Release Data Limit Appreciation Aussie Gain

After the release of the NAB business confidence survey is lower than the previous data release, which is 1 for the period from February 3 in January. AUD / USD was near weekly high at the 1.0280 level. Currently Aussie at 1.0300. Exchange rate rose 0.45% in the period of one week and -1.06% for a period of one year. ASX Australia fell 0.08% while the U.S. SP500 index closed up 0.32% near a new 5-year high, the highest increase since November 2007.

From a technical perspective the hourly chart shows indicators away from overbought levels but prices were still above the trend line and is above the SMA 20, clearly Valeria Bednarik, chief analyst at Fxstreet.com. "In the 4 hours chart, the bullish movement under pressure unless the price stay above 1.0300 area. Currency appreciation is limited, "he added.

Support levels at 1.0250, 1.0220 and 1.0180, while resistance level at 1.0345.

source 

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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.

source 

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Oil Market Still Wait Data Release

Oil prices moved mix in early Asian session trading. Bearish signal derived from data from China's industry while positive sentiment coming from positive U.S. jobs data, according to Singapore-based trader.

Brent oil will move in the range of $ 109.30-$ 111/barrel related investor anxiety ahead of the market and wait for the oil from the OPEC oil inventory data from the API today (12/03) and EIA tomorrow (13/03), he explained. April Nymex crude oil futures contract rose 11 cents to 92.17/barrel. Brent fell 2 cents to $ 110.20/barrel.

source 

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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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Forex Market Hours, to know running market session

This time, I want to share to the forex market hours. This application is useful to know the session or at the market that are running, such as the Tokyo session, London, New York, Sydney.
 

How to use it:
1. Set the time zone GMT according to your zone (upper right corner)
2. In the lower right corner there is information on your zone clock
3. Figures for that column shows the clock on your zone below which no active market information.
 

Example:
I use GMT +8 then in that column shows: 

-- 16.00 - 24.00 means that an active market is LONDON.  

-- 21:00 to 05:00 means that an active market is NEW YORK.

-- Etc.

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Tutorial use ADX indicator

ADX indicator is an indicator used to measure the strength of a trend, in the ADX does not show any ovebought or oversold, did not like the RSI and Stocastic, which is indicative of an increase in ADX the stronger the trend, be it bullish or bearish.
ADX indicator comprising:

     ADX stripe (yellow line)
     The line D+ (Blue line)
     Line of D- (red line)

The figure below is a chart GBP/USD H1 time frame.
Uses ADX line itself is:

• The lines are in the area ADX 0-20 = do not take a position, because prices are still in the stage of consolidation.
•  ADX are in the line of 20-30 = Get ready to take a position, as prices begin to move in this area either Uptren or downtren. 
• The lines are in the ADX trend going 30-40 = moderate tonic, both uptren and Downtren. 
• The lines are in the ADX trend is 40-100 = STRONG, will soon come to an end (position ADX line / white circle in the image above).

While the function of the line D- and D+ are:
D+ cut from below D-, it's means signal Uptrend
D- cut from belowD +, it's means signal Downtrend
Now look at the picture below: GBP/USD time frame H1 and 15 period ADX

Note the candle that I circled, it indicates prices continue to go down and look at the ADX indicator that I circled and also intersected the D-cut D, where prices continue to move down from the top of the circle candle to the bottom and end up at the bottom dilingkaran candle , there was evident usefulness of the ADX line itself, at the very bottom of the candle circle also see ADX line that I circled near the letter X has been depleted due to the bearish trend ADX line also has been in the area of ​​40-100.

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USDJPY : Likely bullish

Time Frame D1
R3 98.51
R2 97.52
R1 96.76
Pivot 95.77
S1 95.01
S2 94.03
S3 93.27

RSI (14) 71.67

Prediction today, trend: Bullish
The above position will rise to around 98.50

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