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Oil prices fluctuate

Thursday, May 3, 2012

Oil declined slightly after falling the most in almost two weeks after U.S. employment data that showed off the mark from the previous estimate and the rise in U.S. oil inventories kelevel its highest in 21 years.

Oil futures contract moves between strengthening and weakening in New York after previously fell 0.9% yesterday. Prices fell after the U.S. released data showing that firms absorb labor is lower than forecast last month. The same thing happened in Germany with the rise in the number of unemployed exceeded expectations. U.S. oil inventories rose kelevel highest reported by the Energy Information Administration.

Crude oil for June delivery was dilevel $ 105.13, down 9 cents at NYME, the contract fell 94 cents yesterday kelevel $ 105.22. Contract lowest close since April 30. Oil prices have risen 6.4% so far this year.

Brent oil contracts are dilevle $ 118.31 a barrel, up 11% in London. European benchmark contract versus New York was at $ 13.16 from $ 12.98 yesterday.

News and Economic Review Zone Asia (Hong Kong)

The banking sector continued to press the Hang Seng

Thursday, May 3, 2012

Hong Kong stocks slipped today led by banking stocks China. Domestic investors in Singapore, Temasek Holdings will sell its stake in two of the largest bank in China.

Chinese bourse also fell with the CSI 300 Index fell 0.2 percent, the Shanghai Composite Index fell 0.4 percent, down from the closing of the best in the last seven weeks.

China Enterprises fell 1.6 percent. Hang Seng fell 0.5 percent, down from a closing high reached in March. on 20 February, the Hang Seng was up to around 21 760, which is the highest range throughout 2012. Hang Seng is currently 2.5 percent below that range.

China Construction Bank fell 3.3 percent to 5.96 Hong Kong dollars. Bank of China fell 4 percent menjad 3.99 Hong Kong dollars. Both the company's stock into shares of the weakest in Hong Kong today.

Temasek to sell its stake for 1.61 billion U.S. dollars. Is not yet clear who will buy the shares.

Chinese banking stocks as a whole rebounded in 2012 after declining sharply in 2011 and then. however, last week's "Big Four" record first-quarter profit weaker than expected. This will further add to concerns that China's economy continued to slow.

News and Review of European Economic Zone (UK)

UK house prices fell an estimated flat

Thursday, May 3, 2012

House prices fell again in the UK reported last April and for the next 12 months the price is expected to be flat, as indicated by a report from Nationwide Building Society today.

Prices earlier this year started positively for new home buyers who take advantage of the tax holiday property then fell on March 24 a result of the request and supplies that allow higher prices to weaken.

Index showed prices fell 0.2% on average in April from March and 0.9% so far this year.

And in the three months to April, a measurement that soften the sharp monthly fluctuations, prices fell 0.7% compared with three months to January after falling 0.5% in the first quarter of this year.

Last March, the Nationwide reported house prices fell 1.0% in February and 0.9% lower than the previous year.

The UK economy is expected to re-enter a recession this year after gross domestic product fell 0.2% in the first quarter following the depreciation of 0.3% between October and December last year.

The unemployment rate is expected to continue this year and inflation expected to remain high despite the Bank of England estimates that inflation will return to the level of the target at 2% at the end of this year.

News and Review of European Economic Zone

Expect ECB stimulus stream, the euro fell

Thursday, May 3, 2012

The euro approached its lowest range during the last two weeks against the U.S. dollar today. Over the last few days the euro continued to decline due to fears of eurozone debt crisis is not finished. Today the focus of investors focused on meeting the European Central Bank.

The euro fell 0.1 percent to 1.3145 per dollar range. The euro briefly fell into the range of 1.3122 per U.S. dollar on Wednesday after weak manufacturing data released Europe. Support level seen in the range of 1.3104 euros per U.S. dollar, which had reached the range on 23 April.

