Posts Tagged ‘Asian Stock’
Forex Fundamental Analysis – Yen Awakens During Asian Session
Wednesday, November 11th, 2009Yen Awakens During Asian Session
Overall, the major currency pairs were trading in tight ranges as the Asian session begins. The only exception would be the yen which has finally broken below the low of the previous two days after consolidating. Consumer sentiment in Australia has been shown to have declined 2.5 percent while core machinery orders from Japan has jumped 10.5 percent.
The euro (Eur/Usd 1.5002) is bouncing off the neutral swing point at 1.4980 during the Asian session. The pair is coming upon the R1 level which is also near the high of the previous day which will act as resistance before the pair hits major resistance at the 1.5060 area.
Forex Trading – U.S. Reversal Holding During Asian Session
Tuesday, September 15th, 2009U.S. Reversal Holding During Asian Session
Overall, Forex Market trade desks in the U.S. session and the Asian desks seem all too happy to continue that trend during the session. It will be interesting to see what happens in the following European and U.S. sessions. A report released from RICS showed that house prices in the U.K. continued to rise in August.
The euro (Eur/Usd 1.4636) has found some strength during the Asian session for the second time. The pair is running into near term resistance at the 1.4650 level which was also the high of the previous day.
The pound (Gbp/Usd 1.6621) has strengthened by 31 pips or 0.19 percent in the early Asian session. The pair is finding intermediate resistance at the 1.6629 level which also acted as resistance during the previous session. Should this strength continue the pair will find more resistance at the 1.6740 area while the 20 and 50 day moving averages at 1.6420 and 1.6468 respectively, will provide support. (more…)
Forex Fundamental Analysis – Where the Market Will Go?
Tuesday, September 1st, 2009As you might recall from several weeks ago, I spoke of the Chinese selling off some of their US treasuries and diverting that money to support their commodity purchases.
This tactic is proving to be detrimental to the short term stability of the Chinese economy, as with the information on the stock exchange shows that industry is not moving, which means the metals and durable goods they’re buying are sitting in warehouses, instead of feeding the economic machine. (more…)
Forex Market News – Australian Dollar Rises, Remains Closely Correlated with Stocks
Tuesday, August 25th, 2009The performance of the Australian Dollar over the last six months has been nothing short of incredible: “Since the end of February, the Australian dollar has risen 29% versus the U.S. Dollar,” and a still-impressive 18% if you turn back to January, while the Aussie was still in free-fall. (more…)
Boosting Deflation Risk, Euro Zone Consumer Prices Shrink (Euro Open)
Saturday, August 1st, 2009The Euro may see selling pressure emerge in the coming session as the Euro Zone Consumer Price Index shows that inflation fell for the second consecutive month in July, stoking risks of deflation that could commit the currency bloc to a long-term period of economic stagnation.
Key Overnight Developments……. (more…)
