Market Review date January 30, 2013 - Forex Trading

Market Review date January 30, 2013. Global stock markets rallied and the dollar fell to a 14-month low against the euro in trading Tuesday amid rising interest in risky assets as the start of the regular session of the Fed which will last for 2 days which is predicted to maintain a loose monetary policy. Reports of rising house prices in the U.S. (single family home prices) in the month of November. Markets had initially depressed after U.S. consumer confidence data release which dropped in January to its lowest level for more than a year. However, the data will still maintain expectations that the Fed will maintain a loose monetary policy. The market is now looking forward to hearing the results of the Fed, which ends on Wednesday or early Thursday. Despite the predictable outcome of the trial would not make a policy change, but the market will look at the turn of the position honorary board member of the Fed to look at a variety of possible policy changes in 2013.

EURO

Euro gains on dollar continue, break above resistance level to the highest level 14 months. The euro was last moved around $ 1.3491. German consumer morale rose for the first time in four months into February because of a lull in the storm boosted optimism that the euro zone, market research group GfK. The euro is expected to try to level 1.3500 with resistance at 1.3535.

Aussie Lift Position Top All 1.0450

Aussie currently residing in the 1.0469 area ahead of the quiet Asian session related economic data from Australia, down from a high of 1.0477 weekly, and continue the recovery which started yesterday in its weekly low of 1.0383 figure. Aussie has moved less than 70 pips from daily moving average and a report from the market said that the Aussie has found an increasingly large sell off, with the number of players who have done so, according to a recent report from the COT.

Weekly high when only a few pips below the 50% Fibo for the last movement in the number of 1.0580/1.0383 at 1.0480 and the low numbers on January 18. According to Valeria Bednarik, analyst at FXstreet.com: "hourly chart shows the momentum of price changes, while some indicators move down when prices are actually going up. SMA-20 were still in that current prices have the potential to rise even while in motion on 4-hour chart shows the bias increases and it will last as long as price is above 1.0420, there is room to move up to the area currently in the area 1.0500 ", said the analyst.

Valeria noted support area at 1.0420, 1.0380 and 1.0330, with a range of resistance in the area of ​​1.0470, 1.0500 and 1.0540.

Australia Will Election On 14th September

Australian Prime Minister Julia Gillard announced on Wednesday that the country's elections will be held on September 14, according to a report. Gillard said the announcement of the exact date provides certainty to the business sector, reported Dow Jones Newswires. With the news that persisted for nearly nine months of election-related news in the country, the continuity of the campaign will be the longest in the political history Australia, during the campaign in general only last for only one month, Reuters reported.

Ready Translucent GBPJPY 143.15, Target 144.00

Sterling gains against the yen continues to build after finding a technical basis above 142.00 in the European session. The pair are currently in a position close to 143.15, where the actors sell survive. Rally to escape from 14:04 still consistent with current trends. The pressure is now on 143.15 resistance level course will provide strong opportunities for short-term penetration, with the perpetrators of buying the beat position of actors selloff in every movement in motion last eight candle. Related to this, an attempt to bring the price down down 142.50 will be challenged by the persistence of the perpetrators continue buying.

If the price had touched 143.15, will open up additional opportunities for movement rose 75 pips in favor of the position of buying players, with the next target might be trying to close 144.00, where the high 17/25 January will be untouched. For the fall of the movement, the failure rate 143/20 will find movement up to 142.90 as a protection area for buying players, followed by 142.50, daily level.

KOSPI Opens Stronger thin

South Korean stocks, KOSPI, opened higher Wednesday, with reports that Hynix erarnings exchanges led the gains in the tech sector's earnings despite weaker than expected. Hynix rose 2.9% after the chip maker posted a quarterly profit return Wednesday related demand from smartphone manufacturers such as Apple Inc., although prices are still below the estimates. South Korea composite price index (KOSPI) moved up 0.27% in rate 1.961.17 points.

Hang Seng Opens Up 0.5%

Hong Kong's stock market, Hang Seng started a movement today is in high daily since May 2011 Wednesday, helped by a 1.2% gain for seed stock exchanges, the China Construction Bank and China Shenhua Energy Co Ltd. The Hang Seng Index opened 0.5% higher at 23,767.30 points, the highest daily since the beginning of May 2011. Index of Chinese companies listed in Hong Kong rose 0.6% indicated.

