Australian cotton may reach a record this year

  Wednesday, 14 September 2011 DATE PROFIT

Tuesday, 13 September 2011 PRODUCT TIME SIGNALS PRICE PROFIT

EURUSD Market Sentiment

GBPUSD Market Sentiment

USDJPY Market Sentiment

USDCAD Market Sentiment

AUDUSD Market Sentiment

AUDCHF Market Sentiment

NZDUSD Market Sentiment

EURGBP Market Sentiment

  16 % 84 % Bullish Bearish Time : 2011-09-14 08:30:08

  Time : 2011-09-14 08:30:08

  41.1 85 % 15 % Bullish Bearish

  Total Open Interest : 270

  51 % 49 % Bullish Bearish Time : 2011-09-14 08:30:08

  Total Open Interest : 14052 1836.9

  Bearish Time : 2011-09-14 08:30:08

  0 % 100 % Bullis h

  Total Open Interest : 30 0.8675

  Total Open Interest : 60 0.8253

  FOREX

  76.91 95 % 5 %

  13 September 2011 SELL USDCHF at 0.8766 TP at 0 SL at 0 0.8778 136.71 FOREX

  13 September 2011 SELL XAUUSD at 1830 TP at 0 SL at 1833.5 1833.5 350

  Total Open Interest : 4045 1.3699

  72 % 28 % Bullish Bearish Time : 2011-09-14 08:30:07

  Total Open Interest : 15270 1.5792

  79 % 21 % Bullish Bearish Time : 2011-09-14 08:30:08

  Total Open Interest : 3049

  Bullish Bearish Time : 2011-09-14 08:30:08

  Time : 2011-09-14 08:30:08

  Total Open Interest : 50 0.9856

  80 % 20 % Bullish Bearish

  Time : 2011-09-14 08:30:08

  Total Open Interest : 5150 1.0342

  93 % 7 % Bullish Bearish

  Time : 2011-09-14 08:30:08

  Total Open Interest : 0 0.909

  0 % 100 % Bullis h Bearish

XAUUSD Market Sentiment

XAGUSD Market Sentiment

   Published : 2011-09-13 23:46:37

Financeroll – European markets rose Tuesday afternoon, taking a positive turn following sharp swings back and forth throughout the session, with bank stocks leading

the gains.

  The Stoxx Europe 600 index rose 0.7% to 220.42, having earlier lost as much as 1.5% to hit its lowest level since July 2009. Banks were among the top performers following heavy losses in the previous session. Shares ofSociete Generale SA rose 7.7%, rallying after Chief Executive

  

Frederic Oudea reportedly said that the lender has plenty of liquidity buffers and that market declines were based on “irrational fears.” The stock had tumbled about

11% on Monday, in part amid fears that it will be downgraded by Moody’s Investors Service.

  Shares of BNP Paribas SA was among the few fallers in the sector, slipping 1% Tuesday afternoon, but this also marked a solid recovery after tumbling as much as 12% earlier in the day. The bank said it “categorically denies” claims made by an anonymous source in a Wall Street Journal op-ed article that it’s having liquidity problems. The French CAC 40 index rose 0.2% to 2,861.82. Also Tuesday, German Chancellor Angela Merkel reportedly sought to downplay fears of an imminent default by Greece, saying Europe is doing all it can to “avoid disorderly processes.” Earlier, reports that China might purchase Italian debt had helped boost markets.

  While those early gains quickly faded, shares of UniCredit SpA swung higher again in afternoon trading. The stock rose 6.4% as the Italian FTSE MIB index climbed 1.9% to 13,727. Italy on Tuesday completed the sale of 3.9 billion euros of new five-year bonds, selling the debt at an average yield of 5.6%, compared with 4.93% in July when it last sold similar debt, according to Bloomberg. The bid-to-cover ratio, which gives an indication of investor demand, fell to 1.28 times the amount on offer, down from 1.93. Among other stocks in focus, shares of Cairn Energy PLC tumbled 10% in London after the oil and gas exploration group said it is preparing to plug and abandon a Greenland well that failed to discover oil. The stock was the worst performer within theU.K.’s FTSE 100 index which rose 0.2% to 5,139.45, led by a 2.5% rise for Royal Bank of Scotland Group PLC. Airline stocks were also some of the worst performers in Europe. Air France-KLM dropped 1.2% in Paris and Deutsche Lufthansa AG fell 2.4% in Frankfurt, making it the worst performer on the DAX 30 index. The German index rose 1.5% to 5,149.10 as Deutsche Bank rallied 7% amid the strong gains across most of the banking sector.[Bloomberg/Financeroll/Dny]

   Published : 2011-09-13 23:19:52

Financeroll – Cotton production in Australia, the fourth-largest exporter, may reach a record 1.1 million tons this year, in line with June’s forecast, according to the

report. Production may have reached 898,000 tons in 2010-2011, buoyed by rainfall, the bureau said.

  

La Nina-linked wet weather brought record rainfall to parts of eastern Australia last year, ending drought and replenishing dams used for irrigating cotton, which is

planted around November and mostly harvested from April.

