mynameisandhy

The dollar weakened, gold managed to rebound

Gold rose the third day after the Federal Reserve chairman Ben S Bernanke said that he is prepared to act decisively when necessary. Prices a weaker dollar makes gold demand will soar.

Spot gold rose 0.3 percent to 1647.82 dollars per ounce range. previously, the gold was in the range of 1646.73 dollars per ounce. Gold managed to rebound after declining 1 percent yesterday. The dollar fell for three days against six other currencies including the euro.

Bernanke says Fed ready to add stimulus funds if needed, even if they do not change the policy of anything yesterday. Previously, the Fed has made ​​a purchase of assets in the two phases of 2.3 trillion dollars since 2008 to June 2011.

Gold futures contract for June delivery rose 0.3 percent to 1647.10 dollars per ounce on the Comex division of New York. Gold reserves fell by three days to a range of 2,389,755 metric tons, the lowest range since March 23 last.

The dollar fell against other currencies after the U.S. said in a statement that their economic growth weakened in the first Quartal this year. The MSCI index rose for two consecutive days.

Platinum, a metal with the best performance this year, slightly declined to around 1556.50 dollars per ounce, rebounding from its lowest range during the last three weeks yesterday. Silver spot slightly offset in the range of 30.73 dollars per ounce. palladium, a metal with the worst performance this year rose for the first time in four days rose 0.3 percent to 664.25 dollars per ounce range.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong Stock Exchange surged helped China Unicom

Thursday, April 26, 2012

Hong Kong stocks rose today helped by surging China Unicom after the company reported that revenue rose perkuartalnya.

Chinese exchanges seemed a little weaker. CSI 300 Index flat and the Shanghai Composite Index fell 0.2 percent in Shanghai.

Hang Seng Index rose 0.5 percent while the China Enterprises Index in Hong Kong rose 0.6 percent.

Today, China Unicom, the second largest mobile phone company in China, rose 2.9 percent in Hong Kong and 0.5 percent in Shanghai after announcing its first-quarter earnings rose yesterday. China Unicom is also experiencing a surge in demand from its customers.

China Unicom became the best-performing stocks in the Hang Seng Index in the past year with a jump of 47 percent. but this year, China Unicom fell nearly 18 percent. China Mobile rose nearly 12 percent.

BYD Co Ltd, a Chinese car company backed by U.S. billionaire Warren Buffett, fell 5.2 percent in Hong Kong and 3.4 percent in Shenzen. The company's revenue fell 90 percent in the first quarter due to sluggish demand for cars in America.

ZTE Corp, a manufacturer of tools telekomonikasi fifth largest in the world, is also weak as revenue in the first quarter were lower than expected. ZTE fell 1.7 percent in hogn Kong and 2.6 percent in Shenzen. China Everbright International Ltd. rose 6.7 percent.

News and Review of European Economic Zone

European Review of Economic Growth Strategy

Thursday, April 26, 2012

Europe may add an attachment in the budget agreement that will govern how countries can promote economic growth, according to German officials who were interviewed by Bloomberg. Policies to improve competitiveness and structural reforms to create economic growth will be discussed and scheduled for completion before the G-20 meeting June 18-19 in Mexico.

Europe seems to be changing tactics of budget austerity policies to be pro-growth policies. President of the ECB, Mario Draghi, has called for the need for "growth pact" and is well received by German Chancellor Angela Merkel. Francois Hollande, the strongest French presidential candidate, also supports the proposal Draghi as evidence of the need for change into an agreement to promote economic growth.

Meanwhile, the euro rose on the London session. EUR / USD is now trading 1.3240, not far from the level 1.3262 daily high

News and Review of European Economic Zone

Consider Help For European Banking

Thursday, April 26, 2012

European Central Bank (ECB) and the euro-zone are putting together proposals that allow troubled banks to be able to access the European bailout fund, according to the Sueddeutsche Zeitung daily. "A group of euro-zone member states will meet to examine ways to help can be channeled to the banks that just having liquidity problems," wrote the newspaper without the express leading information resource.

"There is reason to take a new initiative by widespread concerns over the issue of Spain and the effects that will result," the leading newspaper in Germany. Under the agreement only states, not the banks, who can ask the financial aid from the ESM (European Stability Mechanism).