Performance Raised Nikkei Telecom Earnings Reports

Japan's stock market index, the Nikkei, to continue strengthening this Wednesday after the overnight index moved higher following the U.S. stock market, the Nikkei index rose 0.9% to 10,958.66 and the Topix index rose 0.4%. Telecom stocks led the gains, with shares of Softbank Corp which rose 2.8% after the Nikkei reported that the company is expected to post earnings rise in April-December, which was helped by sales of the iPhone. Energy stocks also add to the strengthening market. Shares of Japan Petroleum Exploration Co. climbed 2.7%, and Inpex Corp. shares rose 1.1%.

Mostly Sector Gains, Hang Seng Positive

Hong Kong's stock market, Hang Seng moved up in early trading session to reach its daily high since May 2011, the telecommunications sector and consumer market led the gains after U.S. stock markets closed higher. The Hang Seng Index rose 0.8% to 23,844.33 and China's Hang Seng index rose 1% to 12,201.38. Shares of China Unicom Hong Kong Ltd. rose 2.1%, the port operator China Merchants Holdings Interbational Co. rose 2.4% and shares of Belle International Holdings Ltd. rose 1.7%, along with shares of Aluminum Corp. of China rose 0.5% despite the company warning that there will be a record loss in 2012. China stock index rose 0.2% to 2,363.72.

Seen Stuck Below Yen 91.00

Japan's retail sales data emerging with the release rate +0.4% annualized basis, making the price move slightly to Yen, the last figure 90.78, is near the area of ​​trade in the U.S. session opening. The yen moved down slightly for the week, down by 0.28%, with a focus on the FOMC meeting, U.S. jobs data and GDP figures. As said Valeria Bednarik, analyst at FXstreet.com who noted: "The yen failed to recover to penetrate the short-term channel in its movements per hour," the analyst said, adding: "technical indicators in its movement neutral area indicating the absence of reinforcement in any area, while the movement of the channel near the 90.90 resistance area near and SMA-100 was at 90.30 today. Yen will still survive with a positive bias, to the data and news out of the U.S., "concluded Valeria.

Analysts noted the range support in the 90.30 area, 89.80 and 89.60, while resistance is at 90.90 range. 92.10 and 91.60.

Nikkei Gains Related Weakening Yen

Nikkei Gains Related Weakening Yen. Japan's stock market, the Nikkei moved higher early Friday trading, with the Nikkei moved up 2.2% at 10,844.10 points. The index cameas the U.S. dollar was at 89.91 yen traded near a peak against the yen since mid-2010. Bank of Japan will hold a meeting next week, and a strategist at Barclays Capital said that it seemed like an increase in the likelihood that the BoJ will meet next week urging the government to achieve the target inflation rate of 2% ". Friday's stocks rose, among others Mazda Motor Corp., which rose as much as 7.6%, Sony Corp. rose 3.9% and Honda Motor Co. rose 2.9%. Technology stocks look to maintain gains, as shares of Advantest rose 6.5% and Tokyo Electron Ltd. rose 4.7%.

Caught In Close range 1.0550, Aussie Ready Welcomes China's GDP

Aussie drops down 1.0500 in overnight trading related Australian employment data are weak, but edged trigger movement at that level and gradually moving up, closing the U.S. session at 1.0545, 30 pips below the price close today. "Hourly graphs shows that while there is a bullish signal from a technical reading of the price still has not been able to continue to the1.0550 area, the resistance level of satisfaction", said Valeria Bednarik, analyst at FXstreet.com. If prices rally managed to move above 1.0550, Bednarik identify selloff in 1.0580, then to 1.0600 figure. Target bearish recorded at 1.0520, 1.0490 and 1.0450.

Japan's Minister of Economy Soon To Agree With BoJ Fulfill Mandate

Japan's economy minister said Friday that the talks with the Bank of Japan is getting closer to an agreement requested by the Japanese government, shows that the two sides would soon reach an agreement to prepare a target inflation rate of 2%. "All going well," said Akira Amari told a news conference. "I think we'll be able to announce something after BoJ meeting next week". Government officials told Dow Jones Newswires that the draft statement for the BoJ to 2% inflation target over the medium term will be made. A final agreement is expected to be issued after the meeting, which ends on Tuesday.

