DATE
PROFIT
12 September 2011 -1661.27
09 September 2011 -5887.52
Monday, 12 September 2011
PRODUCT
TIME
SIGNALS
PRICE
PROFIT
FOREX 12 September 2011 BUY USDCHF at 0.887
TP at 0 SL at 0.882 0.882 566.89
FOREX 12 September 2011 SELL XAUUSD at 1828.45
TP at 0 SL at 1814.8 1814.8 -1365
FOREX 12 September 2011 SELL EURUSD at 1.3596
TP at 0 SL at 1.3656 1.3656 600
FOREX 12 September 2011 BUY EURJPY at 104.29
TP at 0 SL at 104.5 105.42 -1463.16
Bank of America says will cut 30,000 positions
Published : 2011-09-12 23:45:59Jakarta – Bank of America ticked higher on Monday after it said it would cut 30,000 jobs "over the next few years" as part of a review of its consumer business.
The Charlotte, N.C., lender said it expects that attrition and the "elimination of appropriate unfilled roles" will be a significant part of the expected decrease in jobs. Bank of America plans to save $5 billion a year by 2014, as part of a Phase I plan by the bank.
Phase II is scheduled to begin in October and continue through March, 2012 to address business segments not yet covered, the bank said. Shares of Bank of America rose 0.7% to $7.04 after trading in negative territory earlier in the day.[Mw/Fr/Dny]
US stocks open sharply lower as Europe weighs
Published : 2011-09-12 23:27:21Jakarta – US stocks tumbled Monday as worries of a credit rating downgrade of French banks increased worries about Europe's debt troubles.
The Dow Jones Industrial Average fell 120.07 points to 10,872.06. The Standard & Poor's 500 Index shed 9.85 points to 1,144.38. The Nasdaq Composite Index declined 12.49 points to 2,455.50.[Mw/Fr/Dny]
Societe General, ING drag Europe stocks sharply lower
Published : 2011-09-12 22:37:09Jakarta –European stock marketsextended losses on Monday afternoon on increased fears that Greece is headed for a default, asFrench banksled losses on speculation they could be downgraded over their exposure to that troubled euro-zone nation.
TheStoxx Europe 600 indexslid 2.5% to 218.83, following closed down 2.6% on Friday, rattled by news that Juergen Stark, a member of the European Central Bank’s executive board and governing council, will step down by year’s end. European-sovereign-debt worries continued afresh on Monday, driving Asia stocks lower, while Wall Street opened lower as well.
TheFrench CAC 40 index,off 4% to 2,853.85, bore the brunt of Monday’s losses withBNP Paribas SAplunging 12%, andCredit Agricole SAandSociete Generale SAeach off more than 8%. Societe Generale released a statement Monday, trying to reassure investors over its exposure to Greek debt and also said it will free up 4 billion euros ($5.4 billion) in capital by 2013 via business asset disposals.
The German DAX 30 index fell 2.8% to 5,043.49, with shares of Deutsche Bank AG sinking 6.5%. Commerzbank AG fell 5.5%.
Also in banking news, shares ofINGdropped 8%. The Federal Reserve reportedly scrutinized the proposed acquisition of ING’s U.S. online-banking business byCapital One Financial Group.
Banks also fell in London as overall European bank sector weakness weighed, though generally losses were less severe. TheFTSE 100 indexfell 2% to 5,108.24. With HSBC Holdings PLCsank 1.5%, after dropping to a more than 2-year low in Hong Kong following Friday’s surprise resignation ofMark McCombe,the chief executive of the group’s Hong Kong unit. The group is also heavily exposed to Europe.[Mw/Fr/Dny]
Jakarta–Wall Streetmay see more weakness on Monday, as theEuropean debt crisistook a turn for the worse. Persistent worries about a probable default by Greece and its implications for banks holding Greek government debts have dragged the global equity markets lower.
The negativity is expected to be contagious, as this extraneous worry could further worsen trader sentiment, which has taken a beaten recently due to the spate of anemic domestic economic data released recently.
Earlier before opening, theDow Jones futureswere down 166 points, theS&P 500 futuresare retreating 18.20 points and theNasdaq 100 futuresare slipping 28.75 points.
Readings onmanufacturing, inflation and consumer spending are likely to be in focus in the unfolding week, as the economy navigates through a crucial phase. Traders are expected to pay attention to the results of theNew York and Philadelphia Federal Reserves' manufacturing surveysfor September, theFederal Reserve's industrial production report, the Commerce Department's retail sales report for August and the weekly jobless claims report.
