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Market express - EUR/USD and EUR/JPY rise after short covering

Discussion in 'Diskusi Forex' started by ikonfx, Dec 17, 2010.

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  1. ikonfx

    ikonfx Banned

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    Exchange rate will be the hero of American?

    Germany has enough reason to feel dissatisfied with U.S. policy. Its economy was considered death 10 years ago.
    At that time, the German economy can not do without the high prices of commodities. When East Asia, China, Korea and other countries also produce similar products with it, few believe that Germany have a chance. But the Germans did not give up.
    The Germans substantially reduce the cost. To the French surprise, they decline the costing of the wine production. In addition, the innovative changes that they make their products depend on intellectual property rights even more, not commodities.
    With the low cost and price advantage, the German harvest an new export boom. However. But this time American want to get the question into the exchange rate. Germany, United States are facing a lot of the problems that Germany faced before, but it don’t want to renew, while they want to find a fast track by the way of currency depreciation!
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  2. ikonfx

    ikonfx Banned

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    Market Express: Thursday Asian Financial Market Overview

    0557 GMT-- Thursday Asian financial market overview: Asian stock markets were mixed. Japan’s Nikkei was flat,Australia’s S&P/ASX 200 rose 0.3%,Hong Kong’s Hang Seng index fell 0.4%, South Korea's Kospi Composite fell 0.4%, Taiwan's Taiex rose 0.3%, India's Sensex climbed 0.2%, China’s Shanghai Composite Index fell 0.1%, Singapore's Straits Times Index rose 0.2%, Indonesia shares fell 2.3%, Philippine shares fell 1.2%, shares in Thailand fell 0.6%, New Zealand's NZX-50 fell 0.1%, Malaysia's Kuala Lumpur Composite Index fell 0.8%. In foreign exchange markets, the U.S. dollars has entered into a consolidation phase during Asian trading hours after the recent strong surge, while euro has entered into a rehabilitation after the strong slump yesterday. Euro dropped dramatically after Moody's Investors Service yesterday warned that it could lower Spain's top AAA rating by one "or at most two, notches" at the end of the three-month review period. The latest quote of EUR/USD is 1.3223, Wednesday closed at 1.3210 in New York market; EUR/YEN is 111.39, yesterday was 111.35; USD/YEN is 84.22, yesterday was 84.23.
  3. ikonfx

    ikonfx Banned

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    Market Express: Thursday Asian Financial Market Overview

    0557 GMT-- Thursday Asian financial market overview: Asian stock markets were mixed. Japan’s Nikkei was flat,Australia’s S&P/ASX 200 rose 0.3%,Hong Kong’s Hang Seng index fell 0.4%, South Korea's Kospi Composite fell 0.4%, Taiwan's Taiex rose 0.3%, India's Sensex climbed 0.2%, China’s Shanghai Composite Index fell 0.1%, Singapore's Straits Times Index rose 0.2%, Indonesia shares fell 2.3%, Philippine shares fell 1.2%, shares in Thailand fell 0.6%, New Zealand's NZX-50 fell 0.1%, Malaysia's Kuala Lumpur Composite Index fell 0.8%. In foreign exchange markets, the U.S. dollars has entered into a consolidation phase during Asian trading hours after the recent strong surge, while euro has entered into a rehabilitation after the strong slump yesterday. Euro dropped dramatically after Moody's Investors Service yesterday warned that it could lower Spain's top AAA rating by one "or at most two, notches" at the end of the three-month review period. The latest quote of EUR/USD is 1.3223, Wednesday closed at 1.3210 in New York market; EUR/YEN is 111.39, yesterday was 111.35; USD/YEN is 84.22, yesterday was 84.23.
  4. ikonfx

    ikonfx Banned

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    China can use foreign currency reserve to attract short term speculative inflows into