Meanwhile, the euro rose on the London session. EUR / USD is now trading 1.3246, not far from the level 1.3262 daily high

News and Review of European Economic Zone

Declining confidence in the European Economic

Thursday, April 26, 2012

Gloomy outlook for economic growth has managed to undermine confidence in the European economy, according to a survey released by the European Commission. Index of economic sentiment in the 17 countries using the euro fell to 92.8 for the month of April, its lowest level in a year.

Decline in confidence in the economy show nearly the case in all sectors. Although Europe has agreed the next bailout for Greece, but Spain was facing fiscal problems continue to worsen. Other euro-zone members are also struggling against economic contraction and high unemployment. The many problems facing Europe simply undermine the trust and is certainly signaled Europe must fight harder to avoid the threat of economic recession was looming.

Meanwhile, the euro is still trying to keep the reinforcement in the London session. EUR / USD is now trading 1.3240, not far from the level 1.3262 daily high

Silver Moving Sideway

Silver moves sideway but generally remained under pressure. 1 hour CCI has been providing visible indication of overbought, but there has been no confirmation of the stochastic signal. Likewise, the current bearish potential for still greater than bullish, with the goal to support at 30.47. Beware of the outbreak of resistance in the 31.02 because it will likely trigger bullish momentum towards 31.56.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong stock exchange gave up and closed down

Wednesday, April 25, 2012

Hong Kong stock exchange gave up after a rise in the previous session. Today Hong Kong shares closed down as the fall of the Chinese Internet company Tencent Holdings. A media said that the Beijing government will offset the cost of housing.

Hang Seng closed down 0.15 percent at 20,646,29 range. China Enterprises Index closed down 0.04 percent to 10812.79 range.

Shanghai Composite Index closed up 0.75 percent to 2406.81 range.

Internet companies declined terparahnya Tencet Holdings since last more than five bullae after Baidu Inc. plunged more than 10 percent yesterday. Baidu, a Chinese internet company, predicting its earnings would fall below Wall Street expectations. Tencent was closed in the range of all-time highs yesterday, but fell 4.7 percent today.

Foxcom International Holdings Ltd, a supplier of components for Apple Inc rose 2.7 percent after Apple Inc. 's earnings more than doubled from the previous line rampant iPhone sales, especially in China.

China's property sector seemed excited after a report showed that the Minister of Housing and stimulation of development will be done in the property sector to prevent the collapse of the sector proficiency level.

News and Review of European Economic Zone (UK)

UK Recession, Pressure Sterling Strengthens Against Sharp

Wednesday, April 25, 2012

After moving up in trading yesterday, the British Pound today (25/04, 09:37) turned lower against other major currencies. Opened at 1.6143 in early trading (00:00 GMT) has dropped about -45 pips or about - 0.28% and the scrolling seems to be in the range of 1.6098.

Negative sentiment against the British pound sterling currency look stronger, after the Office for National Statistics said that the development of the production value of all products and goods services on the UK economy, or Gross Domestic Product, shrinks.

The development is indicated by a rise in economic indicators Prelim GDP q / q is down -0.2% from -0.3% the previous period. A decrease indicates a worse performance than the estimated number of economists, which would be expected to grow 0.1%. British Pound exchange rate moves observed negative response to these developments.

News and Review of European Economic Zone (UK)

Pound down from a 5-month high against dollar

Wednesday, April 25, 2012

Pound weakened against the dollar back in session Wednesday, down from its highest level in five months after official data showed that the UK economy has fallen back into a recession.

UK Office for National Statistics reported UK gross domestic product contracted by 0.2 percent in the three months to March after contracting by 0.3 percent in the fourth quarter of last year, undermining expectations for growth of 0.1 percent.

After the release of the data, the UK Chancellor George Osborne said the economic situation is very difficult, but warned that leaving the government's deficit reduction plan would make the situation worse.

Pound terpantrau touch the lowest level since early last week against the U.S. dollar at 1.6082 level during the European morning trading, which are then consolidated at the level of 1.6084, an increase of 0:38 per cent. The pound also fell against the euro and yen, down 0.45 percent against the euro to 0.8213 hit and fell to 0.48 percent against the yen hit 130.62.

