Japan is on Monday scheduled to release final numbers for February's leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
Little change is expected from the preliminary readings that showed the leading index with a score of 96.6 and the coincident with a reading of 93.7. Japan also will see March figures for supermarket sales; they were up 0.3 percent on year in February.
Australia will provide producer price data for the first quarter of 2012. Forecasts suggest an increase of 0.5 percent on quarter and 2.2 percent on year after collecting 0.3 percent on quarter and 2.9 percent on year in the previous three months.
The material has been provided by Instaforex Company - instaforex.com
USD/JPY's recovery attempt last week was limited at 81.77 after facing resistance from near term falling channel. Initial bias is neutral this week first. On the downside, below 81.16 minor support will indicate that choppy fall from 84.17 is likely resuming for 61.8% retracement of 76.02 to 84.17 at 79.13. Though, break of 81.77 temporary top will now affirm the case that pull back from 84.
GBP/USD rose to as high as 1.6149 last week and Initial bias remains on the upside this week for 1.6165 cluster resistance. Note that GBP/USD is building upside momentum again with the current rally and 1.6165 would likely be taken out. In such case, completion of decline from 1.6764 should be confirmed. And, stronger rally should be seen to 100% projection of 1.5234 to 1.5991 from 1.5602 at 1.
USD/CHF's fall and break of 0.901 support last week suggests that rebound from 0.9001 has completed at 0.9251 already. More importantly, the development now suggests that recent price actions from 0.8930 are merely a consolidation pattern and could have finished at 0.9251 already. In other words, fall from 0.9594 is no over and is possibly resuming.
The new investor bywords are big data. Initial public offerings last week for both Splunk (Nasdaq: SPLK) and Proofpoint (Nasdaq: PFPT) were smash hits because of it.
Established companies like International Business Machines Corp. (NYSE: IBM) and Microsoft (Nasdaq: MSFT), the world's biggest software company, reported better-than-expected quarterly reports because enterprises ordered more servers and software.
Last month, two other giants, Hewlett-Packard Co. (NYSE: HPQ) and Oracle (Nasdaq: ORCL), did the same.
Electrical power in India is controlled by one company, the 90-percent state-owned behemoth Coal India Ltd., which also happens to be the largest coal-mining firm on the planet.
Two years ago, when CIL went public, shares jumped 40 percent on the first day of trading; the IPO was one of the biggest Indian markets had ever seen.
CIL controls 80 percent of coal production in the nation, giving it dominance in a country where coal provides for more than half of the electricity.
Simultaneous Release at TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Reviews. Good day forex traders. In the previous forex forecast review of the EUR/USD, we noted that both SMAs were flat and that indicated possible uncertainty. Fundamentally we noted that China’s growth had slowed and a number of US Federal Reserve heads were inclined towards a low interest [.
(Blog eToro) Dans la zone euro, les investisseurs qui ont enduré une semaine au cours de laquelle il y eu une reprise nette de l’incertitude et de la peur d’une contagion de la dette périphérique ont poussé un soupir de soulagement en entendant les nouvelles concernant la vente d’aujourd’hui de la dette souveraine espagnole était [...]