Trimming the Spanish credit rating was recently may be the reason for the European Central Bank to conduct a policy relaxation. The relaxation zone is needed to protect Europe from the crisis worse.

Today, Spain will conduct the auction rate bonds with maturities of three and five years for the first time after the rating they leh trimmed Spain. Spain credit rating cut to BBB + from A last week.

Concerns about the euro zone is making the dollar index back to the top of the range of 79.00 pushed away from the low range is achieved at the level of 78.603 on Tuesday.

News and Review of European Economic Zone (UK)

External factors grabbed Sterling Performance

Thursday, May 3, 2012

Until the afternoon (Thursday, 3/5) £ monitored had not moved from the negative range after yesterday slumped to break down the critical level $ 1.62

Mainly due to the collapse of Sterling followed the Euro slipped against the dollar after a series of bad Euro zone data that prompted investors to switch into safe haven currencies. Pound is now moving in a narrow area's $ 1.6180 after earlier dropped to $ 1.6158.

Yesterday, data from Switzerland, Germany, Spain to France showed factory activity (manufacturing) declined significantly. Even the Italian manufacturing sector shrank far more than forecast, with factory orders fell at the fastest pace in three years. And its effects, gloomy data is brought negative pressure for the exchange rate Euro and Sterling auto dragging for correction.

However, the UK construction sector data better than expected seems to still be able to limit the decline in GBP (Sterling). UK construction PMI rate in April fell to 55.8 from the previous month, but still above economists' expectations of 54.0. These results are considered quite positively by investors, given the deterioration of construction output is one of the reasons behind the economic contraction in the first quarter.

In essence, external factors make the British pound sterling to ignore the data slightly better, which is finally broken down CHF 1.6200 level. Technically, the levels will go back in because some indicators sambangi Sterling Moving Average (hourly) is still showing bearish pressure. Targeted support is 1.6170 and 1.6140, while successfully penetrating into the 1.6200, GBP will continue the resistance 1.6240.

Gold Not Yet Out of Phase Correction

Wednesday, May 2, 2012

Correction in gold continues Wednesday (02/05) as the strengthening of the dollar index.

Gold futures June delivery fell $ 6.50 to $ 1,655.90 per ounce during the Asian session. Yesterday the price of this precious metal has been weakened after the release of manufacturing data United States (U.S.) is impressive.

Performance of positive economic data to create an index value of the dollar higher and make more gold selling expensive. Exchange rate can be even stronger if the private sector employment data released later also positive.

Gold can now look forward to the volume of physical metals demand in Asia, following the purchase of season and cultural trends. While more support could come from expectations the weakening of the dollar in the second half of 2012.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong Stock Exchange closed vibrant

Wednesday, May 2, 2012

Hong Kong Stock Exchange closed at its highest range of the past six weeks helped by the financial sector. Data from the U.S. is strong and growing Chinese PMI also helps increase in Hong Kong stock exchange today.

Hang Seng closed up 1.02 percent to 21309.08 range. China Enterprises in Hong Kong rose 0.59 percent. while the Shanghai Composite closed up 1.76 percent to 2438.44 range, close to its highest range in April.

Investors seem looked at the banking sector and insurance companies of China after the two companies to increase profits in the first quarter. In addition, investors also seemed eager for a positive China PMI data. Citic Bank and Minsheng Bank, up respectively two and 1.4 per cent.

China PMI, released a powerful make the company's stock as Jiangxi Copper rose. Jiangxi Copper and Zijin Mining rose 2.7 per cent respectively, almost three times that of the average range of 30 day.

News and Review of European Economic Zone

Euro-zone Unemployment Soon Translucent 11%

Wednesday, May 2, 2012

For the first time since the euro was introduced, the ratio of unemployment in the region hit a record high.

Data adjusted euro-zone unemployment shows that the number of people without jobs has reached 10.9% in March. The ratio was 0.1% higher than the previous month's record of 10.8%. Central statistical office, Eurostat, reported unemployment in the 17 countries that use the euro currency rose 169,000 to a total of 17.365 million people.

