mynameisandhy

The seventh day, oil the stumbling

Thursday, May 10, 2012

Oil fell for the seventh consecutive day in New York, the longest decline since December 2009, after hopes for a solution to ease the debt crisis of Europe, the U.S. oil inventories rose while imports of China down.

West Texas Intermediate oil dropped 0.7 percent. U.S. crude inventories rose oiled 3.7 million barrels last week to 379.5 million barrels, the highest level since 1990, even in times of shrinking fuel supplies, the Energy Department showed yesterday.

Euro gains against the dollar wiped out after the Greek attempt to form a government and the cost of insurance against the failure of Spain's debt rose to a record. China, the world's second largest oil user, reducing oil imports mentahnyadalam lowest note in the last four months.

WTI oil trading contracts in June fell 66 cents to $ 96.15 per barrel in electronic trading on the New York Mercantile Exchange and was observed in the level of $ 96.24 at 10:56 am London time. Oil slipped 20 cents yesterday to $ 96.81, its lowest close since February 2. Oil prices slumped 2.6 percent this year.

Brent oil contract fell 15 cents, trading in June, or 0.1 percent, to $ 113.05 per barrel on the ICE Futures Europe exchange. The European benchmark contract premiums obtain any West Texas Intermediate at $ 16.81, compared with $ 16.39 on the session yesterday.

News and Economic Review Zone Asia (Japan)

BOJ declared its seriousness, weaker yen

Thursday, May 10, 2012

en and the dollar fell against other currencies as Asian stocks that seemed excited. Demand for the dollar and yen are rampant lately a bit sluggish.

Yen erase gains after members of the Bank of Japan, Sayuri Shirai expressed its seriousness in overseeing the development of the yen. Meanwhile the Australian dollar continued to rally after the release of unemployment data which unexpectedly fell to its lowest point in April.

Sementra was limited demand for the euro by Greece are still constrained in the formation of his coalition government.

The yen weakened 0.2 percent to 103.25 euros range. Yesterday, the yen rose 0.9 percent against the euro. The yen declined slightly against the greenback in the range of 79.67 per U.S. dollar. While the euro looks a little brighter with rose 0.2 percent to 1.2984 per dollar range. Yesterday, the euro had touched its lowest range since January 23 in the range of 1.2912 per U.S. dollar.

The Aussie rose 0.5 percent to 1.0104 per dollar range. Against the yen, Australian dollar rallied 0.6 percent to 80.50 yen range.

News and Review of European Economic Zone (UK)

BT Target Dividend Rise

Thursday, May 10, 2012

Monexnews - BT Group Plc, the company's fixed-line telephone network, Britain's largest, said that the company will pay higher dividends after the reported increase in operating profit by 4% in the fourth quarter that exceeded analysts' estimates.

The company raised its dividend payment to shareholders as much as between 10% and 15% every year for 3 years from now, BT said in a statement today. Earnings before interest, taxes, depreciation, amortization and expense of trimming workforce rose to 1.61 billion pound (or the equivalent of $ 2.6 billion) in the three months to March. Analysts estimate the earnings of 1:58 billion pounds, according to a survey conducted by Bloomberg.

News and Review of European Economic Zone

Sell-off, caused exchange euro weakened

Thursday, May 10, 2012

European stock markets turned lower in morning trading session Thursday, as investors are still worried consumers turned to selling stocks, food and beverages.

The Stoxx Europe 600, down 0.2 percent at 249.18 level but could be opened with a rise of 0.3 percent in opening trade.

French CAC 40 index led the decline, down 0.7 percent to a level of 3098.66, after L'Oreal SA shares fell nearly 2 percent, Pernod Ricard SA slid 1.6 percent and Danone SA slid 1.2 percent.

Spanish IBEX 35 index maintained gains, up 1.7 percent to 6925.10 level, underpinned by rising shares of Repsol YPF SA is up 4 percent on the income statement.

Greece Athens General Index rose 1.6 percent to 624.54 level because of political tensions eased somewhat over the country will talk further assistance.