Canola production is expected at 2.29 million tons in 2011- 2012, compared with the 2.27 million tons predicted in June. Output may reach about 2.5 million tons, the

Australian Oilseeds Federation said Aug. 16. The bureau raised its forecast for barley production to 8.3 million tons from 8.09 million tons in June and compared with

  9.3 million tons in the previous year. According to the bureau, production of summer crops, planted in the next few months and harvested next year, may increase to total 4.8 million tons from 4.7 million in 2010-2011.[Bloomberg/Financeroll/Dny]

   Published : 2011-09-13 23:10:58

Financeroll – Australia may ship a record amount of wheat in the coming year, displacing the European Union as the world’s second-biggest supplier, and helping

cap gains in global prices.

  The country may export 20.4 million metric tons in the year starting Oct. 1, the Australian Bureau of Agricultural and Resource Economics and Sciences said today. That’s 1.5 percent more than predicted on June 15 and 9.4 percent higher than the previous year, the bureau said. Production was forecast at 26.2 million tons, unchanged from its previous estimate and just short of the record 26.3 million tons in 2010-2011, it said. Increased sales would add to global supplies, potentially curbing prices that surged 19 percent since July 1 when Russia resumed exports after an almost yearlong ban and drought wilted crops across the Great Plains in the U.S. Global inventories may total 194.59 million tons by May 31, 3 percent more than estimated in August, as production in Russia and Canada climbs, the U.S. Department of Agriculture said yesterday.

  

Wheat exports from the European Union may slump 29 percent to 16 million tons in 2011-2012, according to USDA data. That would lift Australia into second place

  globally behind the U.S. Wheat for December delivery on the Chicago Board of Trade gained as much as 0.7 percent to $7.32 a bushel and traded at $7.29 at 4 p.m. in Melbourne. Futures slumped 5.9 percent last week after climbing 11 percent in August. The area sown to wheat may decline to 14.1 million hectares (35 million acres) from 14.3 million hectares estimated in June, the bureau said. Plantings in Western Australia, set to be the biggest producer, may total 5.1 million hectares, it said. Recent dry weather has spurred concerns that lower yields on the east coast may offset optimism that output in Western Australia will boost the harvest. The

  

Murray-Darling Basin, which extends from southern Queensland to South Australia, had the driest June since 1986, according to the Bureau of Meteorology. New South

Wales, the biggest wheat producer in 2010-2011, had below-average rainfall in July, it said.

Wheat production in Western Australia may total 9 million tons in 2011-2012, 3 percent more than the June forecast and almost double last year’s drought-affected

harvest, the bureau said. The Grain Industry Association of Western Australia said Aug. 22 output may surge 76 percent to 8.05 million tons.

  Cotton Record Australia’s total winter-crop production, including wheat, barley and canola, may be 41 million tons in 2011-2012, the fourth-largest on record, according to the bureau. That compares with a June forecast of 40.8 million tons, the bureau said. Last year’s total was estimated at 42 million tons, it said.[Bloomberg/Financeroll/Dny]

   Published : 2011-09-13 22:57:28 Financeroll – US stocks meandered mostly higher Tuesday as Wall Street shouldered a wave of uncertainly on largely European-related concerns.

  The Dow Jones Industrial Average rose 33 points to 11,094. The Standard & Poor’s 500 Index gained 7.4 points to 1,169. The Nasdaq Composite Index rose 21 points at 2,516. For every six stocks rising, seven fell on the New York Stock Exchange, where 81 million shares traded by 9:50 a.m. Eastern. In Europe, German Chancellor Angela Merkel expressed optimism that Europe would resolve Finland’s objections to rescue measures for Greece. The Labor Department reported U.S. import prices fell 0.4% in August, illustrating lower energy costs, along with a decline in prices for food and materials. The data showing less inflationary pressure potentially offers the Federal Reserve added space for more stimulus moves to bolster the economy.

  Best Buy Co Inc.’s shares slid 5.9% after the consumer electronics chain reported quarterly results short of Wall Street’s expectations.

  On Tuesday, oil prices climbed ahead of data expected to illustrate a second weekly drop in U.S. supplies of crude, with the futures contract for September delivery gaining $1.29 to $89.48 a barrel. Gold also gained in New York, up $12.20 to $1,825.50 an ounce. Wall Street ended a second session higher on Monday after reports that Italy’s finance minister had met with a Chinese delegation to talk about buying Italian bonds.[MarketWatch/Financeroll/Dny]

   Published : 2011-09-13 22:52:41 Financeroll – European stocks rose for the first time in three days, rebounding from a two-year low, as banking and insurance companies advanced.

  The Stoxx 600 gained 0.7 percent to 220.5 at 1:42 p.m. in London, having swung between gains and losses more than 10 times today. The gauge has fallen 24 percent from this year’s peak on Feb. 17 as European and U.S. economic reports trailed forecasts, adding to concern that the global economic recovery is at risk. The retreat has left the gauge trading at 9 times the estimated earnings of its companies, the lowest valuation since March 2009, according to data compiled by Bloomberg.

