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17th
Floor, Tow er 1 The Enterprise Center, 6766 Ayala Avenue corner Paseo de Roxas, Makati City 1200
July 11-15, 2011
By Roxanne Delos Santos
USD/JPY
Time Horizon Bullish Bearish Conclusion
 US FOMC Meetings Minute: The minutes
of the Feds meeting in Aprildealt with the
means of ending QE2 and normalizing its
monetary policy in light of the
strengthening economy. No QE3 was
announced in the recent meeting.The
agreed objectives areto strivefor
maximumemployment and price stability.
The Fed is likely to raise rates before 2012.
 The Bank of Japan left its overnight callrate
at a 0.1% by an agreed vote and continued
its loan program. To increase lending to
businesses connected with growth, an
additional lending facility worth 500 billion
yen was also granted.
 U.S. Leaders Resume Debt Ceiling Talks
Sunday (July 10): The debatehas so far
focused on differences over taxes and
spending on federalprograms, but once-
unthinkable changes to SocialSecurity
could now also be on the table,according
 Japan Corporate Price Index
increased consensus of 2.4% from
2.2% last month  higher price of
goods sold by corporations,
profitable forbusinesses.
 Japan Revised IndustrialProduction
consensus greatly increased from
1.6% June data to 5.7%. This may be
due to the reconstruction plans
heading theirway.
 A mass exit fromrisky assets driven
by another turn forthe worse in
Europe would prove supportive for
the Yen as traders unwind carry
trades funded cheaply in the
perennially low-yielding currency.
 The sharp jump in ChineseCPI
reported over the weekend may
further reinforce this dynamic,
weighing against growth
 Relative interest ratespreads
remain in focus forthe Japanese
Yen, as the currency reacted to the
bitterly disappointing US
Employment report: the yield
advantage of 2-yearUS Treasury
bonds over comparable Japanese
debt tumbled 8 basis points  the
most in over seven months 
leading USDJPY to its biggest daily
decline in sixweeks.
 With the upcoming BOJ Monetary
Policy Statement on Tuesday,
Japan will most likely keep it rates
nearzero. Making Yen spending
high, especially when
reconstruction begins. On the
other hand, Fed plans to raise
rates
 With Japan Bank Lending
increasing continuously fromApril
INTERACTIVE BUSINESS NETWORK ALLIANCE INC.
Friday, October 30, 2015
to The Wall Street Journal. The U.S. will
reach its $14.29 trillion borrowing limit
Aug. 2, but the White House said it wants
the issue solved by July 22.
 US Trade Balance of -44.1Bfromthe
previous -43.7B rate. This reduction in
imports is likely due to Japans earthquake
and tsunami damaging theirmanufacturing
capacity.
expectations on fears Beijing will
redouble efforts to cool the worlds
second-largest economy.
 Japan Reconstruction Minister
Matsumoto resigns, living the
responsibility to Prime Minister Kan.
until this month, together with
other indicators, recovery fromthe
tsunami and earthquake could be
achieved.
 Expect USD/JPY to be sideways
with upward bias, since
reconstruction efforts in Japan are
still on the process, considering the
empty position of Japans
Reconstruction Minister, Chinas
increased CPI ( being a substitute
foryen) and with US striving to
solve the current issue on debt.
 Expected Range : 80.50  81.50
1 week
INTERACTIVE BUSINESS NETWORK ALLIANCE INC.
Friday, October 30, 2015
DJIA
Time Horizon Bullish Bearish Conclusion
 Alcoa Inc. (AA) reports Monday,
leading a roster of other heavy
hitters reporting next week.
 White House resume talks on a
budget deal with Congressional
leaders, Sunday
 US Business Inventories consensus of
0.7% from 0.8% shows that
companies are more likely to
purchase goods once they have
depleted inventories
 US Empire State Manufacturing Index
-7.5 to 4.5 forecast.
 US Industrial Production, an indicator
of output produced, forecast of 0.4%
from 0.1%, thus boosts business
cycle and is correlated with
employment levels and earnings, etc.
 No QE3 was announced in the
recent meeting. The agreed
objectives are to strive for
maximum employment and price
stability. The Fed is likely to raise
rates before 2012.
 US Retail sales data is expected to
be flat after a consecutive decrease,
while Core prices arepredicted to
gain 0.1%. Unemployment claims
expected to be 419k, stillover 400k
threshold level.
 US Import Price decreased from
0.2% to a consensus of -0.7%,
Change in the price of imported
goods and services purchased
domestically were expected to
decline.
 DJIA to be bullish this week
 Most Dow Jones stocks are
performing well, businesses
expects more spending,
employment and earnings; and
the efforts by the government
to solve the debt issue as soon
as possible.