Additionally, the preliminary reading of theReuters/University of Michigan's consumer sentiment surveyand theproducer and consumer price inflation reportsfor August may garner some attention. TheLabor Department's import and export prices reportfor August, thebusiness inventories reportfor July, the Treasury Budget for August, a Fed speech and The Treasury auctions of 3-year and 10-year notes and 30-year bonds round up the economic events of the week.
Dallas Federal Reserve President Richard Fisher is due to speak on monetary policy in a global context to NABE annual meeting in Dallas at 5 pm ET.[Rtt/Fr/Dny]
Hong Kong shares tumble, HSBC leads retreat
Published : 2011-09-12 20:31:15Jakarta–Hong Kong sharesfinished down 4.21 percent led by HSBC Holdings Plc , which dropped to its lowest since July 2009 on concern over costs related to banking reforms in Britania.
TheHang Seng Indexshed 836.09 points to close at 19,030.54, breaking below trendline support connecting intraday lows over the past month and paving the way for a retest of the Aug. 9 low at 18,868.1. TheChina Enterprises Indextumbled 4.8 percent. Hong Kong markets are shut on Tuesday for the Mid-Autumn Festival while Chinese markets on the mainland were shut on Monday.
Europe's largest lender HSBCfell 5.5 percent to levels last seen in July 2009, while smaller rivalStandard Chartered Plclost 4.4 percent on concern over the impact of banking reforms in Britain. TheIndependent Commission on Bankingoutlined plans to shield bank retail operations from riskier investment banking units, with the estimated cost of its proposals at 4-7 billion pounds for Britain's banks.[Rtr/Fr/Dny]
Europe debt worry dragged Nikkei ends at more than 2 years low
Published : 2011-09-12 19:05:20Jakarta– TheNikkei averageskidded more than 2 percent on Monday to a fresh 2-1/2 year closing low on concerns thatEurope's sovereign debtwoes and falls in US share prices will deepen.
Senior politicians inGerman Chancellor Angela Merkel's center-right coalition have started talking openly about the possibility of aGreek default,raising concerns among investors already spooked by the surprise resignation of a European Central Bank board member last week.
US stock futuresalso fell, raising fears that U.S. stocks will continue dropping after they tumbled more than 2 percent on Friday on concern whether the euro zone will be able to get its debt crisis under control.
The benchmark Nikkei fell 2.3 percent to 8,535.67, its lowest close since 8,493.77 marked on April 28, 2009. The broader Topix index shed 1.9 percent to 741.26.
Nikkei were supported by hopes thatJapan's central bankwould buy assets through itsliquidity-boosting program,as it typically has done on days of steep stock losses.
Investors are awaiting theUS central bank'spolicy-setting Federal Open Market Committee meeting on September 20-21 to see if it will adopt further accommodative steps to stimulate the US economy, analysts said.[Rtr/Fr/Dny]
Jakarta–Australian stockslost more than $45 billion in value today, the biggest fall since the sell-off in early August, as growing worries about theEuropean debt crisis and global growth swept through markets and pushed investors out of riskier assets such as stocks.
At the close, the benchmarkS&P/ASX200was down 156.2 points, or 3.7 per cent, at the day's low of 4038.5, while the broaderAll Ordinaries indexslumped 152.3 points, or 3.6 per cent, to 4125.1. All sectors were deep in the red, with financials plunging 3.9 per cent, materials off 3.7 per cent and energy losing 4.9 per cent.
At the weekend, the topGerman European Central Bank board memberquit andsenior German politiciansstarted raising the possibility of a Greek debt default, stoking market fears that the euro zone's debt crisis will escalate.
Regional share markets also fell, with Japan's Nikkei index dropping to levels last seen mid-March, when the country was hit by a devastating earthquake. Dow futures were down 144 points at 10,805, pointing to losses at the start of trade on Wall Street later tonight.[SMH/Fr/Dny]
Germany give up in fight to save Greece
Published : 2011-09-12 10:26:42Jakarta- Germany may be getting ready to give up on Greece, as measures in the credit markets signal growing concern about the smaller nation’s ability to repay investors.
Yields on Greek two-year notes rose 1.93 percentage points to 57 percent on Sept. 9, according to data compiled by Bloomberg. Credit-default swaps to insure the country’s five- year bonds and to speculate on government securities jumped 475 basis points to a record 3,500 basis points, according to CMA. The contracts are the highest in the world and more than three times the 1,134 basis points on Portugal’s debt.
