Try Mute UK Construction Fall Sterling

Try Mute UK Construction Fall Sterling. Try to reduce attenuation after construction data provide hope for the continued momentum of the economic recovery of the UK. UK construction index rose to 50.9 for the month of October; higher than the previous estimate of 49.1 and 49.5 publications. GBP / USD is now trading 1.6100, try to stay away from daily lows 1.6079. The good economic indicator confirms the expectation that the UK must not be sunk back into recession. UK has emerged from recession in the third quarter after GDP data show economic growth of 1%. With continued momentum of economic recovery, the Bank of England will probably not provide additional monetary stimulus at a meeting next week.


Again, worry Giving Euro Bailout

Amid the shades of optimism, the single currency Euro actually appear depressed below the critical level of $ 1.3 down was even against the USD after it emerged that mention Greek court ruled that pension reforms required by international creditors may be unconstitutional. It is feared to threaten the provision of aid funds (bailout) the next stage which is indispensable part of Greece. And the effect is, the news is finally brought a little selling pressure on the Euro, because in applying austerity measures seem to be increasingly difficult.

Previous Euro had appreciated by almost close to a $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite. But eventually eroded and finally trapped in a narrow range in the range of $ 1.2930an.


Action Selling Try Move Position Aussie at 1:04

Session buying interest in Asia in 1410 the number was little changed, with the Aussie who tried to test the level below which happen 1:04 when the price reaches new high at 1.0418 1-month. Movement down, potentially forming pin bar in the closing movement of 4 days in New York, following a data producer price index in Australia fell to 0.6% in the third quarter to 1.2% for the estimate and the reason for some traders to push prices RBA expectations related which will cut interest rates next week.

By Sean Lee from FXWW, the dealer said that the action of the stop will be above 1.0415 which may not be too large and may be trimmed by up selling at 1.0420/25 ". If the price continues to strengthen in the next few sessions, strong resistance is at 1.0445 (61.8% Fibonacci retracement of the fall appears 1.0629/1.0149), the upward movement following the record price for a new target in 1:05. For the movement of falling, a sell would reduce the pressure to bring prices back below 1.0389, if the price reached 1.0350.

Australia Producer Price Index Of Missed Expectations

Australia Producer Price Index Of Missed Expectations. Australia's producer prices data showed a gain of just 0.6% have in the third quarter of 2012 from the second quarter and up 1.1% from last year, according to Australian Bureau of Statistics today (02/11). Economists predict a rise 1.0% per quarter and 1.6% per year.

The increase in the index in the third quarter due to the high cost of electricity, gas and water and sewerage services and water channels. Some of the prices of agricultural products also reported a sharp rise during this period. Price increases were offset by lower fuel prices and drugs, according to the bureau statistok. The fall in fuel costs associated with the strengthening of the Australian dollar against the currencies of its trading relationships.


Jobs Data Improves chance

Data from the National Federation of Independent Business usually give you a bad economy. But a relatively small business group estimated last month measurements will improve. Changes in the average employment data per company will reach 0:02 before workers from -0.23 in September. End of October showed a reduction in employment for 4 months. Data from NFIB along with other reports, such as ADP and ISM, indicates that the labor market will improve in October than in September.

Melaba, China Shares Greet Party Congress

China Shares opened higher following the rally on Wall Street, but gains limited investor concerns ahead of the 18th party congress next week. Resistance level near Shanghai Composite index in 2150, after yesterday (01/11) closed up 1.7% at 2104.43.

"Although some economic indicators show a rise, investors still need more signals of economic stabilization," said Li Xiaoxuan, analyst at Shenyin Wanguo Securities. Official figures showed China's manufacturing activity expansion in October after contracting for two months. The Shenzhen Composite Index closed up 1.9% to 860.45.

