Expectations decrease RBA Interest Rate Reduced Reference

At the end of last week, the Aussie managed to record the strongest weekly gain in 6-months ahead of the release of the meeting minutes Reserve Bank of Australia on 19 March that might provide clues about why the policy makers to keep interest rates unchanged for the 3rd time in a row.

While the data surge biggest job in 13 years, seen in the data on Thursday, has forced traders to trim expectations for RBA rate cuts.

'Expectations RBA rate cuts have reduced quite substantially, leading to a strong rebound in Aussie. I think the RBA will be more cautious, they do not want to lower interest rates too far and too fast. "Said Derek Mumford, a director at Rochford Capital in Sydney.

Data this week's data to be released from this kangaroo country is New Motor Vehicle Sales and Monetary Policy Meeting Minutes.

When this news was revealed, the AUD / USD traded higher at 1.0374 the highest price.

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Bank of Cyprus Deposit Levies Applicable Early This Week

Levies on bank deposits in Cyprus will go into effect earlier this week Monday, March 18, 2013. Where Cyprus will take immediate measures to prevent the transfer of electronic money over the weekend.

'Contribution to financial stability Cyprus, seems only to require contributions from all holders of deposits, "said Dutch Finance Minister, Jeroen Dijsselbloem, who chaired the meeting in Brussels, as reported by Reuters (16/03/2013).

In return for emergency loans, Cyprus agreed to increase the tax rate by 2.5 percentage points institutions to 12.5 percent. And this is expected to be able to increase revenue Cyprus to limit the size of the loan required from the euro zone and keeping public debt.

And Dijsselbloem said under this program, the Mediterranean island nation's debt would fall to 100 percent of economic output in 2020.

Traded over the weekend euro hit one-week highs against the U.S. dollar after data showed a lack of U.S. inflation, which will make room for the Federal Reserve to keep QE3.

The euro was also supported by the results of the meeting of European leaders, who opened the way for finance ministers to preparing a bailout package for Cyprus.

While the size of the banking sector has complicated the Cyprus problem with the ratio of deposits that reach 8x GDP. Initial assessment needs help predict Cyprus € 17 billion which € 10 billion will be used to stabilize the banking sector. It's certainly big enough load for the Cyprus economy value only reached € 18 billion.

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HangSeng kept under depressed

HangSeng kept depressed, getting closer to support at 22,367. Preference for today is bearish, especially if the support is transparent and will potentially increase the bearish pressure could suppress HangSeng to the range of 22173-21956.

Although stochastic and CCI 1 hour shows oversold indications, the strong bearish pressure is likely to reduce the possibility of a pullback today. However - if any pullback occurs - is expected to be held in the area of ​​resistance in the range of 22561-22779. Intraday bias will turn bullish only if it broke resistance at 22,779. If that happens, then there are opportunities for bullish movement to the range of 22996-23190.

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5 Important Things Coming to New York Session

JCPenney: JCPenney will get a second chance to reassure investors when the CFO Ken Hannah gave a statement at the conference retailer. Share CFDs JCPenney has plunged 20% after it reported sales fall by 30% last quarter.

 Retail Sales: The next focus will be on core U.S. retail sales report which is expected to rise at close to 0.5% in February. To worry about in the sales pace fell to 0.1%, which may reflect the negative impact of a tax increase on consumers.

 Confidence of Corporate: Also traders will measure of the confidence of the corporation in the U.S. upon its release last quarterly survey of CEOs. The survey results will be related to how much additional employment opportunities from various companies in the U.S.. Previous index hitting a 3-year cliff last fiscal worries. The investors will pay attention to opinions various related CEO upbeat U.S. employment in the last week solid. 

Budget Plan: Attention will also be focused on the release of the budget proposal from Senate Democrats for the first time in 4 years. Budget plan will be aimed to cut about $ 1.9 trillion deficit in the first decades through various program budget cuts and tax increases. Republicans in the House commented that level version of their proposal would balance the budget with a focus on spending. Various analysts estimate the budget negotiations will ultimately result in a compromise in the coming months Sequester.

 Italy & Ireland Auction: Another factor that drives the market is Italian and Irish bond auctions are quite crucial. Italian bond yields are expected to spike up, as the action of the hedge fund managers who prefer to buy Spanish bonds and selling Italian tenor term bonds as a hedge against risk aversion.

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Gold Sideways Amid Improving Data And Stimulus Speculation

Gold is moving sideways below the highest level this month in the London session as investors consider the improving economic data against speculation for additional stimulus.

Gold rose yesterday after a member of the board of the European Central Bank and the German Bundesbank chief Jens Weidman said that the ECB will maintain its stance for monetary policy accommodative "as far as it is necessary." Global equity markets yesterday 0.5% below the highest level since 2008, before the release of a report today that may showed U.S. retail sales rose last month. And investors cut their investments in the stock that traded gold headed to its lowest level in six months.

"Gold edged up in the middle of the action buy on dip and estimated the additional stimulus measures from the central bank," said Box Commodity Services Ltd.. in Mumbai today in a report. "However, the firmness of the equity markets and the withdrawal of investments in ETP will continue to weigh on gold prices."

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S & P 500 Potencially Bullish

Generally, intraday bias of the S & P 500 index movement looks on bullish condition. Technically, the stochastic indicator is in potential bullish condition. If index strengthen up and penetrate resistance at 1551.25 would have a chance to bring index move upwards towards resistance at 1556.42.

Meanwhile, be-alert if bearish signal was appear in index movement. Be-warn, if index weaken and penetrate support at 1546.77 that there is potential index will move downwards towards the next support at 1541.75.

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Dow Jones Potentially on Correction Phase, Be-warn Support at 14339

Generally, intraday bias of the Dow Jones index movement looks on bullish condition. Technically, the stochastic indicator is in potential bullish condition. If index strengthen up and penetrate resistance at 14382 would have a chance to bring index move upwards towards resistance at 14432.

Meanwhile, be-alert if bearish signal was appear in index movement. Be-warn, if index weaken and penetrate support at 1439 that there is potential index will move downwards towards the next support at 14291.

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