 Expected Range : 12500 - 12730
1 week
INTERACTIVE BUSINESS NETWORK ALLIANCE INC.
Friday, October 30, 2015

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Weekly Outlook

  • 1. 17th Floor, Tow er 1 The Enterprise Center, 6766 Ayala Avenue corner Paseo de Roxas, Makati City 1200 July 11-15, 2011 By Roxanne Delos Santos USD/JPY Time Horizon Bullish Bearish Conclusion US FOMC Meetings Minute: The minutes of the Feds meeting in Aprildealt with the means of ending QE2 and normalizing its monetary policy in light of the strengthening economy. No QE3 was announced in the recent meeting.The agreed objectives areto strivefor maximumemployment and price stability. The Fed is likely to raise rates before 2012. The Bank of Japan left its overnight callrate at a 0.1% by an agreed vote and continued its loan program. To increase lending to businesses connected with growth, an additional lending facility worth 500 billion yen was also granted. U.S. Leaders Resume Debt Ceiling Talks Sunday (July 10): The debatehas so far focused on differences over taxes and spending on federalprograms, but once- unthinkable changes to SocialSecurity could now also be on the table,according Japan Corporate Price Index increased consensus of 2.4% from 2.2% last month higher price of goods sold by corporations, profitable forbusinesses. Japan Revised IndustrialProduction consensus greatly increased from 1.6% June data to 5.7%. This may be due to the reconstruction plans heading theirway. A mass exit fromrisky assets driven by another turn forthe worse in Europe would prove supportive for the Yen as traders unwind carry trades funded cheaply in the perennially low-yielding currency. The sharp jump in ChineseCPI reported over the weekend may further reinforce this dynamic, weighing against growth Relative interest ratespreads remain in focus forthe Japanese Yen, as the currency reacted to the bitterly disappointing US Employment report: the yield advantage of 2-yearUS Treasury bonds over comparable Japanese debt tumbled 8 basis points the most in over seven months leading USDJPY to its biggest daily decline in sixweeks. With the upcoming BOJ Monetary Policy Statement on Tuesday, Japan will most likely keep it rates nearzero. Making Yen spending high, especially when reconstruction begins. On the other hand, Fed plans to raise rates With Japan Bank Lending increasing continuously fromApril
  • 2. INTERACTIVE BUSINESS NETWORK ALLIANCE INC. Friday, October 30, 2015 to The Wall Street Journal. The U.S. will reach its $14.29 trillion borrowing limit Aug. 2, but the White House said it wants the issue solved by July 22. US Trade Balance of -44.1Bfromthe previous -43.7B rate. This reduction in imports is likely due to Japans earthquake and tsunami damaging theirmanufacturing capacity. expectations on fears Beijing will redouble efforts to cool the worlds second-largest economy. Japan Reconstruction Minister Matsumoto resigns, living the responsibility to Prime Minister Kan. until this month, together with other indicators, recovery fromthe tsunami and earthquake could be achieved. Expect USD/JPY to be sideways with upward bias, since reconstruction efforts in Japan are still on the process, considering the empty position of Japans Reconstruction Minister, Chinas increased CPI ( being a substitute foryen) and with US striving to solve the current issue on debt. Expected Range : 80.50 81.50 1 week
  • 3. INTERACTIVE BUSINESS NETWORK ALLIANCE INC. Friday, October 30, 2015 DJIA Time Horizon Bullish Bearish Conclusion Alcoa Inc. (AA) reports Monday, leading a roster of other heavy hitters reporting next week. White House resume talks on a budget deal with Congressional leaders, Sunday US Business Inventories consensus of 0.7% from 0.8% shows that companies are more likely to purchase goods once they have depleted inventories US Empire State Manufacturing Index -7.5 to 4.5 forecast. US Industrial Production, an indicator of output produced, forecast of 0.4% from 0.1%, thus boosts business cycle and is correlated with employment levels and earnings, etc. No QE3 was announced in the recent meeting. The agreed objectives are to strive for maximum employment and price stability. The Fed is likely to raise rates before 2012. US Retail sales data is expected to be flat after a consecutive decrease, while Core prices arepredicted to gain 0.1%. Unemployment claims expected to be 419k, stillover 400k threshold level. US Import Price decreased from 0.2% to a consensus of -0.7%, Change in the price of imported goods and services purchased domestically were expected to decline. DJIA to be bullish this week Most Dow Jones stocks are performing well, businesses expects more spending, employment and earnings; and the efforts by the government to solve the debt issue as soon as possible. Expected Range : 12500 - 12730 1 week
  • 4. INTERACTIVE BUSINESS NETWORK ALLIANCE INC. Friday, October 30, 2015