News and Review of European Economic Zone

European stocks jump with a bank in the lead

Wednesday, April 25, 2012

Most of the European stock markets continue to rise for a second day on the Wednesday session, the Spanish banking point rise after solid results BBVA SA, while strong earnings from Apple Inc pushing technology stocks.

Europe Stoxx 600 Index rose 0.5 percent to 255.69 level.

Banking became the prime mover for the positive mood in European markets. In Spain, BBVA shares rose 2.9 percent after the bank reported a slight decline in first-quarter profit, but still beat expectations. IBEX index traded up 1.6 per cent, at 7110.50.

French banks also recorded an increase, and helped lift the CAC 40 rose 0.4 percent to a level of 3182.78. Shares of Soci? T? G? N? Rale SA rose 2.8 percent, BNP Paribas SA rose 2 percent and Credit Agricole SA rose 1.8 percent.

Chip manufacturer ARM Holdings PLC also reap the success of Apple, up 2.9 percent in London. The FTSE 100 rose 0.3 per cent, at 5725.01. Banking sector, shares of Royal Bank of Scotland Group PLC rose 2.1 percent and Lloyds Banking Group PLC rose 1.8 percent.

In Germany, shares of Commerzbank AG rose 1.6 percent, and Deutsche Bank AG rose 1.7 percent, supporting the DAX 31 recorded an increase of 0.8 percent to a level of 6642.88.

Oil traded lower ahead of data release

Tuesday, April 24, 2012

Crude oil prices are dilevel lowest in the last two days in New York ahead of the release of data expected to show a rise in U.S. crude inventories kelevel its highest in 11 months.

Crude oil for June delivery was dilevel $ 102.87 a barrel on the NYME, the price dropped 24 cents. Yesterday, the contract fell 77 cents kelevel $ 103.11 and so far this year oil prices have risen 4.1%.

Brent oil contract for June delivery fell 11 cents in London kelevel $ 118.60 per barrel while the European benchmark contract dilevel versus New York was $ 15.73.

News and Economic Review Zone Asia (Japan)

Nikkei Ends Minus, Vulnerable Advanced Correction

Tuesday, April 24, 2012

Japan's Nikkei index closed last fall as much as 0.78% in trading on Tuesday (24/4) and add the ground up since the index value broken down significant levels of 10.000 at the beginning of the month.

The main index Nikkei (. N225) closed down by 74.13 points to 9,468.04 level. While the Nikkei index futures (SSIamM2) ends also slumped 0.32% or -30 at the 9480 level. Mainly due to drop in the Nikkei dragged down by Wall Street are corrected due to warming of the European political situation.

In addition, a decrease is also due to Wal-Mart shares fell sharply in relation to the issue of bribery in the body's release of the company. Wal-Mart shares collapsed as much as 4.7% to U.S. $ 59.54 lead to the weakening of the Dow after a report from the New York Times mentioned the issue of bribery of the firm's expansion into Mexico.

Factors also contribute to the strengthening yen on Nikkei decline because of the conditions that will further undermine the performance of exporters so that investors are now concerned with the competitiveness of Japanese companies in international markets. For subsequent sessions, because the weekly Stochastic indicator is still showing bearish pattern, then this condition also affects the daily movement (intraday).

While the two Moving Average (MA-13 ​​and MA-26) began to turn the direction of suggesting that the Nikkei is also prone to correction. So in anticipation of a decline, there are some prisoners-daily support that is available in between 9420 and 9370 to 9340 or even 9295 (Fibonacci 38.2%). However, the rally is limited to at least be able to bring the index to the resistance until 9570 9500 then 9530.

News and Review of European Economic Zone (France)

Steep road towards Sarkozy France 1

Tuesday, April 24, 2012

Two French presidential candidates are in the fast track to win the highest seat of government. But what is really expected by business and finance from the figure of the new leader?

Factors are behind the social welfare of citizens of France consideration before selecting the best representative. Figure who is able to offer a new formula of economic improvement is more chance of winning the votes of the medium. However, unlike the case with what is desired by the businesses. French entrepreneur requires the availability of structural reforms, particularly the cover repair business climate and labor regulations are more lax. With the largest unemployment rate in 12 years (10%), France really need a leader who is able to offer a new economic order. Moreover, the level of public spending is still too high in the middle of the economic growth of only 1.7%.

