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Gold Carried by Actions Sell Commodity

Thursday, May 31, 2012

Gold again swept by the current commodity selloff in global markets today (31/05).

Exposed to stock market and commodity sell-off and reverse the gains that have been acquired a day earlier. Gold futures for August delivery fell $ 1.90, or 0.1% to as low as $ 1561.50 per ounce on the COMEX trading session throughout Asia. If the calculated throughout the month of May, gold has declined to 6.2%.

A day earlier, gold jumped 1% in the U.S. session and find technical support at $ 1530 per ounce. But the escalation of the crisis in Europe to make a sell spread, both in stocks and commodities markets during the Asian session running. The dollar index fell slightly from 83 053 to 83 026. However, on a monthly basis, the dollar index has surged 5.3% since early May and is always hurt commodity prices in the market.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng Worst Performance Show 2012

Thursday, May 31, 2012

Since the Hang Seng index down eventually penetrate defenses 20.000, the main stock exchange of Hong Kong continues to lose the momentum of recovery.

Even the busiest markets in Asia this week had scored worst in the last eight months and seven-day losing streak incised. Poor performance of the Hang Seng was triggered by a weak line of data throughout the month of April which led to a sharp slowdown in the second largest country of the world, China.

China's economic unexpected decline in April due to lack of data output, falling retail sales and falling prices thus confirming the economy is being maneuvered down. Accumulation of negative sentiment makes the Hang Seng index continued pressure. The climax is today where the main stock indexes Hong Kong was forced to wipe out all gains earned during the year 2012 is due to the continuous concern of the European crisis and China's growth.

Throughout the month of May, the Hang Seng has dropped to 12.7%, and is the worst month of May during the last 14 years since 1998. This year's benchmark Hang Seng had pocketed the acquisition of gain by 18% up to a level of 21 760 on 20 February. But eventually collapsed due to continuous flagellation by the escalation of the crisis in the euro zone together with the worries about China's economy.

News and Review of European Economic Zone

European Crisis Still Continues

Thursday, 31 May 2012

According to data released by the Germans, the change in the German unemployment data do not indicate a change in a positive direction. The data was released showing the number 0 K, far from the estimate which reached number-6k.

President of the ECB, Mario Draghi, also said that the ESRB should continue to monitor the financial crisis in the eurozone today. The aim is that the current crisis is not widespread in the state - European Union countries. Progress has been made​​, but it still takes more effort to overcome the current crisis, and the current crisis is not as bad as had happened in November last year. Restoration of trust in the banks - banks in the euro zone is very important and should receive close supervision. Draghi also said it is important to develop policies - policies that have been made ​​to the state - European Union countries.

News and Review of European Economic Zone

European bourse opened higher, lifting agreement Logica shares

Thursday, May 31, 2012

European stock markets opened with a strengthening in the session Thursday, with the still waiting for the post kstabilan frenzied trading in the session yesterday, amid fears of Spain. Yield 10-year government bonds dropped back to Spain and Italy.

Europe Stoxx 600 Index rose 0.5 percent to a level of 241.65, with shares in the banking sector, mining and information technology managed to gain success.

Logica PLC recorded an increase in stock outstanding, shares rose 64 percent after the CGI Group Inc. said it would buy shares in group companies are valued IT services? 1.7 billion. Telefonica SA shares jumped 2.8 percent after the Spanish telecommunications provider said it would consider the possibility of listing his unit in Germany and selling its stake in its business in Latin America.

IBEX 35 index rose 1 percent to a level of 6154.70. The FTSE 100 rose 0.6 percent to a level of 5331.84, Germany's DAX 30 rose 0.4 percent to a level of 6308.56 and France's CAC 40 rose 0.6 percent to a level of 3033.24.

News and Review of European Economic Zone

Panic, Debt Asset Investors Assault Germany and the United

Thursday, May 31, 2012

Action safe-haven rush hit the market, the German-based instruments and the United States (U.S.) a favorite of investors.

U.S. bond interest rates plunged to its lowest level since 1946. While German and British debt instruments touching all-time lows due to the lack of concrete resolutions about the European crisis. German tenor bond yields fell to a two-year zero for the first time. That is, the owners of capital even willing to lend money to the Berlin government without any compensation!

