The BSE Sensex posted its best January rise since 1994, after gaining about 2 percent on Tuesday, as foreign fund inflows showed signs of a revival and investors bet on a monetary easing.

EUR/USD has recently completed the Clear Triangle chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 5 bar level as a result of the low Initial Trend (rated at the 3 bar level), above-average Uniformity (6 bars) and near maximum Clarity (rated at the 8 bar level).

On prévoit que le secteur de la transformation de la plus grande économie du monde devrait croître à un rythme accéléré en janvier, et la hausse de la production pourrait soutenir le dollar américain alors que ce développement souligne des perspectives de croissance en amélioration.

The Australian dollar advanced further against the euro and hit a 5-day high of 1.2316 during early Asian trading on Wednesday. The pair closed yesterday's New York session at 1.2321.

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Consumer prices in South Korea were up 3.4 percent on year in January, Statistics Korea said on Wednesday - below forecasts for a 3.6 percent increase and down from 4.2 percent in December. That puts overall inflation back within the central bank's target range of 2 to 4 percent.

On a monthly basis, consumer prices added 0.5 percent after collecting 0.4 percent in December.

Core CPI, which strips out the volatile costs of energy, saw an increase of 3.2 percent on year following the 2.7 percent annual expansion in December. Core CPI added 0.3 percent on month after adding 0.2 percent in December.

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South Korea CPI +3.4% On Year, +0.5% On Month In January

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South Korea Core CPI +3.2% On Year; +0.3 On Month

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The Australian dollar bounced back from early multi-month low against New Zealand dollar during late New York trading on Tuesday, ahead of upcoming Asian session's key economic reports.

Traders await economic reports to be released in early Asian trading on Wednesday from Australia including HIA new home sales and house price index.

The Aussie that hit a multi-day high of 1.2954 versus the NZ dollar in Monday's late New York session, edged down later during Asian and European deals. The pair closed today's Asian session at 1.2923 and European deals at 1.2852.

Extending previous session's downtrend, the Aussie declined further in Tuesday's New York trading and fell to a fresh multi-month low of 1.2840 at around 1:00 pm ET. Thereafter, the pair reversed its direction and as of now worth 1.2867.

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The EUR/USD bounced off the 1.3077 support but failed to reach new highs yesterday, and instead slid during the 1/31 European - US session. The decline was sharp, and it broke the 1.3077 pivot as well as the rising channel, now testing the 1.3050 pivot. Note this was resistance for the Jan 23-25 consolidation, and also the 200 hour simple moving average.