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Gold futures slip

Thursday, April 12, 2012

Gold futures fell today, while other metal prices climb as the weakening dollar.

Gold futures contract for June delivery fell 90 cents, or 0.1 percent, to 1659.40 dollar range per ounce on the Comex division New York Mercantile Exchange. Yet the gold price rose 1.8 percent during the week.

In electronic trading, silver futures contract for May delivery rose 3 cents, or 0.1 percent to 31.55 dollars per ounce range. Copper futures for May delivery rose 2 cents, or 0.5 percent to 3.66 dollars per pound range.

Platinum futures contract for July delivery rose 2.40 dollars to 1,586,70 dollars per ounce. Palladium futures for June delivery rose 1.90 dollars or 0.3 percent to 638.50 dollars per ounce.

The dollar index, which is the ratio of the price of the dollar against six other currencies, are in the range of 79.641. Down from the range achieves 79.791 yesterday.

The weak dollar makes a purchase price of a commodity at a price of the dollar strengthened. Buyers with other currencies can get the commodity at a price that is cheaper.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng Session I Strengthens 1%, Rebound Post-Correction

Thursday, April 12, 2012

In the first session of trading today (12/4) Hong Kong stock market that previously had been weakened streak, now experiencing a rebound after positive sentiment coming from the U.S. stock market rose overnight and that there is speculation the Federal Reserve monetary policy.

Session of the Hang Seng Index rose by 1% to 20342.22 basis points. While index futures has increased by 281 basis points to 20 366 points with the support level of 20 067 points and resistant level of 20 406 points.

The shares of which is to increase Pasifi Citic shares rose 0.31% to INR 12.82, China Unicom shares rose 1.1% to EUR 12.84 and shares of China Mobile rose 0.6% to 83.85 USD

News and Review of European Economic Zone (UK)

Pound conclude accession to the euro

Thursday, April 12, 2012

Pound increase in daily to end its six-day against the euro. A report expected to show the UK trade deficit surged in February.

Lower than 12 pounds and other currencies. Sales of goods are expected to increase to 7.65 billion pounds in February from a range of 7.53 billion pounds in January. while bonds fell before the British government sold bonds worth 2 billion pounds by June 2032 maturity today.

Pound slightly declined to around 82.45 pence per euro. On 9 April, the pound rose to 82.30 pence, its highest range since 9 January. against the U.S. dollar, the pound rose 0.2 percent to 1.5934 per U.S. dollar.

This year, sterling has risen 0.8 percent this year compared to 10 other currencies. While the euro fell 0.5 percent and the dollar fell 2 percent in the same period.

Government bonds with a maturity of three years fell two basis points to 2.07 percent.

News and Review of European Economic Zone

Italian euro falter after auction

Thursday, April 12, 2012

Peel back the euro gains against the dollar in the session Thursday, after the Italian government debt auction the highly anticipated, investors are eager to meet the demand but the single currency was bolstered hopes tetrhadap continuation of bond purchases by the European Central Bank.

Italy auctioned 2.88 billion euros of 3 billion euros of three-year bonds on offer, with an average yield of 3.89 percent versus 2.76 percent in the same auction last month, amid persistent concerns over the risk of transmission of sovereign debt Spain.

But the euro still get support after a member of the Executive Board of the European Central Bank Coeure Benoit said Wednesday that the central bank still has a bond purchase program as an option to reduce the pressure on Spanish bond yields.

The euro fell from the top level against the U.S. dollar session at 1.3149 level, observed hit 1.3116 on early European trading, or still up 0.06 percent. The euro traded near its lowest level against the pound last three months, slipped 0.13 percent to 0.8230 hit and wiped rise against the yen, up 0.30 percent to 106.31 level, the crew over at the beginning of the session level 106.60.

Later in the day Thursday, the U.S. will release official data on initial jobless claims, and reports of inflation in producer and the trade balance.

News and Review of European Economic Zone (Italy)

Auction Euro Bonds Italy overload

Thursday, April 12, 2012

Difficulty maintaining the strengthening of the euro seen after bond auction results Italiatunjukan investors are still worried about the potential for further spread of the debt crisis. Italy only managed to collect funds? 2.8 billion but had to pay dearly to get the funds. Italian government bond borrowing costs tenured three years reached 3.89%, higher than the previous auction of 2.76%. EUR / USD is now trading 1.3115, 1.3150 daily high level away from

Italian finance ministry officials, Maria Cannata, doubts the market will see a budget deficit Unbridled Spanish as the primary cause of the surge in borrowing costs. "The problem has not gone to the Italian economy is improving," said the trader interviewed by Reuters. The Italian government is expected to cut its economic growth target for 2012 to a contraction of 1.3%. Italian labor sector reforms as well still be reviewed by parliament with increasing disagreement between the officials of political parties and trade unions.

Gold futures soar

Wednesday, April 11, 2012

Gold rose to its highest range in the last month in New York as worsening debt crisis in Europe. European moves that looked limp in resolving the crisis spreading to worry again.

