WORLD FOREX: Yen gains in exchange for the return of land and the status of Chrysler News

Yen to get back what was lost overnight, and the dollar and euro on Friday after more bad news and showed the United States in the automobile industry.

After the Wall Street Journal reported that the Ministry of Finance talks with lenders to keep the bankruptcy of Chrysler LLC was organized in a number of players dumped the yen against the euro and the dollar because it is not safe in terms of currency.

Although the foreign exchange market, which was largely a failure of the problem is the price of the car was the maker of a few players left to believe that Chrysler could avoid this result, traders said.

"A few of the players believe that Chrysler could be avoided through the Chapter 11, but this optimism carry the news" Kazuyuki Takami senior foreign exchange dealers are the Bank of Tokyo-Mitsubishi UFJ.

Concern that this development may be in conflict with the United States and the global economy, and these are sold to the dollar and the yen, driving the green at the height of the previous Y97.15 and Y97.87 euro lowest Y130.25 to Y128.93.

At 0450 GMT, the United States is the only Y97.32, while the euro Y129.19.

But traders said the Japanese unit of DaimlerChrysler profit the incident may be limited.

"News from the Wall Street Journal editorial prompted the transfer of risk" Yuji Saito, head of foreign exchange group Société Générale. "But the risk of Chapter 11 and the great price, and therefore, it is likely that the mere sale of responses Jerko knee in response to that is not anymore."

Wine, but could continue to receive at the end of the week, participants may buy the Japanese before the Golden Week holiday / Japanese in the next week, expressed concern about the events that took place in that time I lifted the currency.

"I think that the high yen and the weakness of the dollar is now in jeopardy, and the pressure from the United States, the bank expected results next week in the middle of Golden Week, and the threat of swine flu could spread, we are asking more of the risk" Yuzo Sakai, head of foreign exchange in Tokyo Company Forex & Ueda Harlow.

For these reasons, it can be difficult Y98 green rose, while the euro Y130.20 thick cover for the weekend, he says. Monday to Sunday is the day a public holiday in Japan.

Tracks the euro rising equity markets.

Currencies and commodities: The dollar fell against the euro and the yen on Wednesday after a volatile session on Wall St traders warm positive report on the housing market, while the nerves after Morgan Stanley and Boeing on the results disappointing.

Index of the dollar, which the cash against a basket of six others, fell to 86.23 at the end of the circulation of 86,483 on Tuesday.

Tension before the United States to emphasize testing, also weighed on the dollar amid growing concern that additional losses will be revealed.

The euro against the U.S. dollar in Europe and the United States stock markets of developed and increased appetite for risk. Stock markets are volatile session as investors warm, but much of the profits of the company.

Sterling fell to three weeks against the dollar to 1.4397 dollars after Finance Minister Alistair Darling said the British government is set to increase loans to record levels this year. He warned that the British economy to shrink 3.5% this year. Euro 1.7 per cent to 89.75p.

High crude settled after housing data

Crude oil rose on optimism a report on the housing market outweighed a rise in crude oil stocks.

Federal Housing Finance Agency said the one-family home increased 0.7% seasonally adjusted on a monthly basis in February, rising for the second time in a row on Monday

On the other hand, the Energy Information Administration report showed weekly and 3.9m barrels of crude oil rose in the week ending April 17. Analysts were initially in the construction of approximately 3m. Gasoline inventories rose 800,000 barrels, in spite of the expectations of a decline of 860,000 barrels. And distillate supplies rose 2.7 million barrels, while analysts had expected a fall of 1.25m barrels.

The demand for crude oil on Wednesday was slightly affected stocks and the question once again taken the lead of the stock markets and the underlying indicators for the health of the economy.

Crude oil for June delivery rose 30 cents to close at 48.85 dollars a barrel on the New York Mercantile Exchange. COMEX gold for the delivery in June of $ 9.80 to settle at 892.50 dollars an ounce (one ounce) after the results of Morgan Stanley, Boeing, disappointed traders.

Fear of the United States to emphasize the experiences also safe to buy food, according to analysts. Gold also stimulate an increase in the demand for physical, as the demand for jewelry. Copper for delivery in May marked by the third day of decline, down 2.75 percent to 2.0595 dollars per pound.

Foreks on techniques.