U.S. bond yields fell to a 10-year 1.62% and the benchmark German bonds reached 1.26%. While yields on bonds Denmark barely penetrate the level of 1% and the yield fell to 1.64% UK or return the smallest since 1703.

The phenomenon demonstrates how bond investors desperately need investment vehicle is immune crisis. Market participants saw the possibility of approaching European crisis worse than the recovery. Italian Treasury auction yesterday is very disappointing and bond yields through its reference to the above 6% for the first time since January. While the euro exchange rate against the dollar eroded to 0.8% down $ 1.24, its lowest in two years.

Investor panic does look skeptically at the same time addressing the global economic conditions. It takes radical action from European governments to recover quickly risky interest. Spain and Italy should be subjected to re-shoot to foster market confidence. Spain's banking crisis should be solved as soon as possible given the state was too large to be a bailout. If necessary, the European Central Bank (ECB) to buy the assets of troubled debt countries to fall and bond yields could be slightly improved market sentiment.

Crude Oil Weakens, Lowest Since May 24

Wednesday, May 30, 2012

Crude oil prices to trade this evening (30/5) still showed weakness. Oil back depressed all day today after obtaining a negative sentiment associated with the speculation of European credit rating reduction of Bb-be Spanish B.

While the other negative sentiment coming from the U.S. where U.S. crude inventories for last week predicted an increase of 800 thousand barrels to 383.3 million barrels. Certainty about the data will be released tomorrow.

Crude oil futures declined by 10 cents to 90.76 dollars per barrel. These levels are the lowest level since May 24 last. Brent crude fell 2.14 dollars to 104.54 dollars per barrel.

News and Economic Review Zone Asia (Japan)

Nikkei Weakens, Distressed Credit Rating Speculation reduction Spain

Wednesday, May 30, 2012

Japanese stock market for trading today (30/5) recorded a decline in late trading. Japanese stocks again pressured by worries about Spain's credit rating that is predicted to decline. While China is predicted to have no plans to disburse the economic stimulus package at this time.

Nikkei index decreased by 0.3% to 8633.19 basis points. While index futures declined by 63 points to 8545 basis points, with the support level of 8513 points and resistant level of 8674 points. The broader Topix index fell by 0.5% to 723.62 basis points.

The shares, which fell among stocks is Nintendo who fell by 2.4% to 9010 yen, Ricoh Co. shares fell 3.6% to 595 yen and Fanuc shares fell 1.2% to 13 710 yen.

News and Review of European Economic Zone

Italian post-auction, the euro extended its reduction

Wednesday, May 30, 2012

The euro is still extended their slide against the dollar in the session Wednesday, falling to its lowest level in 23 months after the Italian government debt auction showed the cost of borrowing rose sharply Italy, sparking fears of debt crisis in the eurozone ssemakin depth.

Italian finance ministry sold 3.39 billion euros of five-year government bonds yield an average 5.66 percent, the highest since December and up from 4.86 percent in a similar auction last month. Italy also sold 2.34 billion euros with a 10-year bonds yield an average 6.03 percent, the highest since January and up from 5.66 percent in a similar auction last month.

Demand is also menjukkan debt reduction, indicating that concerns over Spain and the uncertainty over the election results come in Greece have a negative impact on Italy.

The euro was under selling pressure amid concerns over the situation in Spain, where the yield increases, cost overruns bank rescue and economic recession sparked fears about the possibility that Madrid will be forced to seek an international bailout.

Euro monitored touch the lowest level since July 1, 2010 against the U.S. dollar at 1.2434 level in European morning trading, then consolidated at the level of 1.2446, down 0.45 percent. Nevertheless, the euro still maintain gains against the pound, up 0.09 percent at 0.7999 level but recorded a decrease to the lowest level in four months against the yen, down 0.93 percent to hit 98.45.

Today, President of the ECB Mario Draghi will give a speech, while in the U.S. to be released report of home sales that had not been completed.