Different strata and groups of different socio-economic needs as well. It applies to the French voters who came from various backgrounds with different levels of social welfare. Of these kinds of voters, many hopes hung on the shoulders of the new leaders, ranging from the social security and health reforms to come out from the pressure of the recession, state budget cuts, tax hikes for the rich to the expansion of employment. All of these expectations would not be accommodated by the two strongest candidates, both Francois Hollande and Nicolas Sarkozy.

If Sarkozy wins the election, then externally European recovery program is still running on track. But in the country, economic growth and domestic employment will be so-so only. French economic growth report card under Sarkozy has become a rival campaign materials Socialist Party, Francois Hollande. The opposition accused the current president is responsible for what happened to the French economy.

Regardless of what has occurred, should be listened to who the candidates are more successful in attracting voters next May 6. So far there has been no notable program that could give the marketability of the campaign Francois Hollande. But residents of the economic downturn anxiety could be an advanced injection precious to him. On the other hand, Sarkozy promises must prepare a new, more real and make sense of the electorate than the boasted claim to be able to help other fellow EU members.

News and Review of European Economic Zone

European markets rose yesterday from a decrease

Tuesday, April 24, 2012

European stock markets rose on Tuesday session, led by the banking sector yabng sharp decline in the previous session due to political concerns in the European region.

Europe Stoxx 600 Index rose 0.4 percent to a level of 252.72, with shares of Banco Santander SA rose 1 percent and Deutsche Bank AG rose 1.2 percent.

Michelin SA shares jumped nearly 6 percent after the tire manufacturer released the results of the session yesterday. KBC Group NV rose 4 percent, Acciona SA rose 3 percent and Stagecoach Group PLC rose 3 percent.

German DAX 30 index rose 0.4 percent to a level of 6552.76, the French CAC 40 index rose 0.3 percent to a level of 3107.64 and the FTSE 100 index was flat at 5,670.81 level.

News and Review of European Economic Zone

Fragile! Although Rally, Dollar Vulnerable corrected

Tuesday, April 24, 2012

Until the afternoon session on Tuesday (24/4) Euro single currency rose monitored recovered after it was blown from the highest point in 2-weeks against the dollar.

However, the strengthening of EUR is still fragile and vulnerable to correction because the market in hostage by a factor of more widespread pessimism due to fears of eurozone debt crisis after another emerge, especially the political uncertainty prevailing in the Netherlands and France. And rally EUR appears to be limited as investor sentiment remained negative after news emerged Dutch government failed to agree on budget cuts, fueling anxiety that the windmill is now also on the brink of recession.

While panic has also hit the country after the French Socialist Party Francois Hollande candidate, who has promised to renegotiate the deal the European budget, won the first round of French presidential election, defeating Sarkozy who is currently in power.

Technically two indicators such as Moving Average EUR and daily MACD shows a trend that tends berarish konsolodasi, thus making labor conditions remained weak USD to rally even chance corrected. And in case of correction, prison support at the level of $ 1.3140 to $ 1.3100 in order to proceed to its lowest level in the detention area $ 1.3070. While a limited reinforcement will bring the U.S. are resistant to at least $ 1.3200 and $ 1.3240. The area is sometimes used by investors as an area to take a short position in a deal with profit-taking.

China ragged Oil's Performance Oil

Monday, April 23, 2012

Oil slipped back in the London session as concerns over the euro-zone debt crisis and China's reduced demand for oil. Investors worried about the political developments in the euro zone could affect the government's commitment to lower the budget deficit. Hollande managed to beat Sarkozy in the first round of elections and Hollande will win the election predicted a second round which will take place next May 6. The Netherlands also will hold a general election after Prime Minister Rutte failed to get support to continue the policy of budgetary austerity.

Decline in Chinese oil consumption also helped undermine the performance of oil. China's oil demand fell to its lowest level in five months, only 9.51 million barrels / day for the month of March. China's PMI of manufacturing contraction also reiterate the biggest worries about economic slowdown in the world 2. China released its manufacturing index 49.1 in April, although better than previous publications, but still below the 50 level that signaled the continued contraction of the manufacturing sector.