The atmosphere surrounding the Japanese are mixed it is time to support the government's incentives and forecast for the fight -2.0% (negative). The government, in order to reduce the optimistic forecast for the former was 0% in financial year 2009-es. This means that the fall in exports reduced the welcome sign that maybe some of the recovery in Asia. Reports say that China's exports declined only 31.5% in March (yoy) of 39.7% and 45.2% in January and consternation throughout the United States drops Febuarary respectively.In GM flooding continues - The auto giant said that term difficulties in meeting debt payments in June - which many believe is at risk of bankruptcy filed. It also increases the danger of feeling in the United States intends to May 4 from the 19 banks in Japan tests.The mixed feelings about stress is that the government supports the incentives, the battle forecast -2.0% (negative). The government, in order to reduce the optimistic forecast for the former was 0% in financial year 2009-es. This means that the fall in exports reduced the welcome sign that maybe some of the recovery in Asia. Reports say that China's exports declined only 31.5% in March (yoy) of 39.7% and 45.2% in January and Febuarary reduced price respectively.EURUSD but this appears to lead to a technical retracement and a short, but shows a strong resistance, GBPUSD 1.4600. Golden Bear at night should not be pushed to run before the initial $ 889/oz - U.S. $ 894/oz is currently trading.

Euro extends gains to improve the PMI data, equipment

LONDON, April 23 (Reuters) - Euro, on Thursday to help extend data view and the dollar rose against the yen, the euro zone economy may be the growth of emerging equity markets from the worst recession You can.

Analyst following, according to a survey of purchasing officials, fearing a decline in industrial orders, the euro zone manufacturing and service sector was the best performance in six months.

0.2% of the population of Europe was to help increase feelings. The stock DJc1 future SPc1 to save FTEU3 said Wall Street's profit, on that day, trembled before the loss.

There has been widespread in the achievement of financial stability risks in the currency markets, "Tullett Prebon G7 market economist Lena Komileva.

"There is a general perception that global growth is to achieve the stability that has been the support of the Red Cross is stronger in the euro area data," he added, "there is a lot of confidence behind it."

At 1002 GMT, the euro rose 0.5 percent against the dollar to 1.3065 dollars , after reaching its highest level at 1.3071 dollars, and by 0.8 percent against the yen to 128.44 yen .

The common currency was much higher from a low of $ 1.2885 against the dollar hit on the EBS trading system on Wednesday, which was the weakest since March 16.

Traders, however, noted that a large number of options for the end of the euro of $ 1.3000 and the dollar later in the day on Thursday may be the prevention of the husband to move away from this level.

Taiwan Apple, there is an increase of electronic

Taipei, April 23 (Reuters) - Taiwan stocks opened 0.24 in

percent on Thursday, Apple and suppliers

So, best climbing Hai Contract manufacturer

US-based company said results of Dayak market.

14.34 percentage points higher than the main TAIEX share index opened

The results for the fourth session at 5900.45.

Honey Hai is 0.76 percent, and many electronic

sub-index advanced 0.61 percent. Thomson Reuters and the completeness of the service contract, or to provide adequate services to support trade and accept no liability for the loss of the costs. News, quotes, data and other information that Thomson Reuters and personal information with third parties, including the cities of Thomson and Reuters or third-party errors can not be held responsible, errors or delays in the content or the actions taken in reliance of value .

table does not trade dollar, dollar expectations

"The feeling is that short swung to a positive attitude dollar, and the tidal wave of U.S. dollars notes, the acquisition of the international problem of the bank on the iron grip dollars to continue to purchase reflect the meaning of the United States to improve economic value, especially compared to other areas now, "Trade-Forex.com TheLFB group said. "Rather than show the title for the economic value is correct or not correct, see the table was all couples Daily Forex Charts anything on the transfer of territory Responses.

The discovery of this new map of the U.S. economic cycle may be, may, might be less attractive, could be many things, but there seems to be here. To chart the technical definition of the dollar held by each sector could Stories weak U.S. economy "In other words, prices would support the dollar rose care, and the increase for several reasons.

"The bill has already worn low on the dollar, but now the couple is already causing pain in order to defeat the bill during the period of time, while the same is the contraction period, and it seems that there is one U.S. dollars on the back at any time soon, "said the trade group.

Petroleum products and prices are stable, debt-downs and actually occupied, and sleeps with a new «Outlook look. Responses were generally that the dollar fall further from here in May, the bad news related to the reasons may be, can not, time will tell, but each one is that should not be considered weak to take ideas and the title of the noise.

Australian Producer Price Index Actual -0.4% Previous 0.6% 1.3% Expected

Legend publication: Manufacturers tendencijelno transfer higher costs to consumers as retail prices higher, so the PPI is valuable as an early indicator of inflation. "Inflation reflects the decreased purchasing power of the currency of the country, where each dollar buys fewer goods and services" TheLFB members Foreks.com team's marketing, he said. The report also provides overview of the way higher prices for raw materials from leaking through intermediaries in the final product.

Trade Desk Thoughts: Producer prices in Australia opal 0.4% percent of the first quarter of the year 2009. This is mainly due to declining prices of building construction (-1.6%), oil (-8.9%) and production of dairy products (-4.9%). This is partly offset the price increases seen in industrial machinery and equipment manufacturing (5.4%) and the production of tobacco products (12.8%). In general, in March 2009 the index rose to 4.0%.