The number and the total increase in March was the highest since the single currency was first launched 1999. Some analysts predict the unemployment ratio quickly penetrate 11% in the coming months with potentially more dangerous to 11.5%. The reason behind this assumption is nothing but an economic slowdown in many countries due to debt crisis. Program amid budget cuts, industry and business sector will not recover this year so that the labor absorption it prone to deteriorate.

News and Review of European Economic Zone

German unemployment data ahead of the announcement, the euro fell

Wednesday, May 2, 2012

German unemployment data for April will be released today from the Federal Labor Agency. The number of unemployed fell by 10,000 predicted in April after declining 18 000 in the previous month.

Final survey results of PMI Europe and the euro zone will be issued today. both Germany and the euro zone PMI are expected to touch 46.3 points and 46.0 in April.

The euro fell sharply against other currencies ahead of the release of such data. The euro had touched its lowest since the five-day range terakir in the range of 1.3186 per U.S. dollar.

Against sterling, the euro fell to its lowest range in the last two days in the range of 0.813 per pound. The euro also fell against the yen to 106.0 yen range. Against the franc, the euro was in the range of 1.207 francs

News and Review of European Economic Zone

Dreary would undermine Euro Economy

Wednesday, May 2, 2012

The euro fell in London after a series of data sessions emphasize the threat of a recession that was haunted by the euro-zone economy. Euro-zone manufacturing index fell to 45.9 for the month of April, lower than the 46.0 forecast and previous publications. Italian manufacturer orders please register a sharp decline in the last three years; manufacturing activity even Germany, Spain, and France to contract sharply. EUR / USD is now trading 1.3150, 1.3241 daily high level away from

Gold Price Reaches Highest Position 2 Weeks in Asia Session

Tuesday, May 1, 2012

On electronic trading in Asia today gold prices posted an increase (01/05). This precious metal prices reached the highest position in two weeks and continued the trend of trade rose yesterday. The dollar remained under pressure against rivals who also helped gold prices to continue to increase.

In today's trading the dollar appears to be still continuing its bearish trend against most rivals. The U.S. dollar slumped amid expectations that the Fed will again provide further stimulus. These conditions resulted in the demand for dollar-traded commodities rose as the price becomes relatively more prosperity for overseas buyers.

At today's spot gold prices observed in the position of 1664.45 dollars per troy ounce. The price of gold has increased by 35 cents compared to the position of the close of trading early this morning. In today's trading spot gold price had increased to the position of 1667.70 dollars per troy ounce which is the highest price since April 13.

News and Economic Review Zone Asia (Japan)

Nikkei tumbles amid May Day holiday

Tuesday, May 1, 2012

Pause until the afternoon session (Tuesday, 1/5), a quiet movement of many Asian markets dominated by Tokyo Japanese stock market because of China, South Korea, Taiwan, Thailand and the Philippines today regarding closed Labor Day or May Day worldwide.

Japanese stock market had just opened after a holiday yesterday, immediately pressured by exporters due to the strengthening of the yen broke back sharply to below 80 yen, and the strengthening of the first time since late February. The weak dollar against the Japanese currency, plus the U.S. stock market correction following a poor manufacturing activity data (PMI) district of Chicago, a negative catalyst for the Japanese market. Tokyo bourse index closed down declining to minus 215 (Nikkei futures) to the 9330 level or -2.25%.

While the market's attention was distracted by today's interest rate decision from Australia's central bank is quite surprising the market. Bank of Australia (RBA) decided unexpected interest rate cut by 50 basis points to 3.75% from the previous 4:25%, while market expectations will only 25bp cut. Besides the fundamental data releases will appear menufaktur the data from the British and the American Red Cross who are both expected to decline.

