The Australian Dollar is experiencing consolidation within a
high of 1.0628 and a low of 1.0289. We are anticipating a breakout in this market and will be monitoring the direction for an entry. Price breaks below 1.0200 will provide a strong selling opportunity, while a price break above1.0700 will provide a buying opportunity that could continue for an extended period. Check FC Futures online for further updates on this analysis and other market research.

DISCLAIMER: There...

Stocks
China’s interest-rate swaps increased as the Bank of China increased its lending interest rates; the consumer price index will hit a new high in this month as the result of this interest rate hike, the one-year swap contract gained six basis points to 3.27 percent yesterday. China’s central bank raised interest rate to overtake Japan’s economic growth, because it is the world’s second largest country in economic growth in 2010.
Japanese stocks rose after the decline of U.S....

The USD is getting knocked around again today, as the chaos in the Mid-East continues, threatening to wreck the global economic recovery because of high energy prices. Part of the problem in the US, which threatens the USD, is an energy policy that discourages US production. One aspect of this policy was revealed in an editorial by Steve Forbes in the politico.com today, who said:

"By freezing U.S. energy assets in the Gulf and keeping 97 percent of our offshore oil and gas...

This morning it was reported that the Euro CPI y/y was up 2.3% above the 2% target. The core rate increase was a subdued 1.1% y/y, a nice number but not nearly as important as the higher CPI. Yes, the 2.3% increase was a clarion call for the European Bankers to suit up into their battle gear, and get ready to fight inflation. Never mind that food and oil price increases, something beyond the control of the bankers was the cause, these pugnacious bankers were getting ready for battle.
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The forex rate of US dollar against Euro went up in the forex market as American economic data was much better than expectation. US non-farm unemployment decreased much on January in 2011, so the forex investors have more confidence on the measures for economic prospects by Federal Reserve. Meanwhile, the forex investors hoped that Federal Reserve could reduce the scale of the second round of Quantitative easing policy.

In addition, the forex rate of Euro versus US dollar went down...