Fundamental Analysis, January 18, 2011

Fundamental Analysis, January 18, 2011

Gerardo Porras Palomino

The main indexes of the Asian stock exchanges are traded with a neutral trend this morning. Rates rose this morning in Hong Kong while the Hang Seng Index gained 0.8%, in leading the real estate sector which is expected to register a nice rise in 2011. The Shanghai stock exchange is clouding the Asia trend, while the Chinese index is weakened by 0.3%. Tokyo registered a slight increase of 0.3% today while the Kospi Index in South Korea is now registering an 0.2% increase. The Australian index added 0.3%.
Europe's stock exchanges closed yesterday with slight rate drops, due to the deliberations of the European Union's ministers of finance regarding the strategy to fight the continent's debt crisis. At the end of the trade day the London stock exchange dropped by 0.3%, Paris retreated by 0.2% and Frankfurt closed the German stock exchange without change.
The European ministers of finance began just an hour ago deliberations regarding the strategy to battle the debt crisis in the area, following Germany's backing down somewhat from its objection to increasing the emergency fund and following Portugal's insistence that it can handle the crisis without receiving an aid package.

AUD/USD. Weekly and Monthly Pivot Points, For January 18 to January 21, 2011

 

__WEEKLY_______
Weekly - R3 = 1.0219
Weekly - R2 = 1.0119
Weekly - R1 = 1.0003
Weekly Pivot = 0.9903
Weekly - S1 = 0.9787
Weekly - S2 = 0.9687
Weekly - S3 = 0.9571





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