News and Review of European Economic Zone

EURUSD: Potential Bearish, Support at 1.3225

Tuesday, May 1, 2012

Movement on EURUSD 1 hour chart's looks to rebound by moving upward. Beware as well as the condition of the stochastic indicator is in overbought conditions it is possible that the price will go down. The outbreak of 1.3225 support will tend to bring the price moves down towards 1.3198 support. Conversely if the euro firmed against the dollar and break through 1.3268 resistance then there is a chance that prices will move upwards towards 1.3294 resistance.

News and Review of European Economic Zone

Celebrating Labor Day, the European Bank Holidays; Euro Flat

Tuesday, May 1, 2012

On the movement of Asian forex session this morning (01/05, 03:21 GMT), Euro generally indicates a very strong movement of the tips of some of the other major currencies after opening at 103.26 in early trading (00:00 GMT), the currency has gained about + 2 pips or about 0.02% and at the rolling news was revealed to be monitored at 103.28.

Them off at the bank in Switzerland, France, Germany and Italy led to the financial system traffic Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) closed and strongly influence the market with lower trading volume.

Normal range of movement of the Euro on the day the index is expected to have a support level at around 103.13 and resistance level at around 103.4.

News and Review of European Economic Zone

Euro Traded Near 2-Week Low Versus Yen Before the Spanish Bond Sales

Tuesday, 01 May 2012

The euro was 0.3 percent of the two-week low against the yen before selling the Spanish record this week amid concerns over Europe's debt crisis is hurting economic growth.

Demand for 17-nation currency was limited after the Prime Minister of Luxembourg Jean-Claude Juncker said he resigned as head of the group of euro area finance ministers since the Franco-German problems in managing the fiscal woes of Europe. Australian dollar fell against most peers principal before the Reserve Bank to set interest rates at its policy meeting today. The dollar was below 80 yen for a second day.

"I would anticipate political instability, stepping around the fiscal austerity measures and weak economic figures all point to downside risks for the euro," said Greg Gibbs, currency strategist at Royal Bank of Scotland Group Plc in Sydney. "I would not be surprised if it did underperform."

The euro traded at 105.76? at 10:02 am in Tokyo from yesterday's closing York, New when it touched 105.47, the weakest since April 17. The common currency was little changed at $ 1.3239. The dollar was taken? 79.89 from 79.82 yesterday, when it slipped to 79.74 level, at least since February 22.

Aussie was at $ 1.0422, 0.1 percent lower than yesterday's close, when it fell 0.4 percent. Currency is taken? 83.22 from 83.25.

Spain will auction off three-and five-year notes on May 3. Yields on the 10-year bond rose above 6 percent last month, fueling speculation the fourth largest euro area economy will follow Greece, Ireland and Portugal in seeking a bailout. The Spanish economy entered recession since 2009, a government report showed yesterday.

Brent headed to monthly decline

Monday, April 30, 2012

Brent oil to the first decline in four months amid fears that the economic recovery of Europe terngah restrained.

Oil futures fell as much as 0.5 percent, extending losses to 2.9 percent this month. Spain's economy contracted in the first quarter, making the country into a second recession since 2009, the National Statistics Institute said. Minister of Spain will hold a press conference today on measures to reduce the budget deficit.

Brent oil trading contracts in June traded at $ 119.39 per barrel, down 44 cents, on London's ICE Futures Europe exchange in London observed until around 9:49 am local time. Price heading to the first monthly decline since December. Home-month premium benchmark oil contract for West Texas Intermediate Europe at $ 14.74, from $ 14.90 on 27 April.

Crude oil sales contracts in June traded at $ 104.67 per barrel, down 26 cents, in the New York Mercantile Exchange. Prices rebounded 1.6 percent this month after a 3.8 percent decline in March.

News and Economic Review Zone Asia (Korea)

Review KOSPI: Attempting to Follow Wall Street

Monday, April 30, 2012

Until mid-April, the stock of South Korea (KOSPI) was hit by a correction due to rising tensions on the Korean peninsula after the long-range missile test North Korea's.

