|By Marketwired .||
|January 29, 2014 12:18 AM EST||
SINGAPORE, SINGAPORE -- (Marketwired) -- 01/29/14 -- In FXPRIMUS' Market Brief of The Week for 27 January, the brokerage firm's Senior Economist, Jimmy Zhu, discusses how the Chinese economy and next Federal Open Market Committee meeting may influence the market.
Weak Chinese Economy and Coming Federal Open Market Committee (FOMC) Meeting Could Threaten the Value of Aussie Dollar Again
Aussie traded below 0.87 last Friday afternoon against the Greenback, after the rising credit risk appeared in shadow banking. More regulations may arrive as Chinese government may carry its best effort to avoid default. We have been hearing some relative regulation aiming at the shadow banking sector, but none of these were officially confirmed by the China Banking Regulatory Commission (CBRC). However we believe the recent WPM's case under mining was in CBRC's radar.
Conflicts are everywhere on how to deal with shadow banking in China. We put aside whether the government has enough power to crack down those activities even though we know there are many challenges. If the size of shadow banking decelerated, where is the growth coming from? The recovery of the western economies at this stage is still not strong enough to lift Chinese overseas shipping activities, based on the past six months reading of Chinese exports growth. We have to admit that most of the recovery in western economies is due to the monetary stimulus, benefiting the financial market more than main streets. In other words, demand remains soft. If exports can't help much, the Chinese economy will not grow to a satisfactory level in 2014 given much less local consumption.
China's potential shadow banking concerns not only drags the Aussie dollar, but negatively affects global sentiment as well. Weak manufacturing data in China could reflect subdued global demand. Last Friday, U.S. equities heavily sold off ahead of the key FOMC meeting this week. Dow index was down more than 300 points, booking the worst week since 2012 by losing 579 points, or 3.5%. Lack of fresh catalysts is the main reason triggering price pullbacks, instead of a crisis. Investors are paying full attention to how the Federal Reserve (Fed) elaborates the December payroll data, and whether they would postpone the "January tapering" until economic data returns to expectations.
Here are our expectations on how the market could react according to the FOMC meeting's decision under a few scenarios,
1. If Fed continues to taper USD 10 billion, we could see equities rebound from the recent selling off, and Greenback would gain momentum as well. 2. If Fed decides to "hold on" first, market could continue to sell off U.S. equities in near term, and Greenback shall tumble as well.
USDJPY - Long When Price Rebounds to 101.90
Recent USDJPY rallied mainly reflected traders' mood to seek safe haven currencies such as "JPY" and "CHF", as both of these two rallied against most of the G10 currencies. We seldom experienced this kind of scenario last year due to sound global economic recovery.
However we remain our view that the recent USDJPY slump may offer investors an opportunity to buy the bottom pair, mainly due to,
1. Seeking safe havens last week due to no fresh catalysts, instead of a crisis. 2. Fed is likely to continue to taper next week, which is positive for the Greenback. (If they don't, we may consider adjusting our strategy.) 3. Bank of Japan may act as early as April to counter domestic tax increment.
Based on the H4 chart, the level of 101.90 could be the next support for USDJPY. We would go long if its price reaches this level.
Entry Price - 101.90 Stop Loss - 101.40 1st Target Price - 102.40 2nd Target price - 102.90
FXPRIMUS offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents FXPRIMUS combines an unmatched level of fund safety with regular independent audits of company financials and Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, ISO 27001 certification in Information Security, ISO 9001:2008 certification in Quality Management and an industry-leading trader toolset that includes free access to powerful trader tools. FXPRIMUS truly is The Safest Place To Trade.
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
Jan. 17, 2017 06:00 AM EST Reads: 1,111
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jan. 17, 2017 05:45 AM EST Reads: 3,484
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
Jan. 17, 2017 05:30 AM EST Reads: 1,523
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Jan. 17, 2017 05:15 AM EST Reads: 9,282
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Jan. 17, 2017 04:15 AM EST Reads: 1,782
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Jan. 17, 2017 03:45 AM EST Reads: 2,711
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Jan. 17, 2017 03:45 AM EST Reads: 3,525
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
Jan. 17, 2017 03:45 AM EST Reads: 3,371
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Jan. 17, 2017 03:15 AM EST Reads: 6,224
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Jan. 17, 2017 03:00 AM EST Reads: 551
While many government agencies have embraced the idea of employing cloud computing as a tool for increasing the efficiency and flexibility of IT, many still struggle with large scale adoption. The challenge is mainly attributed to the federated structure of these agencies as well as the immaturity of brokerage and governance tools and models. Initiatives like FedRAMP are a great first step toward solving many of these challenges but there are a lot of unknowns that are yet to be tackled. In hi...
Jan. 17, 2017 02:15 AM EST Reads: 3,748
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Jan. 17, 2017 01:45 AM EST Reads: 5,217
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jan. 17, 2017 12:45 AM EST Reads: 6,018
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Jan. 16, 2017 11:45 PM EST Reads: 4,208
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Jan. 16, 2017 09:00 PM EST Reads: 7,449