Important Economic Data this week (2010-09-05)

It would be a fluctuating week for FX. Especially watch out for the CAD.

7/9 (Tue)
Bank of Japan Interest Rate Decision
Reserve Bank of Australia Interest Rate Decision

8/9 (Wed)
Bank of Canada Interest Rate Decision {Expected to increase from 0.75% to 1.00%}
Japan BSI Large Manufacturing (3Q)

9/9 (Thur)
Australia Employment Change (AUG) {Expected to increase}
German Consumer Price Index (AUG)
Bank of English Interest Rate Decision
Japan Gross Domestic Product (2QF) {Expected to increase}

10/9 (Fri)
Canada Net Change in Empolyment (AUG) {Expected to change from negative to positive}

JPHK Update (2010-09-03)

WTF 1228.HK dropped over 8%, and closed at 0.223 (-5.51%). I just can't understand what they are thinking. I would probably think of cutting loss next week if this situation continues. I can't see any back-up for this stock anymore.

What a beautiful 5-day chart... London bridge is falling down.. But the volume today still gives me some hope on it.

Levels for Esprit (2010-09-03 Esprit Holdings analysis)

The daily chart of Esprit Holdings (0330.HK) shows that the price is currently testing its support. After a little breakdown, it seems like traders are betting on rebounds so the price was promptly pushed back above the support. But the MACD seems to be opposing them. The selling pressure is growing. If breakdown confirms, the red downtrend line and 23.6%-fibs level would be the next support, which is at around 36.

If you are betting on a rebound, 43 is a big resistance.

JPHK Update (2010-09-02)

1228.HK looks a bit strange these days. Its price is being pushed upwards from low to somewhere near open everyday at around 15:59. I am still trying to guess what those corporate investors are trying to do. I don't think they are distributing their shares at such a low price, but I still have no idea what they would do next. I would update when I get clues.

Market Open Higher (2010-09-02 HSI analysis)

HSI today opened higher to around 20,880, which forms a false breakdown on weekly chart (unless it goes back to 20,500 in the next two days).

Daily Chart:

The index keeps moving between the red uptrend and lime downtrend lines. I predict HSI would surge to around 21,000, then will be resisted by the red uptrend line and fall.

Weekly Chart:

If HSI doesn't plunge to 20,500, there is a false breakdown. This might be a bullish signal leading the a breakout of the triangle.

JPHK Update (2010-09-01)

Awaiting Break (2010-09-01 S&P 500 Index analysis)

Above is the daily chart of S&P 500 Index. After the index broke the lime uptrend line, it kept moving downwards, forming another red downward-pointing triangle. It is likely that a break will occur in next few days, this may also lead HSI to break the triangle in weekly chart.