Fundamentals and Market Wraps
China:
The Global financial market dpt of BOC expented two interest rate hike in the next half year,with the earlist one in July.M1 rose by 17.06% mom,bigger than the expected 16.5%.
The shares of banks performed well today,because two banks---Bank of Nanjing and Bank of Ningbo 's IPO,which will freeze aproximately 11 billion RMB.And China Petrol drop down 0.24% though the oil price went up last night.We were glad to see the SHCI(shanghai composite index) rose 0.33% with the smallest volumes in five days.We also expect that tomorrow's market will go up a bit ,despite the BOC's report,but may drop down a lot on Friday because of the famous "weekend effect" in China,and the market's worry about interest rate hike .
Australia:
Consumer sentiment remains at a strong level,despite a slight decline from the record highs.And more strong economic data will be issued recently.But the share market was affected by the drop of US market and the up of oil price ,larger than the economic data which played a supporting role.Moreover,even the news of future takeover of Coles by Woolworth didn't support the price of WOW.It closed down 1.28% We believe the ASX200 now step into the time of adjustment,which will come under pressure at 6400.

Technical Speaking:
China:
There is not much to read from the SHCI.So selected one share to analyze.
鞍钢股份：3 days' adjustments made the three moving average lines get together.The 5 and 7 days lines went up and 30 days' flat.It's time for the price of share to boom.Don't care the candlestick.

Shares commended:
中兴通讯：As commended yesterday,it rose by 3.52%.Because of the 3G effect,we don't need to mention its future profit capability and EPS,but just from technical analysis.it still has upside space .We believe the bottom for the price of share is about 52,and it is also far away from the pressure line.Holding it tomorrow ,and refer to tomorrow's report to decide what to do.

Forex:
AUD/USD：Though the consumer sentiment decreased 0.6% to 120.8,but it was still near record highs and support AUD/USD .We believe the later economic data in Australia will help the exchange rate increase to a new record high.