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.

Euro Stranded Near 1.2960; Potential Failure of Greece

Euro Stranded Near 1.2960; Potential Failure of Greece. Upon reaching the area of ​​1.3020, Euro turns down and move to follow movement up as risk appetite failed to bring the stock to a negative area. Chicago PMI data were weaker than expected, and reports that Greece may not receive assistance from the Troika burden Euro. However, the Euro managed to find buying at 1.2955 level and survive in small areas during the U.S. session. Currently, the euro was trading at 1.2960/65 area, where the Euro looks almost unchanged since opening. For the level of technical, nearest support seen at 1.2945 for the Euro, 1.2900 and 1.2880. While the range of resistance might be found at 1.3000, 1.3020 and 1.3075.

Aussie Detained Under Around 1:04

Aussie currently at 1.0375, is in ascending triangular pattern that has occurred since last Thursday, with prices in the area of ​​1.04, which is also a high yesterday. Euro still looks flat from the opening session of Asia Pacific yesterday, and is still flat on weekly, recovering from its low of 1.0325 on Monday at the numbers. Even important for the Aussie these days is or Manufacturing PMI, followed by HSBC PMI Final.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: "movements per hour chart shows price below 20 SMA and indicators moving towards negative area", said the analyst, and he continued: "which indicates that momentum is not enough nowadays. Within 4 hours of technical movement movement is still flat, barely positive. Supervise penetration below 1.0350 to see any pressure, ready to experience the daily bearish signal, "concluded Valeria. Analysts are finding support at around 1.0350, 1.0330 and 1.0300. While the range of resistance are 1.0380, 1.0410 and 1.0445.

Runway Construction Data Appreciation The Aussie - Fundamental Forex News Of Today

Runway Construction Data Appreciation The Aussie. The appreciation of the Australian dollar continues on Wednesday following the release of data on building permits in September were better than expected. Currency that is often called Aussie gained against most major rivals ahead of China manufacturing data, which may be showing improvement and export prospects brighten kangaroo country.

"The number of building permits in Australia far exceeded expectations," said Khoon Goh, senior currency analyst at Australia & New Zealand Banking Group Ltd.. in Singapore. "The data indicate that the RBA rate cuts during the past year started to show results., And it has helped a bit Aussie." The number of permits granted to build or renovate houses and apartments rose by 7.8% last month from 8.8% in August, according to the Bureau of Statistics in Sydney. These results are much higher than the expected increase of 1% of the economists.


Recovery Optimism British Sterling

Pound extended the dominance of the greenback on Wednesday after a series of solid UK data reduce the possibility of further monetary easing and attracted a number of investors to collect Sterling. "Sterling looks more stable after the CBI trade survey supports the expectation that the UK economy has been on the recovery path," said Nawaz Ali, market strategist at Western Union Business Solutions.

UK data were better than expected as well have eroded the opportunities for further monetary easing from the Bank of England next month, although still remaining concerns over the pace of economic recovery. Images from the latest UK consumer confidence remains fragile highlights Britain's recovery from recession, as shown GfK NOP survey on Wednesday.

For further investors will be monitoring the release PMI manufacturing, construction and services in the next few days to obtain an indication of the health of the British economy in the 4th quarter.

Euro Go To Increase in 3 Monthly and EURUSD fell after the Ecofin Teleconference

Euro Go To Increase in 3 Monthly. The euro continued to persist on the path to the third monthly increase in a row as the strengthening of Wall Street after the closure during a 2-day strike to demand the U.S. dollar as a safe haven. The euro also reap some buying support from investors made the Middle East and Asia. "Late last month, accompanied by full-back operation of the market has been a busy day, as traders try to catch them," said Camilla Sutton, chief currency strategist at Scotia Bank in Toronto. "The market is trying to add risk to the portfolio at this time."

However, the focus began to shift to investors seen U.S. jobs report in October, according to the Labor Department will continue to be released on Friday. Although previous storms have forced the government to suspend its activity for 2 days. While some analysts argue that the uncertainty presented by Spain and Greece still will limit any appreciation of the single currency.

Risk Currencies Stable Still In Positive Territory

Various risk currencies stable in positive territory on Wall Street propped up by sessions of positive economic data from Australia and Germany that supports the investor sentiment in the final trading month. However the report employment cost index and the Chicago PMI business barometer fell below estimates indicate release stimulus provided by the central bank is likely not large enough. In Australia, upbeat home construction permits by 7.8% well above the estimate of 1.1%, showing a solid rebound in the housing sector in Australia last year.