Foreks Technical Reaction: The Australian dollar has been exempted from the new trading week, and further weakening of the release. The couple lost 85 pips azijskoj from the beginning of the session, and U. S. future and further weakens the party can continue to move lower.

Less than 1 month in Europe, concern for the ECB to deepen Kabul falls.

Euro has fallen compared with 10 of the 16 most active currencies after a member of the Executive Council of the European Central Bank of Lorenzo Bini Smaghi said world-record 1 / 25 percent interest rate is "very close" on location, reported Financial Times Deutschland. Two members of the Security Council that last week supported by less than 1 per cent. Indeks dollar approached its highest level for three weeks of speculation about the existence in the U.S. in today's report shows the scale of the economy improved.

"Investors fear that European politicians are not doing enough to support the economy." Danitsa Hempton, Exchange Bank of New Zealand Ltd Wellington. "Any indication that the eurozone economy is likely to worsen next to the pressure that will lead to devaluation of the euro."

The euro fell to $ 1.2992 in London, from 7:49 to $ 1.3044 in New York April 17. He refused earlier to $ 1.2967, the lowest level since March 17 The European currency fell to ¥ 128.53 from ¥ 129.33 after reaching 128.17, the weakest, from March 30

The yen rose to 98.93 dollars from 99.16 per cent last week. It avansirovana 56.10 compared to New Zealand for 56.32 and 71.13 dollar rose to 71.64 against the Australian currency.

The worsening economy.

The euro fell to a three week low against the yen on signs of recession in 16 countries of the region is deepening. From the German Center for European Economic Research said its measurements on the current conditions fell to minus 90 in April, the lowest level since September 2003, from minus 89.4 in March, according to a poll conducted by Bloomberg News.

Foreign Exchange Outlook

Years with the shared expectations of the European Central Bank Executive Board has cut interest rates on euro and EUR / GBP investors can monitor the pre-November to consider the long-term interest rates high hopes of Great Britain.

Hopes for a reduction in the rate of pairing the European Central Bank Governors of the division was dragging on the euro and the EUR / USD may continue to return for the first time since November, in the organization, as a long-term investment expectations of higher interest rates in the United Kingdom after reaching the low level of 11 / 28 is 0.8233, a few rose to the level of 0.9805 in October is the Bank of England to reduce interest costs on the record low level in order to stimulate the economy sick, and the lack of dynamism in the extrusion at 0.9480-90 (21.4% FIB) should be continue to lower short-term guidance. During the next few hours trading, we see that the euro-pound found support at 0,8830-40 (61.8% FIB), and try to get back up for sale in the last week to fill the distance from the SMA 120, however, predict the future is the bottom open to U.S. and European markets, a reduction in market sentiment could lead, after a few weeks. However, as economic Roster for UK is expected to strengthen the weakening prospects for economic growth and inflation this week, especially because of, probably, pound, pound, and some may continue to work closely held wide art almost the recession in the global economy have intensified. Do not forget to check messages from a technical DailyFX for additional information on the currency pairs.

CB President, Trichet signals rate cut small

A one-month low against the dollar and the Euro hits three-week long yearning for Monday, as political uncertainty, the European Central Bank may take.
High Australian dollar sharply after the Asian equities, investors, the yen, the Aussie press, including the risky bets decreased incentives to cut the past, in Europe more than six months, but later took out the maximum is broad.
ECB President Jean-Claude for the Bank's mission in Tokyo, Mr Trichet as the next step may be 25 points on Sunday, interest rate reduction gave the signal.
However, intends to keep information Trichet's mother is a constant, and the fact that the next ECB meeting, that the policy be published in the May 7 issue of policy response
Trichet also denied a proposal from the ECB's policy-makers are divided on how far to go, and I said, I do not think that zero-interest rate is appropriate for the ECB.
Governing the market players that the Federal Reserve, the Bank of England and Bank of Japan followed in decision making should also see the acquisition as the financial crisis.
"Europe once again the dollar, the pound has been shown, and the longing in the face of sales for many months after the measures taken to central banks' traditional 'Kengo Suzuki, Shinko Securities and foreign exchange operations strategist said.
The euro $ 1.2967 trading platform EBS, the lowest since March 17 fell to $ 1.3016 before the back during the day, for example, 0.2 percent.

Australian Dollar rose higher against the euro since the beginning of October has been a stable market share in the U.S. and signs of "economic pickup is at the end of last week, supported the demand for risky assets.
But later, investors Aussie quickly reduce rates on the regional stock markets have dropped the Nikkei average lost 0.2 per cent of U.S. companies reporting more cautious this week, including Bank of America "on Monday.

PCT 1 / 2 Indian shares after a wobbly

1.2 percent, after briefly turning negative in the light of the volume.

Monday, with analysts that the central bank shares the culture.
The draft policy revision of growth on Tuesday.
It is expected after the market rose
Three more than six weeks, but depending on performance.
Industrialists and financiers, as Icici Bank.