Spanish and Italian bonds rose. European markets continued the decline. Standard & Poor's GSCI Spot Index of 24 raw materials fell 1.5 percent commentary.

Gold futures contract for June delivery rose 1 cent to around 1,600,70 dollars per ounce on the Comex division of the New York Mercantile Exchange. It was the best rise since March 30 last. on 3 April, gold futures touched had the best range of 1664.80 dollars.

The price of gold shining again after the sale of gold in India returned to normal. Jewelry artisans in India finally put an end to their protest, which lasted for 21 days.

Silver futures for May delivery rose 0.5 percent to around 31.678 dollars per ounce on the Comex, the increase is an increase of three consecutive sessions.

Platinum futures contract for July delivery fell 1.5 percent to 1593.70 dollars per ounce range. Palladium futures for June delivery turn ksiaran 1.1 percent, to 636.85 dollars per ounce on the Nymex.

News and Economic Review Asia Zone

ASEAN not protect the local industry

Wednesday, April 11, 2012

In his written statement, Oxford Business Group's Regional Editor for Asia Editor Paulius Kuncinas convey that investors assess the ASEAN Talah failed to protect local industry and appreciate the benefits together.

With a total population of 1.5 billion and the total economy over $ 1.5 trillion, Asen has been known as psuat reginal strength in emerging markets are known to all international investors thanks to a solid macroeconomic indicators and the performance is improved as is the case in Indonesia.

But in his explanation on the Road Map Asen Economic Community (MEA) there are still doubts about the political will to achieve integration goals.

The benefits of ASEAN integration and re-presented at this time to make influential political and economic entities globally and GDP per capita membangu increase and improve the quality of life for its citizens.

With the ASEAN Community lalgi built only three years in 2015, there are no special measures are taken to accelerate the integration.

Even in the Summit last April 3 and 4, which is discussed in-depth integration does not work send a clear Signals for the global investment community that ASEAN countries are ready to seize opportunities in global capitalism.

News and Review of European Economic Zone

Safe Haven Currencies and Gold will be excited.

Wednesday, April 11, 2012

Current economic conditions in the U.S. post-series of economic data last week coupled with the current condition of the Euro Zone make the market concerned and alarmed.

To provide security for the execution of investment, most investors do security on their investment by purchasing assets security, safe haven. The choice is a dollar, bonds or gold.

In currency trading the pound on Tuesday (10/04), GBPUSD fell to $ 1.5869 from $ 1.5909, while the trade Euro, EURUSD also declined to $ 1.3078 from $ 1.3116 with on Monday. The dollar index rose to 79 875, of 79 759.

Market participants expect the Japanese for example, through its central bank will issue its soft monetary policy to buy the assets of bonds as part of a policy that will be taken from the April 27th meeting tomorrow. While in Germany, German bond yields declined 2-year period, for the first time only amounted to 0.10%, which is the lowest level in at least 10 years. This figure is lower than Japan's similar yield of 0.11% imbalnya.

In Europe alone, Spanish and Italian bonds also become the market's attention. Bond yields rose two countries. Spanish Central Bank Governor Fernandez Ordonez, said that many banks need more capital to strengthen the market. Analysts had been expecting sales of Italian debt will likely be trimmed by the European Central Bank measures which will finance the operations and increase the liquidity of the European banking system by buying bonds from European countries. The market will see to what extent the effectiveness of the European Central Bank steps in resolving the financial crisis on the continent.

News and Review of European Economic Zone

Euro downfall limited 1.3000/30 Support

Wednesday, April 11, 2012

Downward pressure continues to Euro in Asia, which is currently trading down to a session low at 1.3065 to 1.3080 new in New York, edged down 0.1% so far.

Valeria Bednarik, a lead analyst at FXstreet.com, noting that the movement of the drop is still limited by the static support area around 1.3000/30 and prices go down unless there is a clear movement, the Euro may be restrained, he said.

"Graph per hour indicate a bearish signal, when the price begins to move under the SMA-20, while some indicators remained below the middle price of a loss of clear direction," Bednarik said. "The movement of a 4-hour chart, a bearish signal is still there, with some indicators that prices move down the right in the middle and candle charts is still under the SMA-20".

News and Review of European Economic Zone

The yen rose, approaching the lowest point of the euro

Wednesday, April 11, 2012

The yen touched its highest range for the past seven weeks against the euro after soaring interest rates in Italy. This makes the fears of European crisis erupted again.

The euro approached its lowest range during the last three weeks against the dollar before Italy to sell bonds for 11 billion euros today. Bonds to be auctioned tomorrow have a maturity in 2015.2020 and 2023.

Aussie slipped to its lowest range during the last three months as the weak Asian bourses over the past six days.

In the range of 105.61 yen per euro. The yen had touched its highest range since February 22 in the range of 105.45 per euro. The yen weakened 0.1 percent menadi 80.75 per U.S. dollar. The euro fell against the dollar to 1.3097 per dollar range. On 9 April, the euro had dropped to around 1.3033 per dollar, its lowest since March 15 range.