Of the fundamental line, the emergence of a number of unsatisfactory data helped foster concerns about high inflation and economic slowdown. Gain obtained KOSPI index trimmed by the negative performance of China's GDP in the first quarter as well as American payrolls report.

But gradually KOSPI finally began to recover slightly and the opportunity to rally in May. In addition to be carried by the strengthening trend of the Dow Jones index, KOSPI also received support from the policy interest rate imposed by the Bank of Korea. 3.25% interest rate level is very friendly to investors who like to play in the export sector.

Domestically, the South Korean stock market does not have significant obstacles to record a new rally. However, there are many external issues are prone to trigger a correction, ranging from the decline in China's export performance, recession and the euro zone has not restored the labor sector in the United States. The potential of such sentiment would be the major obstacle for the KOSPI index in May.

News and Review of European Economic Zone

Euro-Zone Growth Slows Credit

Monday, April 30, 2012

The growth of bank credit to firms and households in the euro zone slowed in March. This would signal the ECB liquidity injections have not been channeled to the real economy. Credit growth reached only 0.6%, lower than the publication in February by 0.8%.

"Although the ECB's liquidity injections have increased the supply of credit, but credit growth rate also depends on demand," said President of the ECB, Mario Draghi, the EU parliament last week. "With the economic situation of recession overshadowed the credit growth will remain weak for a while before economic conditions improve. "

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3228, 1.3266 daily high level away from

News and Review of European Economic Zone

Euro-Zone Inflation Slows

Monday, April 30, 2012

Inflation in the euro zone slowed in April, but not as low as predicted, although the largest German inflation slowing please register. The consumer price index (CPI) increased 2.6%, higher than the predicted 2.5% but lower than 2.7% in March publications.

The slow decline in inflation reflected a diversity of conditions in the euro-zone. In Germany, the CPI rose 2.0%, lower than the 2.3% rise in March. Inflation in Belgium also eased, but only slightly. On the other hand, the Spanish inflation rose to 2.0%, higher than 1.8% in March publications.

Even so, inflation remained above the ECB target of 2%. Although slowing, inflation is still high and this will certainly undermine the purchasing power of consumers that can worsen the economic situation.

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3230, 1.3266 daily high level away from

News and Review of European Economic Zone (UK)

Home prices soared, the pound strengthened

Monday, April 30, 2012

Pounds, the daily rise against the dollar Eleven. Pound that leads her oldest rise against the greenback since January 1971. A report shows an increase in house prices in the UK in April.

Sterling rose to its highest point during the last 22 months against the euro. Gold prices in Britain rose 0.1 percent from March. house prices in March anik 0.2 percent, according to Hometrack Ltd. observations.

Pounds, up 0.1 percent to 1.6285 per dollar range. Pound rose to 1.6297 per dollar range, the range of its highest since August 31 last. pound rose 0.2 percent to 81.35 pence per euro. Pound rose to around 81.30 pence, its highest range since June 30, 2010.

Last month, sterling rose 1.5 percent, the currency with the third best performance after the yen and Canadian dollar. While in the same period, the dollar fell 0.4 percent and 1.2 percent eurot con.

Bonds with a maturity of 10 years declined slightly to around 2.14 percent. while bonds with maturities in 2022 fell 0.125, or 1.25 pounds per 1,000 pounds to 116.465.

Fears The growth of Spanish and European Drag Oil

Friday, April 27, 2012

Nymex crude futures slumped on the weekend due to fears of economic growth in the euro zone again sticking post-downgrade Spain's credit rating by two ranks.

In addition there is the political uncertainty that has been a negative catalyst and the oil market is also a factor that oil demand in the seasonally low levels at the same time OPEC oil production reached its highest level in recent years.

S & P downgrade action on Spain's credit rating to BBB + derived from the previous A-also helped to shift the focus on economic growth. Spain's economy expected to contract by -1.5% in 2012 and -0.5% in 2013, down dramatically compared to previous estimates of the S & P +0.3% GDP growth in 2012 and +1% in 2013.

