mynameisandhy

Gold Weakens Again, Still Restricted Territory

Thursday, April 19, 2012

Gold price movements for this afternoon (19/4) is still limited moves. This is caused by the absence of positive sentiment that is strong enough to push the price of gold. Limited movement started since 13 April where the gold is only engaged in the range between the level from 1634 to 1657 dollars per troy ounce. Investors apparently are still awaiting the development of EU efforts to help the Spanish economy.

Current spot gold fell by 0.1% to thin 1639.46 dollars per troy ounce with the support level of 1636 dollars per troy ounce and resistant level of 1654 dollars per troy ounce.

Mixed conditions still occur in non gold metal commodities where the price of silver showed a decrease of 0.03% to 31.47 dollars per troy ounce, platinum rose 6.39% to 1676 dollars per troy ounce and palladium fell 1.8% to 644, 7 dollars per troy ounce.

News and Economic Review Zone Asia (Japan)

Nikkei Weakens, Spanish Press Budget Deficit

Thursday, April 19, 2012

After yesterday had experienced a significant increase, the Japanese stock market today (19/4) closed lower by investor concerns over the possibility of the emergence of financial crises in Spain. It comes after Prime Minister Mariano Rajoy said that the Spanish government will work hard to address the budget deficit.

Nikkei index fell by 0.7% to 9597.71 basis points. While index futures has increased by 26 points to 9645 basis points, with the support level of 9573 points and resistant level of 9655 points. The broader Topix index declined by 0.5% to 815.4 basis points.

Stocks that declined include Nikon's stock is down 2% to 2342 yen, Canon shares fell 0.9% to 3785 yen and Inpex shares fell 1.1% to 520 000 yen

News and Review of European Economic Zone

European stocks back Green Leaf

Thursday, April 19, 2012

European stock markets and currencies at the same Euro rebounded on Thursday after investors get the Spanish bond auctions are still in line with demand expectations. This eases the pressure on Spanish bond yields 10-year tenure has dropped to an area of ​​5.70% after the auction results are released. While the Spanish IBEX stock still traded flat.

In addition to Spanish bond auction, sentiment also improved after the IMF and the G20 gave the signal to increase funding for the facility firewall (bailouts) for the EU to be $ 400 billion euro, although slightly lower than the expectations of the community of international investors in the $ 500 billion Euro, but the addition of this is significant enough to prevent the occurrence of Spain's debt default.

But it is different if followed by Italy default anxiety, then the fund is likely to be inadequate. As a result, the debt crisis and tension Italian banking sector still has the potential to be tested again, but at least for the time being there is still hope a technical rebound in European stock markets as a positive outcome auction of Spain and the IMF agreement.

Monitored by far London's FTSE index, rose 0.32% to as low as 5,719.50, while Germany's DAX index jumped 0.22% at 6,750.00 level and the French CAC climbed 0.34% terkerek traded at 3,247.0 so far.

News and Review of European Economic Zone

European markets rebound ahead of the Spanish auction

Thursday, April 19, 2012

European stock markets rebounded on Thursday session of the decline in the last couple of days because the market is waiting for Spain's debt auction.

Europe Stoxx 600 Index rose 0.7 percent to 259.54 level, supported by banking stocks such as Banco Santander SA, which rose 1.3 percent, and shares of major oil company BP PLC, which recorded an increase of 1 percent.

Hit hard in the last session, the Spanish IBEX 35 index rose 0.7 percent to 7130.80 level ahead of debt auction two and 10 years. French CAC 40 index rose nearly 1 percent to a level of 3271.57 and Germany's DAX 30 rose 0.8 percent to a level of 6785.19. The FTSE 100 rose 0.7 percent to a level of 5785.83. Akzo Nobel NV shares rose 3.4 percent after a report pedapatannya results.

News and Review of European Economic Zone (Netherlands)

Flat rate of unemployment in the Netherlands two months in a row

Thursday, April 19, 2012

Netherlands Central Bureau of Statistics released data on Thursday is related to the unemployment rate for two consecutive months fixed and unchanging.

