Forex Asia

by admin on August 31st, 2009

index of the Tokyo Stock Exchange Nikkei (Nikkei) fell 41.61 points (-0.40%) and closed at 10492.53. Yield of 10-year Japanese government bonds is 1.305 (no change compared with the previous closure). Index of the Hong Kong Stock Exchange Haeng Seng (Hang Seng) fell 363.91 points (-1.81%) and is located at 19734.71.

Currency

dollar /yen fell on the Asian session to the level of 92.53, a minimum of 13 July. Pressure rate had investors selling riskier instruments and buying yen. This was facilitated by the fall of stock indices, in particular, in China, where stock index in Shanghai fell by more than 5%.

the market say that the certainty of the results of parliamentary elections in Japan has also provided some support for the yen. The fall of the dollar /yen has been strengthened by triggering stop orders to sell dollars below the level of 93.00.

volume of trading in the forex market is relatively low, which is associated with long weekends in the UK.

Yesterday, parliamentary elections were held in Japan. As expected, the victory they won, the opposition Democratic Party of Japan.

preliminary value of the index of industrial production (Industrial production) in Japan for July, 1.9% for the month, -22.9% for the year (the previous value of 2.3% per month, -23.5% per year). Production growth has been observed for the fifth consecutive month.

index of retail sales (Retail sales) in Japan for July -2.5% per year (the previous value of -3.0% per year).

index of housing starts (Housing starts) in Japan for July -32.1% per year (the previous value of -32.4% per year). Index of orders for construction (Construction orders) in Japan for July -42.8% per year (the previous value of -28.0% per year).

Today in the UK the day off. Consequently, the financial market in the country will be closed.

Today is scheduled for release the following data:

at 08:00 GMT - an index of retail sales (Retail sales) in Italy in June (the previous value of 0.0% for the month, -2.9% per year);

at 09:00 GMT - preliminary value of the consumer price index (CPI) in Italy in August (the previous value of 0.0% per month, 0.0% per year);

at 09:00 GMT - preliminary value of the consumer price index (Harmonized CPI) in Europe (16) for August (the previous value of -0.6% per year);

at 13:45 GMT - an index of business activity of the Managers Association of Chicago (Chicago PMI) in the U.S. in August (forecast 47.5, the previous value of 43.4).

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