After almost two years of fighting to contain the region’s debt crisis and providing the biggest share of three European bailouts, German Chancellor Angela Merkel is laying the groundwork for what markets say is almost a sure thing: a Greek default.
“It feels like Germany is preparing itself for a debt default,” Jacques Cailloux, chief European economist at Royal Bank of Scotland Group Plc in London, said in an interview. “Fatigue is setting in. Germany could be a first mover or other countries could be preparing too.”
Officials in Merkel’s government are debating how to shore up German banks in the event that Greece fails to meet the budget-cutting terms of its aid package and is unable to get a bailout-loan payment, three coalition officials said Sept. 9. The move capped a week of escalating German threats that Greece won’t get the money unless it meets fiscal targets, and as investors raised bets on a default. (blmbg)
Support 1.5793 1.5727 1.5680
Nikkei Futures seems in bullish reversals trend with three black crow’s pattern on its Daily chart. Nikkei Futures next movement probability try to hit resistant at 8515 and if it success breaking resistant then next resistant target is 8595.(MT)
Hangseng Futures will be close for Holiday (Mid-Autumn Festival)
Kospi Futures close for holiday (Thanksgiving Day or Chuseok Day).
FOREX
On Tuesday, EURUSD seems bullish reversals trend with hammer pattern on its Daily chart. EURUSD next movement probability try to hit resistant at 1.3702 and if it success breaking resistant then next resistant target is 1.3794.(MT)
GBPUSD seems bullish reversals trend with hammer pattern on its Daily chart. GBPUSD next movement probability try to hit resistant at 1.5884 and if it success breaking resistant then next resistant target is 1.5961.(MT)
USDJPY seems in bearish reversals trend with hanging man pattern on its Daily chart. Yen next movement probability try to hit support at 76.95, and if it success breaking support then next support target is 76.37. (MT)
COMMODITIES
XAUUSD seems in bearish trend with three inside down pattern on its Daily chart. Gold next movement probability try to hit support at 1804.70, and if it success breaking support then next support target is 1781.25.(MT)
Oil seems in bullish trend with piercing line pattern on its Daily chart. Oil next movement probability try to hit resistances at 89.46, and if it success breaking resistances then next resistances target is 90.63.(MT)
Daily Outlook - Fundamental Analysis
Published : 2011-09-13 04:37:11By Mahdianto
STOCK INDEX
Asian stocks plunged in Monday trading, with some shares hitting multiyear lows, after renewed fears over Europe’s sovereign-debt crisis led to steep selling in U.S. and European markets at the end of last week.
Nikkei Futuresdown 2.28% on Monday, on Monday to a fresh 2-1/2 year closing low on concerns that Europe's sovereign debt woes and falls in U.S. share prices will deepen. Senior politicians in German Chancellor Angela Merkel's centre-right coalition have started talking openly about the possibility of a Greek default, raising concerns among investors already spooked by the surprise resignation of a European Central Bank board member last week.
Suzuki Motor Corp closed 2.8% lower, after it said it plans to end its capital and business alliance with Volkswagen and that it will ask Volkswagen to sell its stake in Suzuki. Shares in Sharp Corp fell 5.0% after an analyst at Mizuho Securities cut his fair value estimate on the stock to 630 yen from 750 yen. Honda Motor Co lost 3.8% after the car maker said it was recalling almost 347,000 Pilot sport utility vehicles worldwide due to a potential problem with their front seat belts.
KOSPI Futures close for holiday.
Hangseng Futures end down 4.21% on Monday, t their lowest level in more than 15 months, as fears intensified over further deterioration of the European debt crisis, with banking giant HSBC leading the decline, while Chinese property developers fell because of lower property sales. Monday's share-price declines came after U.S. markets fell Friday, while a report by The Wall Street Journal that three major French banks could be downgraded by Moody's this week because of their Greek exposure increased investors' jitters.
Stocks rallied in the final hour to finish near session highs Monday, erasing their earlier losses in choppy trading, following an FT report that China was in talks with Italy to purchase its bonds. Stocks were trading lower for most of the day amid ongoing worries over Greece's mounting debt and as French banks braced for a possible downgrade by Moody's. Italy’s government is looking to China to see if they will make "significant" purchases of the debt-ridden nation's bonds and investments in strategic companies. According to Italian officials, China Investment's chairman Lou Jiwei, visited Rome last week for talks with finance minister Giulio Tremonti and Italy’s Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors, according to the report. Italian officials said further negotiations are expected to take place soon.
Dow Jones industrial average was up 0.63%. The Standard & Poor's 500 Index rose 0.70%. The Nasdaq Composite Index was up 1.1%.