News and Review of European Economic Zone

Euro falls after ECB monthly bulletin released

Thursday, 10 May 2012

The euro fell to 2930 from 2966 levels or decreased by 30pip immediately after the ECB (European Central Bank) released the Monthly Bulletinnya, in a statement the ECB to cut the target for next year's GDP by 0.1% which falls on the level of -0.2% when compared with estimates of GDP this year in 0.1%. other major currencies and commodities also showed significant impairment resulting from the release of this Monthly Bulletin, the future fate of Europe is still dependent on the development of political conditions in Greece and debt developments in Spain and Ireland.

Oil fell on the sixth day

Wednesday, May 9, 2012

Oil fell for a sixth day in New York, the longest decline in nearly two years, after U.S. crude reserves increasing, the world's largest consumer of commodities.

Oil futures fell as much as 0.9 percent after a 8.6 percent decline in the post the last five days. U.S. crude oil inventories increased 7.8 million barrels last week to 378 million, its highest level since August 1990, the American Petroleum Institute reported yesterday. Government reports crude inventories will be released today and is expected to show an increase of 2 million barrels, according to a Bloomberg News survey. Crude oil refining companies ready to rebound as the global increase of purchase, Societe Generale SA said in a statement.

Crude oil sales contracts in June fell 82 cents to $ 96.19 per barrel in electronic trading on the New York Mercantile Exchange and was at the level of $ 96.30 at 10:53 am London time. Oil slipped 1 percent to as low as $ 97.01 yesterday, its lowest close since February 6. Oil prices trade contract next month fell 2.6 percent this year. Decline in six days is the longest since July 2010.

June Brent oil contract is trading at $ 111.99 per barrel, down 0.7 percent, ICE Futures Europe Exchange. Premium European benchmark contract for West Texas Intermediate at $ 15.68, little changed from $ 15.72 on the session yesterday.

News and Economic Review Zone Asia (Japan)

Translucent 100-Day MA, USDJPY Bearish

Wednesday, May 9, 2012

Phase USDJPY decline from its highest level at 84.17 March 15 has been continued until today. Having had time to try to re-approach the psychological level of 80.00 in early trading Wednesday, USDJPY should be going down to penetrate the 100-day MA at around 79.70, to touch the daily lows at 79.42 ahead of the opening session of Wall Street.

USDJPY is currently offered in the range of 79.55, or about 0.4% below its opening price today.

Referring to the movement of the analyst Deltastock.com, Stoyan Mihaylov, estimates that if the pair will still be moving toward the 78.30-50 area. "Failure to return the highest level reached yesterday at 80.07, followed by penetration of 79.70 has been further strengthened by the bearish pressure towards the target zone of 78.30-50," he said.

News and Review of European Economic Zone

Euro extends decline against the dollar

Wednesday, May 9, 2012

Euro extends decline against the dollar on Wednesday, falling below the 1.30 support level, due to concerns over possible failure of the Greek or out of the euro zone increased.

Concerns over the future of Greece in the single currency bloc culminated in a session Tuesday after Alexis Tsipras, Chairman Syriza Greece's second largest party, said that Greece's financial aid package is null and void, and called for a moratorium on debt payments Greece.

Tsipras have held talks with leaders of major political parties in Greece today, in an attempt to form a government continued, but the second round of elections seems increasingly possible.

Investors also fear that the focus was elected President of France Francois Hollande on growth rather than austerity measures as a means to overcome the debt crisis of the euro zone could trigger tensions with Germany.

The euro touched its lowest level observed since Monday at the 1.2963 level in European afternoon trading, then consolidated at the level of 1.2971, down 0.27 percent.

Euro hovers just above the level under three and a half years against the pound, edged up 0.01 percent to 0.8049 and the euro hit a record drop to its lowest level in three months against the yen, down 0.76 percent to hit 103 , 08.

News and Review of European Economic Zone

Spanish banking worsen European Market Sentiment

Wednesday, May 9, 2012

Majority stake in Europe's main bourses have had to go back to trading blows Wednesday after a source said that if Spanish banks may have to increase their capital adequacy in the near future, amid a prolonged political uncertainty Greece.

German DAX and French CAC40 slipped into the red zone with each lost 0.5% and 1.15%. Similarly, the British FTSE index fell 1.3% to enter the mid-session on Wednesday.

Banking stocks fell sharply observed after a source said that if the Spanish government may be urged banks to increase the provision of real estate assets they are.