  

German Chancellor Angela Merkel said in an interview with the Berlin-based broadcaster Inforadio she won’t let Greece fall into “uncontrolled insolvency” because

  the risk of contagion for the other euro-zone countries “is very big.” The so-called troika of the International Monetary Fund, European Central Bank and European Commission representatives will return to Greece this week, Merkel said.

  

Italy’s Treasury sold 3.9 billion euro ($5.3 billion) of a new benchmark five-year bond at an average yield of 5.6 percent, compared with 4.93 percent the last time

  securities of a similar maturity were sold on July 14. Demand was 1.28 times the amount on offer, compared with 1.93 times at the previous sale. The Treasury had aimed to sell 4 billion euro. Italian officials have held talks in the past few weeks with Chinese counterparts about potential investments in the country, an Italian government official said yesterday, adding that bonds weren’t the focus.[Bloomberg/Financeroll/Dny]

   Published : 2011-09-13 21:52:57

  Financeroll.com -- POSCO, is seeking to beef up its presence in South Asia by acquiring shares in a Pakistani steel company. They said at Tuesday that they has clinched a deal with Al Tuwairqi Holding Co. of Saudi Arabia to buy a 15.34 percent stake in Tuwairqi Steel Mills Ltd (TSML). for $15 million. TSML is working to build a production complex in Karachi, the country’s financial capital. TSML plans to begin commercial production in January with an annual capacity of 1.28 million metric tons of direct-reduced iron, POSCO said. POSCO aims high as the deal will enable the steel mill to rake in dividends and expand its business scope in the world’s sixth most populous country with more than 180 million. “Pakistan’s steel industry has a high growth potential,” said Chung Joon-yang, chief executive. “Through the contract, POSCO will gain a foothold in Pakistan and boost business opportunities for affiliates involving construction, engineering and information and technology and others.” The Pohang-based company has been scaling up its business in South Asia as demand spirals in the emerging markets there, led by India. POSCO estimates Pakistan’s steel demand at 12 million metric tons in 2020, up more than 70 percent from 7 million metric tons last year. It is injecting about $12 billion into an iron ore mine and a project to establish an integrated steelworks in Orissa, eastern India. POSCO projects the new plant to be able to churn out 12 million metric tons of steel a year until 2020, and the mine to have an annual output of 20 million tons.

   Published : 2011-09-13 21:32:50

Financeroll – US import prices fell in August due to lower fuel costs, potentially giving the central bank more room for stimulus measures to boost the economy,

data showed on Tuesday.

  A drop in prices for petroleum helped push import prices 0.4 percent lower following a 0.3 percent increase in the previous month, the Labor Department said in a report. Prices for food and industrial materials also fell. Analysts polled by Reuters had expected import prices to fall 0.8 percent in August. Excluding petroleum, import prices rose 0.3 percent, accelerating from a 0.1 percent increase in July. With unemployment stuck near 9 percent and wages stagnant, more costly imports have been a principle form of inflationary pressure in the U.S. economy. Highlighting how much oil prices have risen, petroleum import prices were up 43.5 percent in August from a year earlier.

  

US Federal Reserve Chairman Ben Bernanke said last week that such pressures would ease due to tamer prices for oil and other commodities. Less inflation

pressure gives the Fed more room to try to boost growth, and policymakers are expected to unveil more stimulus measures soon.

  "The decline in market energy and commodity prices in recent weeks is likely to lead to a further easing in headline import prices," said Peter Newland, an analyst at Barclays Capital in New York. Newland said, however, the report suggested pipeline pressures at the core level continue to build, reflecting the effects of a weaker dollar and inflationary pressures abroad.

  Bernanke had suggested a rebound in auto production following Japan's March earthquake disaster -- which created bottlenecks in the industry that pushed prices higher -- would ease inflation pressures as well. Prices for imported cars and car parts were unchanged last month, while consumer goods rose 0.3 percent when autos and parts were stripped out. Export prices rose 0.5 percent in August after falling 0.4 percent in July. Economists had expected export prices to be unchanged last month.[Reuters/Financeroll/Dny]

   Published : 2011-09-13 20:10:08

Financeroll – Wall Street's edgy run is set to continue, as theindex futures point to a lower opening on Tuesday. Of late, headlines emerging about theEuropean

debt crisis have been swaying the markets and a case in point was yesterday's late-session bounce, which was brought about by news that beleaguered Italy has a

  sympathizer in the form of China. Earlier today, stocks across Europe ignored a fairly robust opening and went into a tailspin after aWall Street Journal report suggested that France's BNP Paribas doesn't have access to the U.S. money markets any more.

  As of 6:30 am ET, the Dow Jones futures index are moving down 137 points, the S&P 500 futures index are slipping 16.40 points and the Nasdaq 100 futures are declining 24.50 points. After trading below the unchanged line for the bulk of the session on Monday, weighed down by European debt worries, the major U.S. averages recovered due to a late-session buying surge, which lifted the averages moderately higher. The late-session optimism came on the back of reports that suggested that China may be buying Italian bonds, which should come as a relief for the debt-strapped nation. On the economic front, the export & import price indexes for August, which gives the changes in the prices of non-military goods and services traded between the U.S. and the rest of the world, are due out at 8:30 am ET. The consensus estimates call for a 0.3 percent drop in import prices for the month. At 2 pm ET, the Treasury Budget is due to be released. Economists expect a deficit of $132 billion for August. In corporate front, there have been some negative pre-announcements. Diodes lowered its gross margin guidance for the third quarter, citing unfavorable pricing and the need to shift the product mix to maintain full loadings at its manufacturing operations. The company, however, maintained its revenue guidance, which surrounds the consensus estimates.[RTTnews/Financeroll/Dny]

   Published : 2011-09-13 19:32:05

Financeroll – The Nikkei stock average rose 1 percent on Tuesday as short-covering emerged after a tumble the day before, but traders said gains may be short-lived

as investors focus on Europe's persistent debt woes and the U.S. economic outlook.

