(Day of the traditional culture inheritance) Tuesday, South Africa closed on Thursday 23 (Mon) Toky

Affect the depreciation of the yen, "tax-oriented market, of late autumn, FOMC, three Governor remark, trade statistics and Europe ZEW 9/16 (Mon)" affect the weaker yen tax-oriented market, of late autumn, FOMC, such as a three president remarks "Overall, contrarian is effective nuclear united kingdom population is "recent triple-A +2 H remark" ID Exchange regarding "consumption tax increase three currency pairs technical" authorities, circle impermanence "main policy united kingdom population rate, CPI, German united kingdom population general united kingdom population election" supply and demand "German general election" Technical South Asuisu 120th anniversary of "iron pier completion Iraq prolonged", Iran, Palestine, North Korea "Yokohama Shonan news what" risk "
It is Strong (2008 = 100) 102.7 yen, dollar Yowashi 103.0, Yowashi Euro 95.2, the dollar index IN NYBOT81.5 same, mightier CRB291.02 change from 11 days Tokyo closed September Nikkei index September 13, crude oil 108.21 mightier, and Yowashi gold 1308.6, mightier DOW15376.06, Nikkei average Durbe - and mightier graphics Tokyo closed 144.30, 10 days yen -95066 IMM yen speculators September (since last week -15 305), Euro Tasu12696 (-10 042 since last week)
16 (Mon) Tokyo closed for (Respect united kingdom population for the Aged Day) Eurozone consumer price index U.S. NY Fed manufacturing index economy industrial production capacity utilization rate 17 (Tue) RBA minutes British united kingdom population producer price index consumer price index Hong Kong unemployment rate Eurozone housing price trends BOE minutes South Africa consumer price index retail sales U.S. housing starts construction of 70 urban (water) major Chinese ZEW business confidence survey German ZEW economic sentiment survey the U.S. consumer price index to the U.S. Securities and investment NAHB housing market index 18 approvals FOMC policy rate 19 (Thursday) Date Trade Statistics Flow of Funds Statistics NZ GDP Swiss trade balance Swiss central bank policy rate British retail sales U.S. initial jobless claims current account Philadelphia Fed business conditions united kingdom population index rice leading economic indicators used home sales South Africa central bank policy rate 20 (gold) Hong Kong closed for (Mid-Autumn Festival) pressurized consumer price index Eurozone consumer confidence-breaking 22 (Sun) German general election
(Day of the traditional culture inheritance) Tuesday, South Africa closed on Thursday 23 (Mon) Tokyo closed on Thursday (Autumnal Equinox Day) Germany PMI manufacturing PMI service sector breaking breaking united kingdom population Eurozone PMI manufacturing PMI service sector breaking-breaking Hong Kong consumer price index 24 Germany IFO business climate index pressurized retail sales U.S. S & P / Case Shiller Home Price Index Home Price Index Richmond Fed Manufacturing Index U.S. consumer confidence index 25 (water) NZ trade balance U.S. durable goods orders new home sales number 26 (Thursday) British GDP current account trade balance united kingdom population Kakuho Hong Kong South Africa Producer Price Index U.S. GDP Kakuho value Jobless home sales restrictions 27 (Fri) day national consumer price index GDP Kakuho French German consumer price index breaking the U.S. personal income personal expenditure PCE 2 deflator University of Michigan consumer confidence index Kakuho. "Impact on the weaker yen tax-oriented market, of late autumn, FOMC, three Governor remark, trade statistics and European ZEW, policy rate, CPI, south Asuisu the German general election" Summary
Stock yen weakens in the coverage of the consumption tax increase Chikashi decision. Not related to exchange and international commitment united kingdom population concern of fiscal deficit of Japan such as moderate. Exchange supply and demand in the tax increases only to worry about. Investment will also reduce disposable income is reduced by the tax increase. Capital account deficit is reduced. Confusion might come out a little united kingdom population scenario of weak yen from late autumn and early winter of imports united kingdom population increased gradually from autumn. united kingdom population (Which is the short period from 2004 to say in the past) became the highest confidence of the past in the study of the same content as the Tankan, but it is getting worse from the perspective united kingdom population of the previous survey. The August united kingdom population Economy Watchers Survey is also five consecutive months deterioration. I feel that Cub line or hidden-line, short at a high price (of the economy) united kingdom population is out to speaking chart basis. Bank of Japan and the monthly report united kingdom population has been revised upward economic decision, but the future seems anxiety is due to the economic indicators of the second quarter a lot. Asked is the only weak yen in late autumn. Forecast is a forecast deficit of 1.1 trillion yen, the announcement united kingdom population of the August trade statistics this week. The payment of foreign currency investment trusts often continue.