The housing sector has so far been a key factor of growth so that the increase in housing activity is a signal that the RBA is unlikely to cut rates before the end of the year, thus boosting performance AUDUSD pairing. Separately, German retail sales report also showed a positive surprise to 1.5% versus 0.4% previously, and managed to boost EURUSD testing 1.3000 psychological level. Reail upbeat sales for two consecutive months, indicating that German domestic consumers are still quite healthy despite a sharp weakening in the Euro zone. Moreover, we have previously got a report German consumer confidence hit a record highest since 2007. This condition is also confirmed that the German economy began to shift in the sustained growth of exports to more internal demand so as to assuage fears of recession in Germany due to the turmoil in the rest of Europe.

EURUSD fell after the Ecofin Teleconference

Data monthly U.S. jobs report scheduled to be released on Friday, despite earlier concerns that Hurricane Sandy may force the Labor Department to delay the release of U.S. jobs data. Reports hiring and the unemployment rate for the month of October will be the last work report before the U.S. elections on Tuesday. Labor Department officials said earlier this week that they intend to release a report on time, but they also said it is possible to delay the release of the data.

Euro Strengthens European Growth Optimism - Fundamental Forex News of Today

Euro Strengthens European Growth Optimism. The single currency Euro has strengthened in trade appeared Wednesday (31/10) due to the outbreak of optimism because Spain's GDP data release yesterday was not as bad as expected, so it has sparked some amount of speculative buying riskier assets including the Euro. Besides the latest news also said Greece close to agreeing to a reduction in savings programs (austerity cut) for a period of two years in order to encourage the exchange rate. And successful Italian bond auction in 5 and 10-year-old also helped boost the single currency.

However, the strengthening of the Euro seems they tend to be limited by concerns about Greece's new austerity measures agreement, and the uncertainty about when Spain will ask for a bailout. Technically, the target is still focused on strengthening Euro critical level $ 1.3 after passing the nearest prisoner's first range of $ 1.2985 which is the high range session yesterday.



On Again, Wall Street Predicted Winners

U.S. stock market (the U.S.) re-opened today after a two-day closure due to storm Sandy. Investors who earlier in the week forced to hold interest investment can now be cheered. Trading volume is believed to increase to several times higher than normal days. Throughout this month, the average daily transaction volume of 3.5 million shares. However, for this day, many analysts expect a bigger number. "It's hard to guess the direction of the market, but we will see a large volume for the same number of transactions by combining 3 days to one day," said Fred Dickson, Chief Market Strategist at DA Davidson & Co.

Expectation is possible because Wednesday is the concluding session in October. At the end of the month as they are now, investors, traders, hedge funds and mutual fund managers seek to balance position. Market participants also must not forget the agenda of the issuer's financial statements in the third quarter. Earnings were influential to the stock include Home Depot (HD) and Lowe's (LOW). Then there are the insurance companies and the financial sector such as Allstate (ALL), AIG (AIG) and Hartford Financial (HIG). Retailers, airlines and hotels, which are highly affected by the hurricane, is also a focus of attention.

Some companies that had been scheduled to release its earnings on Monday and Tuesday will be release earnings today. They are Hertz (HTZ), Mastercard (MA), Visa (V), First Solar (FSLR) and MetLife (MET, Fortune 500). Owners of capital are also new companies will respond to corporate actions that occurred during the storm struck. Among them is a management reshuffle news Apple Inc. (AAPL) and Lucasfilm purchase deal by Walt Disney (DIS) for $ 4 billion.

Wall Street Back Opened Today - Fundamental Forex News of Today

Wall Street Back Opened Today. U.S. stocks are expected to be re-opened today (31/10) after a two-day closed for security reasons after the storm Sandy. The worst storm in recorded U.S. history in nearly 75 years. NYSE Euronext (NYX.N) said the New York Stock Exchange will resume operation as normal despite the possibility of trade will be diverted to electronic commerce if needed. Nasdaq OMX's Nasdaq Stock Market will also be in operation today as well as BATS and Direct Edge Exchanges. "We've got the green light," according to NYSE Euronext chief operating officer Larry Leibowitz.

The entire floor of the U.S. carriers have been taking part in trials conducted yesterday (30/10) using the backup system NYSE. The test is done using a backup system due to interference caused by the storm. At least 30 people were killed and thousands of others fled to avoid the storm that hit the east coast of America yesterday. The storm made the most activity discontinued business in Manhattan and caused massive flooding in the subway network is expected to be closed for several days.

