U.S. Consumer Confidence sales drop at Beginning of Year

U.S. Consumer Confidence sales drop at Beginning of Year. An index that measures U.S. consumer confidence slipped to its lowest level in more than a year due to lower expectations and the current economic outlook bleak, according to data released on Tuesday. Conference Board report showed U.S. consumer confidence index fell to 58.6 in January, its lowest level since November 2011, which was far worse than economists' expectations of 64.0. While the December figure was revised up to 66.7 from 65.1 the previous publication. This confidence index will generally perched on at least level 90 when the economy was in a good condition. "Consumers appear more pessimistic about the economic outlook and especially their financial condition," said Lynn Franco, director of the Conference Board's economic indicators. "The increase in the income tax has eroded consumer morale, and may take some time to restore consumer confidence."

U.S. House Prices Up Most Lots In 6 Years

Home prices in 20 U.S. cities rose the most in more than six years in November, indicate U.S. housing sector recovery gaining momentum. Property price index of the S & P / Case-Shiller up 5.5% from November 2011, the largest annual increase since August 2006, according to a report today in New York. Economists forecast a gain of 5.6%. Housing loan interest rates are near record low pushing demand exceeds the supply of real estate and the tersedua, a signal that prices will continue to rise. "The rise in house prices is the result of supply and demand is supposed to continue this year," said Jennifer Lee, senior economist at BMO Capital Markets in Toronto. "Supply is very low, so it is good news for house prices. The price increase will also encourage optimism and spending overall. "

Apple Launches iPad Version 128GB
Apple Inc.. on Tuesday announced their plans to launch the latest version of the 4th generation iPad that will carry the memory of 128GB, 2 times the largest storage capacity currently available. The latest model also uses a high-resolution Retina display is scheduled to go on sale on 5 February. Apple to fix the price of their new products at $ 799 for Wi-Fi only version and $ 929 for a version that also features wireless connectivity. After the announcement, Apple's stock moved almost 1% higher in pre-market session on Tuesday.

Japan Cabinet Approves Budget Plan Valued at $ 1 Billion

Japanese government's Cabinet on Tuesday approved the draft budget of ¥ 92.6 trillion ($ 1 trillion) for the fiscal year 2013, which is the highest budget record. The budget plan expected to help the effort to control the deficit and support the goals of the new government in creating rapid economic growth. In addition to a major expansion in public sector spending, the increase in the annual budget plan also reflects the difficulty of Prime Minister Shinzo Abe to curb spending on social welfare and defense sectors. Ongoing tensions with China have prompted Abe to increase spending for the first time the defense sector in the last 11 years. Previous highest record was printed budget when the Democrats control the government in the fiscal year 2011, which reached ¥ 92.4 trillion.

Responding to notch a record budget, the government argued that this year's budget plan includes things different so it does not need to be compared with the budget of previous years. Budget in 2012, for example, is not entering the expenses for pension fund reserves to cover the shortfall. If taken into account, the budget for fiscal 2012 will exceed the fiscal year 2013 budget plan, according to the government. In addition to covering a large spending program for the public sector, in the government's draft budget this time has also been set up ¥ 4.4 trillion to finance post-earthquake reconstruction program in a separate account. "For a view of the highest debt levels in the world, this would be a step in a very difficult budget savings," said Yasuo Yamamoto, senior economist at Mizuho Research Institute.

GBPUSD Consolidated After sales drop sharply

GBPUSD Consolidated After sales drop sharply. Pound under pressure on Tuesday, had even touched a 11-month low vs euro, weighed down by a gloomy outlook for the UK economy plus the risk of credit rating downgrade that carried triple-A UK. Level of public sector borrowing lower during December back adds to the evidence that the target of British government debt is still growth than the original target that they were afraid to downgrade the UK's credit rating in the coming months. Besides the uncertainty relations between the UK and the European Union is also a negative catalyst for the pound throughout the week. Prime Minister David Cameron plans to give a speech related to British membership of the European Union Wednesday. However, among the factors mentioned above, the main reason is the weak performance of the GBP concern for indications BoE minutes and Q4 GDP report will be released Friday. Last week, the fact that the pace of retail sales has not increased at all in Q4, so it can expectation rate of GDP is still weak. Weak consumer consumption levels also potentially trigger new concerns for the central bank. Overall the UK economy is still facing problems so weak GBP were also reflects the position of the market participants to a series of weak economic data. Resistance: 1.5915 - 1.5950, Support: 1.5790 - 1.5750.

DuPont Successfully Profit Exceeds Estimates

DuPont on Tuesday reported a profit of 11 cents per share for the 4th quarter, with total earned revenues worth $ 7.3 billion. The results surpassed Wall Street analysts' estimates, which had previously forecast DuPont should be profitable by 7 cents per share on revenue of $ 7.3 billion. At the same time the company also raised its forecast for 2013 earnings to range between $ 3.85 per share to $ 4.05 per share, which again beats forecast $ 3.84 per share from analysts. Nevertheless, prospects for revenues of $ 36 billion for the year 2013 was in line with estimates. Shares of DuPont moved about 1.3% higher in pre-market session on Tuesday.