The unemployment rate in January reached 5.9 percent level, and remained until this month. As for the month of March 2011, the unemployment rate reached 5.1 percent.

The number of unemployed rose to 465 000 in March, while for the previous month reaching 463 000

While for the number of people who have claims for unemployment benefits declined 1.1 percent to a monthly basis, so it becomes 295 600.

Gold futures steady, purchases of physical gold quiet

Wednesday, April 18, 2012

Gold futures are stable as investors continue to monitor the economic development of Spain after a successful bond auction that took place yesterday. If not successful in the auction, maybe Spain would be to many countries of the euro zone should require an international bailout.

On the Comex division of the New York Mercantile Exchange, gold futures contract for June delivery was in the range of 1651.95 dollars per ounce. the range was up 0.05 percent from the previous range.

Gold futures contract for June delivery was in the range of 1650.15 dollars per ounce. level support of gold futures in the range of 1613.55 per troy ounce, the lowest range of achievement on 4 April. resistance level of gold in the range of 1685.25 dollars per ounce, the range ever achieved on 2 April.

Physical gold buying activity in Asia was quiet ahead of Akshaya Tritiya festival in India, the event which is usually the purchase of gold will soar soon be implemented next week. Wedding season has begun in some parts of India.

Still on the Comex division of Silver futures for May delivery rose 0.1 percent to 31.70 dollars per ounce kisarsan. Copper futures for May delivery naik0, 25 percent to around 3.656 dollars per pound.

News and Economic Review Zone Asia (Hong Kong)

International market excited again, to strengthen Hong Kong

Wednesday, April 18, 2012

Hong Kong managed to rebound after declining the last two days. international market as China's economy seems eager to show signs of recovery.

Hang Seng rose 1.2 percent to 20808.86 managed to offset a decline in the range of that experienced over the last two sessions. Shanghai Composite up 1.3 percent.

PetroChina rose 2.7 percent, the highest increase as well as a contributor to China stocks in Hong Kong. The highest increase was also experienced by financial firms. China Construction Bank and ICBC rose massing each 1 percent.

HSBC Holdings stock up 1.7 percent over the fading concerns about the euro zone. Bond auctions are feared to be quiet it showed encouraging results yesterday. Madrid to sell 3.2 billion euros of bonds with maturity of 12 and 18 years. The range is higher than its sales target of only 3 billion euros. Most of the demand coming from domestic banks.

The majority of Chinese banks might report its first quarter earnings next week. While China's property sector ended the previous decline. Property sub-index in China rose 1.6 percent. The increases were achieved despite data showing house prices falling since the government regulations regarding restrictions on house building two years ago.

China listed on the Shenzhen Vanke rose 2.6 percent. Polly Real Estate rose 3.4 percent.

News and Review of European Economic Zone

The addition of European Bailout Fund Less Effective

Wednesday, April 18, 2012

The addition of bailout funds, in order to protect market-euro zone government bonds, less effective, according to the Prime Minister of Finland. "The addition of bailout funds will only cause problems because the market will doubt the credibility of European governments desire to make a greater commitment to improving public finances," said Prime Minister Jyrki Katainen told the daily Corriere della Sera.

Some euro-zone officials, including Prime Minister of Italy Mario Monti, who met yesterday with Katainen, has called for the addition of a larger bailout fund. Katainen said his meeting with Monti is very positive. "Italian savings plan is the right approach. Finland has also been implementing greater fiscal adjustment, "said Katainen.

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3111, 1.3141 daily high level away from

News and Review of European Economic Zone

Struggling to find direction, European market flat

Wednesday, April 18, 2012

European stock markets are still struggling to find direction in early trading session Wednesday, with gains in the mining sector, although Spanish banks have to remove some of the increase obtained in the session yesterday and the stock of Siemens AG and ASML Holding NV is under pressure.