The results of the meeting of finance ministers of G-20 also gave a negative sentiment. G-20 agreed to continue to monitor the movement of oil prices and ready to implement "additional measures" are needed, and welcomed the commitment of manufacturers to ensure an adequate supply.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong experienced the steepest decline

Monday, April 23, 2012

Hong Kong Stock Exchange suffered its worst daily decline since the last six weeks today. China Mobile fell 3 percent after the number of subscribers in March and then decreased.

Hang Seng closed down 1.8 percent in kisarsan 20624.4. China Enterprises Index in Hong Kong closed down 2.2 percent. Shanghai Composite Index closed down 0.8 percent to 2388.6 range.

The sharpest decline in today's experienced by China Mobile (CM), which fell from its highest range for the past month. after the market closed on Friday, China Mobile announced a number of customers who seem less drastic.

Experienced decline in the Hang Seng today is the worst decline since March 6. Hang Seng closed below the resistance level. Hang Seng had rebounded from its lowest range in October 2011 last. highs in 2012, Hang Seng was in the range 20 751.

Market reaction to the results of a survey of Chinese manufacturing activity for the month of April did not seem to stand out. The data show that Chinese factories have the best performat though manufacturing activity is shrinking in the last six months.

The decline in the Hang Seng today is the fourth worst decline this year. Hong Kong shares are expected to continue weak throughout this week as investors are still waiting for economic data and earnings from some major companies in China.

News and Review of European Economic Zone (UK)

The risk of overload Sterling European Politics

Monday, April 23, 2012

Sterling weakened in the London session, follow the fall of the euro against the dollar, as the outbreak of political risk in Europe. Anxiously anticipating market changes in political leadership after Sarkozy only occupied the second rank in the first issue of the presidential election. Because no candidate got votes above 50% then France will re-do the election on May 6 and where Sarkozy should strive against Francois Hollande is favored to win the election.

News and Review of European Economic Zone

European bourse opened sharply declining

Monday, April 23, 2012

European stock markets started trading this week with a sharp drop in session Monday, led by banking and mining shares lower, with investors waiting round of presidential elections in France, the preaching of the early elections in the Netherlands and contraction of Chinese manufacturing data.

Europe Stoxx 600 Index fell 1 percent to as low as 255.17, led by a 1.4 percent decline in shares of Total SA, decreased 1.8 percent share in BASF SE and a reduction of almost 2 percent stake in Rio Tinto PLC.

Spanish stocks are also under pressure because of higher yields obligation. Philips Electronics NV shares jumped almost after the first quarter results.

IBEX 35 index fell 2 percent kelevel 6891.70. The German DAX 30 index fell 1.4 percent to a level of 6.652.44, the French CAC 40 index fell 1.4 percent to a level of 3143.49 and the FTSE 100 index fell 0.8 percent to a level of 5723.28.

News and Review of European Economic Zone

European manufacturing worsen Euro Performance

Monday, April 23, 2012

The euro remained lower after manufacturing data and services emphasize the threat of a recession that is now being eclipsed the European economy. European manufacturing and services indices contracted to a level of 46.0 and 47.9 for the month of March, lower than previous publications 47.7 and 49.2. The euro is now trading 1.3138, 1.3210 daily high level away from

Decline in economic activity is also seen in Germany and France, the two largest economies in the euro-zone. Germany's manufacturing index fell to 46.3; worse than the predictions of 49.0 and 48.4 in February publication. French service sector index contracts to a level of 46.4 for the month of March, lower than the predicted 50.3 and 50.1 the previous publications

Successful Gold Strengthens Thin

Friday, April 20, 2012

Gold futures edged higher on Friday (4/20/2012) morning, the debt rating on concern the French and U.S. jobless claims data.

Gold for June delivery rose U.S. $ 2.60, or 0.1% to U.S. $ 1,641.80 an ounce on the Comex division of the New York Mercantile Exchange.

Gold was traded at U.S. $ 1654.90 per ounce, according to FactSet Research, for bargain hunting, after correction dalama week to their lowest level in the previous session.