Semantara increasingly widespread speculation that Greece will come out of the 17-nation bloc as politicians in Athens continues to struggle to form a coalition government after an inconclusive election result on Sunday.

News and Review of European Economic Zone (UK)

Retail sales weaken Sterling

Wednesday, May 9, 2012

Sterling weakened in the London session after retail sales data confirm the economy experienced a recession that is now England. British Retailers Association data show retail sales fell 3.3% in April, worse than the publication in March increased 1.3%. This is the biggest fall in retail sales since March 2011 and will certainly also influence the Bank of England monetary policy.

The survey shows the BoE will continue to keep interest rates at a low level of 0.5% and did not change as much an asset purchase program? 325 mylar. However, further indications of the emergence of weak economic activity will still be able to turn the expectation of monetary stimulus. "We do not anticipate a change in the BoE monetary policy. However, the worsening economic indicators and the recession being experienced in the UK would be able to push some BoE officials to consider providing more stimulus. This course will push sterling performance, "said Adrian Schmidt, strategic Lloyds.

Gold prices still show a downward trend

Tuesday, May 8, 2012

Entering the second day, gold prices drop relisted. This afternoon, the price of gold in the spot market fell 0.5% to U.S. $ 1630.45 per troy ounce. At 14:56 pm Singapore time, the price of gold was at U.S. $ 1631.59 per troy ounce.

Meanwhile, the contract price of gold for June delivery dropped to U.S. $ 1631.80 per troy ounce on the Comex in New York. Yesterday, the same contract was down 0.4%.

There are a number of factors that affect the movement of Asian stock today. One of them, investors are worried about the future of Greek membership in the European zone. Conditions that weaken the euro against the U.S. dollar. In the end, the level of demand for gold as an alternative investments are also trimmed.

"The U.S. dollar strengthened, thus diminish the charm of gold as an alternative asset," said Lachlan Shaw, an analyst at Commonwealth Bank of Australia.

In India, yesterday (7/5), local government policy attracted a tax increase on gold jewelry. The move comes after the jewelry business went on strike for three weeks in March to oppose the policy.

"The high demand for gold from China will help boost the gold price movements. In addition, gold demand in India also started to recover and become an important factor in driving the price of gold," said James Steel, an analyst at HSBC Securities Inc.

News and Economic Review Asia Zone

Regional exchanges Crop Losses

Tuesday, May 8, 2012

Most of the regional markets showed positive performance after yesterday's sharp drop was due to concerns over the political map changes that occurred in Europe and its implications for the euro zone economy. Nikkei +0.7%, S & P / ASX +0.2%, HSI +0.2%, Kospi +0.5%, +0.1% Taiex, Sensex -0.1%, -0.2% and Shanghai Composite.

In the forex market, it was reported that the U.S. showed little reinforcement with EUR / USD at 1.3032 from 1.3052 on Monday night in New York, EUR / JPY at 104.20 from 104.29, and USD / JPY at 79.96 from 79.91. Australian finance minister, Wayne Swan will report the cabinet budget at 16.30 pm. He will malaporkan suplus budget for the coming fiscal year with a trade deficit of A $ 1.59 billion in March, larger than in February of A $ 754 million and the expected deficit of A $ 900 million.

The New Zealand government recorded a deficit of NZ $ 6.1 billion for the nine months to March. Larger than expected in October forecast of NZ $ 787 million. South Korea's producer prices rose 2.4% per year in April versus March, an increase of 2.8%. Data is the lowest since February 2010. The price of gold at $ 1,628.10, while the June contract on the Nymex oil $ 96.98/barrel.

News and Review of European Economic Zone

European markets weakening in Early Session

Tuesday, May 8, 2012

Concerns over newly elected Greek government has made the European stock markets opened lower on Tuesday trading (08/05/2012).

Konvervatif main stronghold in Greece failed to agree to form a coalition after the elections on Sunday (06/05/2012). Thus allowing the left-wing coalition party formed a government alone. The market had expected they would oppose a bailout from the EU and the IMF. So quoting from cnbc.com.