Observed so far oil futures contract for June traded down -0.16% to as low as $ 104.41 per barrel, after reaching an intraday highs at $ 104.47 and its daily lows at $ 103.74 per barrel.

News and Economic Review Zone Asia (Japan)

BOJ Continue buying bond program

Friday, April 27, 2012

The Bank of Japan resumed the bond purchase program for? 10 trillion ($ 124 billion) after the world's third largest economy is showing weakness and after the policy makers are pressured to do more aggressive inroads.

BOJ will raise funds to buy assets worth? 40 trillion in June 2013 compared to the previous target? 30 trillion at the end of this year, as stated in its announcement today in Tokyo.

BOJ Governor Masaaki Shirakawa was forced to issue a more aggressive policy to overcome deflation in more than a decade. Today the BOJ also said that the inflation target is dilevel 1% will soon be achieved, an estimate of the discouraging effect of the stimulus today, according to Credit Suisse Group AG economist.

Policy makers also keep interest rates between zero and 0.1% today. Fund asset purchases have become a major tool for overcoming the crisis since lowered interest rates to near zero at the beginning of the financial crisis of 2008.

The central bank also plans to increase the maximum maturity of the bond purchase program of three years from two years. Return for 10-year benchmark bond fell 1.5 basis points kelevel 0.895% after the announcement.

News and Review of European Economic Zone

The Netherlands deal supports the Euro

Friday, April 27, 2012

The euro rose in London after a session in the Dutch political parties reached an agreement to reduce the budget deficit in 2013 to match the EU target of 3% of GDP. It certainly can reduce the risk of loss of AAA rating even though the Dutch still have to face the uncertainty ahead of elections in September. EUR / USD is now trading 1.3226, 1.3157 daily stay away from low level

Dutch previously had made ​​investors panic after parties supporting the coalition government had not reached an agreement to reduce the budget deficit. Prime Minister Rutte even have to ask, therefore forcing the resignation of Ratu Betrix announce early elections.

"Savings policy is certainly not pleasant but we have to do it for the Dutch and the future generation," said Christian Democrat party officials, Sybrand van Haersma Buma. The draft budget for the year 2013 has now received support from a majority of members of parliament after the opposition party would point out GreenLeft support the plan. The two major parties, the Christian Democrats and Liberals, supported the bill and so did the two smaller opposition parties.

News and Review of European Economic Zone (UK)

GBP / USD advanced 0.41% related slowdown in U.S. GDP growth

Friday, 27 April 2012 20:20

Sterling rose 0.38% against the greenback due to slower GDP growth and the purchase price in the United States. (YoY) growth in GDP came far short of expectations by 2.2% (not 2.5%), while gross domestic purchases price index increased by 1.5% (forecast was 2.5%). Real personal consumption expenditures came in line with expectations, growing 2.1%. Later today's Reuters / Michigan consumer sentiment index is expected to announce the numbers, with estimates pointing to a decline 76.2 to 75.9.

In the UK, CBI Distributive Trades Survey performs worse than expected yesterday, down 6% (-4% vs. estimate) and the economy officially in recession.

This pair is currently trading at 1.6251, the time of writing.

News and Review of European Economic Zone

EUR / USD extends rally to 1.3270, the U.S. GDP

Friday, 27 April 2012

When the Americans opened the session and the U.S. GDP data released, the EUR / USD rallied further after consolidation at 1.3225/30.

Annual GDP in the first quarter of 2012 showed growth of 2.2%, below consensus of 2.5% and 3% from last year. The purchase price index also rose less than expected (1.5% vs 2.3%) in Q1. Quarterly change in real personal consumption expenditures in the U.S., an increase of 2.1% in Q1, as expected by analysts.

The most recent risk rally peaked at 1.3270, extending the 3-week highs, and is now quoting around 1.3255.