Samsung to Release New Products, Similar with iPhone

When an official of Samsung Electronics Co. showed off a new chip at the Consumer Electronics Show in Las Vegas last week, it gives rise to speculation of a picture of the new Samsung product really is no longer the same as the previous smartphone product - which will be the next Samsung flagship product . Approximately 4 months later, the bloggers with writers in South Korean newspapers have been trying to unravel the details of Samsung products, which are likely to have the name of Galaxy S IV after many multiple versions displayed for 3 years.

They estimate that the new product will have a larger screen, a sleeker shape, equipped pen, does not have a button and of course, with a faster processor chip, along with a battery with a stronger resistance. Several reports in November showed that the product will have a screen that may rupture and impact resistant, and others say that the product will have the waterproof feature. Some pictures of an invitation to a press conference in March in South Korea have been circulating on a few websites.

Look forward to the results of the ECB, Euro Near 1.3050

Look forward to the results of the ECB, Euro Near 1.3050. FOREX FUNDAMENTAL ANALYSIS TODAY

• USDCHF: Bearish Signal Observed Lightweight, Watch range 0.9234 - 0.9074
• USD / CHF: Trend Down, Current range at 0.9232 - 0.9252
• EUR / USD: Bullish Trend Current, Resistance range at 1.3062 - 1.3091
• USDCHF: Movement Still Samar, Watch range 0.9200 - 0.9272
• 1.3000 and MA200 Support Important Euro

The euro is still in choppy movement with a negative bias as traders await the results of the ECB meeting and press conference in the European session. "For a while, the hourly chart shows price still stuck below the 20 SMA and the 23.6% retracement for the latest daily fall, both near 1.3070 and the resistance level is nearby, while some indicators are still in the neutral zone," explained Valeria Bednarik. Bednarik was again continued: "Although lack support for continuing fall in the near future, as long as the price remained below 1.3110, rettacement 38.2% for the same rally". Currently, the euro held near daily range at 1.3050, 10 pips near yesterday's close. Currently Euro stands at 1.3048, with bearish signals are monitored daily movements will still haunt the single currency.


KOSPI Opens Stronger Thin; Rally KEPCO

South Korean shares opened slightly higher Thursday, following the strengthening of the U.S. stock market while strengthening vigilance will still be limited by market-related earnings reporting season. Shares of Korea Electric Power Corp. (KEPCO) moved up more than 3% after the government there said it would raise electricity rates by 4% on average, starting next week to help the company cover the loss. Korea composite stock price index (KOSPI) rose 0.24% to 1,996.54.

Nikkei Gains At Sector Exporters Positive

Japan's Nikkei stock index drove back Thursday as weaker yen carry sector exporters rose as the weakening yen, which has rallied in the past two months related to expectations that the central bank will ease monetary policy on a large scale. Nikkei moved up 0.7% to 10,652.84 in the trade that took place, bringing the index to the overbought area. RSI index survive at 75.8, above the area 70 where the index is in overbought area and often indicates that the market may experience a correction in the short term. Shares of exporters, which has been hit by a strong yen and competition from South Korean companies, which is taken by the depreciation of the Yen in 2 months.


Ahead of ECB Meeting, gold corrected

Gold prices moved down on Thursday, pressured by technical resistance level of significance, as investors await interest rate decisions by the European Central Bank rate decision relevant today. Spot gold moved down by 0.1% to $ 1,655.50 an ounce, below the level of resistance in the number MA-200 Days in the $ 1,661.05.

U.S. gold futures barely any movement in the $ 1,655.40.

Investors are watching the meeting of the European Central Bank today. The central bank is expected to hold interest rates, but economists still have a chance differences will cut interest rates in recent months as the poor economic outlook.


Aussie hampered Negative Economic Data

Ahead of China data due to be released tomorrow (11/01), the Australian currency exchange rate movements have remained in the range of 1.0500 in early trade Asian markets. Aussie could penetrate 1.0530 level yesterday evening. Building approvals data released this morning, rising only 2.9% for the month of November compared with analysts' expectations increase of 4.0%. Data are not capable of appreciating Aussie. Valeria Bednarik, chief analyst at FXstreet.com, noting though the exchange rate moves one hour indicator is neutral in the currency is likely to continue the bullish pressure. Target strengthening Aussie at 1.0525 with support at the 1.0490 level. Bearish signal can be used as an opportunity to make a purchase.