Order of British Industry Deteriorating

Gloomy outlook for the euro-zone economy and the fragility of Britain's recovery seemed successful in reducing industrial orders. Industry was orders index fell to -20 for the month of January; worse than predicted -10 and -12 before publication. "Although domestic demand and optimism of the business is quite stable but there are concerns over export orders," said economist Association of British Industry released data. The poor industrial orders data will certainly provide additional evidence fragility of the economic recovery. UK GDP, which will be released on Friday, is expected to show the threat of the return of the economic recession. BoE has even uttered the UK economy could experience a contraction in the fourth quarter of 2012. Meanwhile, sterling was not so affected by the publication of these data. Action of short-covering seems to still dominate the movement after the fall of sterling sharply since the beginning of the Asian session. GBP / USD is now trading 1.5864, try to stay away from the daily low of 1.5809.


U.S. Crude Oil Futures Traded Mixed

U.S. crude oil futures traded mixed Tuesday from London session, with some analysts predicting the prospect of higher prices in the long term, but some see there are still risks falling demand. Observed so far U.S. crude futures for February month contract edged up 0.01% at the level of $ 95.55 a barrel, after reaching its highest intraday $ 95.72 per barrel, and the lowest level daily at $ 94.98 per barrel. Increased oil demand especially from Asia, has led to the revision of the increase in oil demand during 2013 as EIA 900.000 barrels per day to a total of 90.8 million barrels per day this year. From the supply side, the elections in Iran, and Israel as well as the potential for conflict in the Sudan, Syria and Algeria contributed to the risk of delays in supply and maintain oil uptrend. Moreover, Saudi Arabia, which is the world's largest oil producers have cut production in Q4 2012 amounted to 600 000 barrels per day.

ILO: Unemployment Rate Will Touch the World's Highest Level In 2013

The number of unemployment in the world can be above the level of record highs this year, and may continue to increase until 2017, the International Labour Organisation (ILO) said on Tuesday in an annual work report. In 2009, the worst year for world unemployment rates, where as many as 198 million people were without jobs in the world. To report Global Employment Trends 2013, the ILO unemployment rate expected to rise by 5.1 million people, making it possible in 2013 the unemployment rate will reach 202 million people, it is on record in 2009. The report also predicts that the unemployment rate will rise further in 2014, is likely to reach 205 million unemployed.


U.S. Stock Index Futures Expect Earnings Reports

After a long holiday weekend, U.S. stock index futures traded sideways in a trading range is still ahead of the opening session of the Wall Street await earnings reports and economic data Dupoint existing home sales and regional manufacturing indexes. Observed so far DJIA index futures down -0.01% at the level thin 13.574, while the S & P500 rose 0.10% futs to a level of 1,480.25 and the Nasdaq rose 0.25% terkerek futures traded at 2,740.25 so far. Attenuation successfully bounded by positive German ZEW economic expectations index, which managed to skyrocket beyond estimates in the month of January. Furthermore, investors will wait for the report of the U.S. housing sector through the data existing home sales, which are expected to rise to 10.5 million units in December from the previous month at 5:04 million units. From the corporate side, awaited earnings reports include earnings rate Du Pont, Johnson & Johnson before the opening of Wall Street, as well as the earnings report Google Inc, IBM and Delta Airlines.

Plan B Delay Congress, Wall Street sales drop - Trading Forex Fundamental of Today

Plan B Delay Congress, Wall Street sales drop. U.S. stock index moving down sharply following the news that the Republican party has to cancel or postpone the vote to avoid an increase in taxes on those with incomes of $ 1 million or less (per year). About 30 minutes after the congress spokesman, John Boehnar said that he postpone or cancel the voting cause lack of such support, the Dow Jones Industrial Average fell 1.5%, the S & P 500 fell 1.4% and the Nasdaq fell 1.3%.

Cancellation or delay reduction signaled support for the Republican party, reducing the fiscal cliff optimism handling solutions which are expected to begin next year. The news also hit Asian stock markets today, with Hong Kong's stock market fell and the Japanese stock market, the Nikkei, which is down from the previous high.

Follow the trail Hang Seng U.S. stocks fall

Hong Kong Stock Exchange, Hang Seng, move down on Friday, amid concerns about the problem of handling fiscal cliff after Republicans say cancel or postpone a vote or voting in order to avoid the application of the imposition of a tax increase on the citizens who earn $ 1 million or less.

The Hang Seng Index fell 0.7% to 22,504.92 and the Hang Seng China slumped 0.9% to 11,250.63. The Shanghai Composite Index fell 0.1%, handing the previous gain. Shares of Industrial & Commercial Bank of China and PetroChina Co. shares fell as much as respectively 1.1%, with shares of Want Want China Ltd which fell by 2%.

Japanese Finance Minister Question BOJ Inflation Target

Japan's economy minister said today that the statement of the Bank of Japan (BOJ) on Thursday (20/12) as 'shocking'. After the last meeting, the BOJ plans to review its policy in the short-term inflation target at the level of 1% on the regular meeting. "I highly doubt the BOJ's commitment in achieving the inflation target of 1%," said Seiji Maehara some time ago. Maehara had earlier attended the BOJ policy meeting and view the majority of the executive members did not agree with the proposal, and the new board members Takahide Kiuchi and Takehiro Sato. Both want to keep the BOJ take concrete steps to achieve the inflation target of 1%.

"I was even surprised to hear BOJ called consumer inflation range of 0 to 2%, whereas other members of the board of governors did not want change," added Maehara. At the end of a two-day board meeting yesterday, the BOJ agreed to increase the portion of the asset purchases as the main medium of monetary easing in the rate of climate near zero level. Authorities also promised to review the current inflation target, which is part of the will of Prime Minister Shinzo Abe during the last parliamentary campaign. Currently the exchange rate of USD / JPY monitored at the level of 83.93.