  A late-stage rebound on Wall Street on a report that Italy could get financial support from China helped the Nikkei move away from Monday's 2- year closing low. Traders said futures buying by program traders pushed the index higher in the afternoon as the euro rose against the yen, but the index will in the next week likely be capped below 8,732, the settlement level for futures and options expired in September.

  The market is now looking ahead to a meeting of euro zone finance ministers on Friday, which U.S. Treasury Secretary Timothy Geithner is also set to attend. While Europe's problems are in the spotlight, investors have not forgotten that the strength of the U.S. economy remains a concern. The U.S. Federal Reserve is expanding its September meeting from the original single day session to two days on September 20-21, and analysts took the move to mean that the Fed will take extra time to mull its monetary policy response to the downbeat economic outlook.

  The benchmark Nikkei gained 1.0 percent to 8,616.55, while the broader Topix index rose 1.2 percent to 749.82. The benchmark was trading well above its next major downside target of 8,227.63, the intraday low hit on March 15 when stocks were sold off after the March 11 earthquake and tsunami. Ahead of that, traders cited some support around 8,500.

  

Nintendo Co fell 5.1 percent to 12,320 yen as investors unloaded the game console maker's shares ahead of Tuesday's conference on its 3DS handheld device, a fund

  manager said, adding that a recent negative view on the company by Macquarie Securities also dampened sentiment toward the stock. At the conference, Nintendo announced a raft of new software in an attempt to prop up disappointing sales of the 3DS, but there was no sign of the add-on accessory that games blogs have said is in the works. Shares of other game companies also tumbled, with Capcom Co dropping 8.3 percent to 1,974 yen and Square Enix shedding 3.9 percent to 1,468 yen.

  

Panasonic Corp dropped 1.6 percent to 740 yen after Macquarie Securities cut its target price on the issue to 685 yen from 850 yen. Macquarie maintained its

"underperform" rating, saying the company faces macroeconomic weakness and worsening consumer electronics sales, as well as restructuring charges.

Elpida Memory surged 13 percent to 557 yen after rival Micron Technologies shares rose as much as 6 percent in U.S. trading on Monday. UBS added Micron to its

"most preferred" list based on an expected bottoming out in DRAM memory chip pricing, a factor that a fund manager said will also help shares of its competitors.

  Volume was fairly thin, with 1.69 billion shares changing hands on the Tokyo Stock Exchange's main board, compared with last week's average of 1.82 billion shares.[Reuters/Financeroll/Dny]

   Published : 2011-09-13 18:32:06

Financeroll – Australian share market had a broad-based gain today, recouping part of yesterday's heavy losses, amid speculation that China was seeking to buy into

ailing European banks.

  The domestic bourse rose more than one per cent in early trade following a late rally in US stocks that was triggered by aFinancial Times report about China's moves to purchase Italian bonds. Local shares then pulled back somewhat, with the benchmarkS&P/ASX200 index closing up 34.2 points, or 0.85 per cent, at 4,072.7 while the broaderAll Ordinaries

  

index added 33.3 points, or 0.81 per cent, to 4,158.4. On the ASX 24, the September share price index futures contract was up 41 points at 4,081 points, with

153,124 contracts traded.

  Investors seemed to be cautiously optimistic about China's discussions with Italian authorities, with the potential for Chinese investment houses to take on some of the impaired exposures in European banks. Italian authorities had responded to the Financial Times report, saying bonds were not the primary focus.

  

Energy stocks outperformed, with the sector up about 2.8 per cent after yesterday's 4 per cent fall. Origin rose 49 cents, or 3.92 per cent to $13.00, Oil

Search advanced 21 cents, or 3.6 per cent, to $6.05, Santos put on 30 cents, or 2.75 per cent, to $11.21 and Woodside gained 57 cents, or 1.75 per cent, to

  $33.14.[HS/Fr/Dny]

   Published : 2011-09-13 14:48:12

  

Jakarta - The euro fell toward its lowest level since 2001 against the yen on speculation Greece is nearing default and before Italy sells bonds today amid concern the

region’s debt crisis is worsening.