State Bank India and HDFC Bank
"This is a typical fight between bulls and bears.

Awards occur now, the earliest
The market is not fixed, because you will receive.
Ready to call - certainly "Gajendra Nagpal, CEO New Delhi.

India, Asia and the United States Watch data result profits journal journal journal journal of Indo-European Wall Street a week ago, a week ago Eurostocks News: Asia News Summit company, double click on: Company News European News World News Forex News Economic News ICT news media news politics, banking / Asia General News College data multimedia version of Reuters Top News are available: Prices & http://topnews.session.rservices.com life data: World Inventories rates Exchange Dow Jones / NASDAQ Nikkei FTSE Debt 100 Indian Break an overview of the LME price research: India shares.

Trends Forex: Japanese yen gained ground against the majors

Monday morning in Asia, Europe, Yen and Swiss week high against the currencies in the Asian stock market in the red a more cautious mood of the first announcement of the change in income after a positive number slipped about 3 - roses. The yen also advanced on the 18 day high against the pound and 4 day high against the currency or the United States.

Nikkei in 8990 and was opened in 8918 after growth in the early fall of 8850, down 57.50 points, or 0.65%, while a strong gain after investors sought to take advantage. Buy something at a lower level of progress, with the benchmark index to trade back a little and in 8865, down almost 43% the previous value.

During the initial transaction Asia on Monday, 3 units in Japan - a week in the high jump against the euro and the franc have been. Thus, a higher yen and 128.18 against the euro compared with 129.30 last week to close the price rise. The head, the next target of USD dots / JPY around 126.4 votes.

Against the Swiss franc, the yen ended Friday, 85.11 to 84.36, an increase higher than the North American deals. CHF / JPY pair compared with the short-term resistance is likely to target 83.4.

British pound to 145.35 yen against the Asian deals on Monday at the beginning of the 18-day high-rise setting. 146.77 a pair at the level of trade last week from partners has been closed. Above, GBP 141.5 is considered the first target / JPY pair.

4 day high of 98.65 yen against the dollar in early Asian trade on Monday touched. Closed on Friday, USD / JPY pair is worth 99.25. 98.2 yen to the next point of resistance is seen around.

Forex Market Update: EUR / USD stop and take options Trichet Comments

To this end, steps in to dictate EUR-USD trading in Asia today, the EUR-USD zanuryuyuchys stops through 1.2970 and 1.3000, and the withdrawal of AUD, NZD, GBP and CAD lower in the process. Catalyst can be easily directed to a halt, but the ECB's Trichet comments over the weekend, indicating the possibility of 25. May, BP, and the easing of ECB rate cut and other measures to contribute to the sale of fuel. EUR-USD fell to a level 1,3049-1,2966 cyclones. A slide in the EUR-JPY EUR on the back of the poor, and helped to take into account the USD-JPY and JPY crosses USD-JPY fell to 99.41 is low, 98.63. Asian stocks were mixed today. U. S. Treasury results, after strong gains on Friday in New York.

The lowest level of euro in the month of political uncertainty

Uncertainty of the ECB, and the introduction of new innovative damping of the meter, so far was the key to the currency weakening.

On Friday, the euro $ 1.3017 since March 18 is the smallest of the meeting below, when Use. S. Federal Reserve this weak quantitative to give that fell.

ECB President Jean-Claude Trichet seminar in Tokyo, this is very, what is the current situation is not the same, because the euro is weak "is". He added that "very" strong dollar policy in the United States maintains its policy to appreciate that.

Currency strategists at Barclays Capital in New York quoted MR. Major forces in the weak euro, Mr. Trichet said the ECB to make quantitative and poor have to move, together with expectations. Social divisions ECB is negative, the Barclays told.

Late Friday afternoon, the euro to $ 1.3026 trading US $ 1,3171 late Thursday and 130.82 yen to 129.28 yen. The dollar was at 99.32 yen 99.25 yen. The pound was $ 1.4784 and $ 1.4925.

1.1674 Swiss francs, the franc exchange rate was 1.1480. He got up, Frank, as 1.1690, the highest since March 18 after the Swiss National Bank President Jean-Pierre Roth, said that the Central Bank's monetary policy will continue to pursue the use of alternative measures as long as there is the risk of deflation, and to intervene in currency markets if necessary.

Anxiety markets enjoyed a glass of wine, the recipient of large flows generally more secure.

Considerable pressure on the euro and bond coupon payments from the countries of the euro in recent trading », said Shaun Osborne, director of currency strategy at TD Securities in Toronto. "Many seem to have returned to Japan and elsewhere."

China is deemed to be the main currency of these countries

Wen Jiabao and governor Zhou Xiaochuan warned jumping to the conclusion that China is on its way to economic recovery and the data on Thursday for signs of a recovery dynamics.