Expect surprise U.S. data, euro 1.2940 Lean On - Fundamental forex news of today

Expect surprise U.S. data, euro 1.2940 Lean On. After moving the rally in the European session and removing reinforcement in early U.S. session, the euro traded steady current in a narrow range of 1.2930 and 1.2945. Is this just a quiet movement toward a strong movement in the market today? Risk sentiment seems to be anticipated ahead of U.S. jobs report today. Earlier in Europe, the euro moved up to 1.2982 after the employment data related to employment data raised risk appetite, but failed to consolidate and move down amid news that the cuts in funding pension reforms demanded by the Troika on Greece to secure funding is still not official .

In the short term, the market will probably be looking forward to some movement for the current session, "the 1.2880/1.2950 area as the range", said Valeria Bednarik, Chief Analyst at FXstreet.com. "The observation of short-term technical have turned neutral despite the negative lead as the price stays below the 20 SMA and indicators are under priced middle".

Euro Losing prices

Performance of the single European currency looks weak since Thursday (01/11), the euro is currently moving in the range of 1.2938-1.2950 ahead of key data U.S. Non Farm Payrolls at 19:30 pm. Ppoin currencies are under level 10 when the market opened yesterday, its weakest level this time. Currently the euro at 1.2938, up from a lower New York at 1.2928. "During this session exchange moves will be in the range 1.2880-1.2950, ​​obviously Valeria Bednarik, chief analyst at Fxstreet.com. "Judging from the short-term technical charts, price movement back negative and neutral, though still under the SMA 20 with the indicator moves below the trend midlines," he explained. "In the 4 hours chart, currency movements also look neutral."

Euro support levels at 1.2920, 1.2880, and 1.2840, while resistance levels at 1.2980 and 1.3020.

Sustainability worry about Greek Euro Reform
Euro slips versus dollar on Thursday after a Greek court to decide if the pension reforms required by international creditors may be unconstitutional. It threatens the next stage grants indispensable Athens. The Court of Auditors, which is in charge of analyzing the bill before it goes to parliament, said that measures such as increasing the retirement age by 2 years to 67 years and reduce the pension fund between 5% -10% can be contrary to the constitution.

"It brings a little selling pressure on the euro," said Fabian Eliasson, vice president of currency sales at Mizuho Corporate Bank in New York. "The efforts of the implementation of austerity measures seem to be more difficult." Previous Euro had appreciated to nearly $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite.

Yen Potentially Touch 81.00 - Fundamental Forex News os Today

Yen Potentially Touch 81.00. The yen may be moving up in the short term to 81.00, said Osamu Takashima, a currency strategist at Citibank Japan in a note. 'Global stock markets, including Europe, the U.S. and China, moving up ", he said. "Commodities, including crude oil, it still shows a downfall signal". "While the big investment funds will probably do some profit-taking from a sell near the high Yen is currently at 80.83 and the high in June at 80.63, where the demand has moved to sell," he said again. The yen is currently at 80.26.
Yen Stuck Below 80.20

In less than 1 hour ahead of the BoJ and data monetary Japan, S & P 500 closed with a gain as much as 1.09% on Thursday and the Nikkei index closed slightly below 8950, rising by 0.27%, the yen is 80.17, little changed from 8 hours. "Hourly graphs show some indicators rebound from the middle price, and prices held above MA movement that supports the movement up", said Valeria Bednarik, Chief Analyst at FXstreet.com, who later said: "although upward movement still relies on U.S. jobs data: where an existing report may provide reinforcement for the recovery Yen, with 79.20/40 area under observation ". Range of support will be recorded in 80.10, 79.70 and 79.40. While the range of 80.30 resistance will be recorded, 80.60 and 81.00.


Print 1 Month High; Aussie Translucent Above 1:04

With the release of PPI figures for the third quarter and the focus turned to the RBA's decision next week, the Aussie moves up to number 1.0412 against the USD, after the end of the trading session and one week high at 1.0419 recorded. "Strong bullish signal for the short term is still seen in the hourly chart, current price as suppress the resistance level 1.0410 and the range of height: the strengthening of stability will be seen as the price approached 1.0500 in the coming sessions", said Valeria Bednarik, Chief Analyst at FXstreet . com, adding: "If risk appetite remains strong and the U.S. data does not disappoint".


