Daily Forex News April 9th 2013. The Japanese Yen remains the focus in the Asian session today as USD/JPY edged even closer to the 100 psychological level and EUR/JPY is just below 130. NZD/JPY remains the strongest cross this week as the kiwi was boosted by comments from the Reserve Bank of New Zealand deputy governor Spencer that house prices and credit expansion could trigger a monetary policy response. The Euro caught up with EUR/JPY as the second strongest pair this week. Indeed, the Euro is broadly firmer with EUR/USD staying well above 1.3 while some strength was also seen in EUR/GBP and EUR/CHF. AUD/JPY is also strong as supported by inflation data from China. Released today, China's consumer price index slowed more than expected to 2.1% year on year in March whilst the Producer Price Index dropped 1.9% year on year. That compared to expectation of an increase of 2.5% and a drop of 1.8% year on year respectively. The data showed there is little inflationary pressure which could help China to maintain a relatively accommodative policy for now. Other data released in the Asian session saw the UK BRC sales monitor rise 1.9% year on year in March and the RICS house price balance improved to -1 in March. And Released in Australia NAB business confidence rose to 2 in March. Looking ahead, UK data will be the major focus today with industrial and manufacturing production and trade balances featured. The Swiss will release the unemployment rate, CPI and retail sales. And in the US Session Canada will release housing starts and building permits.

1. Daily Forex News April 9th 2013
FCTOFX: The Japanese Yen remains the focus in the Asian session today as
USD/JPY edged even closer to the 100 psychological level and EUR/JPY is just
below 130. NZD/JPY remains the strongest cross this week as the kiwi was
boosted by comments from the Reserve Bank of New Zealand deputy
governor Spencer that house prices and credit expansion could trigger a
monetary policy response. The Euro caught up with EUR/JPY as the second
strongest pair this week. Indeed, the Euro is broadly firmer with EUR/USD
staying well above 1.3 while some strength was also seen in EUR/GBP and
EUR/CHF. AUD/JPY is also strong as supported by inflation data from China.
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2. Daily Forex News April 9th 2013
In the US, Fed chairman Ben Bernanke said that the economy is "significantly
stronger than it was four years ago" but is still "far from where" they all want
it to be. He said that "most of the world's major industrial economies are
engaged in expansionary monetary policy and overall that's mutually
constructive." Meanwhile, "resilience" of the US banking system has "greatly
improved" since the stress tests. He noted that the more intensive use and
greater sophistication of supervisory stress testing, as well as supervisors'
increased emphasis on the effectiveness of banks' own capital planning
processes, deserve credit."
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3. Daily Forex News April 9th 2013
In Europe, Spanish Prime Minister Rajoy urged European Central Bank
leaders consider whether the ECB should have the "same power" as other
central banks and give themselves the instruments that other countries have.
Rajoy was indeed referring to the fact that the Fed and Bank of England could
print money through quantitative easing and the Bank of Japan could
implement a huge monetary stimulus package. While the ECB still has a wide
range of tools, it must justify any unconventional measures by aligning them
with the single mandate of price stability. Portuguese Finance Minister
Gaspar said that the troika will "make an additional visit" after the
constitutional court rejected a number of austerity measures last week.
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4. Daily Forex News April 9th 2013
Released today, China's consumer price index slowed more than expected to
2.1% year on year in March whilst the Producer Price Index dropped 1.9%
year on year. That compared to expectation of an increase of 2.5% and a
drop of 1.8% year on year respectively. The data showed there is little
inflationary pressure which could help China to maintain a relatively
accommodative policy for now. Other data released in the Asian session saw
the UK BRC sales monitor rise 1.9% year on year in March and the RICS house
price balance improved to -1 in March. And Released in Australia NAB
business confidence rose to 2 in March.
Looking ahead, UK data will be the major focus today with industrial and
manufacturing production and trade balances featured. The Swiss will
release the unemployment rate, CPI and retail sales. And in the US Session
Canada will release housing starts and building permits.
For a Free 30 Day Demo of our HFT Forex Trading Software: http://bit.ly/YeAJCu

5. Daily Forex News April 9th 2013
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Ltd., www.FCTOFX.com, has been developed out of the retail customer’s
desire to profit from managed Forex trading, without having their capital
held, managed and controlled by an unknown or unregulated third-party.
Our Forex trading software is designed to be fully automated; however our
team of expert traders and analysts monitor our systems 24 hours per day.
Giving you a highly profitable advantage over ever changing market
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For a Free 30 Day Demo of our HFT Forex Trading Software: http://bit.ly/YeAJCu

6. Daily Forex News April 9th 2013
The new retail forex trading offering from Forex Currency Trading Online
Ltd., www.FCTOFX.com, has been developed out of the retail customer’s
desire to profit from managed Forex trading, without having their capital
held, managed and controlled by an unknown or unregulated third-party.
Our Forex trading software is designed to be fully automated; however our
team of expert traders and analysts monitor our systems 24 hours per day.
Giving you a highly profitable advantage over ever changing market
conditions.
For More Information: www.FCTOFX.com
For a Free 30 Day Demo of our HFT Forex Trading Software: http://bit.ly/YeAJCu