Concerns over good reports from Italy, Obama plan and the rose of shares in Wall Street may lead Asian stock indices to go up on Tuesday.
FOREX
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.
European Central Bank President Jean-Claude Trichet, speaking after a gathering of central bankers in Basel, stressed that central banks across the globe “stand ready” to act if needed to bolster the global economy. Read more about ECB’s Trichet. Weighing on the shared currency during the European session, French bank stocks were under heavy pressure from a Bloomberg News report on Saturday that said three of them were vulnerable to a downgrade from Moody’s Investors Service because of their exposure to Greece’s sovereign debt.
The euro slipped Friday after Juergen Stark, a German member of the ECB’s six-member executive board, resigned unexpectedly. The ECB said Stark stepped down for “personal reasons” but news reports tied the move to discord within the ECB over the bank’s bond-buying program.
The euro recovered all its losses against the U.S. dollar on Monday and traded in positive territory as a Financial Times story that Italy was in talks with a Chinese fund to buy Italian bonds reached more investors. The Financial Times reported that according to Italian officials, Lou Jiwei, chairman of China Investment Corp, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italy's Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors.
The weekend meeting ofGroup of Seven financeministers and central bankers in France provided no concrete plan to address fears over weakening global growth or rising currency tensions. A joint statement said the G-7 would take “all necessary actions to ensure the resilience of banking systems and financial markets.”
COMMODITIES
Oil for October delivery rose 1.1%, to settle at $88.19 a barrel. It rose as high as $88.95 a barrel earlier, shaking off a weak start of floor trading and sharp losses during Europe and Asian trading hours. The higher settlement also snapped a two-day losing streak. The early declines had extended Friday’s 2% drop, as the threat of a ratings-agency downgrade to French banks over their exposure to Greece compounded concerns about the European financial system and pulled down equities.
Another boost may have come from a monthly report from the Organization of the Petroleum Exporting Countries. OPEC cut its oil-consumption expectations this year and the next, citing global economic weakness.
GMT
Currency
Event
Volume
Actual
Forecast Previous
Mon Sep 12 JPY JPY Nationwide Department Store Sales (YoY) low -0.1% JPY JPY Tokyo Department Store Sales (YoY) low -1.3%
00:00 NZD NZD QV House Prices (YoY) low -0.4%
01:30 AUD AUD Trade Balance (Australian dollar) medium 1826M 1900M 1817M 08:00 EUR EUR Italian Industrial Production n.s.a. (YoY) low -4.6% 1.0% 0.1% 08:00 EUR EUR Italian Industrial Production w.d.a. (YoY) low -1.6% 0.2% 0.1% 08:00 EUR EUR Italian Industrial Production s.a. (MoM) low -0.7% 0.1% -0.8% 20:00 USD USD Fed's Fisher Speaks on Monetary Policy in
Dallas low
22:01 EUR EUR Germany Fourth Quarter Manpower
Employment Outlook low
22:45 NZD NZD Manufacturing Activity medium 2.1% 2.7% 22:45 NZD NZD Manufacturing Activity Volume SA QoQ medium -0.7% 1.0% 1.4%
22:45 NZD NZD Food Prices (MoM) low -1.3% 2.0%
23:01 GBP GBP RICS House Price Balance medium -23.0% -23.0% -22.0%
Tue Sep 13 01:00 JPY JPY Japan Manpower Survey low 8.0
01:30 AUD AUD NAB Business Confidence medium 2
01:30 AUD AUD NAB Business Conditions low -1
04:01 AUD AUD Australia Manpower Survey low 17.0%
04:01 NZD NZD New Zealand Manpower Survey low 17.0% 05:30 EUR EUR French Consumer Price Index Ex Tobacco
Index low 121.94
05:30 EUR EUR French Consumer Price Index (YoY) low 2.0% 1.9% 05:30 EUR EUR French Consumer Price Index (MoM) low 0.3% -0.4% 05:30 EUR EUR French Consumer Price Index - EU
Harmonised (YoY) low 2.2% 2.1%
05:30 EUR EUR French Consumer Price Index - EU
Harmonised (MoM) low 0.3% -0.5%
06:45 EUR EUR French Current Account (euros) low -3.4B 08:30 GBP GBP Retail Price Index Ex Mort Int.Payments
(YoY) low 5.2% 5.0%
08:30 GBP GBP Retail Price Index (YoY) low 5.1% 5.0% 08:30 GBP GBP Retail Price Index (MoM) low 0.6% -0.2%