Aussie increasingly eroded Post Trade Balance

Aussie increasingly eroded Post Trade Balance. Kangaroo domestic currency, Australian dollars, or better known as the Aussie seems to depreciate below its 1:05 traded Tuesday (8/1) post-release trade balance data are increasingly in deficit in November. Figures Australia trade balance recorded a deficit in November 2637 million USD, more bloated than the previous period in the level of -2088 million GBP, and the biggest drop in four years. In addition, the Australian government bond yields declined in two consecutive days, adds weight to the Aussie. AUD is currently recorded to be in the range of 1.0475 after rallying to a high of 1.0516 is limited, while the low level recorded at the level of today's 1.0470.

However, the weakening of the Aussie may be limited due to the persistence of the positive sentiment in global demand (global demand) following widespread speculation that Japan will increase monetary stimulus to prop up its economy. So that will automatically boost the demand for assets related to global growth. Japan, the largest export market of the 2nd Australia, reportedly is preparing a supplementary budget that includes the economic stimulus of up to ¥ 6 trillion ($ 68 billion) to public sector jobs. In addition, the Aussie also seems still propped up by expectations that the data this week showed retail sales and construction approvals in Australia will experience increase (release Wednesday and Thursday).

Positive Catalysts Runway Euro Rally Ahead of ECB

Until the afternoon trading on Tuesday (8/1), the euro appears in sparkling notes of appreciation against the U.S. dollar because investors are starting to appear thanks to adjusting their positions ahead of the European Central Bank (ECB) this week. Euro Rally is also not free from the current speculation that the ECB will refrain from first to signal further cuts in interest rates when it meets later on Thursday (10/01). The euro recorded strong move in the range of 1.3124 after rallying up to 1.3139, higher than the record high level session yesterday at 1.3119.

In addition, a positive catalyst for the euro also came from Italy, where Silvio Berlusconi reported the attack to re-nominate him as prime minister in elections next month. But should watch out, each emerging indication of monetary stimulus or comments about the economic downturn, will still be at risk of dropping euros return.

Aussie In Session Below 1.0480 low

The Australian dollar weakened against its rivals still moving, the U.S. dollar, the Aussie is currently trading near session low at 1.0474 area. Australian bond yields move down in two days when the country reported a lack of data or the trade balance trade balance in November, the largest in four years. Valeria Bednarik, analyst at FXstreet.com said: "The move towards 1.0390 will likely hamper the movement up, and most would be considered a buying opportunity, while above 1.0525 will show the movement of the price movement in the 1.0600 area approaching next few sessions."

Aussie so far has eroded the entire movement overnight, the next bearish target at 1.0430 and 1.0400 area, according to the analyst. Above 1.0525, upward movement might find resistance at 1.0550 and 1.0600 figure.

Today Forex Fundamental News Analysis

Overnight Gold Down to 1660 For Fiscal Cliff. Gold is down nearly 2% on Tuesday to its lowest level since August to a level of 1660.80, hit by a massive sell-off and the heightened expectations that the U.S. government will soon reach an agreement to avoid a fiscal crisis next month. Gold scored the biggest daily drop since 2 November. Analysts said gold was supported by rising trendline MA200 day and annual near $ 1.660 per ounce. "If gold can not survive on a key support level, it may be a technical selloff will continue," said Adam Sarhan, CEO of Sarhan Capital.

Easing Expectations Shoot for Asian stocks

Tokyo stocks good perform today (19/12) with the Nikkei perched above the level of 10,000 for the first time since April 4. A weaker yen and rising expectations for monetary easing short-term benefit performance of Japanese stocks. The dollar rose against the yen and rose to Y84.30 compared with Y84.20 late Tuesday in New York - after Japan reported a trade deficit that was almost flat for the month of November. Longest monthly decline since 1980. Data was released one day before the meeting information Bank of Japan. Investors focus on the political implications of the Liberal Democratic Party victory. The majority of economists surveyed by Dow Jones Newswires had predicted that the central bank will implement easing measures at its policy meeting this week.