Currency Wenovy comments in a clear reference to the U.S. and financial management, and Beijing is that the perpetrators of the global financial crisis, is committed to supporting the international dual-use Chinese currency.

Wen did not mention the U.S. by name, but expressed concern over recent months about the safety of Chinese investment in U.S. Dollar.

"We need to monitor the economic policies of the major reserve currency and the economy and the creation of a large number of international monetary system," he said in his speech to the European Parliament in Boao Forum for Asia, the year in China island province of Hainan.

This is the second time this month that China has such an invitation from Chinese President Hu Jintao said the G20 summit in London earlier this month to the International Monetary Fund to strengthen its control over the granting of a reserve currency economies.

Long-term solutions

China has a riot in March, when the central bank chief Zhou idea of reducing dependence on the U.S. Dollar as the world's most important currency for the creation of Special Drawing Rights) issued by the International Monetary Fund.

But in London G20 forum of China was that an immediate discussion on this topic.

Forex Day Overview of

Thursday, the currency fell as low as USD1.3126 against the dollar and JPY129.36 against the Yen after a report showed industrial production in Europe through a record contract in February.

Sterling Fell off the global economy and company earnings in the United States have encouraged investors to reduce their exposure to risk, which led to the school to cancel the recent gains. The pound and other currencies, is considered a high risk is also under pressure data shows that the quarterly growth since the low in China in 1992.

Japanese yen came under heavy buying after the GDP of China has led to profit taking and risk aversion. Feeling can be turned and starting USDJPY USD finished well above JPY99.

The Canadian dollar hit the highest level in more than 13 weeks against the U.S. dollar, with the help of rising global worth, company, oil prices and the slight rebound in the data show sales at the factory.

The Australian dollar was weaker in Asia Friday on volume, plus the market is awaiting release of earnings in the first quarter Citigroup later today. Australian Dollar USD0.7187, against USD0.7267 late Thursday. Against the Japanese yen, it JPY71.515, against JPY71.935

Expects of Markets
The euro is a weak dollar and Japanese yen, while trading quietly before the weekend.

EURJPY Technical Information merchants failed to sign as a line of Ichimoku cloud Kijun yesterday and today will be JPY129.76. This level is seen as key to decline. Is today in a bid to JPY129.36 around JPY129.00 (76.4% JPY126.40 - JPY137.39), said power JPY128.25/20.

Some companies are now talking about the dollar against the yen, the price JPY98.80/00 before JPY98.60 tends to stop. Tenders will JPY99.75/90, but not alone JPY100.00. Operators related to some speculation, there is also some coverage, which refers to the Japanese to buy a stake in San Miguel worth USD1.2 billion.

Looking forward to go to market, Citigroup profits in the report will be released later in the day. The positive results of the players might not be in a stronger U.S. dollars. The figures are already in the exchange rate of dollars to decline as a result of the sale of players, based on fact, in order, according to analysts

Center to rise, and the euro, Swiss franc and the Fall

In global risk appetite has improved during the week, helped a good first - Goldman Sachs, JP Morgan and Wells fargo is proposed that the U.S. economy and an end to the decline coming from a number of quarterly earnings.
But investors still Thursday in U.S. housing starts down 10.8% as a very negative economic data, as well as an uncertain future with the earnings report, are facing.

For example, there is fear that the results of the first quarter of the city after Friday's expectations is not going to be in harmony, and are that GE's financial results compared to set up a standard will.
While the Nikkei 1.7%, while European stock markets rallied dow Jones industrial average gained 1.2% were open almost flat, if you share my enthusiasm.

ECB President Jean Claude Trichet the Euro area of the dangers for the economy to continue to focus on in the market has helped. Tokyo for a visit at the time, he essentially confirmed the bank at the beginning of May, the standard "monetary policy meeting of a" non-adopted. He also said a common currency, a weak under the fingers of the U.S. strong dollar policy acknowledges agree.
Euro to help get Dallas Federal Reserve Bank President Richard Fisher, who once again loudly that the U.S. is unable to overcome the challenges facing the euro area.

In light of the risk of deflation, and to take decisive action and will be called until the danger of this strategy, "said Roth.

His remarks led to a sharp depreciation of the franc, the dollar rose to CHF1.1611 hours before the 0930 GMT from CHF1.1472 late Thursday in New York, according to EBS. Euro rose to CHF1.5194 from CHF1.5114.

In addition, the dollar rose slightly to Y99.38 from Y99.33, while the euro fell to U.S. $ 1.3080 from U.S. $ 1.3175. The single currency was also Y130.01 from Y130.94. Pound sterling fell to 1.4851 from U.S. $ 1.4936 USD.

In Eastern Europe, the most conservative of the affected investors. Euro HUF294.24 with HUF292.50 and PLN4.2975 with PLN4.2730. However, the single currency has not increased, a slight decrease CZK26.835 with CZK26.843.