FTSE index fell 0.09% to 5650, the CAC down 0.9% ke3.182, 48 and the DAX index fell 0.3% to 6548.74. Marked decline in the stock index 0.7% Deutsche Boerse who are experiencing technical problems with the trading system. Dutch Telecoms shares rose 18% after America Movil, controlled telecom giant conglomerate of Mexico, Carlos Slim plans to acquire 28%.

Asian stock markets marked decrease in the Hang Seng index fell 0.5% and Shanghai index down 0.1%. The increase experienced by the Nikkei index rose 0.6%, Straits Times index rose 0.2%, Kospi index climbed 0.5% and the ASX index rose 0.3%.

News and Review of European Economic Zone

Euro Vulnerable 'Play' to Under $ 1.3000

Tuesday, May 8, 2012

Until well into the European trading session (Tuesday, 8/5) the single currency Euro seems to shrink steadily eroded close to critical level $ 1.3000.

The weakening U.S. today is still associated with the action undertaken by the risk aversion of investors because they merass uncertain situation in Europe. And the euro likely will still likely remain under pressure in the next few days. And did not rule out the single currency was eroded back to a level below the critical $ 1.3 considering the technical, some indicators are now showing a bearish trend.

The condition is characterized by the stochastic indicator, MACD Moving Average and a confirmed downtrend. So when referring to the indicator, approximately 80 percent of the EUR today is likely weakened again and it is difficult to mamacu rally.

So that these currencies have to deal with the detainees immediate support at 1.3000 and 1.2960 for psychological proceed to 1.2920. Meanwhile, when EUR was able to strengthen again even though it must be hard, some of which will limit the resistance level of 1.3065 and 1.3100 to 1.3130.

News and Review of European Economic Zone

Greek elections still Potentially Press European Stock

Tuesday, May 8, 2012

European stocks trading on Tuesday (05/08/2012) is predicted to move mixed with Greek election results and prospects of the EU economy.

FTSE index is predicted to potentially

fell 8 points, the DAX index would go up 17 points and potentially lower CAC 5 points. With the victory of Francois Hollande in French election

at the end of last week and the Greek election results give a negative sentiment for the global market.

The failure of the bailout supporters politicians in France and Greece worrying European crisis. The two countries

is currently led by the socialist camp who opposes and rejects bailout budget austerity policies. Whereas the second step is the initial solution out of the crisis that has been running for two years.

Greek parties supporting the bailout must surrender his power to the coalition of the Socialist camp. Today, the Greek government will auction bonds worth 1.5 billion euros or U.S. $ 1.95 billion.

European markets will menvermati HSBC performance reports, Tui Travel, Munich Re, Deutsche Post and Statoil of Norway. Asian stocks rose as the majority of the Hang Seng index fell 0.03%,

Nikkei up 0.6%, Straits Times index rose 0.3%, the Shanghai index down 0.5%, Kospi index rose 0.4%, ASX index rose 0.09%.

Depressed for a week after the trade last night at the Dow Jones has limited attenuation, attenuation as a result of ongoing concerns about the economic recovery in Europe. Dow weakened 0.2%.

Decrease Sharply As Oil AIG Global Oil Demand

Monday, May 7, 2012

Oil prices fell sharply to its lowest level in 3 months, even penetrating below $ 98.40 per barrel from U.S. employment data reported weaker than expected.

Poor jobs report has sparked new concerns over global oil demand, let alone the global economic outlook still looks grim.

Observed so far in U.S. crude for June contract traded fell -0.90% to as low as $ 97.58 per barrel, after reaching an intraday highs at $ 98.24 and daily lows at $ 95.34 per barrel. Since last February, the New York Mercantile Exchange crude oil has fallen 10% from $ 109.77 per barrel level.

United States, as the world's biggest oil consumer, can be used as indicators of trends fuel demand primarily through the U.S. unemployment rate data, where high unemployment rates generally berkoelasi with a gloomy demand as users travel less and those who want a vacation.

In terms of supply, the world's largest oil exporter, Saudi Arabia has increased production by 10 million barrels in the last few days.

News and Economic Review Zone Asia (Korea)

Won experienced the steepest decline

Monday, May 7, 2012

Won the sharpest decline in the last month and increased government obligsi after data U.S. job market is weaker than expected. The results of the vote in France also adds to concerns that had been spread in the euro zone.

