Forex Queries

Now I just want to tell you something about Asian and US market which have different types of market like oil market commercial market.

Asian market 

         Oil market: Asian oil stocks skip on record crude oil prices for the very first time Asian oil stocks rose above $80 a barrel, paced by ‘Cnooc Ltd’,  and ‘Inpex ‘Holdings Ltd.’ after the closing price of crude-oil in yesterday. Oil producers are run towards the positive response come up from near record prices.                

    ‘Inpex’,Japan’s largest energy explorer rose 5.6 % to 1.13 ML yen. ‘Cnooc’, China’s major off-shore oil manufacturer, advanced 5.7 % to 10.30 Hong Kong dollars. Third-biggest oil producer in Australia ‘Santos Ltd’, jumped 5.7 percent to 13.80 Australian dollars.          

 Crude oil stopped up $80 per barrel in FX market running week for the first time, after Hurricane Hum-berto enforced the closure of 3 refineries inTexas that can be a course of combined 850k barrels of oil per day.                     

Commercial market: ‘Samsung Electronics Co.’ led exporters lesser on concern with United States expenses will dawdle after the unexpected unemployment in world’s biggest economy.Japan’s biggest lender- ‘Mitsubishi UFJ Financial Group Inc’, slip down after the country’s market shrank. ‘Nomura Holdings Ltd.’ cut its rating on bank inventories. Demand from China for commodities looks like it will continue to hold up despite aU.S. slowdown.'’ The world’s biggest chip packager and tester ‘Advanced Semiconductor Engineering Inc.’ licked a decline between I-Technology inventories after UBS now chip costs have peaked.                 

 ‘The Morgan Stanley Capital International has changed a little current week at 152.38, after climbed at 11 % in the earlier 3weeks. A gauge of energy inventories that includes ‘Inpex’ had the biggest profit among the benchmark’s ten industry groups, while technology inventories lost the most.                                   
Japan’s Nikkei’ 225 average inventories were changed at 16,127.42 while the broader Topix-Index lost 0.8 % current week. ‘Sun-Hung-Kai Properties Ltd.’ led ‘Hang Sang Index’ of Hong Kong to its 3rd direct record on previous day. Benchmark’s away in the region is superior except in India, South Korea, Malaysia, Indonesia and Philippines.  

U.S. Market                      
          U.S. inventories climbed, expanding the ‘Dow Jones Industrial’ largest weekly gain ever since the month of April, on increasing product costs and speculation the Fed. Reserves will offer lesser interest rates on up-coming week.     

             ‘Alcoa Inc. rallied the most in 3 weeks after ‘Merrill Lynch & Co.’ said the 2nd biggest aluminum producer might enhance the gain margins by acquiring venture associate Alumina Ltd. Hov-nanian Enterprises Inc. led builders to the steepest profit in one month. By an average ‘Dow’ rose 17.64/ 0.1%, to 13,442.52. NASDAQ Composite Index enlarged by 1.12% to 2,602.18.  ‘Standard & Poor’s’ 500 Index added 0.3% to 1,484.25.                  

 The Standard & Poor’s’ rose 2.1% during this week, while the ‘Dow’ goes at +2.5 % and the NASDAQ jumped 1.4% Speculation the Federal Reserve will lower its benchmark’s lending rate by as much as 0.5 % point on 18Sept’07 helped equities wipe out losses from the 2 preceding weeks.