News and Review of European Economic Zone (Italy)

Italian bond yields soared Above 6% Post-Auction

Wednesday, May 30, 2012

bonds sold five-year tenor of 3391 billion Euro sales slightly below the target of 3.5 billion Euro, with the yield at 5.66% more expensive compared to 4.86% in April.

The demand for Italian bonds auction is indicated by the bid to cover ratio of 1:35 slightly higher than the previous auction 1:34.

Furthermore Italy is also auctioning off the 10-year bond at 2:34 billion Euro lower than the target of 2.75 billion euros but yield to crawl over 6:03%, compared to the previous auction of 5.84%, while demand for Italian bonds fell to 1.4 than ever before 1:48.

Spanish bond yields are still continuing rise before hitting a LTRO ECB launched a program, contrary to the German yield hit a record low in 1318%, these results reflect the transfer of risk of investors into safer assets such as bonds relative to Germany.

News and Review of European Economic Zone (Spain)

Bank Of Spain Ordonez: ECB is still a complex problem

Wednesday, 30 May 2012

Spanish Central Bank Governor, Ordonez, said that the ECB can not solve the economic crisis in the eurozone today. Ordonez also said that the fiscal problems is not an issue as fundamental and very important for Spain to reduce the current deficit. In addition, Ordonez also added that the Spanish government's estimate of GDP is realistic. According to data released, the interest payable Spain increased by 6%.

Antam's gold record buy back price increases

Tuesday, May 29, 2012

Gold prices rose PT Antam Tbk to return the purchase price up to Rp 1,000 per gram Rp475.000.

From the official website, logammulia.com, 1 gram gold price rose to Rp535.000 reported, 2 grams up to Rp1.030.000, 2.5 g up to Rp1.277.500, 3gr up to Rp1.525.000, 4gr up to Rp2.008.000, 5gr up to Rp2.525.500, 10gr up to Rp5.010.000, 25gr up to Rp12.450.000, 50gr up to Rp24.835.000, up to Rp49.620.000 100gr, and 250gr up to Rp123.950.000.

Global gold prices fell $ 1.74 to $ 1,571.04 per troy ounce, silver dropped 5 cents to $ 28.35 per troy ounce, platinum dropped to $ 1,428.49 3:56, and palladium fell $ 1.85 to $ 599.97.

While the Comex gold for June delivery rose $ 2 to a record $ 1,570.90 per troy ounce and silver Comex for delivery July 11 fell 11 cents to $ 28.28 per troy ounce.

News and Economic Review Zone Asia (Japan)

China encourage domestic consumption, the Nikkei rose behind

Tuesday, May 29, 2012

Japanese stocks reverse losses after China introduced a policy to encourage consumption, it does reduce concerns over Europe's debt crisis is likely to worsen with the Spanish who tried to save Bankia.

Nikkei 225 rose 0.2% to 8611.65 at the close of Tokyo in the same trade volume with an average of 30 day. While the Topix rose 0.3% to 723.39, 0.8% offset earlier weakness.

Komatsu Ltd. manufacturers of construction machinery that 14% of its sales in China rose 2.8%. Nippon Yusen KK, Japan's largest shipping company by sales rose 4.9% setleah its stock rating raised to 'outperform'oleh Credit Suisse Group AG. Konica Minolta Holdings Inc., A manufacturer of photographic film that relies on Europe for sales, down 1.4%.

The Chinese government has approved measures of financial incentives for consumers who want to sell cars mark to increase demand. China's Ministry of Finance also reported to be allocated 2 billion yuan ($ 317 million) each year to encourage the purchase of energy efficient cars

News and Review of European Economic Zone (UK)

Broadbent's comments Strengthen Sterling

Tuesday, May 29, 2012

Sterling rose after the BoE's comments hinted at the Bank of England Broedbent probably will not add monetary stimulus at a meeting in June. GBP / USD is now trading 1.5707, 1.5654 daily stay away from low level

"The decline in UK inflation is slower than expected and will probably remain in the range of 3% for the year 2012," said the BoE monetary board member, Ben Broadbent, told Bloomberg TV. "We still anticipate the decline in inflation, but seems to require a longer time than expected." UK inflation is still above the BoE's target of 2% and the still high inflation pressures the central bank would be reluctant to loosen monetary policy.