Update 1-Forex Starcomms push 2008 net loss to Nigeria

Lagos, April 17 (Reuters) - Starcomms of PLC (STCP.LG), the largest mobile operators in Nigeria, 80 billion naira ($ 6000 million) net loss for the depreciation of the currency naira dumped to the - the company said.
The company is pushing a net loss of 10 billion naira, foreign exchange, unrealized losses on 3640000000 NAIRANAIRA dollars, a record decline in construction loans to / from 2007 net income of 15.
* Starcomms swings to net loss of profit

* Naïr currency depreciation causes big losses

* Operating profit improved in Q1 2009

"The demand for telecommunications services in Nigeria in 2008 remains very high," Chief Executive Qubain Maher said.

"At the same time, in the second half is characterized by worsening economic conditions, reducing the exchange rate and reduces the average income of consumers (average income of the user) for the entire industry."
But he said business is improving and is in range to the operating profit of 409 million Naïr during the first three months of 2009 to a loss of 683,000 Naïr in the first quarter of last year, while that revenue has increased 15 percent from 8 5 million Naïr.
"Results of the first quarter of 2009 show that Starcomms is in good health, and liquid assets to the Nigerian Naira 8,157 billion at the end of March 2009," said Qubain.

Starcomms, based on the CDMA platform and provides mobile, wireless voice and wireless broadband services based on the Nigerian Stock Exchange last July. (Reporting by Nick Tattersall, editing by David Holmes).

World Forex: Euro loses ground doves Trichet notes

Tokyo (Dow Jones) - The collapse of the euro against dollar and yen in Asia Friday following European Central Bank President Jean-Claude Trichet's remarks in Tokyo mention more policy steps, including further rate cut. The euro fell to $ 1.3065 from $ 1.3153, and to Y129.95 from Y130.93, after Trichet's comments made their way across the market.

"While his comments were nothing new, confirmed the view of the market that the ECB is ready to announce atypical policy measures in May and cut rates further," said Minoru Shioiri, senior trader at Mitsubishi UFJ Securities.
Trichet, speaking in Tokyo, said nonstandard steps are required for banks and the ECB should do everything to restore corporate confidence. The ECB policy board is scheduled to meet on April 23 and May 7.

The euro was also fueled by sales Trichet's comments on currencies. He noted it is difficult to say that the euro is weak at present, and is very appreciative of the U.S. strong dollar policy of the remarks. Trichet's comments represented his "de-facto approval" for the participants to push the euro down further against the dollar, said Yuji Saito, head of FX at Société Générale.

Meanwhile, the greenback was little changed against the yen, but likely to weaken later in the day overall, traders said.
Looking ahead, the market will turn to the profit of the Citigroup report to be released later in the day. Players say positive results will not necessarily lead to a strong dollar. As good figures already priced in, the dollar could decline because the players sell-on-fact orders, said Hideki Amikura, a senior dealer at Nomura Trust and Banking.

Morning Forex view

The development of China and a quarter of the players to form expectations of the dollar against the Japanese yen and can not, in the last minute, the risk of selling the chair of the weak dollar also consider the unit of Japan. 6.1% growth a year ago, to March 1 this year, gross domestic product of China, - about 12 years of low growth, the loss of half of the JPY98.92 yen, the currency of the United States. However, some 6.0 percent, better than forecasts of economists polled by Dow Jones, currency dealers who are strong players in the last few hours of the release of data before factoring.

USD1.33 Euro is a round, then most of the session will end around USD1.3230 change USD1.3170 have fallen. Webber, ECB interest rate of 1.00 percent under a policy that does not cut, QE events in five couples will be announced on Monday

In the form of higher housing prices, dollar and multi-institutional research and USD1.5038 official pounds for the Royal month USD1.5000 Unlike in Britain last month, slowing the decline in the market, after the show, a buyer has moved slower than paint.

EURUSD now trade around USD1.3185 writing. Support is still USD1.3170 with a break over the open back deep USD1.3150/45. Talk of decent stops throughout the region, an entry-level model also indicated that the region should give up. The following is a USD1.3100/1.3090 here. Resistance USD1.3190 see. placed through USD1.3210, USD1.3230 strong.

Cable dropped back down to USD1.4965 back before it USD1.5030/35. Fresh sales rose again to lower at night, but once again the buffer zone USD1.4960 movement with a new type of trade is now more than USD1.5000. Offers remain there USD1.4960 with stops through USD1.4950 said. In addition, it was found that the application is then USD1.4925/20 before USD1.4900. Resistance seen of USD1.5015, USD1.5030 more forward USD1 5045/50 and USD1.5070/80 strong. Stop, already USD1.5130/35 background.