Scheduled U.S. stock exchanges remain open on Monday (29/10) but the multitude of pressures from companies worried about the safety of its employees makes the stock finally closed. This is the first time in 27 years the stock market was closed due to bad weather. Banks, brokers and other parties had been negotiating the possibility yesterday to continue trading. Losses caused by the storm is expected to reach tens of millions of dollars of lost income and bank stock, explains the analyst. After a two-day shut down in the middle of the corporate earnings season and the end of the financial year, the trade seems to be running volatile.

"At least this condition would occur in early trade due to excessive market reaction. Market trading volume is expected to surge at least in the first hour," said Art Hogan, managing director of Lazard Capital Markets in New York. NYSE, which handles about a quarter of the volume of the U.S. stock market transactions, has been testing electronic trading through the platform, obviously Leibowitz. Under normal conditions, the NYSE handles about half of the volume of transactions Wall Street trading floor, in which traders and specialists buy and sell shares directly.

Many companies, including 25 members of the NYSE's top companies, who make up more than 90% of the volume of transactions in the stock market took part in the trial, obviously Leibowitz. "Today is not expected to encounter many obstacles and is expected to market in good shape," he said. On Sunday (28/10) issued a statement NYSE trading floor will close and divert trade on electronic markets. It is ultimately undone after the onset of pressure from traders and other interested parties are concerned about the safety of employees during a storm. Testing of electronic transactions was done on March 31, but was never used again.

A trial was made early morning where the Nasdaq and BATS, which is the No. equities exchanges. 3 in the U.S. has been testing himself. There are a few issues while testing done, mostly related to the difficulty of the staff entered Manhattan due to flooding and transportation problems but all problems can be fixed by late morning, said Chris Isaacson, COO of BATS. "The majority of members could be reached today," he explained. The trials will also be possible to avoid the volatility of the transaction is not fair transaction in any securities, including the securities in the NYSE, he added. "Trading is expected to be back to normal," said Isaacson.

The bond market closed Tuesday. Financial industry trade group, said it has recommended SIFMA market will reopen today. September 2001 was the last time the stock exchange was closed. New York Stock Exchange and Nasdaq closed on Tuesday, September 11 following the terrorist attacks that destroyed the World Trade Center. Stock reopened six days later on Monday, September 17th. "Never before markets closed for three days due to bad weather and a superb condition for the market," said Mike Shea, of Direct Access Partners LLC in New York. "This is very different from an emergency while the September 11 attacks occurred."

Kenneth Polcari, a trader who has long been in the NYSE, said he was still waiting when the stock market will back to normal and can do transaction buy and sell directly on the trading floor. Leibowitz said it intends to close trading on the NYSE trading floor. "It depends on individual judgment. By using existing technology does not mean it is the best."

Yen Still Above 79.50 and Euro Strong - Fundamental Forex News of Today

Yen Still Above 79.50. Following yesterday's price fall in figures 79.95 to 79.28 after the BoJ's monetary policy decision released yesterday, the yen had recovered to 79.63 weekly price movements, was last seen. Down movement is likely due to the action of "sell the fact, rather than the market was disappointed on the size of the release of funds from the central bank stimulus. Weak economic data from Japan continue to emerge, today at 46.9 PMI manufacturing data, which is still below previous levels, respectively, in 4 months.

Bednarik also expressed his analysis: "The yen managed to close back above the daily movement yesterday DMA-200 level that offers dynamic support near 79.50". "Movements in the hourly chart shows a bullish signal although limited, although some indicators are still in the positive area, prices began to take shape under the SMA-200 and SMA-100. Bednarik was added, the movement per 4 hour chart is still bearish technical signals and must be able to penetrate above 79.70 to record continuing rise in the next few sessions. Range of support according to Bednarik, will be recorded at 79.40, 79.10 and 78.80. While the range of resistance was recorded at 79.70, 79.95 and 80.30.


Greece Wait Decision, Euro Strong

EUR / USD is under a high level last night but still remain strong after Greece reported almost reached agreement on reduction of austerity measures taken two years to encourage the exchange, according to HiFX senior trader Stuart Ive. With the lack of data for the Asian market, the market's focus today on a conference call by EU finance ministers today, he said.

"All the attention focused on whatever results come out for Greece and the markets are expecting Greece gets extension for two years." While the U.S. market will be re-opened after being closed for two days due to the storm Sandy. This news will be a guide for the movement of EUR / USD next. Euro at 1.2960 with support level at 1.2925 and the resistance level at 1.3000.