  Euro declined for a fourth day against its Japanese counterpart as traders wagered the European Central Bank will cut its benchmark interest rate over the next year, according to a Credit Suisse Group AG index. The yen gained against 14 of its 16 most-traded peers as investors bought the safest assets. The euro declined to 105.39 yen in Tokyo from 105.62 in New York yesterday. Euro traded at $1.3685 from $1.3679 yesterday. The yen rose to 77.02 per dollar from 77.21. (blmbg)

   Published : 2011-09-13 12:20:04

  Jakarta - Australian business confidence plunged last month to the lowest level since April 2009 as a rout in global equity markets and concern about contagion from Europe’s debt crisis damaged sentiment, a private survey showed. The confidence index slumped to minus 8 in August from 2 in July, according to a National Australia Bank Ltd. (NAB) survey of more than 500 companies from Aug. 24-30 that was released in Sydney today. The business conditions gauge, a measure of hiring, sales and profits, slid to minus 3 from minus 1. Monthly employment growth in Australia averaged 2,800 from January through August this year, less than a 10th of the average of 30,500 job gains in the first eight months of 2010. Australia’s currency and benchmark stock index dropped last month and the MSCI World (MXWO) Index of equities sank 7.3 percent as concern increased that the Greek fiscal crisis would drag down other euro-area economies. (blmbg)

   Published : 2011-09-13 11:11:53

Jakarta - Gold rebounded as a two-day slump made the precious metal attractive to investors looking to safeguard their wealth against financial turmoil and economic

uncertainty.

  

Gold for immediate delivery rose as much as 0.3% to $1,820.35 an ounce, and traded at $1,819.07 an ounce in Singapore. The metal, which reached a record

$1,921.15 on Sept. 6, tumbled 2.9% in the past two days as investors sold the metal to cover losses in other markets.

  December-delivery futures in New York also advanced, climbing as much as 0.6% to $1,823.30 an ounce, before trading at $1,822.60. The metal snapped a two-day gain yesterday as concern about Europe’s debt crisis eased after a report that China may invest in Italy, helping the Standard & Poor’s 500 Index erase a 1.6% drop to end the day 0.7% higher. Cash silver gained as much as 1% to $40.6925 an ounce, also rebounding from a two-day drop. Spot platinum rose 0.2% to $1,810.25 an ounce, trading below gold for an eighth time on an intraday basis. Palladium was little changed at $707.75 an ounce.(B)

  

  Published : 2011-09-13 09:52:13

  Japan -- Australian stocks rose early Tuesday, led by resource shares, as the market regained some lost ground after posting heavy losses Monday. The benchmark S&P/ASX 200 added 0.6% to 4,062.20, with a bounce in crude-oil futures overnight sending Origin Energy Ltd. up 2.4%, and Oil Search Ltd. higher by 1%. Miners also did well, with BHP Billiton Ltd. adding 1.2%, Rio Tinto Ltd. climbing 1.1%, and Fortescue Metals Group Ltd. up 1.9%.(MW/L8)

  

  Published : 2011-09-13 09:49:46

  Jakarta -- Japanese stocks rose in early Tuesday trading, helped by a rebound in some auto-maker, tech and resource shares. The Nikkei Stock Average traded up 0.4% at 8,561.18, while the Topix added 0.2% to 742.61. Techs gained ground as investors reentered the space after heavy losses in the previous session. Elpida Memory Inc. leaped 6.9%, while NEC Corp. rose 0.7%, Renesas Electronics Corp. gained 2.2% and Advantest Corp. was up 2.2%. Likewise, some car stocks rebounded, with Mitsubishi Motors Corp. rising 3.1%, and Honda Motor Co. gaining 0.7%. Stock in Suzuki Motor Corp. rose 3.2% after partner Volkswagen said it would seek to keep the two firms' agreement in place after Suzuki said it was ready to leave the tie-up. Toyota Motor Corp. lost 0.5% after Fitch downgraded the company's debt late Monday. Improvement in some commodity prices helped various resource stocks, with Inpex Corp. jumping 2.5%, and JFE Holdings Inc. adding 1.3%.(MW/L8)

  Published : 2011-09-13 09:41:47

  Jakarta -- The euro pared losses against the U.S. dollar on Monday and came off a decade-low against the Japanese yen as traders parsed through more comments from officials about Greece. The single European currency was under heavier pressure earlier on fears of a credit downgrade for French banks and signs Germany is preparing for a default by Greece. The euro traded at 105.06 yen, a decline of 0.5% from Friday. The euro dropped as low as ¥103.88, its lowest level since mid-2001. Against the dollar, the euro slipped to $1.3586, from $1.3659 in late North American trading Friday. It fell to $1.3495 during the European session. Analysts also noted that traders may have been forced to reverse some positions as certain levels were breached earlier.