Now reduction of QE3 at the FOMC is the focus this week. Forecast has become a reduction of $ 10 billion united kingdom population around first. More conservative deal will be made, such as the weak employment because united kingdom population has been conspicuous U.S. economic indicators of recent. Lagarde IMF managing director also are concerned about the turmoil in emerging economies due to reduction of U.S. monetary easing. It is important event, which is also conference Bernanke. The White House has been "U.S. President Barack united kingdom population Obama has not been a decision on the FRB chairman" and the replacement of personnel Bernanke. This week, the United States will be announced also many indicators NY Fed manufacturing business index, industrial production, and the NAHB housing market index jobless claims Philadelphia Fed business conditions index leading economic indicators used home sales, including the CPI. Tension is relaxed in the proposed management of chemical weapons in Russia Syria issue. Many indicators have been improved slightly while in Europe, but Germany united kingdom population employment, retail sales, such as the euro zone industrial production index is weak the rhythm collapsed two weeks. It has to adhere to the policy of maintaining long-term "low interest rates, Draghi President's in its infancy still seedlings. Recovery does not justify the higher interest rates of some of the short-term money market current state of the eurozone economy. I spoke to remember that showed a behavior that enthusiasm to improve the indicators and "not. Just euro this year running the premier annual ranking currency so far strongly bought as a consideration for the weak yen and the commodity currencies and, in the trade surplus with the recovery expected.
Now currency resources such as the Australian united kingdom population dollar, which has been remained weak from April to bottoming out in August, September has risen. But largely due to economic recovery in China is greater than say all of these countries also domestic factors. Exports recovery, retail sales, industrial production improvement under the calm inflation, stock prices are rising in that it has announced a stimulus package in China. Resource-rich countries economy seems to have been built in the Chinese economy. Employment is still anxiety Australian. Strong economic data was followed by the first half of this year, but NZ is the announcement of 2Q GDP in the mixed reviews recently. Forecast is made +0.2% year-on-year, and 2.3% over the previous year. The central bank, which intervened in the NZ dollar selling suggests rate hike next year this year. South Africa wants the determination of the policy rate. Inflation concern is strong in the weak economic data. The announcement of the policy rate through the announcement CPI, retail united kingdom population sales (or deferred).
German Bundestag elections will be held on September 22. Such as the deal is evaluated to the European debt crisis, the Christian Democratic united kingdom population and social alliance of center-right Prime Minister Merkel led by likely to maintain the first party, but of seats together with the Liberal Democratic Party is a partner of the conservative coalition government of current focus to ensure a majority, or can maintain the coalition. According to the latest survey, 39% alliance, support rate was 6% Liberal Democratic Party, a majority of the seats ensure subtle. On the other hand, opposition side is 25% Social Democrats, Greens 9%, and 10% Left Party. It is expected that if the coalition framework of the Liberal Democratic Party and the alliance was maintained, without the tax increase, the current policy that emphasizes the competitiveness of the company is continued. Just voice reluctant to add support for the Greek debt crisis is deep-rooted within the LDP, friction with the alliance to consider additional support is also expected. If you do not take the seats it does not reach 5% of the minimum percentage of votes required to win seats in the Liberal Democratic Party, the possibility of the Social united kingdom population Democratic Party and the Alliance of "conservatives grand coalition" is increased. For the "parent Europe", environment to Greece additional support is ready traditionally Social Democratic Party. But the alliance is opposed to such legal minimum wage and the introduction of tax increases that the Social Democratic Party claims, it is necessary to adjust. If not satisfied, united kingdom population there is a possibility of coalition with the Green Party and the Alliance for the first time in national politics united kingdom population also grand coalition. It's both, which has been conflict and around the primary policy, but nuclear phase is already legislated, the largest barriers have disappeared. 4. Technical "three major currency pairs Technical"
* It comes out on the long descent line of the 8th-July 22, dollar-yen = May, but sluggish united kingdom population consumption tax increase observed. Three consecutive hidden lines is late last week. I come out under elevated line of 6 to 10 September, the rise of the 6th line-September August 28. Friday last week extends in the first half in foreign demand for Ghotbi before 3 day weekend, but I end up hidden line loss also peddle out long or often. The 5th line is flat. The pullback from the upper limit in the Boriban. Descending line of 11 to 13 September is upside resistance. Lower price or long descent line of the 8th-July May 22 clouds. Weekly stick exits above the fall line of the 8th Week-July week May 20. Rising line of -26 days a week Week August 12 is supported. Tsukiashi are missing above the fall line of -8 7 years year leg missing above the line of descent from May to July.