For the longer term, "the movement per 4 hour chart, a bullish signal light is still there, although technical readings are still in neutral zone", said Bednarik and explained: "fall below 1.0360 will reject any further strengthening opportunities and demonstrate the range near 1.0300 ". Analysts noted the range support at 1.0380, 1.0350 and 1.0330. With a range of resistance at 1.0410, 1.0445 and 1.0480.

Euro Shows Weakening Below 1.2950

The weak performance of the euro yesterday, the last flat yesterday for this week at 1.2945, occurs ahead of important data today in the form of NFP. Euro moves down 10 pips from the opening of the Asian session yesterday, the weakest time, a little recovered from the low in the New York session at 1.2928 figure, while the daily high stands at 1.2980. "With the expectation of movement in the current session, the range of 1.2880/1.2950 may arise", said Valeria Bednarik, Chief Analyst at FXstreet.com. "Short-term technical readings turned neutral although still negative when the price still under-20 SMA and indicators under the middle price," according to the analyst noted; repeated failures that are slowly eroding strengthening buying interest, showing that the Euro is still in a bearish run medium in a few days, the big happening this weekend ahead of the 1.2880 figure below ". Valeria noted the range support at 1.2920, 1.2880 and 1.2840. While the range of 1.2950 support will be recorded in, 1.2980 and 1.3020.

Spain-Greece Euro Still Limit Appreciation - Fundamental Forex News Of Today

Spain-Greece Euro Still Limit Appreciation. Until well into the European trading session (Thursday, 01/11) single currency Euro seems difficult to penetrate to the level of $ 1.3 important because investors are still overshadowed by worries about Spain and Greece uncertainties continue to restrict any appreciation of the product riskier assets. Even European economic data weighed on investor sentiment again today after data eurozone unemployment hit a record high 11.6%, while Greece and Spain both are above the level of 25%. Market concerns the world economy come sticking again after this morning Australian manufacturing activity and activities of American business overnight, shrinkage.

Investors' focus has now shifted to the U.S. jobs report for October (Non-farm payrolls), which according to the U.S. Department of Labor will still be released on next Friday (02/11), and the expectations will be improved from the previous month. Euro seems depressed in the range of $ 1.2944, having only reached a high of $ 1.2970 level today.


Euro Will Return In the range 1.2475 - 1.2740 - ANZ


Euro intercepted selling at 1.3020 in the European session numbers before, only to wipe out the entire gain upon closing the U.S. session, with the return movement of the time of the London session, when no solution found for Greek Euro hit back. Today, after moving steady, euro found some support in the Asian session, currently at 1.2968 from 1.2955 earlier in the session opening.

"Failure of Euro to re-test 1.3150 area (the range for 2 years at 38.2% Retracement) peak confirms an upward movement early. This should still be in the context of the downward correction in the July low at 1.2060. The euro should now move to 1.2475 (61.8% retracement) - 1.2740 (38.2%) area (50% retracement at 1.2605-10 numbers) over the next few weeks towards the rising movement in the area of ​​1.3150 - 1.3500 in the year 2013 ". Added Riddle: "closing below 1.2865 (support increases light) should trigger the next retracement to the 1.2740 area at least. The increase (rebound) sharply above 1.3020 is needed to reduce the bias current for a deeper retracement area. "


Euro Will Discover Interests Above 1.2950 Buy


After testing again yesterday highly for 7 days at 1.3019 during the London session, over 50% Fibonacci numbers 1.3140/1.2880, Euro still has not stopped moving up and moving flat today as it did yesterday, last seen at 1.2966. The euro rose for the week at 0.21%, a few minutes ahead of manufacturing data from China.

Valeria Bednarik says: "for the short term, the euro turned bearish for the short term when it opened the Asian session, at a price below 20 SMA and indicators moved into negative territory." He also noted that the movement in the 4-hour chart has turned flat in the positive area, without any further direction Verifiers. But there it follows his partner exchange, which will bring the Euro risk aversion move down today, where 1.2880 would be seen ", concluded Bednarik. Support range: 1.2950, ​​1.2920 and 1.2880. Resistance at 1.2980, 1.3020 and 1.3045.

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.