Worsening of the euro-zone debt crisis has turned the hope that the BoE will probably add further monetary stimulus. However, Broadbent assumes the central bank's limited capacity to anticipate the worsening crisis in the euro-zone. Broadbent also do not see the need for considering additional monetary stimulus program might not be so effective. Broedbent even reject the recommendation calling for the IMF that the UK central bank to cut interest rates further.

News and Review of European Economic Zone

Euro Lowest Level Approach, Banking Spain Worsens

Tuesday, May 29, 2012

The euro approached its lowest range for two years today. deterioration of the Spanish banking system and create a return for bonds surged. It also adds to concerns about Greece.

The euro was at 1.2535 per dollar, its lowest close range in the last two weeks who reached last week at 1.2495 per U.S. dollar. euro must stop increases experienced yesterday after whom opinion polls in Greece show much support for the party that supports the policy of bailouts. This opens the possibility of a conservative party wins the general election on June 17 next birthday.

Against the yen, the euro fell to 99.64 yen, its lowest close range during the last four months reached last week.

Prime Minister Mariano Rajoy said yesterday that he was looking for help for the Spanish banking sector. But investors are hesitant assistance will be provided.

The demand for euro also limited ahead of the Irish referendum of the new fiscal policy to be applied to Europe next Thursday. While the dollar is not far from the lowest range of the past three months against the yen at 79.022 yen.

News and Review of European Economic Zone

Stable After the upheaval of Europe bonds

Tuesday, May 29, 2012

Performance improved European bond today after being negative at the beginning of the week.

Yesterday the Spanish Treasury bond soared sharply as supply worries about the country's banking system. Today the Italian and Spanish variant of T-bills sold, but the indicator of investor interest in the new European debt will look after the Italian bond auction completion.

So far the yield (yield) Spanish 10-year bond is still below 6.5%. However, further pressure has the potential to emerge after a holiday yesterday, despite the statement of Prime Minister Rajoy, who is committed not to disburse funds to rescue banks. Spanish tenor bond yield was unchanged from the 10-year level of 6.43% while interest on the bonds Spain fell 2 basis points to 5.83%.

Several hours into the future, Italy will conduct the auction T-bills 6-months worth of 8.5 billion euros. But the big impact will not be predictable until the Italian government bond release tomorrow. The yield for T-bills auction today is predicted at 2.05%.

Gold futures helped letup anxiety Europe

Monday, May 28, 2012

Gold futures rose today as the issue of discharge of Greece from the European Union began to subside. This indicates that the popularity of the party in favor of bailouts rises, the second phase of general elections to be held next month.

Gold futures for June delivery rose 0.6 percent to 1557.70 dollars per ounce on the Comex division of the New York Mercantile, after rising in two consecutive sessions. In the U.S. market holiday today, gold prices rose on the New York session.

Meanwhile, the dollar index fell today after briefly touching a level never reached since 2010 last Friday. The weakened dollar is a positive sign for gold and other dollar denominated commodities as gold prices will be cheaper for investors to currencies other than dollars.

Silver futures for July delivery rose 0.8 percent, or 23 U.S. cents to 28.62 dollars per ounce. Platinum futures for July delivery rose 13.40 dollars to 1439.90 dollars per ounce. Palladium futures for June delivery rose 5.35 dollars to 595.35 dollars per ounce per ounce.

News and Economic Review Zone Asia (Japan)

Nikkei Rises But Still Vulnerable Correction

Monday, May 28, 2012

After the initial trade had increased, the Japanese stock market for today (28/5) recorded an increase. Although the banking sector stocks back pressure after the Bank of Japan will re-issue related to the potential for policy stimulus to the Japanese private banks.

Nikkei index increased by 0.2% to 8593.15 basis points. While index futures experienced a flat on the level of 8600 basis points, with the support level of 8480 points and resistant level of 8664 points. The broader Topix index fell 0.1% to 721.11 basis points.