* = Year Eurodollar currency rankings are doing fierce battle top spot in U.S. dollars but lead one step. Economic indicators that we have continued to improve united kingdom population is also appear weak, there is also sluggish. Rising line of 6 to 9 September was pulled under. But the 5th line is picking up yet because it is flat. Boriban moderate. Upside resistance Boriban and upper elevation line of 6 to 9 September. Cloud, downside is a lower limit Boriban Boriban narrow. Weekly stick is whether or not to leave on the descent line of -26 days a week Week August 19 yet. Descending line of the 2nd Week-September week August 26 coming out above, rising line of -9 days a week Week September 2 are made. Tsukiashi I pulled down the rising line of July to August 12. June was pulled down in the upper beard line rise of gentle-May-April, but July was comeback under beard. Year foot dead heat with the dollar.
* Under opener, three consecutive hidden lines the rise line of -9 days 06 euro-yen = September. I fall along the line of 11 to 12 September. Pullback from Boriban upper limit. The 5th line up yet. Support or rising line of the 6th-September August 30. Descending line of -29 days a week Week July 22 is by far above but weekly stick is by far below rising line of -19 days a week Week August 12. Small movement. united kingdom population Mon foot support is rising line of August to November united kingdom population last year. I just remain restrained from May. Year foot rise by far above the fall line of -10 years 8 years.
* Abe = consumption tax increase corporate and * Aso Finance Minister = consumption tax increase that to ensure the tax revenue realization of a virtuous cycle, by economic growth, you want to lead to fiscal consolidation and it is determined in early October, the key to deflation success after entering the menu of economic policy challenge for the reduction do not think talking to lower the corporate tax and pass the world, that you devalue the currency for Japan's economic policy is not the main purpose of * Amari economic revival ministers = the effective corporate tax rate are looking at are, need attention to downside risks overseas, Kuroda Bank of Japan Governor and has gotten smooth path, made a statement and deflation possible even if the consumption tax increase Kuroda Bank of Japan Governor is * Hamada Cabinet Secretariat participation = Prime Minister showed a certain understanding "It's appropriate direction" for that it has consolidated its intention united kingdom population to pull up to 8% from 5% consumption tax rate from April next year, and summarize the economic policy of 5 trillion yen. I also said "probably united kingdom population a natural flow of politics". * Honda Cabinet Secretariat participation = "Status placed in Japan is serious and complex. Deflation of 5 years, united kingdom population or can be determined by the GDP of six months" as expressed concern over the consumption tax increase of prime minister.
Old crisis Asian economic crisis, Enron, Lehman, Shanghai, shadow bank crisis, Dubai, and Greece was to buy a little park. But there was no chance (s) that buy for a long time the bubble burst in Japan. Crisis is probably a buying opportunity of the best nuclear. That coverage of the crisis is exaggerated, because it is one debt crisis many another, the world would be to have experience that can deal with it enough. There may be a bankruptcy if the hero of the crisis of the private sector, united kingdom population but it is one that is going to bounce back without failure in the case of the State. It was said be hazardous "contrarian" in the old days. Where I did not grasp or bottom. I feel dangerous also slow in reverse order tension now. Because united kingdom population there is no long-term economic recovery. 7. "Prolonged Iraq, Iran, Palestine, North Korea" risk
------------------------------------------------ Expanding domestic demand - deregulation - market opening - small government - a balanced budget - self-responsibility - fair 50 - ultra-strong yen -100 - yen -150 - usually circle -200 - weaker yen -250 - Ultra-weak yen - deflation of the "world's best correctly interesting "Coexistence of high prices is weakness in Japan and" age "FX Shonan mission statement to select the" country "(Yokohama office countryside, Yamashita Park, Izuinatori) FSIG FX Shonan investment group representative Nomura Masamichi Senshu University, Chukyo University lecturer
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