  The dollar index , which measures the greenback against a basket of six other currencies, turned back up to 77.543, compared with 77.175 late Friday. (MW/L8)

   Published : 2011-09-13 09:23:10

  Jakarta -- South Korea's finance minister has signaled that the government may consider lowering its forecast of the economy's growth rate for next year due to persistent downside risks. Announcing its second-half macroeconomic management plan in June, the finance ministry had predicted that the economy, Asia's fourth-largest, would likely grow 4.8 percent in 2012. The ministry projected a 4.5 percent growth rate for this year.(YH/L8)

  

  Published : 2011-09-13 09:07:55

  Jakarta -- Treasury Secretary Timothy Geithner will attend an informal meeting of euro-zone ministers called the Ecofin on Sept. 16 in Poland, the department announced Monday. White House and Federal Reserve officials have blamed part of the U.S. market unease on the European sovereign debt crisis. U.S. officials have consistently said in their public statements they have confidence that Europe could solve the debt crisis but also asked for more decisive action from European officials. The meeting in Poland comes shortly after last Friday's meeting of the G-7 finance ministers and central bankers where the crisis in Europe was said to be the central focus.(MW/L8)

   Published : 2011-09-14 06:34:41

  

By Arief

Nikkei Futures

  Trend direction Bullish

  1

  2

  3 Resistant 8631 8683 8776 Support 8486 8393 8341

  Stop loss Target Profit Buy area 8550 8500 8650 Sell area 8670 8730 8570

   Hangseng

  Trend direction Bullish

  1

  2

  1 Resistant 19189 19387 19518 Support 18860 18729 18531

  Stop loss Target Profit Buy area 18531 18431 18631 Sell area 19180 19190 181535

   KOSPI

  Trend direction Bearish

  1

  2

  3 Resistant 237.40 241.25 243.65 Support 231.15 228.75 224.90

  Stop Loss Target Profit Buy area 231.30 230.70 234.00 Sell area 235.10 235.60 231.15

   EURUSD

  Trend direction Bullish

  1

  2

  3 Resistant 1.3749 1.3821 1.3949 Support 1.3549 1.3421 1.3349

  Stop Loss Target Profit Buy area 1.3622 1.3572 1.3722 Sell area 1.3749 1.3799 1.3649

   GBPUSD

  Trend direction Bearish

  1

  2

  3 Resistant 1.5844 1.5910 1.5951 Support 1.5737 1.5696 1.5630

  Stop loss Target Profit Buy area 1.5630 1.5570 1.5730 Sell area 1.5803 1.5853 1.5703

   USDJPY

  Trend direction Sideways

  1

  2

  3 Resistant

  77.19

  77.44

  77.64 Support

  76.74

  76.54

  76.29 Stop loss Target profit Buy area

  76.54

  76.04

  77.54 Sell area

  77.44

  77.94

  76.44 USDCHF Trend direction Bearish

  1

  2

  3 Resistant 0.8867 0.8927 0.8988 Support 0.8744 0.8692 0.8625

  Stop loss Target profit Buy area 0.8625 0.8575 0.8725 Sell area 0.8867 0.8947 0.8767

  Trend direction Bullish

  1

  2

  3 Resistant 1853.10 1873.00 1902.35 Support 1803.85 1774.50 1754.60

  Stop loss Target profit Buy area 1825.50 1817.00 1849.40 Sell area 1849.40 1853.40 1825.25

   Oil

  Trend direction Bullish

  1

  2

  3 Resistant

  90.94

  92.07

  93.64 Support

  88.23

  86.65

  85.51 Stop loss Target profit Buy area

  88.26

  87.73

  90.05 Sell area

  91.49

  92.09

  87.56

  Published : 2011-09-14 05:26:09

By Mahdianto

ASIAN INDEX FUTURES

  Nikkei Futures seems in bullish continuation trend with morning body pattern on its Daily chart. Nikkei Futures next movement probability try to hit resistant at 8615 and if it success breaking resistant then next resistant target is 8710.(MT) On Wednesday, Hangseng Futures seems in bullish reversals trend with morning star pattern on its Daily chart. Hangseng Futures next movement probability try to hit resistant at 19219 and if it success breaking resistant then next resistant target is 19531.(MT) Kospi Futures seems in bullish reversals trend with morning star pattern on its Daily chart. Kospi Futures next movement probability try to hit resistant at 235.95 and if it success breaking resistant then next resistant target is 237.50.(MT)

  FOREX

  On Wednesday, EURUSD seems bearish reversals trend with long legged doji pattern on its Daily chart. EURUSD next movement probability try to hit support at 1.3641 and if it success breaking support then next support target is 1.3580.(MT) GBPUSD seems bearish reversals trend with dark cloud cover pattern on its Daily chart. GBPUSD next movement probability try to hit support at 1.5747 and if it success breaking support then next support target is 1.5686.(MT) USDCHF seems in bullish reversals trend with doji pattern on its Daily chart. Swiss franc next movement probability try to hit resistant at 0.8831, and if it success breaking that levels then next target is 0.8910. (MT) USDJPY seems in bearish continuation trend with three outside down pattern on its Daily chart. Yen next movement probability try to hit support at 76.76, and if it success breaking support then next target is 76.17. (MT)

  COMMODITIES

  XAUUSD seems in bullish continuation trend with piercing line pattern on its Daily chart. Gold next movement probability try to hit resistant at 1843.75, and if it success breaking that level then next resistant target is 1859.40.(MT) Oil seems in bullish continuation trend with three outside up pattern on its Daily chart. Oil next movement probability try to hit resistant at 90.23, and if it success breaking resistances then next resistances target is 91.02.(MT)

   Published : 2011-09-14 05:04:55

  

By Mahdianto

STOCK INDEX

  Asian stocks rose Tuesday, taking back some of the previous session’s steep losses, as anxiety over Europe’s debt crisis calmed a little following a report that China might step in and buy Italian bonds.