Candidate of the Socialist Party, Francois Hollande was elected president of France. Sementra that there are four banks in Korea are suspended for failing to achieve its operational activity of the financial criteria of the South Korean financial policy makers. And KOSPI fell to around its lowest since December last year, following in the footsteps of U.S. stocks.

The won weakened 0.6 percent to 1138.50 per dollar range. The decline was the biggest decline since April 4. volatile won rose 42 basis points, or 0.42 percent to 7.80 percent.

Bank of Korea likely will hold interest rates in the range of 3.25 percent the same as 10 months before the next meeting March 10.

South Korean government bonds with maturity in December 2014 fell five basis points to 3.37 percent, according to data from the Korea Exchange. The range is the weakest since February 1 last. bonds with a maturity of three years naik0, 13 points today to 104.48. Bonds with a maturity of one year fell two basis points to 3.45 percent.

News and Review of European Economic Zone

German industrial orders Try Mute Attenuation Euro

Monday, May 7, 2012

Try to reduce the weakening euro after German data give hope for improvement in Europe's biggest economy. German industrial orders rose 2.2% for the month of March, better than the revised forecast of 0.5% and 0.6% the previous publications. The euro rose 10 pips after the data was released. Nevertheless, the euro was weakened by the EUR / USD is now trading 1.3036, not far from 1.2955 daily lows.

Would signal the emergence of the German economic recovery would give some good news amid widespread concern about the impact of the election results in France and Greece. Investors are worried by the European commitment to resolve the debt crisis after Hollande wins the presidential election in France. It remains unclear what kind of coalition government will be established by the Greeks but the market seems to be preparing for the possibility of renegotiation of the European bailout fund requirements.

The increasing industrial orders will certainly be intimated the German economic recovery after the worst natural period in the winter. It also can increase the likelihood will decrease the threat of recession in Europe. Stretching the German economic activity would be to increase imports from countries other euro-zone members that can contribute spur economic activity in the troubled country like Spain and Greece.

News and Review of European Economic Zone

Stocks slumped Greek Easter Weekend Election

Monday, May 7, 2012

Greek stocks fell sharply following the elections at the weekend that produced a defeat for the Greek government parties are more pro-bailout and pro-austerity.

Monitored by far the Greek ASE Composite Index, fell -6.3%, while the Greek bond yields for 10-year tenor soared percentage points to level 2:34 23:06%. Issuers of shares National Bank of Greece still show decline in lead weakened by -15%.

The results of the popular vote more in favor of parties who opposed the budget austerity program / ​​austerity as a condition to continue to obtain financing from partners in Europe and the IMF. These results also sparked fears that Greece will soon leave the Euro Zone, and cause weakening of the single currency against the euro since the Asian trading session today.

After the Greek government came to power and is ready to negotiate, the team Troika of the European Commission, IMF and the ECB will re-visit to Athens to discuss the budget austerity measures. If Greece fails to deliver as promised earlier commitment, no risk of an international bailout will again be revoked.

News and Review of European Economic Zone

Election results Enlarge Opportunities Greece Greek & Euro Zone Divorce

Monday, May 7, 2012

Greece in danger of getting deeper into the crisis deepened as the election results indicate the presence of anti-austerity budget vote results in the absence of a convincing winner of the election.

Party is dominant, the PASOK (Conservative New Democracy and Socialist) won only 1/3 vote, or less than? less necessary in the Greek Parliament. While other parties in Greece are more pro-bailout and pro-austerity election defeat.

These results lead to renegotiation of the agreement between the IMF, the European Union and the Greek government, but about 70-75% of Greek society still wants to remain incorporated in the Euro Zone as well as many benefits for the economy. While Citi analysts increases to 75% chance that Greece will exit from the Euro zone, Greece in 12 to 18 months.

Respond to these conditions, the EURUSD currency pair fell below the psychological level of 1.3000, while at the same negative sentiment in the stock market into Asia partly weakened sharply. Japan's Nikkei fell -110 points, while Hong Kong's Hang Seng index dropped -581 points due to the action and attitude of risk aversion by investors who sell shares of a number of listed companies that export to the European region.

Ahead of U.S. Data, Oil Collect Gain

Friday, May 4, 2012

Oil contract rose slowly in the early Asian market trade following the selloff last night (03/04), the gain is limited because of fears of oil investors ahead of U.S. payrolls data release at 19.30 pm that would affect oil prices.