The shares of which rose is a rose Furukawa shares 3.1% to 66 yen, NEC shares rose 9.2% to 108 yen and Electonics Renesas shares rose 11% to 244 yen.

News and Review of European Economic Zone

Survey of Greece, the European Exchange Positive

Monday, May 28, 2012

European stock markets gained in opening trading on Monday (5/28/2012). The trigger pro-bailout party survey menungguli Syriza main rivals ahead of the vote in June.

While the Memorial Day holiday momentum is expected to menjada thin trading volume. Europe Stoxx 600 Index rose 0.7% to 244.21. Sustained increase of 1.4% stake GaxoSmithKline PLC and BG Group up 1.2%. So quoting marketwatch.com.

Banco Stander shares rose 1% to support the Spanish IBEX index rose 1.1% to 6615.6. Bankia shares fell 23.6% on the second recapitalization plan worth U.S. $ 24 billion. DAX index rose 1.2% t to 6414.07 and the CAC rose 1.1% to 3081.65. FTSE son 1% to 5406.26.

Strengthening these exchanges as well as Asia's Hang Seng index rose 0.4%, the Nikkei rose 0.5%, Straits Times index rose 0.6%, the Shanghai index rose 1.1%, Kospi index rose Rp0, 5%, ASX indices up 0.9%.

News and Review of European Economic Zone (UK)

The results undermine Pound Greek polls

Monday, May 28, 2012

Pound weakened for the first time in five days against the euro after a poll showed that the Greek people sympathetic to the party that supports the policy of the bailout before the general election held next month's second stage.

Sterling weakened against 13 of the 16 other currencies before a report this week are expected to show a deteriorating consumer confidence and manufacturing activity is shrinking.

Pound weakened 0.5 percent to 80.32 pence per euro. Against the U.S. dollar, the pound rose 0.2 percent to 1.5699 U.S. dollars. last week, the pound fell to 1.5631 per U.S. dollar range, the value terendhanya since March 13.

UK government bonds with a maturity of ten years rose two basis points to 1.77 percent.

Sterling was up 4.3 percent in the last three months, well into the best-performing currency among 10 other currencies. In the same period, the yen rose 7.3 percent and the dollar rose 5.7 percent.

News and Review of European Economic Zone (UK)

Sterling Stronger; Housing Sector Reports Positive Feedback Wind

Monday, May 28, 2012

Movement of the British Pound in forex trading today (28/05, 08:52) showed an upward movement observed. The currency opened at the range of 1.5675 in early trading (00:00 GMT) and then rose a thin approximately + 6 + pips or about 0.04% and the rolling observed in the range of 1.5681.

British pound tracked accept the positive sentiment of investors, after Hometrack Ltd.. announced an increase in performance on the UK housing sector. Average price of homes in Britain have increased and the increase is a monthly increase for the third time. Reported housing prices increased by about + 0.2% in May, and for the large urban areas / major cities increased by about + 0.6%. British Pound currencies tracked moving positively respond to these developments.

Normal range of movement of the GBP / USD at today's expected to have a range of support level at 1.5636 and resistance at around 1.5707 level.

Gold does not shine in Asia

Friday, May 25, 2012

Gold futures trading in Friday's session is less passionate in Asia and is still trading not far from the bottom level of the session.

In trading on the Comex division of the New York Mercantile Exchange, gold futures contract was trading up 0.29 percent in June traded at $ 1,552.95 per ounce level. Earlier gold traded at under $ 1,550.95 per ounce sessions. golden opportunity to go to the support level at $ 1,533.25 and $ 1,598.95 in the level of resistance.

The U.S. dollar index, which tracks the performance of the greenback against six major currencies, rose 0.04 per cent, at $ 82.47.

On the other trading on the Comex, Silver silver July contract fell 0.75 percent trades traded at $ 27.947 per ounce while July copper contract fell 0.43 percent trades diperdgaangkan at the level of $ 3.421 per pound.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng closed Rises, The impact of rise in U.S. stocks overnight

Friday, May 25, 2012

Hong Kong stock exchange for trading today (25/5) closed up. Although not very significant, positive movement of the stock today managed to break the negative trends that take place until yesterday. Strengthening exchanges caused by the induced rise in U.S. stocks overnight.