The Stoxx Europe 600 flat at 259.62 level, after rising 2 percent in the previous session, led by financial sector stocks in the world economy and a positive signal.

Spanish banking system, especially under pressure. Shares of Banco Santander SA fell more than 1 percent, after rising more than 3 percent on the day seelumnya.

Technique shares fell 1.1 per cent of Siemens AG. such as the media followed, that the company will cut its full year profit-related difficulties in its business offshore.

Shares of the company ASML Holding NV chips fell 2.8 percent after it reported first quarter net profit, although expect stable sales in the next two quarters.

Fresnillo PLC jumped 3.6 percent after it reported first-quarter gold production, tear down expectations.

IBEX 35 index slipped 0.5 percent to a level of 7334.50. German DAX 30 index flat at 6794.88 level. France's CAC-40 fell 0.3 percent to a level of 3281.93. Britain's FTSE 100 rose 0.2 percent to a level of 5777.35, with mining stocks led gains.

News and Review of European Economic Zone (UK)

BoE Minutes Strengthen Sterling

Wednesday, April 18, 2012

Sterling rose after the BoE minutes show fewer central bankers who want additional monetary stimulus. BoE meeting minutes of April show only David Miles who want additional bond purchase program as much? 25 billion. It's quite a contrast to the March meeting minutes that show that Adam Posen and David Miles wanted to increase as much stimulus? 25 billion. GBP / USD is now trading 1.5976, 1.5895 away from daily lows.

Although the central bank saw the possibility of a natural British recession this year, but the board of governors seemed more concerned with inflation. Data show yesterday inflation grew 3.5% in March; higher than the publication in February and 3.4% is still well above the BoE's target of 2%. "The increase in prices of oil and gas, as well as the new tax changes enacted by the government will increase inflationary pressures may be higher than inflation reports have been released before," the BoE minutes

Oil supported U.S. retail sales data

Tuesday, April 17, 2012

Crude oil traded near its highest closing level in two days in New York after U.S. retail sales showed an unexpected gain, indicating the U.S. economy continues to recover.

Crude oil declined slightly after rising for the third time in four days. Retail sales rose 0.8% in March, as indicated Commerce Department data.

Crude oil for May delivery was dilevel $ 102.90 per barrel, down three cents at NYME. Contract anik 10 cents yesterday to $ 1,002.93, its highest close since April 12. Throughout this year, oil prices have risen 4.1%.

Brent crude contract for June delivery was down 45 or 0.4% to $ 118.23 per barrel. European benchmark contract versus New York at $ 14.94.

News and Economic Review Asia Zone

Images of the Global Economy Regional undermine Stock

Tuesday, April 17, 2012

Today (17/04) most of the regional market is moving down due to concerns regarding the re-emergence of European debt is weighing on market sentiment. Nikkei flat, S & P / ASX -0.3%, -0.7% HSI, Kospi -0.4%, -1.9% Taiex, Sensex +0.8%, Shanghai Composite -0.5%, -0.5% STI, and the NZX-50 +0.2%.

While the forex market was reported that the U.S. still continues weakening against the USD due to concerns over the cost of debt weighing on sentiment in Spain that the single currency. EUR / USD at 1.3109 from 1.3142 on Monday night in New York, EUR / JPY at 105.35 from 105.63, and USD / JPY at 80.39 from 80.40. RBI cut its lending rate by 50 bps to 8.0%. Trimming the market consensus of 25 bp. Opportunities for RBA rate cut next month if global economic growth slows, according to minutes of the meeting of policy makers on 3 April.

The value of oil exports out of Singapore for the month of March fell 4.3% per year, below the rise in February by 30.4% per year and below market expectations of an increase of 8.2%. China FDI falls 6.1% per year to $ 11.76 billion in March, the figure is above the data in February at $ 7.7 billion. The price of gold at $ 1647.70, down from a closing NY. May Nymex crude oil fell 7 cents to $ 102.86/barrel.