  

Nikkei Futures down 0.93% on Tuesday as short-covering emerged after a tumble the day before, but traders said gains may be short-lived as investors focus on

  Europe's persistent debt woes and the U.S economic outlook. A late-stage rebound on Wall Street on a report that Italy could get financial support from China helped the Nikkei move away from Monday's 2-1/2 year closing low. The market is now looking ahead to a meeting of euro zone finance ministers on Friday, which U.S. Treasury Secretary Timothy Geithner is also set to attend.

  KOSPI Futures and Hangseng Futures were closed for holiday.

  US stocks rallied to finish higher in another volatile session Tuesday, led by industrials and materials, but investors continued to remain cautious over the euro zone debt crisis and the economy. The BRICS major emerging markets are in "preliminary stage" talks about increasing their holdings of euro-denominated bonds in an effort to help ease the euro zone debt crisis, according to a Reuters report, citing Brazilian government officials. European shares finished higher, led by banks, following news that Greek PM George Papandreou is scheduled to hold a conference call with Merkel and Sarkozy on Wednesday to focus on developments on Greece's economy.

  Apple edged higher after RBC said they see an unprecedented demand for the tech giant's new iPhone 5. RBC has an "outperform" rating on the stock and a $500 price target. JPMorgan also gained after Stifel Nicolaus upgraded the bank to "buy" from "hold." However, the bank scaled down their banking outlook, saying market revenue will be down from the second qurater and investment banking fees will be about $1 billion for the current quarter. Dow Jones industrial average was up 0.40%. The Standard & Poor's 500 Index rose 0.91%. The Nasdaq Composite Index was up 1.49%.

  

Concerns over good reports from Europe, good perform from technology and bank sectors in Wall Street may lead Asian stock indices to go up on

Wednesday. FOREX

  The dollar fell Tuesday as U.S. stocks gained, indicating some calming of fears about European debt. After bouncing around in a narrow range through the European and Asian sessions, the dollar index, which measures the U.S. unit against a basket of six currencies, fell to 76.925 from 77.543 in late North American trading on Monday. The dollar has gone back to sometimes benefiting from shifts toward safer assets in times of market turmoil, including when stocks sell off. German stocks also recovered from earlier declines.

  But the euro has held in a tight range and needs more positive news about debt or economic growth in the region to break higher. So far this month, the euro has lost about 4.5% against the dollar as worries about European debt keep popping up and the European Central Bank has hinted it may be done raising interest rates, effectively pulling out a major support for the shared currency. The Japanese yen is also viewed as a relative safe haven, and at one point on Monday, the euro dropped to ¥103.88 — its lowest level since mid-2001 against the Japanese currency. However, after the reports about possible Chinese investment in Italy, the euro recovered. The yen has been the primary beneficiary of safe-haven flows after the Swiss National Bank took aggressive actions recently to weaken the Swiss franc. France Tuesday confirmed an earlier report that Greek, German and French leaders would hold a conference call on Wednesday.

  COMMODITIES

  Gold rose 1% on Tuesday as higher U.S. crude prices and an equities rebound prompted short-covering, reversing some of the previous session's sharp drop driven by margin-call selling in outside markets. The recent lack of safe-haven bids combined with elevated price volatility, and a bearish double-top technical reversal pattern prompted bullion investors to question the metal's outlook. Global stocks recovered on hopes of political support for Greece from Europe's top powers, and U.S. crude futures also gained. On Monday, gold briefly dipped below $1,800 an ounce as euro debt fears prompted investors to sell bullion to cover losses in equities. Gold closed at 1833 or up from at 1814 on Monday.

  Crude-oil futures rallied Tuesday, extending gains as stocks stabilized on a modest easing of worries about Europe and the International Energy Agency cut its estimates for global oil stockpiles. Crude-oil futures rallied Tuesday, extending gains as stocks stabilized on a modest easing of worries about Europe and the International Energy Agency cut its estimates for global oil stockpiles. Earlier Tuesday, the IEA issued its monthly outlook report in which it cut expectations for oil demand this year and the next, citing a deteriorating global economy. The agency also said oil from Libya will be slow to return to markets, but reported lowered oil stockpiles in developed nations and lowered expectations for some supplies. The IEA cut its forecast for supplies outside the Organization of the Petroleum Exporting Countries. Stocks in countries in the Organization for Economic Cooperation and Development have fallen below their five-year average for the first time since 2008. Oil settled at 89.80 or up from 88.78 in Monday.

