Aussie Still Stuck In Session Low After China GDP Data

Aussie Still Stuck In Session Low After China GDP Data. Aussie remained low down in the session, the first annual increase in China's GDP for 2 years, which did not have a positive impact on the movement of the Aussie. Last Aussie looks at the session low at 1.0513 figure, where the Aussie down from the previous session high at 1.0560 figure recorded right after the release of the data came out, fell from those levels. China data release is still not considered sufficient by buying players to lift the Aussie higher, which for Goldman Sachs, sold the Aussie is considered the best option. Support Aussie located closest to the weekly low yesterday at 1.0493, followed by the low numbers January 7 at 1.0466, and the December 24th high at 1.0417 figure. For the rising movement, nearest resistance is Monday's low at 1.0520 figure, followed by the high current session high at 1.0561 and at 1.0580 weekly Wednesday.


China Shares Stable Post-Release Data

China Shares are steady after China's Q4 GDP data release which rose 7.9% from a year ago. The index rose from Q3 by 7.4% expansion. The Shanghai Composite Index rose 0.6% to 2298.00. Analysts peg the resistance level is near the level of 2350. "GDP figures according to previous market expectations, so it is not visible any significant changes in the Shanghai index, but the data can be used as an indication of market recovery laneways short and medium term. As seen on retail consumption data showed considerable improvement and provide a positive impact on the economy , "said Hong Yuan Securities analyst Tang Yongang. China's retail sales rose 15.2% per year for the period of December, up from the increase that occurred in November at 14.9% per year. Coal mining lead market gains after the sector suffered a setback last year's performance. China Shenhua Energy +0.6% to CNY24.43, Yanzhou Coal Mining +0.7% to CNY18.10, and China Coal Energy +1.2% to CNY7.87. Shenzhen index rose 0.4% to 925.44.

The growth of China's economy Quarter IV Lift

China's economic growth accelerated in the fourth quarter in 2012, confirmed growth for the world's second largest economy after the past 2 years the economy is slowing. The country's GDP grew by 7.9% end of the previous year in the fourth quarter, China's Central Bureau of Statistics said Friday. The figure shows an increase from the previous growth in the third quarter and 7.4% on the figure is still slightly above expectations of 7.8% to the increase, according to the medium-term forecast of a Wall Street Journal survey of more than 17 economists. Figures released showed the growth of China's economy likely to be stable close to the 8% this year.

Aussie Weakens After China GDP Data Release

The Australian dollar had an unpleasant reaction to the release of Chinese GDP data for the fourth quarter of 2012, which appears in the figure 7.9% against expectations of 7.8%, where the last q4 GDP rose 2% to 2.3% estimated in figures. Other data in line with forecasts, with some increase in retail sales recorded for data. Aussie cusp experienced today began selling dashed by going above 1.0550, fter generating retracement or move to an area of ​​1.0540. The strong Chinese data seemed to have been taken into account by the market after recovery Aussie during the European session. Aussie is still in the range between 1.0480/1.05 and 1.0600/10.

Stuck Under EURJPY 112.00 - Fundamental Forex News of Today Analysis

Stuck Under EURJPY 112.00. EURJPY last seen at 111.77 points, almost flat in 2 days, although still within the range of as much as 180 pips, still rose 1.67% for the week. Currency pair recovered from session in London from daily low in 110.71, when a currency pair is down from a new 16-month high at 112.50 points Wednesday. EURJPY rally to reach high on Thursday at 112.15 points, which is now back down from that level.

Support close to the decline in lower EURJPY Monday at 111.24, followed by the low yesterday at 110.70 points, and the low on Monday / last Friday's high at 109.95. In order to increase the movement, resistance is high close yesterday at 112.15, followed by a new 16-month high at 112.50 points, and the low 16/24 May at 113.39/50 figures.

News Fiscal Cliff reverberate, Euro In Low Session

While news of the fiscal cliff that leads to a dead end until Christmas Day this year and while the Standard & Poor's cut its debt rating to CCC + from Cyprus B, Euro finally got through adversity to the session low of 1.3204 session high at 1.3252 figure. But still it can be said euro rose 0.2% from the opening session of Asia yesterday, and still gained 0.49% for the week. Analysts said the support level at 1.3185 and 1.3140. While the range of resistance are 1.3290, 1.3320 and 1.3385.

U.S. Fiscal Burden Euro Anxiety

Euro traded flat versus the U.S. dollar as the increasing concerns over the U.S. budget negotiations take a risk appetite which previously represented the U.S. economic data. The euro had hit a high of $ 1.3295 after U.S. GDP data the 3rd quarter was revised up more than expected on Thursday. Projected U.S. GDP end the 3rd quarter showed growth of 3.1%, up from 2.7% published last month.

"Concerns over U.S. fiscal gap clearly behind the movement today. Chairman of the U.S. House of Representatives John Boehner has surprised a lot of people," said Richard Franulovich, senior currency analyst at Westpac Securities in New York. Franulovich also added that technical factors also influence the Euro / Dollar. "The euro has failed to break the resistance of $ 1.33 during the last 2 days. Number of sellers around that level were also repulsed the Euro."