Reluctant to Hold Euro market

The market is still feeling the impact of the storm Sandy in U.S. session, with the stock exchanges in New York and the As bond markets are still not support to build any momentum for the euro, which was trading just above the 1.2950, ​​from a low of 1.2885 earlier in the day. While the numbers are still not a certainty 1:30 in the market. From the fundamental side, the trade has not found a compelling reason to move to buy euros or U.S. dollars, and the focus turned to a meeting of European finance ministers in Europe, with the subject of the additional time for Greece as much as 2 years and the prospect of aid for Greece.

While the expectations of the potential for Spain to be asking for help is still low. FXWW Founder, Sean Lee, noted that Euro look began bullish: "This year, the Euro is still technically bearish, while the MA-50 days have met with MA-200 days and the Euro have a bearish trend for the next 12 months. Now we see a potential change in direction (bullish) and will probably have an impact significant if the managers of large funds out of a long-term short positions ".

Aussie Back Flat This Week, Above 1.0350

Aussie back in the closing week against the U.S. dollar, was last seen at 1.0373, recovering from a low in the weekly Monday movement when reaching a daily low at 1.0326 doubles. Aussie continues to hold its gains yesterday during the London session at 1.0383 high ahead of the U.S. market for termination storm Sandy. Even important today for Aussie building approvals are still in the data, the estimated positive.

According to Valeria Bednarik, Chief Analyst at FXstreet.com, Aussie still retains a short-term bullish signal from the movement of the hourly chart, the indicator is still in the positive area, and SMA-20 moves up and offers a dynamic support near current levels. He continued: "In the movement per 4 hours, price range still holds: Aussie is still stuck in a range of 100 pips flat area near the SMA-20, while some indicators remaining in a neutral area. Aussie may be strengthened if breached resistance level 1.0410 and successfully move into it ". Bednarik says a range of support at 1.0360, 1.0330 and 1.0300. While the range of resistance was recorded at 1.0380, 1.0410 and 1.0445.
 

Starting seen Bullish Euro, Yen Back Pre-BoJ, Aussie close range

Starting seen Bullish Euro, Yen Back Pre-BoJ, Aussie close range. Thin strengthening Euro notes in general, as a result of the adjustment position traders and technical buying some action. Yen returned to levels before the release of the BoJ and the Aussie is still in the range ahead of next week's RBA meeting.


EUR / GBP and EUR / AUD is also worth a watch-movement of the currency pair when the two are trying to establish a pattern of short-term. The existence of risk appetite lure them to move up from current levels. The movement of the end of the month will usually buy a lot of fishing action that is strong enough for the EUR / GBP during the European trading session.


EUR / JPY has also recovered after the stimulus measures taken BoJ. Potency testing of this currency pair stands at 104.80. Consolidates below 80.00 yen figures and probably will seek to strengthen during the market continues to take action to buy, according to an analysis of Prime Brokers. Range for the yen will likely be 78.50/80.25 for several days or several weeks ahead with some selling that may be emerging.


Aussie is still within the scope of the range in the market, where the market seems likely to be on the waiting Aussie lower level first. In general, the movement of the Aussie is still bearish and this will likely continue in the 1.03/1.04 range for this week. Economic data from New Zealand and Australia may not have a significant impact on the movement of the Aussie.


Powered Hang Seng ICBC


Hong Kong stocks moved up in early trade, with earnings reports from Industrial & Commercial Bank of China Ltd., which helped the index, although stocks PetroChina Co. and Aluminum Corp. of China Ltd. dropped following their earnings reports. The Hang Seng Index rose 0.5% to 21,536.85 and the Hang Seng China rose 0.5% to 10.509.30. ICBC shares rose 1.6% after China's largest bank was posted a quarterly profit of 15%.

Its also posted a gain after earnings release, shares of Ping An Insurance Group Co. rose 1%, Air China Ltd. rose 0.4% and China Railway Group Ltd. rose 3%. But shares of energy producers (oil) it moves weaken, PetroChina fell 2.4% after reporting a profit fall, while Aluminum Corp. also experienced a fall of as much as 0.9%. The Shanghai Composite Index fell 0.3% to 2,056.85.

Solid Gold Joint Stock and Oil - Fundamental Forex News Of Today

Solid gold prices on Tuesday as stock markets rallied and the dollar weakened, but gains limited as New York Stock Exchange was still closed due to Hurricane Sandy and ahead of key U.S. employment data this week. Gold has the support of strengthening European stock markets, which are driven by good earnings reports from BP and UBS, and the euro after data showed the Spanish economy contracted at a slightly slower behavior than forecast in September.

