Fundamental News-Wednesday, January 27, 2010

Australian consumer prices rose more than expected by some economists, pushing the local currency strengthened against the AUD USD and also increase bets the central bank will raise interest rates early next week.
Value of CPI q / q, which was released at 7:30* o'clock this morning yange of 0.5% is above the market prediction value of 0.4%.
"I believe, the central bank would RBA will raise interest rates later in early February," said Justin, chief economist at St. George Bank Ltd. in Sydney. "We do not really need low interest rates".
When this news was released, the value of AUD to 90.40 cents. Investors bet there are 68 percent chance that the RBA will raise interest rates to as low as 4% on February 2 next.
135,700 workers have been added in the four months to December, the biggest since 2006, pushing the unemployment rate fell to 5.5%.
The International Monetary Fund said yesterday that Australia's gross domestic product will rise to 2.5 percent this year and 3 percent in 2011. In October Ausi GDP is predicted to reach 2 percent.
Westpac Banking Corp. said today rose to 7.6 percent annual rate, the fastest expansion since November 2007.

Preview news fundamental today:
18:00 pm*
CBI Realized Sales Value of the UK is predicted to fall from 13 to 11.

22:00 pm*
Value U.S. New Home Sales is predicted to rise from 355K to 372K.

Belajarforex.com predicts the currency will remain strong CAD today against all currencies, except against the Yen. The crisis has made Yen & USD into the main sanctuary at the moment.

Predicted price movements based on technical observations at 10:49 pm:*

GBPUSD: 1.6000 - 1.6175 (trend down)

EURUSD: 1.3900 - 1.4145 (trend down)

AUDUSD: 0.8900 - 0.9075 (trend down)

NZDUSD: 0.7000 - 0.7135 (trend down)

USDCAD: 1.0585 - 1.0740 (trend up)

USDCHF: 1.0415 - 1.0555 (trend up)

USDJPY: 88.00 - 89.65 (trend down)

NZDJPY: 62.00 - 63.75 (trend down)

AUDJPY: 79.00 - 81.35 (trend down)

EURJPY: 124.00 - 126.85 (trend down)

GBPJPY: 142.00 - 145.55 (trend down)

EURGBP: 0.8675 - 0.8785 (trend up)


*time GMT+7 (Indonesia -WIB-)

-HAPPY TRADING-