    CHINA SECURITIES reported that Zhou Xiaochuan, governor of the People's Bank of China, stated that China can use foreign currency reserve to attract short term speculative inflows into China. Financial Times sponsored by China's central bank published a commentator's article Thursday that if RMB exchange rate is fluctuating widely, it will cause a notable impact on China’s economic and financial stability. Therefore, it is of great significance to keep RMB exchange rate basically stable at a appropriate and balanced level. CHINA SECURITIES reported that China’s primary task of monetary policy for 2011 is to maintain steady growth, and to use more quantitative-based tools to control liquidity growth, meanwhile be wary of increase in interest rate and RMB appreciation. The Melbourne Institute (MI) Survey of Consumer Inflationary Expectations for December shows the median expected inflation rate decreased to 2.8 per cent in December, from 3.1 per cent in November. Spot gold is USD1381.80 Per Ounce, increased USD2.40 from the close in New York market. January crude oil futures fell 15 cents on the New York Mercantile Exchange, to USD88.47 per barrel.
  5. ikonfx

    ikonfx Banned

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    FED WATCH:Some Economists See Makings Of Rising Inflation

    Some economists see in the November consumer price data something the Federal Reserve wants: higher underlying inflation.

    On Wednesday, the government reported that as part of its consumer price index for last month, core prices, which are stripped of food and energy factors, rose by 0.1%, matching the gain seen in the overall index. Central bankers watch core price measures most closely because they believe they mirror true inflation patterns best.

    The core CPI increase was the first in three months. For some economists, the change in the direction might be the start of something. If they are right, the Fed may be able to breathe easier, as much of its current, controversial policy of bond buying is aimed at preventing very low inflation levels from tipping over into outright deflation.

    Those who see sparks of higher prices made their case on several different fronts. UBS' economists noted that the one-year gain in core prices moved up to 0.8% in November, from a 0.6% increase in October. 'We expect a further gradual acceleration in the year-over-year rate of increase next year, to 1.4%' by the fourth quarter of 2011.
  6. ikonfx

    ikonfx Banned

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    Growing tensions on the Korean peninsula and euro-zone woes

    Market shows greatest concerns about Eurozone's sovereign debt crisis, Ireland, among which facing much financial pressure, is the focus for investors. Bearish option on euro, therefore, heats up last week.

    EU leaders reached an agreement on treaty changes to address sovereign debt issues and have established a permanent crisis mechanism for 2013, but fails to ease concern. Investors expected measures to more radically solve the Eurozone financial crisis to be announced, such as increasing the scale of European Financial Stability Facility or issuing E-bonds.

    Analyzor stated that expect for the problem of Eurozone's sovereign debt crisis, growing tensions on the Korean peninsula seem to escalating further, and tamping down the heatted up sentiments of market risk prevention, cause the trend of euro become more and more difficult. EUR/USD posted a fresh two-week low at 1.3125 during the Asian session Monday morning (Dec 20, 2010).
  7. ikonfx

    ikonfx Banned

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    Analyzor: Bearish on the daily chart of the USD/JPY, lacking buying support above 84.

    Tuesday (Dec. 21, 2010) After setting Japan's interest rates, USD/JPY fell around 83.80, and currently break of 83.64. It is forecasted that there is still a chance to test Monday (Dec. 20, 2010) low at 83.62.

    An analyzor stated that both USD/JPY daily MACD chart and KDJ index sent a bearish signal to investors. In the past three trading days, daily high and low of USD/JPY continued to drop further. Though the Dollar Index touched above 80.50 and on the strong side, USD/JPY lack buying support above 84.00.

    The analyzor stated that downside scope of USD/JPY was 83.50/60, minimum expectations are for a drop around 83.00.

    Beijing time 10:25, USD/JPY traded at 83.64/67.
  8. ikonfx

    ikonfx Banned

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    0140 GMT—EUR/USD rises after short covering, Tuesday New York sesssion closed to the lowest at 1.3073 since Dec.2, 2010.

    EUR/USD once touched another high 1.3134, and trades at 1.3129 currently.

    EUR/JPY also rises and touches a high of 110.02. Asian session morning once fell to a 3-week low of 109.55. EUR/JPY trades at 109.99 currently.

    Mizuho Corporate Bank reported that during the late global trading hours, EUR/USD might fluctuate between 1.3000-1.3150, while EUR/JPY might fluctuate between 108.80-110.20.

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