Even greater stress in terms of trade

In yesterday's case, the U.S. economic data showed signs of recovery. Meanwhile, industrial production and capacity utilization, consumer price index minus a little bit with the contracts dropped to the area. FRB's beige book, said the establishment of normal grief even hope to see the valley of the economic downturn, some line numbers. And the United States for it, wait for more data, especially the foreign exchange market, where the case is still undecided, another batch will be announced in the report. The current earnings season, mixed results so far (here in the United States, its loss in the quarter, compared to Europe, UBS also comes with more severe shock).

The conclusion of all the development the same: on the left side of the market remains in the near future.

We see in today's market - in conjunction with the expected trading range, the following key estimates ssangeule, according to the entrance and exit points are. Today, the European market, working in the data pipeline: the sea of housing starts and permits, and 14:30 CEST Weekly initial unemployment claims in the other stations. It is because of several federal government agencies in a report this month, also at this time of the first Central European Time 16 City last April Philadelphia Fed index (more contractions, or not), it is interesting

FOREX: NOK / USD is below 1.4900 and 1.4870, intra day low

FXstreet.com (Barcelona) - After the 1.4950 level buck with Europe at the beginning of the session, GBP / USD support the poor, and she agreed to start at the bottom level of 1.4900 to a fresh low of the day. 1.4870, the current partner. 1.4880/1.4900 after falling 0.70 percent during the day.

By Tim Salem, FXstreet.com collaborators, cable still bullish: "Moments for the Sydney Olympic Park also turned bullish anchored scores increased sea canal Easy edit 1.5070 higher price now find dynamic Resistance@1.5014. Day Change abuse resistance test of the new price @ 1.5070 area for two of the top teams with confidence. downside risks to 20Hourly AMM slope to the daily pivot level 1.4850 in the immediate term. violação more come here every day static Resistance@1.4868, followed by 1, 4817, sold more clear cut congestion zone to see the confluence hour SMA 200 / dynamic support of 1.4770, violation of the canal and see all the bullish sentiment 1.4734-1.4620. Medium term support. ".

Forex Trading - U.S. housing may encourage further capital gains, and losses of U.S. $

Yar of forex

The number of test markets in various support and resistance levels, traders discover a negative relationship between the equity and value in U.S. dollars. Otherwise, at the time of the rally in equity securities of USD is a moderate loss. This is probably due to investors pulling money out of Forex trading and the stock market. With the release of the United States supports the construction of 12:30 GMT today, the capital May be affected. Find the impact of this is about USD today that the grocery store

The euro - to reduce the interest rate support is a member of the European Central Bank.
The euro has decreased compared with the expectations of the cash market for many of the participants in the future. Measures to reduce the by the European Central Bank). Comments on the European Central Bank Governor Axel Weber, and believes that in the future has led to the reduction of interest rates from the European Central Bank policy meeting next May, but not to wait for the traditional market policies to ease credit conditions in Europe. This may have a negative impact on the European currency, or it may enhance confidence in the future.

JPY - Yen Falls 2-week highs

Yen fell against the dollar yesterday, reducing the climate of traders had to seek higher to currencies during the day. Japanese currency went two weeks against the dollar and the euro higher. Earlier in the day the dealers to sell, but the anticipation of better-than-expected U.S. economic data. Benefits for the entire day, the pace of market forecasts. Early in the morning trading on USD / JPY traded is 98.95 EUR / JPY is 130.67.

Crude oil - crude oil stocks continue to rise

Despite the jump in the supply of U.S. reserves of crude oil, crude oil prices remain relatively high. Oil reserves rose 5.6 million barrels this week, more than twice as much. This is the third week that the reserves of crude oil rose. Prices of crude oil ended the trading day at $ 52.20.

FOREX-Yen, U.S. dollars, as growing uncertainty regarding the recovery

London, 16 April (Reuters) - Japanese Yen against the U.S. dollar and other major currencies on Thursday as a rapidly receded, I hope the economic recovery allegedly pushed in front of the investors for safe assets increased.
After data showed that China's economic development, market players were disappointed with their poor record of economic development. He had, after weak U.S. retail sales fall in inflation and the last day.
European share prices, while U.S. stock futures Gatavas earlier profit increased economic concerns, were small.
"Investors have again to determine whether the recent rally in risky assets, as well as sustainable economic growth happen," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ.
"If these comments deteriorate Downs is located yen go higher," he added.

Starting at 07h47 GMT, the yen to 0.7 percent against the dollar at 98.64 yen , down from 1.1 percent against the euro to 129.79 yen < eurjpy ="">.

Australian dollar fell to 71.28 yen 1:32 per cent, while the New Zealand dollar fell 2.1 percent to 56.37 yen .

The dollar rose 0.2 percent against a basket of currencies. Dxy.
At the same time, the euro has continued on the back foot, and the prospects for easing of monetary policy remains a risk after the European Central Bank board member Axel Weber said Wednesday that the central bank in non-standard "measures, which extend for next year.