Nymex oil, known as WTI, last night (03/04) fell to a low of two weeks while ICE Brent closed at its lowest level since early February. Economic activity in Europe are declining and jobs data which is predicted to negatively predicted will continue to depress prices, "said Jim Ritterbusch at Ritterbusch and Associates." Viewed from the perspective of oil prices are flat, Brent is still visible to the level of $ 112 while WTI is under the level $ 100. "

Nymex crude oil rose 13 cents to $ 102.67/barrel on Globex after closing down 2.6% last night, ICE Brent rose 15 cents to $ 116.23 after a 1.8% drop.

News and Economic Review Zone Asia (China)

Exchanges between China volatile increases and decreases

Friday, May 4, 2012

Exchanges between China float rises and falls as investors who berspeklulasi that the Chinese central bank will probably take a stand over the lack of economic perkembagan.

Jiangxi Copper Co. and Tongling Nonferrous Metals Group Co. dropped after the United States growing industrial sector is weaker than predicted. China CNR Corp rose 0.9 percent.

Shanghai Composite Index fell 1.40 points, or 0.1 percent, to 2438.68. CSI 300 Index rose less than 0.1 percent to 2692.07. That leads this week's CSI 300 rose by 1.8 percent.

During the year the Shanghai Index rose 10.9 percent on speculation that the government would intervene to resolve the slow economic growth. Yesterday, about 10.32 billion shares exchanging hands on the Shanghai Composite or 30 percent higher than the average range this year.

The Chinese government has menguarangi lending requirements for banks twice since November. Nevertheless, interest rates maintained in the range of its highest since November 2008.

The MSCI index fell 0.2 percent. Jiangxi Copper fell 0.8 percent to 27.54 yuan and Tongling fell 0.5 percent to 22.74 yuan.

Institute in for Supply Management said its nonmanufacturing index that fell to the lowest range for four months in April, to around 53.5.

News and Review of European Economic Zone

Post-Euro falls ECB Meeting

Friday, May 4, 2012

In the afternoon session on the weekend (Friday, 4/5) observed the single currency Euro is still stuck in the relegation zone range of $ 1.3140/50.

Decline of EUR today because investors still feel a sense of pessimism about the economic recovery in Europe after the release rate of manufacturing activity is declining significantly. So that the condition re sparked concerns about the economic slowdown in the region, especially ahead of elections in France and Greece this weekend. And consequently the EUR yesterday had fallen to the low range of $ 1.3097 against the dollar despite the present record lows at $ 1.3142.

Negative pressure is also growing after the statement of the President of the ECB - Mario Draghi, after it returned its key interest rate at 1% level. Draghi said that the prospects for the euro zone economy will recover this year, although it remains vulnerable to downside risk.

Yet she became more worried about the market in the absence of action from the ECB in a series of numbers following yesterday meetingnya worsening fundamentals. Because it is risky to bring negative consequences for the euro zone economy.

News and Review of European Economic Zone

Depending on the payrolls Stock Performance

Friday, May 4, 2012

European Central Bank (ECB) interest rates on hold today while most of the country was entering a recession phase.

ECB chief, Mario Draghi, not closing the possibility of rate cuts in coming months. His comments helped the market to the stock market closed mixed. Britain's FTSE rose 0.2%, Germany's DAX fell 0.2% and French CAC lost 0.1%.

Yesterday Asian stock markets also ended mixed. Shanghai Composite (SHCOMP) rose less than 0.1%, while the Hang Seng (HSI) of Hong Kong minus 0.3%. The Tokyo stock market closed yesterday. Most of the Asian stock markets dragged down by weaker today Wall Street overnight. While European markets are not much different possibilities to confirm payrolls data released tonight.

News and Review of European Economic Zone

Euro Bullish Signal Strength

Friday, May 4, 2012

Movement on EURUSD 1-hour chart looks bullish to build the foundation. If the euro firmed against the dollar to break through resistance 1.31651 then there are chances that prices will move upward toward the resistant 1.32097. The technical indicators of the stochastic is in overbought. Beware if prices break through support there is a tendency 1.31375 prices will move down to 1.31153 to 1.30928 support.