Fundamental News-Thursday, February 4, 2010

Stocks and Asian currencies fell this morning - this afternoon because of the economic recovery may be slipping after Australian retail sales falling and the unemployment rate of New Zealand to the highest level in more than 10 years. The MSCI Asia Pacific Index fell 0.8 percent to 117.62 levels at 12:40 in Tokyo. Australian dollar fell to a six-week low, New Zealand's currency slid to the weakest since September, and South Korea for the first time in three days. Standard & Poor's 500 Index futures fell 0.1 percent. 

Decrease Retail Sales m / m -0.7% Ausi reached when released in the morning at 07.30 pm and New Zealand Unemployment Rate reached 7.3% or higher than analyst predictions of 6.8%.

"The market is optimistic, only marred by unemployment data and dropnya Kiwi Ausi retail," said Scott Lim, who helps oversee $ 670 million fund clients. Lim is now serving as chief executive officer of MIDF Amanah Asset Management Bhd. in Kuala Lumpur. "This will be a difficult year, a calculation in which we go to a pitiful era". 

Japan's Nikkei 225 Stock Average fell 0.6 percent and Hong Kong's Hang Seng Index fell 1 percent. Australia's S & P / ASX 200 Index slipped 0.7 percent. BHP Billiton Ltd., the stock fell 1.7 percent to A $ 40.80. Rio Tinto Ltd, the third largest mining company of the world, fell 2.5 percent to A $ 70.19. 

Value of Toyota Motor Corp. shares fell 4.1 percent to ¥ 3260 after a report by Bloomberg News about the orders from the Japanese government ordered an investigation of the brake problem. Outside of Japan, nearly 8 million vehicles Toyota has been brought back to fix the brakes. Rival Honda Motor Co. rose 2.1 percent to ¥ 3205 because of increased profit due to the weaker yen. Predicted, Honda will achieve a profit of 71% this year. 

Australian dollar fell 0.2 percent to 88.17 U.S. cents, while the New Zealand dollar dropped as low as 69.68 U.S. cents. Won fell 0.4 percent to 1,153.52 per dollar. 

"Remain mixed signals about the strength of economic recovery," said Tim Schroeders, who helps manage $ 1.1 billion in Pengana Capital Ltd. in Melbourne. "A tug of war is likely to occur between the fundamental and liquidity at this time." 

The dollar rose to as high as $ 1.3867 per euro in Tokyo from $ 1.3893 in New York yesterday. 

The price of copper for delivery in three months rose 0.6 percent to $ 6631 per metric ton after sliding 3.3 percent yesterday. Metals used in homes, cars and equipment decreased to $ 6525 per ton yesterday, aluminum rose 0.5 percent to $ 2,093.75 per ton. 

Crude oil traded near $ 77 a barrel in New York after the U.S. Energy Department reported an increase in inventories as leluasannya problems in the U.S. oil reserves. Crude oil for April delivery traded at $ 76.80 per barrel, down 18 cents, in electronic trading on the New York Mercantile Exchange. 

Preview fundamental news today: 

16:00 pm *

Value Halifax HPI m / m UK is predicted to fall from 1.0% to 0.9%. 

19:00 pm *

BoE will announce interest rate figure is still 0.50%. This will affect the GBP currency. 

19:45 pm *

ECB will announce interest rate figure is still 1.00%. This will affect the Euro currency. 

20:30 pm: *

Value of Building Permits m / m Canada is predicted to rise from -4.6% to 2.7%. 

It will also be a meeting of the ECB Press Conference that will affect the Euro currency. 

Will also be released value U.S. Unemployment Claims is predicted to fall from 470K to 461K. 

22:00 pm *

Canadian Ivey PMI value is predicted to rise from 48.4 to 52.3 

we predicted would weaken the value of all other exchange partners today, except the yen. 

Predicted price movements based on technical observations at 11:48 pm:* 

GBPUSD: 1.5840 - 1.6020 (trend up) 

EURUSD: 1.3840 - 1.4015 (trend up) 

AUDUSD: 0.8750 - 0.8875 (trend up) 

NZDUSD: 0.6930 - 0.7065 (trend up) 

USDCAD: 1.0500 - 1.0645 (trend down) 

USDCHF: 1.0500 - 1.0645 (trend down) 

USDJPY: 90.40 - 91.45 (trend up) 

NZDJPY: 63.00 - 64.85 (trend up) 

AUDJPY: 79.50 - 80.85 (trend up) 

EURJPY: 125.65 - 127.45 (trend up) 

GBPJPY: 144.00 - 145.45 (trend up) 

EURGBP: 0.8685 - 0.8765 (trend up)

*time GMT +7 (Indonesia WIB)

-HAPPY TRADING-