A weaker yen combined with strong post-election sentiment helped push the Nikkei index to stay above the level of 10,000 for the first time since April 4. The index rose 1.1% to 10,085. Shares construction helped by positive sentiment after Mr. Abe pledged to budget for spending on a large scale. In addition, the stock price after the Nikkei financial performance trim through the level of 10,000. Mitsubishi UFJ Financial Group gains 5.1%, Nomura Holdings rose 4.5%, and Nippon Steel & Sumitomo Metal Corporation rose 4.1%.

Exporters continued to print the gain due to the weakening yen. Toyota Motor rose 2.2% and Canon rose 4.5%. Regional markets are still focused on efforts to issue U.S. fiscal cliff - the package of tax increases and spending cuts that are scheduled to be implemented next year. Yesterday (18/12) President Barack Obama indicated that he wants to compromise on the level of annual income to be taxed higher. S & P / ASX 200 rose 0.2% Australia, responded well after mining iron ore price increase. Rio Tinto rose 0.9% and BHP Billiton rose 0.7%.

Gold mining company, Newcrest Mining fell 2.6% after gold closed at its lowest level in more than three months. Gold prices rebounded in early Asian trading session and has recorded an increase of $ 3.20 at $ 1,674.10 an ounce. Also in Sydney, shares of surf apparel manufacturer Billabong International plunged 10.7%, after the company cut its earnings estimate yearly. Hong Kong's Hang Seng Index rose 0.5%. While Esprit Holdings fell 5.5% after yesterday said the biggest losses in the six months ended December 31 due to the deteriorating operating profit for the period July-September. In the mainland Chinese market, the Shanghai Composite Index rose 0.1%. South Korea's market is closed today for the presidential election.

Aussie Avoid High Level

Although the equity market risk appetite is seen to rise with 1:15% SP500 U.S. rose to a high of only 2 months, selling depress the exchange rate AUD / USD to a weekly low of 1.0513 due to the decline in commodity markets such as gold dropped to -1.61% during the NY market closed . Copper also fell to a low level weekly. Australian data releases showed the MI Leading Index was at its lowest level in 11 months at 0.1%. Valeria Bednarik, chief analyst at Fxstreet.com, explained that according to the hourly chart the movement of the AUD / USD looks bearish and below SMA 20 with indicators being negative territory. If the currency broke through the support level, the Aussie likely to continue weakening to 1.0460, "he added. "The interest sold will be reduced in line with weakening currencies in the 1.0400/30 level, otherwise interest will increase the purchase of currency." Aussie support levels at 1.0505, 1.0460 and 1.0430, while resistance levels at 1.0525, 1.0540 and 1.0590.

Obama Ready Republican Press the "Plan B"

John Boehner, a spokesman for the U.S. Congress from the Republicans proposed a proprosal that might prevent the imposition of a tax increase to the U.S. citizens who have an income of less than $ 1 million in his stride to push Obama. Republicans in the U.S. Congress back in the offensive position against negotiating fiscal cliff Tuesday, giving pressure to perform a backup plan before closing this year in order to avoid a tax increase for citizens with incomes of less than $ 1 million per year. Congress Party Republican proposed any proposal that may be proposals that have been proposed previously. The move, as revealed by a spokesman for the Congress, John Boehner in a conference at the congress, aimed at pressing the Obama position. This will change the position of the White House to the Republicans in the U.S. Congress: the likelihood that the White House would be blamed if the majority of taxpayers subject to the higher tax increase next year.

The U.S. Dollar Index High Touch 2 Months

The U.S. Dollar Index High Touch 2 Months. The U.S. dollar touched 2 month high against a basket of currencies on Monday after U.S. jobs data released last week that emphasizes the strong fundamentals of the U.S. economy. As the dollar held near a four month high against the yen and the euro are also touched the low 5 weeks, despite the uncertainty of the election on Tuesday may still not provide a strong potential for what will happen later. The U.S. Dollar Index, an index that measures the value of the U.S. dollar against six other currencies, moved up for highest at 80 629 points, its highest level since 7 September.

Stuck Below Yen 80.50

Yen get early start position to start the high level at 80.54, though only last a moment, when the yen back to the initial level and the session low of sessions recorded at 80.40. Currently prices are in the mid range of the movement, was last seen at 80.47, while the local stock market there is still showing mixed movements with a negative signal, with the Nikkei index is still moving down 0.33%, though still above the level of 9000.