These metals also benefited from rumors of a possible downgrade of France shook the European market. This has sparked fears of a catastrophic re-euro zone. A downgrade in the near future, was not likely to bring the French to vote on Sunday, the first round of presidential elections.

Another positive sentiment for gold is U.S. weekly jobless claims higher than diantisipasi.Dukungan comes from data showing demand for unemployment benefits approached a high level of four months, giving investors reason to be concerned about the U.S. economy.

Other metals prices varied, with the May silver rose 27 cents, or 0.9% to U.S. $ 31.76 per ounce. Copper fell less than 1 cent, or 0.2% to U.S. $ 3.62 per pound.

News and Economic Review Zone Asia (Korea)

Kospi closes weakens, Far More than 2000 points

Friday, April 20, 2012

Korean stock market for trading today (20/4) closed lower. Follow the movement of Asian stock markets today, the Korean stock exchange resumed a negative trend and again failed to hit a 2000 basis points due to concerns about the sentiment against the financial crisis that occurred in Spain.

Kospi index ended down by 1.26% to 1974.65 basis points. While index futures declined by 3.8 points to 262.25 basis points, with the support level of 262.51 points and 265.21 points at level resistant.

Stocks that declined include Kia Motors stock was down 0.12% to 79.9 thousand won, the stock fell 0.27% Holdings Norron to 7360 won and Daelim Industry shares fell 3.88% to 111,500 won.

News and Review of European Economic Zone (UK)

Above 1.6100 Sterling Easter Translucent Retail Sales Data

Friday, April 20, 2012

Sterling perched on 20-month highs against the euro and touched the 5-month highs vs dollar on Friday, is supported by data released retail sales exceeded expectations, proving the pace of recovery is still up in the UK.

Pounds have been in an uptrend since the Bank of England Minutes released Wednesday indicate the reduced chance of quantitative easing anxiety due to high inflation.

Besides improving the condition of the UK economy as a whole lead to a £ favored than the euro is still overshadowed by the problems following the debt crisis of the Spanish and Italian.

Observed so far GBPUSD currency pair rose 0.30% to a level of 1.6098, after reaching the highest point in the 1.6116 intraday, and its daily lows at 1.6040.

News and Review of European Economic Zone (UK)

Sterling Strengthens UK Retail Sales

Friday, April 20, 2012

Sterling continued strengthening after retail sales data give hope the UK will avoid recession. Retail sales increased 1.8% for the month of March, higher than the predicted 0.4% and prior publications which fell 0.8%. GBP / USD has traded 1.6111; stay away from daily lows 1.6038

Warm weather has succeeded in boosting demand for clothing and gardening equipment. Surge in purchases of energy products also occur in anticipation of strikes by labor unions tankers. Good retail sales would give England hope to avoid a recession this year. GDP data in the last quarter of 2011 show the UK economy contracted 0.3%.

Meanwhile, Barclays Capital remains optimistic about the sterling performance as he uttered GBP / USD will test 1.6170, its highest level in October 2011. "If the GBP / USD may please register level weekly close above the moving average of 200, 1.5958, then this would open up opportunities to increase target of 1.65 in the medium term," wrote Barclays Capital research report obtained by Dow Jones.

News and review European Economic Zone (Germany)

German business sentiment strong Euro

Friday, April 20, 2012

Continued strengthening of the euro after German business sentiment data provide hope for the sustainability of economic growth in the euro-zone's largest. Business sentiment index rose to a level of 109.9 for the month of April; higher than the predictions of 109.6 and 109.8 the previous publications. EUR / USD is now trading 1.3171, 1.3128 daily stay away from low level

Germans seem to be able to avoid recession this year after the economy contracted in the last quarter of 2011. Visible increase in exports to developing countries in Asia, while low unemployment has boosted consumption. "Today's data is pretty good," said Jens Kramer, an economist at NordLB. "Germany's economic fundamentals are still solid. Recovery will occur in various sectors."

However, Barclays remained pessimistic about the performance of the single European currency amid worries over the return of the debt crisis. Barclays Capital was waiting to place a sell position EUR / USD at 1.3200 range. Barclays assumes the euro in the area of ​​1.3220 resistance will persist and the euro could re-test the low level of 1.2970