News and Review of European Economic Zone

The euro tumbled again

Tuesday, April 17, 2012

Euro fails to maintain its stability against the dollar and yen. The euro fell ahead of the Spanish bond auction. Market focus was on the Spanish loan interest up to its highest point this year.

The euro fell against other currencies before a report is predicted to show the weakness of investor confidence in Germany, the largest economy in Europe.

Aussie mengalmai third daily decline against the dollar after the Bank of Australia said that inflation is slowing may be the reason for cutting rates melakukang separately. While the yuan has increased with the development of China eskspor sector.

The euro fell 0.2 percent to around 1.3110 dollars per ounce. yesterday, the euro had touched the range of 1.2995 doalr per ounce, its lowest level since February 16. The euro fell 0.2 percent against the yen to 105.42 yen range. The U.S. dollar was at 80.41 yen range after being dropped to around 80.30 yen yesterday, its lowest level since February 29.

Today, Spain will auction rate bonds with maturities of 12 months and 18 months today. Meanwhile on 19 April, Spain will auction bonds with maturities in 2014 and 2022.

Yesterday, bonds with a maturity of 10 years touched 6.16 percent range, the range of its highest since December 1. If it reaches 7 percent range, then Spain will meet the fate of Greece, Ireland and Portugal in need of international assistance.

The Spanish government itself predicts their economies will shrink 1.7 percent this year and will conduct its largest funding cut in 30 years. berncana governments to shrink their deficits to 5.3 percent of GDP. Last year the deficit they are in the range of 8.5 percent.

Last month, the euro fell 0.1 percent. Australian dollar fell 2.4 percent, as well as a worst-performing currency compared to 10 other currencies. Aussie fell 0.3 percent today to around 1.0320 dollars per ounce.

News and Review of European Economic Zone (UK)

GBPUSD: Potential Bearish, 1.5873 Test Soon

Tuesday, April 17, 2012

Cable managed to rebound and reach our target in the previous analysis. Currently the 1-hour chart looks bearish bias tends Cable and test 1.5873 support level support where the outbreak is likely to trigger further bearish movement with target dikisaran previous low 1.5852 to 1.5817 dikisaran. Meanwhile, beware of rebound towards 1.5908 resistance area, or even towards the 1.5929 area if the range of 1.5873 support to survive.

News and Review of European Economic Zone

Euro Down with Sarkozy comments

Tuesday, April 17, 2012

EUR / USD dropped after becoming French president Sarkozy's comments, clearly trader. According to Bloomberg News, citing a radio interview with Inter, France. Sarkozy said that "the weakening euro European good" because it can boost exports.

"The euro weakened by the news and nothing else that can suppress the currency," said a senior trader at a Japanese bank. Euro at 1.3096 compared to 1.3142 on Monday night in New York. Traders wait for the Spanish short-term bond auctions as a guide the next trade. On Monday (16/4) bond yields could rise above the psychological level at the level of 6%.

Gold Weak As USD Strong

Monday, April 16, 2012

Gold futures move weaker in Asian trade Monday as investors tried to hunt down assets such as hedge the U.S. dollar.

Gold futures for June fell $ 11.40 per troy ounce to $ 1,648.70 in electronic trading on the COMEX division.

Fall of the contract price of gold against the U.S. dollar upswing. U.S. currency is to continue strengthening that began last week as concerns over European financial re-surfaced along with the level of bond yields with maturities of 10 years and China's economic growth figures are disappointing.

News and Economic Review Zone Asia (China)

Yuan fell to the lowest

Monday, April 16, 2012

Yuan weakened to its lowest point since nearly three months against the dollar. China central bank doubled the number of trades, this signifies a decline in the currency market. Central Bank of China to allow the movement of one percent of the daily trading limit after keeping the trade in the range of 0.5 percent since May 2007.

The dollar index, which is a comparative value of the dollar with six other currencies, rose 0.3 percent. dollar index had surged 0.8 percent on 13 April. yuan volatile index jumped 33 points to the base of the range of 2.625 to around its highest since 30 September last year.

