U.s. Military says It detected and tracked What It Assesses to be a North Korean Missile Launch at 4:34 P.m. Cst (2234 Gmt)

U.S. MILITARY SAYS IT DETECTED AND TRACKED WHAT IT ASSESSES TO BE A NORTH KOREAN MISSILE LAUNCH AT 4:34 P.M. CST (2234 GMT)
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Fxwirepro: Eur/krw Hits Fresh 4-Week High at 1,225 Mark, Faces Strong Resistance at 1,228

  • EUR/KRW is currently trading around 1,224 mark.
     
  • Pair made intraday high at 1,225 and low at 1,219 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1,221 mark.
     
  • A daily close below 1,221 will drag the parity down towards key supports around 1,207, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.
     
  • Alternatively, a sustained close above 1,221 will take the parity higher towards key resistances around 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
     
  • Seoul shares open down 0.27 pct at 2073.20.
     
  • South Korea’s February FX reserves increase to 373.91 bln $.

We prefer to take short position in EUR/KRW around 1,225, stop loss at 1,235 and target of 1,205.

The material has been provided by InstaForex Company – www.instaforex.com

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Fitch – Phasing-Out of Low-Margin Government-subsidised Lending Is Unlikely to Fully Offset Drags on Profit

FITCH – PHASING-OUT OF LOW-MARGIN GOVERNMENT-SUBSIDISED LENDING IS UNLIKELY TO FULLY OFFSET DRAGS ON PROFIT
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Fitch – Do Not Expect Bom’s Asset-Quality Review to Reveal Significant Capital Shortfalls at Fitch-rated Banks

FITCH – DO NOT EXPECT BOM’S ASSET-QUALITY REVIEW TO REVEAL SIGNIFICANT CAPITAL SHORTFALLS AT FITCH-RATED BANKS
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Fitch on Mongolian Banks – Profit Will Also be constrained by Weak Loan Growth, Which We Only Expect to Recover in Medium

FITCH ON MONGOLIAN BANKS – PROFIT WILL ALSO BE CONSTRAINED BY WEAK LOAN GROWTH, WHICH WE ONLY EXPECT TO RECOVER IN MEDIUM TERM, IF ECONOMY STABILISES
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Fitch – Maintain a Negative Sector Outlook for Mongolian Banks, As Weak Operating Environment Continues to Put Pressure on

FITCH – MAINTAIN A NEGATIVE SECTOR OUTLOOK FOR MONGOLIAN BANKS, AS WEAK OPERATING ENVIRONMENT CONTINUES TO PUT PRESSURE ON THEIR FINANCIAL PROFILES
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Fitch – Asset Quality Likely to Deteriorate Further at Banks With Higher Exposure to Vulnerable Borrowers – Mining, Retail

FITCH – ASSET QUALITY LIKELY TO DETERIORATE FURTHER AT BANKS WITH HIGHER EXPOSURE TO VULNERABLE BORROWERS – MINING, RETAIL AND MANUFACTURING SECTORS
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