Welcome to another week of financial trading! The word on the US market is that liquidity will stay abundant; cash injection will continue; tapering will be postponed; otherwise, business as usual. President Obama has promoted the candidacy of the new chairman of FED to replace the notorious Bernanke by the coming January, which means that there might be a couple of fresh perspectives presented to US economy before the next technical default. Expect for an increased volatility on USD charts from Tuesday to Thursday with the publishing of a combination of core US indices through the mid-week. China keeps on showing proof of prompt economic growth by refraining from injecting funds into the banking system and a consistent GDP increase. Consequently, it is becoming even a more lucrative target for the US aggressive investment strategies. Per say, Blackstone Group LP – the biggest private investment firm - is now looking at Asian region as one of the “major direction for long-term investment”. Expect currency price fluctuations in CNY of Friday with the publishing of manufacturing indexes. Japan, similarly to China, viewed as a strong emerging economy, will release its household spending indexes today and industrial production indexes on Tuesday and most importantly there will be Bank of Japans press conference on Thursday. This might be big for the JYP. The European Union’s statistics office in Luxembourg will publish euro-area labor data at 11 a.m. on Oct. 31. The overall thought is that the future of the Euro area will not be decided in Paris or Berlin - it will be decided in Rome, Athens and Madrid – the biggest threats to the region’s economic stability through obscene unemployment rates. This week Wednesday will be most packed with Euro-relevant events, such as the Union’s business climate survey results release, Spanish GDP measurements and 10-Year bond auctions in Italy and Germany. Australia’s budget position deteriorates since September government elections. Budget surplus pledge were abandoned back in December as revenue failed to meet projections and now Abbott’s government on Oct. 22 announced plans to raise the nation’s debt ceiling to A$500 billion from A$300 billion. Expect price shift on AUD charts late Wednesday with the publishing of Import and Export prices and private sector credit issued to consumers and businesses.
Posted on: Mon, 28 Oct 2013 10:53:03 +0000
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