Yuan fell 0.24 percent to 6.3138 per dollar range. Sempatturun yuan the previous 0.35 percent. The Central Bank predicts China's yuan fell 0.13 percent to 6.2960 per dollar range.

While in Hong Kong market, the yuan fell 0.19 percent to 6.3112 per dollar range.

An expert predicted the yuan would be in the range of 6.10 dollars at the end of 2012, up 3.5 percent. over the past few years, every year the price of the yuan to rise 5 percent. This year, the yuan fell 0.42 percent, the worst-performing currency in Asia after the yen.

News and Review of European Economic Zone

European exchanges Still Have Negative Sentiment

Monday, April 16, 2012

Investor concerns over global economic growth predicted will be a negative sentiment on the European stock trading on Monday (4/16/2012).

Weakening it means it will continue last week that affected some negative sentiment. China GDP data over the weekend dragged into the negative zone due to below market forecasts. In the first quarter of 2012, China's growth is only up 8.1% from 8.9% in the fourth quarter of 2011. So quoting marketwatch.com.

Another negative sentiment is today South Korea's central bank lowered its economic growth this year. This is influenced signal weaker global economic growth and the high price of imported oil.

Spain also experienced a crisis still weighed on the markets. Rising bond yields have approached the European Central Bank to increase the purchase of state bonds.

At the same time, today's Asian stock markets lower. Fears of global growth and economic health of Europe is still undermined investor confidence in risky assets.

Asian stock markets fell as the majority of Hang Seng index fell 0.6%, the Nikkei fell 1.7%, Straits Times index rose 0.02%, the Shanghai index down 0.09%, Kospi index fell 0.8%, the index dropped 0 , 4%.

Negative news also came from the Credit Siuisse Group which is planning to do the layoffs of 5,000 workers.

News and Review of European Economic Zone

EURUSD: Potential Rebound, Shoot 1.3055

Monday, April 16, 2012

EURUSD in 1-hour chart rebound likely target area the range of 1.30554 to 1.3085 resistance if the range of 1.3007 support. This was also confirmed by the conditions of technical indicators that are currently oversold. Instead ignore rebound opportunities if the range of 1.3007 support break because it is likely to trigger a bearish movement towards 1.2959 area.

News and Review of European Economic Zone (UK)

GBPUSD: Tend Flat Bias, Test Support at 1.5820

Monday, April 16, 2012

Bias tends to flat GBPUSD bearish after the rally in late trading session yesterday. GBPUSD on a 1-hour chart looks to test the range of 1.5820 support area where the outbreak of the level is likely to trigger further bearish movement towards 1.5786 area. In the meantime, beware of rebound towards 1.5854 area resistance to the range of 1.5892 if support the range of 1.5820 to survive. Projection rebound also reinforced by CCI and stochastic conditions that are in the oversold area.

Oil fell after three days rose

Friday, April 13, 2012

Oil fell for the first time in three days, remove the weekly gain, after the Chinese economy grew at the slowest pace in 11 quarters and Saudi Arabia's oil minister said the kingdom is determined to see lower oil prices.

Oil futures fell by 0.8 per cent today after government data show China's gross domestic product grew 8.1 percent from the previous year in the first quarter, after rising 8.9 percent in the last three months of 2011.

Industrial production rose at a faster speed in March, while retail sales increased growth. Saudi Arabia, the world's largest exporter of crude oil, consider the price too high and work to reduce the increase, Minister Ali al-Naimi said today.

Crude oil sales contracts in May fell by 78 cents to as low as $ 102.86 per barrel in electronic trading on the New York Mercantile Exchange and in the level of $ 103.16 at 10:50 am London time. The contract yesterday rose 0.9 percent to as low as $ 103.64, its highest closing since 3 April. Oil prices fell 0.1 percent for the week.

Brent oil trading contracts May shrank 31 cents, or 0.3 percent to as low as $ 121.40 a barrel on the ICE Futures Exchange europe. Brent prices fell 1.6 percent observed this week, heading for the fourth weekly decline in five weeks.