However gold is still leading the biggest monthly drop since May as a boost up from the current stimulus program from the Federal Reserve began to fade. As an extension of stimulus-related programs by the health of the labor market, data non-farm payrolls will probably have a major impact. Peter Fertig, consultant at Quantitative Commodity Research, said the unemployment rate inherent in high levels in the U.S. indicates that monetary easing will not end any time soon, indicating that the gold price is quite supported. "The unemployment rate is not at the level of the Fed comfortable."

Oil falls towards $ 85 Per Barrel

Crude oil prices fell toward $ 85 a barrel level on Tuesday in concerns over weak demand from the U.S. East Coast after the storm passes at Sandy area refineries shut, roads, and airports. Like this which is one of the biggest storms that hit the U.S. shut down two-thirds of the state refineries, pipelines largest, and most ports.

Sandy crippled most parts of the East Coast, closing the air, shipping, railways and even toll roads and cutting off power to more than 2.8 million homes and businesses. Initial reports indicate the refinery in Philadelphia seems not damaged by the storm and the nearby small factories operate without problems. But investors are waiting for a report on the damage to the oil terminal network, pipelines and transport facilities in the region to suppress supply.

Earnings, Italian Bond Auctions Lift European stocks

European stocks closed higher on Tuesday after positive earnings reports and a successful bond auction in Italy. Oil giant BP shares closed up more than 4% after the release of third-quarter earnings above estimates. Swiss Bank UBS released second-quarter earnings results and confirmed it will lay off about 10,000 workers; shares also closed up.

At the auction on Tuesday, the Italian government sold bonds worth 7 billion euros in the tenor of 5 years and 10 years. The yield fell to its lowest level since May 2011, with the yield on 10-year bonds at 4.92%. This happened in spite of the former threat of former Prime Minister Silvio Berlusconi to overthrow the government on Saturday.

Spanish GDP Try Recover Euro - Fundamental Forex News of Today

Spanish GDP Try Recover Euro. The euro turned higher against the U.S. dollar on Tuesday after data showed the Spanish economy contracted less than expected in the 3rd quarter. The success Italian bond auction in 5 and 10-year-old also helped boost the performance of Euro. But still the closure of the U.S. market due to hit one of the biggest storm in 27 years to make trading conditions persisted with volume lighter than usual.

"The data are not as bad as Spanish GDP expectations have fueled some speculative buying euro / dollar," said Paul Bednarczyk, head of research at 4CAST in London. While economists Cortal Consors in Madrid found any indication of rising Spanish GDP was only a "mirage". Strengthening Euro also appears likely to be limited by concerns about Greece's new austerity measures agreement, and the uncertainty about when Spain will ask for a bailout.

Lulled Sterling CBI Reports

Pound was able to rebound against the U.S. dollar on Tuesday after the release of the results of a survey showed UK retail sales were higher than expected in October. Confederation of British Industry report showed a surprise in balance with October retail sales jumped to +30 from +6 in September, far beyond the expectations of +7. With last week's data also showed the success of the UK economy emerged from recession in the third quarter, making the market more convinced if the Bank of England still will refrain from increasing its asset purchase in its policy meeting next week.

"Sterling potentially retest the $ 1.63 if the BoE QE does not increase," said Kathleen Brooks, research director at FOREX.com.

Data consumer credit, mortgage and retail sales CBI has provided the British economy a brighter, although still remaining concerns that the UK economy was helped only temporarily as a result of the London Olympics.

Ignore Yen BoJ Policy

The yen has appreciated versus the U.S. dollar after monetary easing measures from the Bank of Japan failed to meet the expectations of investors. BoJ on Tuesday has decided to increase monetary stimulus at ¥ 11 trillion ($ 138.5 billion). Sandy tropical storm that hit the east coast of the United States also helped drive demand for the yen as a safe haven.

"The announcement of the BoJ easing policy has disappointed the market, the sinking dollar / yen to under the 79.50 level," said Boris Schlossberg, he is a director of foreign exchange strategy be manager at BK Asset Management in New York. "Most traders had hoped if Japanese policy makers can increase stimulus in larger quantities."

Meanwhile, government data released on Tuesday showed Japan's industrial production fell 4.1% in September from the previous month, the biggest drop since the devastating earth. After this fundamental forex news of today analisis, we can predicted how strong that currency of the state. Then you can shoot the market without confuse more, be profit with our. succes !