Hang Seng Index closed up by 0.53% to 18764.82 basis points. While index futures has increased by 112 basis points to 18 548 points with the support level of 18 437 points and resistant level of 18 732 points.

The shares of which increase the stock is HSBC Holdings rose 0.88% to 62.7 HKD, Hutchison shares rose 0.83% to HKD 66.55 and Cheung Kong shares rose 0.38% to JPY 91.5.

News and Review of European Economic Zone (Switzerland)

Strong Swissie; Can Act SNB Intervention

Friday, May 25, 2012

Once the move is abnormal trading yesterday, the Swiss franc today (25/05, 09:50 GMT) strengthened against the euro on trade EUR / CHF. Opened at 1.2016 in early trading (00:00 GMT), the currency has gained about = 2 pips or about -0.02% and the scrolling seems to be in the range of 1.2014.

Positive sentiment appears strong against the Swiss franc, after the Federal Statistical Office (Switzerland announced publicly that the population of Switzerland is working to increase and show a positive performance in the labor sector.

The development is indicated by an increase in fundamental economic indicators rose 4.05M Employment Levels of value in the previous period is 4.04M. The increases were performing in accordance with the estimated number of economists, who expected to rise to 4.05M.

Meanwhile, the Swiss franc also rose today against a U.S. dollar. Opening price is at 0.9585 in early trading (00:00 GMT), the currency has gained about + 35 pips or about -0.37% and the value of 0.9550 is observed rolling.

News and Review of European Economic Zone

The euro approached its lowest level in 2 years

Friday, May 25, 2012

The euro edged up from its lowest level in two years against the dollar trading session on Friday as market players are bearish market yesterday had little regard jualnyadi finish action this week, but worries about the possibility of Greece out of the euro zone and the risk of transmission would make this increase only moment.

The euro traded up 0.3 percent obtain any dollar at $ 1.2575, away from the level of $ 1,251.55, its lowest level against the dollar since July 2010 and dropped in the previous session.

Although able to rebound, the single currency was still recorded a decrease of more than 5 percent against the dollar so far this month and heading to the fourth weekly decline in a row.

The decline occurred because of the macro funds, real money and institutional investors to boost sales of the currency, due to concerns over the possibility of Greece leave the euro zone rose after an inconclusive election put the country are at risk of the worst, namely bankruptcy and possible exit from the currency bloc .

Against the yen, the dollar rose 0.1 percent traded at 79.65, supported by the importer Tokyo and short-covering ahead of long weekend in the United States.

While the euro was flat against the Swiss franc at 1.2015 francs level, after soaring to a level of 1.20769 francs in the session Thursday, its highest level since mid-March on the discourse of the Swiss government will impose a tax deposits and chatter that the Swiss central bank to start a little trade between the two manahn currency.

News and Review of European Economic Zone

Euro to the worst week

Friday, May 25, 2012

Euro ahead of its biggest weekly decline this year as a growing European crisis dragged on. The euro continued to weaken against other currencies since last May 18 before the release of data next week that are expected to show consumer confidence in Europe declined slightly this month.

While the penangguran in April are expected to rise to its highest point in 21 years. dollar index rose to its highest range in the last 20 months as investors hunt for greenback abuzz.

Euro slightly corrected at 1.2537 per U.S. dollar. yesterday, the euro had dropped to 1.2516 per dollar, its lowest range since July 6, 2010. The euro was at 99.90 yen, after being down 0.2 percent to 99.76. Yen himself fell 0.1 percent to 76.69 per U.S. dollar.

Euro to decline implanted at 1.9 percent against the U.S. dollar inin week, its biggest decline since December 16. In the same period, the euro fell 1.1 percent.

A data will be released and will probably show a little consumer confidence slid to minus 19.3 in May from a range of minus 19.9 the previous month. While the unemployment rate in April will probably rise 11 percent, its highest range since 1990.

While the data from Italy are expected to show retail sales fell 0.2 percent in March after rising 0.6 percent in the previous month.