The European benchmark contract premium to West Texas Intermediate oil traded in New York for $ 18.24, compared with $ 18.07 in the last session. Brent front month futures contract expires today. More active June contract traded down 23 cents at $ 121.29 level.

News and Economic Review Zone Asia (Hong Kong)

The focus was on the banking sector, Hong Kong rose

Friday, April 13, 2012

Hong Kong stocks rose this afternoon. Investors seem to be indifferent to slow China's economic development and focus attention on China's banks granted loans.

China's GDP grow slowly in the last three years in the first three months of 2012 yesterday with the development of 8.1 percent. range below the predictions of experts who predict an increase of 8.3 percent. the data is released one day after the announcement of an increase in the number of loans in Chinese banks by more than 1 trillion yuan in March.

The banking sector led the kenaiakan and pushed the Hang Seng rose 1.6 percent to a range of 20653.99. China Enterprises rose 2.4 percent. This increase is the best day hike in the last two months.

Shanghai Composite rose 0.2 percent after the GDP data was released.

China Construction Bank rose 2 percent and a rise in stocks with the best on the day ni hang Seng. ICBC rose 2.8 percent while Agricultural Bank of China rose 4.2 percent.

Smaller banks also jumped. Citic Bank rose 5.7 percent, but it's the most attractive stocks in the China Enterprises Index.

Cement maker, Anhui Conch, which became the most attractive stocks in Hong Kong last ten days rose 2.5 percent.

News and Review of European Economic Zone

King of Spain was strangled State Budget

Friday, April 13, 2012

The impact of the economic crisis in Spain has spread to the royal family, who are forced to tighten their belts.

Kingdom of Spain was forced to lower the principal and staff salaries cut their budget, after the state was forced to reduce the allocation of funds due to the economic crisis.

Household budget allocation King Juan Carlos is lowered, because Spain is running a savings plan (austerity measures) that are required of the European Union.

Pruning is of 170 thousand euros, or 2% of the total budget, a budget of 8.264 million euros for 2012.

"The part that will save the expenditure on personnel and protocol," according to court officials. Pay cuts will mainly affect the 11 key staff listed in the palace payroll.

News and Review of European Economic Zone

Euro worry Conditions Spain

Friday, April 13, 2012

The euro weakened on the London session, as concerns over the outbreak of the Spanish state. Investors worried about Spain will request financial assistance to the EU if the Spanish government bond borrowing costs continue to rise.

Recent developments show the Spanish banking increasingly rely on the ECB to meet its funding needs. Spanish bank loans from the ECB to achieve? 316.3 billion in March, up from? 169.86 billion in February. Amount of the loan reaches 28% of the total funds channeled through the ECB's liquidity facilities.

This condition is certainly worrisome given the Spanish banking increasingly rely on the ECB in recent months. Private investors still seem reluctant to give loans to European banks, whose country has a weak fiscal position.

News and Review of European Economic Zone

Data Exchange Europe China Press

Friday, April 13, 2012

European stocks trade lower on Friday (4/13/2012) with the data of China's economic growth is lower.

FTSE index was down 0.2% to 5693, the CAC fell 0.7% to 3244, the DAX fell 0.5% to 6703.61. "With China's economic growth has raised concerns that weakening investor. Some data have been disappointing so that global economic growth is uncertain," said Keith Bowman, of Hargreaves Lansdown, as quoted from marketwatch.com.

China's economy first quarter of 2012 slowed more than expected to 8.1%, compared to same period 2011. Growth of 8.1% is a sharp decline from 8.9% rise in the country's GDP in the fourth quarter of 2011. This achievement also misses the expansion expected by economists surveyed by FactSet Research by 8.5%.

Asian stock markets has strengthened as the Hang Seng index rose 1.8%, the Nikkei rose 1.1%, Straits Times index rose 0.5%, the Shanghai index rose 0.3%, Kospi index climbed 1.1% and the ASX index rose 1%.