Important Things Before the Open Market

• AUD has slipped back against the U.S. dollar in the early session of the Asia-Pacific region Friday earlier closure area above 1.04, last at 1.0354, off a session today at 1.0341, related to concerns from Cyprus. After falling in, it seems buying players start popping dare to catch a falling EUR prices during the European session. The euro itself has penetrated the 1:29 area just to survive near the area.

• The majority of today's Asian bourses fell due to appear in a massive sell-off risky assets after a decision euro zone to force the depositors in the country Cyprus to contribute to the bailout, triggering fears that direct transmission of the problem to other countries in the region .

• U.S. Crude Oil contract moved down more than $ 1 per barrel in early Asian trading session on Monday, hit by a stronger U.S. dollar.

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Kospi Continue Correction, Induced Yen

South Korea again relegated to the negative zone in trading Tuesday (12/3) is mainly due to the weakening yen that continues to worry for exporters of ginseng country to compete in the global marketplace.

The automobile sector has been weakened in recent days due to the won continues to struggle to compete with the apparent rate of speed of depreciation of the yen. The Japanese currency has lost nearly 9 percent against the Korean won since the beginning of 2013, and gave Japanese exporters greater profitability than rivals in Korea.

Some big names still appeared strong automotive giant in today's trading as Hyundai Motor, which rose about 1 percent and Kia Motors is still slightly higher around 0.7 percent. Recorded Kopsi index fell -0.28% or -5.59 points at 1997.99 area, while the Kospi index futures slumped -0.95 participate in the range of 263.75 points.

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BoJ Governor Candidate Says No Need to Change Target Inflation

 
Candidate for Governor of the Bank of Japan (Bank of Japan/BoJ), Haruhiko Kuroda said the government does not need to change the inflation target of 2 percent or setting a target for consumer prices, excluding food and energy.

"Target price BoJ is currently focused on core prices, which exclude fresh food and energy costs," said the man aged 68, who decided to resign as president of the Asian Development Bank (ADB), as reported by Reuters on Monday (3/11/2013).

While the core of the Japanese consumer price excluding food and energy, similar to the size of the core consumer price used the United States.

As is known, Kuroda is a proponent of aggressive monetary easing. He often spoke to lawmakers in the upper house should be the policy of the central bank. Prime Minister Shinzo Abe hoped, a former top diplomat was doing radical easing now in control of the BoJ to end a nearly two-decade deflationary Japanese twist.

Meanwhile, Japan's machinery orders fell 13 percent in January 2013, the largest decline in eight months. This result is a signal to the upper limit of the company's investment business encourages Prime Minister Shinzo Abe's economic revival.

Japan returned to growth in the fourth quarter as the yen began to slide, strengthening Abe campaign to end 15 years of deflation and revive the third largest economy in the world.

"Going forward, we expect accelerating consumption, housing and public investment," Devalier said, as quoted by Bloomberg, on Monday (11/03/2013).

"But given the trend of exports is weak, it will take more time before we see a business environment driven by pelamahan yen and increased optimism producers translates into strong corporate investment," he added.

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Abundant supplies, Oil prices fell

Oil prices moved down in the Asian trading session. The flood of U.S. oil inventories helped weigh on the development of macro-economic outlook in the country with the world's biggest economy, obviously trader based in Singapore.

Release employment data on Friday (08/03) shows the number of workers increased 236 000 in February, compared with economists' expectations of 160,000. Another factor that allegedly helped depress prices is China economic data releases on the weekend that showed declining retail sales and industrial output, obviously trader.

Nymex crude oil futures to trade in a range of $ 90 - $ 93/barrel in the coming sessions. April Nymex crude oil futures contract fell 22 cents to $ 91.73/barrel. Brent crude fell 38 cents to $ 110.47/barrel.

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Yen above 96, Nikkei Lead Asia's Rally

Nikkei - Japan again led the rally in Asian trade earlier in the week (11/3) thanks again helped by a weaker yen which is now increasingly weakened in the range of 96 to the U.S. dollar (USD).

The headline Nikkei index observed to move in the area of ​​12392.81 or achieve a gain of +109.19 points after opening at 12363.09 level and shot up to a high of 12399.76. While the Yen is now perched at around 96.13 after the level dropped to 96.25 per dollar.

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Gold Weakens After U.S. Jobs Data Release

Gold futures moved down on Monday while U.S. employment sector data released on estimates positively impact economic growth prospects, and depressed safe-haven buying, despite the central bank is expected to continue to lift the economy in tahumn 2013.

Policy easing from the Federal Reserve has brought gold to a record high in recent years, as investors try to cope with high inflation estimates related to the printing of money the U.S. central bank.

Contract Spot gold fell 0.1% to $ 1,576.04 an ounce, recovering from a low for 2 weeks at the $ 1,560.80 in the previous session. U.S. gold futures fell 0.1% to $ 1,575.40.

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Kospi eroded weaker yen

 

He began trading earlier this week (Monday, 11/3) among exporters Korea - South re-injured by the impact of the weakening of the yen - Japanese for Korean and Japanese exporters face to face in competition in some markets.

In addition, the weakening Kospi - South Korea today also due to concerns about inflation in China increased significantly in February, although the data of industrial output and retail sales shrank. China's inflation surge was confirmed that the Chinese authorities need to take policy measures to dampen prices through monetary tightening, which would impact on the shrinkage of economic growth.

Since the beginning of the year, South Korea's automobile sector has been hit hard by the impact of the weakening yen, and today the sector again suffered after the yen dropped back to the level of 96.25 against the U.S. dollar Recorded Kia Motors Corp. stock. fallen to 1.8% and Hyundai Motor Co. dropped to 2.6%.

The major indexes tracked Kospi fell -0.15% or -2.17 points at 2003.60 area, while the Kospi futures down -0.70 points share in the range of 264.30.

 

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