"Graph per hour", said Valeria Bednarik, Chief Analyst at FXstreet, "shows the indicator SMA-100 were met with SMA-200, although some indicators represent the wrong side now, still in the middle price. In the 4-hour chart, technical readings also gave a saturated, although prices held near the height ", notes the analyst. He also went on: "in general is still bullish signal for the yen to rise in the surviving signal for the yen. Recent support in DMA-200, which hold the movement down a few times in the last week, today is about 79.60 ", concludes Bednarik.

Analysts said that the range of support that will be recorded at 80.30, 80.10 and 79.70. While the range of 80.60 resistance will be recorded, 81.00 and 80.45.


Euro Failure to Close Gap Weak Opening

The euro is currently at 1.2828, still fails to address the gap that has opened weaker early Asia-Pacific trading session, just two days before the U.S. presidential election. The euro has weakened more than 1.6% of the value of the weekly opening Monday. When Valeria Bednarik notes: "hourly chart shows the bearish momentum is still strong even though some indicators began to leave the oversold territory, while the 4-hour chart shows the trend of the movement down," the analyst said, adding: "Support strong, when broke 1.2800 , located on the 38.2% retracement at 1.2745 of bullish daily and high in June. There is a daily closing below it is expected to form a stronger selloff, and the 1.2610 level will likely happen this week. For the short term, the sale will be formed in the interest of previous support at 1.2880 area as an area of ​​resistance ", concluded Bednarik.

Range of support recorded at 1.2820, 1.2790 and 1.2745, while resistance will be recorded in the range 1.2840, 1.2880 and 1.2910.

Yen (Return) Short Level Pre-BoJ

Yen (Return) Short Level Pre-BoJ. Yen restore levels fall after BOJ steps in high numbers yesterday at 79.96, which is now again following movements in figure 79.82. The yen moved up 0.25% for the week, finding support at the 200-Day SMA, 79.50 points lower yesterday. Valeria Bednarik, Chief Analyst at FXstreet.com notes: "chart movements per hour to maintain prices above the SMA-200 and 100 which form the support area at 79.70; within the same timeframe, the potential loss of bullish indicators but remained in the positive area, while the graph per 4 hours still looks the same, with a short-term bullish signal begins to lose momentum, "said Valeria. He predicted: "79.40/80.10 is the range for the first day of the month (November) is" the analysts recommended.

Bednarik said that support will be recorded in the range of 79.70, 79.40 and 79.10. While the range of resistance were 80.05, 80.30 and 80.60.

Oil edged up after the storm sandy

U.S. crude oil prices scored only a slight increase on Wednesday as post-prepared for the potential disruption of fuel supply for the long term in the second largest refinery in the East Coast after the storm Sandy on the Jersey shore. The market focused on tightening fuel supplies East Coast as much as 238,000 barrels per day refinery may face Phillips 66 Linden, New Jersey, after Sandy jarring disconnect power and flooded some low-lying areas. The company on Wednesday said that the workers had returned, but found not predict when it will reopen.

Traders still predicts a decrease in the level of demand as the distribution is lost in the storm plus the already tight regional supply and supply disruptions. "I think there is a lot of action and speculation of hedge funds impact damage from Sandy," said Richard Ilczyszyn, chief market strategist and founder iitrader.com LLC (ex MF Global) in Chicago.

Visa Shares Trading Post Gains

Visa Inc. shares moved higher after the payment of the company's network posted an adjusted earnings were better than expected and announced a share repurchase program. Visa said that fourth-quarter earnings still out at income tax $ 1.54 per share. Analysts surveyed by FactSet had forecast the stock price of $ 1.50 per share. Total operating income rose 15% to $ 2.7 billion from the previous year, and the payments grew by 6%. Visa shares rose 1.7% to $ 141.10 ahead of the close of trading.

Visa posted a profit of $ 1.7 billion, or $ 2.47 per share, from $ 880 million or equivalent to $ 1.27 per share, a year earlier. For the 2013 financial year running, Visa said that revenue will grow by 10% to 13% over 2012, while the shares of class A will experience revenue growth of 17% to 19%. Visa also announced a share repurchase program worth $ 1.5 billion class A shares that will be conducted during the month of October 2013.