World Foreks: Center for Falls Against Yen in GDP in China disappointed players

He is the U.S. dollar and China's first quarter economic growth data, the players did not meet expectations in the last minute, slipped, and the longing for acceptance in the Japanese unit to sell more riskier as you requested.
China's gross domestic product, and then rose 6.1% in January-June period a year ago - nearly twenty years, has registered the lowest growth in the U.S. currency lost half of Lust Y98.92. Although there are some economists surveyed by Dow Jones 6.0% growth forecast is a better, more powerful players in the money traders in the last hour of data before factoring that broadcast, he said.
"The players are very prone to last-minute data on the results. Even better results are expected by 8%, because some players had to prove," Satoshi Tate, a senior trader said Mizuho Corporate Bank. Thus, 6.1% for the players, less risky currency as the Japanese yen are asked to address words.
In addition, some of the players after the release of China's GDP is expected to explore new economic stimulus measures, because, "Yuji Saito at the head of FX, Société Générale said.

Housing starts in July 1230 GMT to explain, and economists expect the U.S. fell 7.4% per month. Meanwhile, a week of unemployment data is the increase in the Dow Jones survey of requirements can be a sign of 9000. Elsewhere, JPMorgan Chase & Co. first quarter net profit report for the question.
China's GDP in the euro for the Japanese yen fell after the results. The dollar, however, it remained almost unchanged. Share hopes depend on the movement of the euro, says Ueda - rate, a strong euro and increasing risk appetite is likely to strengthen the back.

Hong Kong, 2 / 1 PC after the recent increase

Hong Kong shares fell 2.1 percent, at midday on Wednesday that stocks across the board succumbed to profit after two days of growth, sourcing giant Li & Fung tumbling a surprise decline in retail sales in the United States.
Li & Fung, which the sellers of consumption, such as Wal-Mart, fell to 9.6 percent, 16.9 percent rally Tuesday in part, deleting news women's apparel retailer Talbot was to study the possibility of singning of Chinese companies, primary source of the agent.

HSBC on Wednesday, the thin neutral too expensive, 23-times the present value of estimated revenue in 2009.
U.S. retail broke two months of decline is increasing in March denting hopes that the recession of the world's largest economy in decline.

"We have been waiting for the first quarter of 2009 to the end of this cycle, and it does not seem like we are disappointed," said Andy Rothman of CLSA.

Investors to keep alive hopes for another round of stimulus measures in China, this time in support of the nine sectors, including agriculture, real estate and banks.
"Is the whole year the number closer to 7 percent or 8 percent, far less important than it is our belief that the Chinese economy is very strong in the second half of 2009, and that its forces have a good 2010" Rothman said.
Fell to $ 33.9 billion turnover HK HK $ 40.4 billion in the afternoon Tuesday.
Mainland China enterprises index of companies was 2.3 percent lower at 9005.85.
In March, Cathay Pacific passengers closer - than - expected decline 1.6 percent following the announcement of growth bucked. Last year's high base, which this year fell in April due to Easter holidays, compared to the No. 3 airline in Asia and its subsidiary Hong Kong in March 3.2 percent fewer passengers onair tow.

Cathay Pacific to reduce costs, can some of the salaries of their staff on leave without pay, local media reported Tuesday to ask. The airline in 2008, another 1 billion U.S. dollars damage to a year and a half of record notified continues to decline, demand for passenger and freight conflict, as well as a weak currency.

Daily Foreks Dou and Jones recommended levels

Euro / dollar

Today support: - 1.3230, 1.3213 and 1.3186)), where the key could be improved. Break 1.3158, where improvements can be made will be charged. Then follows 1.3140. Cessation would lead to 1.3114. If the motivation is strong, and we will see 1.3081. It will be the continuation of 1.3033 and 1.3057.
Today resistance: - 1.3278 and 1.3323) (a button. 1.3366 break, where improvements will be paid. And 1.3380. Stop that would lead to 1.3412. If a strong motivation 1.3432. It will be the continuation of 1.3494 and 1.3465.

U.S. dollar / Japanese yen

Today support: - 98.10 () button. Break, where the reforms will be 97.90. 97.62 Even if the correction as well. 97.44 break at a later date. If the motivation is strong, it must be 97.20. 96.65 to 96.86, and continuity.
Today resistance: - 99.00 and 99.23 (), where a marked improvement in the situation has improved, and not to break the 99.46 in May, and after that. Then 99.67. If the motivation is strong, it must be 99.94. 100.24 should be continued.

Dow Jones

Today support: - 7897.44 () key, and if this delay, and could be improved. 7849.64 after the break, which will also be improved. Then follows 7818.40. That there will be a strong push, we must see 7796.22. The continued 7785.00.
Today resistance: - 7976.24 and 7998.75 (), where the delay of the main issue to be addressed. Whether it is possible to improve the break and then 8,021.28. Therefore, if the delay could be improved, and 8049.37, as follows. That there will be a strong boost, as it was 8,077.46. The continued 8100.00.