GMT Currency Event Volume Actual Forecast Previous

  Tue Sep 13 00:00 NZD NZD QV House Prices (YoY) low 0.1% -0.4% 00:00 NZD NZD REINZ Housing Price Index low 3223.7 3208.7 00:00 NZD NZD REINZ House Sales (YoY) low 21.1% 11.7% 00:00 NZD NZD REINZ Housing Price Index (MoM) low 0.5% -0.6% 01:00 JPY JPY Japan Manpower Survey low 10% 8% 01:30 AUD AUD NAB Business Confidence medium -8

  2 01:30 AUD AUD NAB Business Conditions low -3 -1 05:30 EUR EUR French Consumer Price Index Ex Tobacco low 122.59 121.94 Index 05:30 EUR EUR French Consumer Price Index (YoY) low 2.2% 2.0% 1.9% 05:30 EUR EUR French Consumer Price Index (MoM) low 0.5% 0.3% -0.4%

  05:30 EUR EUR French Consumer Price Index - EU Harmonised (YoY) low 2.4% 2.2% 2.1% 05:30 EUR EUR French Consumer Price Index - EU

  Harmonised (MoM) low 0.6% 0.3% -0.5% 06:45 EUR EUR French Current Account (euros) low -4.5B -3.4B 08:30 GBP GBP Retail Price Index Ex Mort Int.Payments

  (YoY) low 5.3% 5.2% 5.0% 08:30 GBP GBP Retail Price Index (YoY) low 5.2% 5.1% 5.0% 08:30 GBP GBP Retail Price Index (MoM) low 0.6% 0.6% -0.2% 08:30 GBP GBP Retail Price Index low 236.1 235.9 234.7 08:30 GBP GBP Core Consumer Price Index (YoY) high 3.1% 3.0% 3.1% 08:30 GBP GBP Consumer Price Index (YoY) high 4.5% 4.5% 4.4% 08:30 GBP GBP Consumer Price Index (MoM) medium 0.6% 0.6% 0.0% 08:30 GBP GBP DCLG UK House Prices (YoY) low -1.5% -1.2% -2.0% 08:30 GBP GBP Visible Trade Balance Total GBP Millions medium -4450 -4200 -4496 08:30 GBP GBP Visible Trade Balance GBP Millions medium -8922 -8500 -8873 08:30 GBP GBP Visible Trade Balance Non EU GBP Millions medium -5505 -5450 -5718 11:30 USD USD NFIB Small Business Optimism low

  88.1

  88.0

  89.9 12:30 USD USD Import Price Index (MoM) low -0.4% -0.8% 0.3% 12:30 USD USD Import Price Index (YoY) low 13.0% 12.5% 13.8% 14:00 USD USD IBD/TIPP Economic Optimism low

  37.5

  35.8 18:00 USD USD Monthly Budget Statement medium -$132.0B -$90.5B Wed Sep 14 00:30 AUD AUD Westpac Consumer Confidence medium -3.5% 00:30 AUD AUD Westpac Consumer Confidence Index low

  89.6 01:00 AUD AUD DEWR Internet Skilled Vacancies (MoM) low -0.8% 01:30 AUD AUD Dwelling Starts medium 2.0% 3.1% 03:00 NZD NZD Non Resident Bond Holdings low 60.1% 04:00 JPY JPY Tokyo Condominium Sales (YoY) low -1.3% 04:30 JPY JPY Industrial Production (MoM) low 0.6% 04:30 JPY JPY Industrial Production (YoY) medium -2.8% 04:30 JPY JPY Capacity Utilization (MoM) low 5.2% 06:00 JPY JPY Machine Tool Orders (YoY) medium 15.3% 07:15 CHF CHF Producer & Import Prices (MoM) low -0.4% -0.7% 07:15 CHF CHF Producer & Import Prices (YoY) low -1.1% -0.6% 08:30 GBP GBP Claimant Count Rate medium 5.0% 4.9% 08:30 GBP GBP Jobless Claims Change high

  35.0K

  37.1K 08:30 GBP GBP Average Weekly Earnings (3M/YoY) medium 2.7% 2.6% 08:30 GBP GBP Weekly Earnings exBonus (3M/YoY) low 2.1% 2.2% 08:30 GBP GBP ILO Unemployment Rate (3M) medium 7.9% 7.9% 09:00 EUR EUR Euro-Zone Industrial Production s.a. (MoM) low 1.5% -0.8% 09:00 EUR EUR Euro-Zone Industrial Production w.d.a.

  (YoY) medium 4.6% 2.6% 11:00 USD USD MBA Mortgage Applications low -4.9% 12:30 USD USD Retail Sales Less Autos medium 0.2% 0.5% 12:30 USD USD Advance Retail Sales high 0.2% 0.5% 12:30 USD USD Producer Price Index Ex Food & Energy

  (YoY) medium 2.6% 2.5% 12:30 USD USD Producer Price Index (YoY) medium 6.4% 7.2% 12:30 USD USD Producer Price Index Ex Food & Energy

  (MoM) low 0.2% 0.4% 12:30 USD USD Producer Price Index (MoM) low -0.1% 0.2% 12:30 CAD CAD Capacity Utilization Rate low 78.0% 79.0% 14:00 USD USD Business Inventories medium 0.5% 0.3% 14:30 USD USD DOE U.S. Gasoline Inventories low 199K 14:30 USD USD DOE U.S. Distillate Inventory low 709K

  14:30 USD USD DOE Cushing OK Crude Inventory low -396K 14:30 USD USD DOE U.S. Crude Oil Inventories low -3963K 21:00 NZD NZD Reserve Bank of New Zealand Rate high 2.50% 2.50% Decision 22:30 NZD NZD Business NZ Performance of medium

  53.2 Manufacturing Index