Mar 16

Technical Analysis

EUR/USD Analysis-July 04,2011

EUR/USD Intraday Analysis - July 4, 2011: 1.4671 Masihkah Able To Level? Correction Alert ...

GBP/USD Analysis-July 04,2011

GBP/USD Intraday Analysis - July 4, 2011: Testing the 1.6185 level, Alert Occurs Correctio...

USD/JPY Analysis-July 04,2011

USD/JPY Intraday Analysis - July 4, 2011: Testing Level 81.27 Yesterday: Open 80.59 High 8...

AUD/USD Analysis-July 04,2011

AUD / USD Intraday Analysis - July 4, 2011: Testing the 1.0872 level, Alert Occurs Correct...

USD/CHF Analysis-July 04,2011

USD / CHF Intraday Analysis - July 4, 2011: Testing Level 0.8389 Yesterday: Open 0.8414 Hi...

Fundamental Analysis

Euro Strengthens Related Speculation ECB

The euro rose 0.3% related to three weeks against the dollar on speculation European Centr...

Euro Falls From Highest Level After 1 Mo

The euro slipped from the level of one-month highs against the dollar after Standard &...

Australian Retail Sales Down 0.6 Percent

Retail sales data (retail sales) Australia showed a decline of 0.6 percent in May compared...

Australian Building Approvals sales drop

The total number of building permits (building approvals) in Australia dropped 7.9 percent...

RBA Back Maintain Interest Rates 4.75 Percent

Central Bank of Australia (RBA) today (3 / 5) decided to maintain interest rates at 4.75 percent level. Thus, the RBA has a record six consecutive months to maintain interest rates at that level.

The decision was in line with that anticipated by economists and market participants in advance.

In a statement accompanying the announcement of interest rates, RBA Governor Glenn Stevens said that recent inflation data showed the effects of declining production due to floods and Cyclone Yasi. Stevens added that the RBA predicts inflation will approach the target level within a year along with the reduced pressure of rising prices due to factors that are temporary.

Japan's Service Sector Activity Still Weak in June

For the fifth consecutive month, the Japanese private sector activity declined again in June. Japan's service sector activity index Markit Economics, released today (5 / 7) rose to 45.4 from 43.8 in May before.

The index number below 50 indicates terkontraksinya service sector in Japan.

Meanwhile, the composite output index that includes activities in both manufacturing and services sector, rose to a four-month to 47.6 in June from 46.2 in May.

The low activity of the service sector reflects a further decline in new business during the month of June. Number of employees in Japan's service sector continued to decline, although the lowest calculated rate of decline since January.

China's Private Sector Growth Slows in June
Tuesday, 05 July 2011 06:28

China's private sector growth slowed in June, as shown by survey results from Markit Economics, HSBC published today (5 / 7). HSBC composite output index in June fell from 52.8 in May to 51.6 for June.

The index number in June was recorded as yhang lowest in 27 months. Even so, the index numbers are still above 50 indicates that the Chinese private sector is still in expansionary territory (growth).

The decline in the growth of income primarily reflects the decline in manufacturing output for the first time in nearly a year. Conversely, service sector index numbers fairly solid with 54.1 in June.

Market Highlights July 5, 2011: Standard & Poor's Rating Cut Threatens Greek, Euro corrected
Tuesday, 05 July 2011 06:23

The euro slid in trading Monday (4/7) triggered by Standard & Poor's statement on Greece's debt. Standard & Poor's yesterday said that if Greece accepted the French proposal to voluntarily change the way of raising funds by involving private sector, Greece's credit rating will be downgraded to "selective default" under the criteria of the rating agencies.

Standard & Poor's considers that the Greek bond rollover plan would be tantamount to default (default). Banking France, Greece's largest holder of debt securities, which have been proposed bonds maturing reinvested in new bonds with longer durations. This proposal is supported by Germany, holder of debt securities to the two largest Greek and European Central Bank (ECB).

Statement of Standard & Poor's is shaking the market fairly thin trading volume due to the Independence Day holiday commemorates U.S. and disperse the positive momentum established since the Euro zone finance ministers mensepakati bailout package worth 12 billion euros last week. 12 billion euro bailout is a continuation of the scheme first aid fund worth 110 billion, which until last March, a new 53 billion euros disbursed.

Euro Strengthens Related Speculation ECB's monetary tightening
Tuesday, 05 July 2011 06:21

The euro rose 0.3% related to three weeks against the dollar on speculation European Central Bank (ECB) will continue to lead the U.S. counterpart to monetary tightening.

The euro was 0.2% of the highest four-week high against the yen related to the prospect that the ECB will raise interest rates on 7. According to 54 economists surveyed by Bloomberg, ECB on July 7, will increase the benchmark interest rate to 1.5% from 1.25%.

The euro traded at around $ 1.4537 at 9:03 am in Tokyo from $ 1.4539 in New York yesterday, when it reached $ 1.4578 yesterday, its highest level since June 9. The currency was at 117.53 yen from 117.47 range. Touched 117.74 yen yesterday, the strongest since June 8. Dollar up 80.85 yen from 80.80. Meanwhile, the U.S. financial markets closed on Monday related to the Independence Day holiday.