Aussie touched 1.0226 per dollar range, the range of its lowest since January 9. The MSCI index fell 0.9 percent today setting the Standard & Poor's 500 index fell 1.7 percent and the Stoxx Europe Index fell 2.5 percent yesterday.

Gold shines, rocketed to the highest point

Tuesday, April 10, 2012

Gold jumped to its highest point during the last week in the range of 1650 dollars per ounce today. The increase was a rise in gold for four consecutive sessions. The increase was supported by expectations of further policy easing from the Fed and the demand for gold is rampant in Asia.

Today is the day where all the market is active again after the Easter holiday weekend. Data on the U.S. job market last Friday disappointed the market and create hope for the printing of money at the Fed rose.

While buying physical gold jewelry rose because penguasaha India has again turned on after the strike for three weeks ago. they stopped their protest after the Minister of Finance promised to send the proposal to the government regarding the abolition of tax free jewelery brand.

Spot gold rose 0.7 percent to its highest point during the last week in the range of 1652.55 dollars per ounce. weeks ago, gold had dropped to its lowest point during the last three months in the range of 1610 dollars per ounce. U.S. gold gained 0.6 percent to around 1654 dollars per ounce. resistance level of visible gold in 1648 dollars per ounce level.

Investors will keep waiting for some data that will dikelurkan the Fed throughout this week to see whether the Fed will do the relaxation of policy.

News and Economic Review Zone Asia (Hong Kong)

Drain Gain slowdown issue Hang Seng

Tuesday, April 10, 2012

The issue of China slowdown has adversely affected the performance of the Hong Kong stock exchange.

Hang Seng Index fell 1.1% to the observed 20 296 after China import data further prove that the economy is slowing. Country's import volume rose 5.3% in March or lower than analysts' projections, 9.3% and a record 36.9% in February. So far, the Hang Seng was up the correction of as much as 6 times in 7 sessions. Economic anxiety is a trigger factor, but the condition is complicated by the expectations of monetary easing that did not come. Meanwhile, China's inflation was above market expectations.

Nomura investment institutions stated that the Chinese government will continue to accommodate growth climate. Among the cuts interest rates 25 basis points this month and the reserve requirement by 50 basis points in May. The Government will review its policy again on April 13, when a series of macro data was released. Trading volume in Hong Kong until this sat at HK $ 26.17 billion.

News and Review of European Economic Zone

Taking a Gap Euro weakening USD

Tuesday, April 10, 2012

As a major world markets began to open again, investors today (Tuesday, 10/4) also began to pick up and put his position in the market in order to continue the transaction throughout the week.

However, the market re-alert the economic data that will emerge during this week which will provide guidance and direction of trade. In major currencies, the single currency Euro USD rally because of weakened slightly due to negative investor sentiment is still buffeted by the release of data after a bad labor weekend.

Poor fundamentals sparked speculation the Fed will at least cover more about the necessity of easing (QE) malalui economic stimulus. Euro rally observed to maneuver and move stable in the range of $ 1.3130-an even higher level had jumped to $ 1.3144 in early morning trading.

News and Review of European Economic Zone

The focus was on China, EURO stable

Tuesday, April 10, 2012

The euro stabilized against the U.S. dollar today as the focus of investors focused on economic data of China and the announcement of the results of the Bank of Japan meeting for two days.

The euro was at 1.3111 range, after being menyentih lowest range during the last four weeks in the range of 1.30330 per dollar. Level of resistance seen in the range of 1.3130 euro dollars.

While the Australian dollar fell to its lowest point during the last three months due to concerns about China's economic growth looks weak and the possibility of cuts in domestic rating next month. Aussie is very sensitive to the development of China are in the range of 1.0160 per U.S. dollar.

The two-day meeting by the Bank of Japan will end today. Many people expect the BOJ will conduct policy relaxation like they lalukan in February. Relaxation of the policy shock has lowered the price of the yen to its lowest point.

Meanwhile, the dollar rose 0.2 percent to around 81.72 yen, its lowest out of the range yesterday, 81.990 yen. The dollar index was in the range 79 740, out dair lowest isaran 78.865.

Berita dan Tinjauan Ekonomi Spanyol Spanyol Bersikukuh Terapkan Reformasi Anggar

Spain insists Apply Budget Reform

Tuesday, April 10, 2012

The Spanish government continues to design the efficiency agenda to secure loans from the European Union.

The Government today expressed readiness to save 10 billion euro budget. To achieve this, budget cuts will include some sectors such as education, health and optimization of public service. After meeting with members of the cabinet, Prime Minister Mariano Rajoy also agreed to accelerate the privatization of national banks.

So far, the new government could ensure that the design will actually be enforced. Another new efficiency program announced in the coming weeks. This includes the privatization of some state-owned enterprises and the implementation of new rules that could increase the competitiveness of the Spanish economy.

The new reform is needed as concerns the financial industry to the quality of Spanish bonds. The only way to raise more debt instruments of this country is to cut dfisit and debt ratios. On Monday the government reiterated its determination to shrink the deficit burden to 3% of GDP by 2013.

Crude Oil Weakens, Iran "softened"

Monday, April 9, 2012

Crude oil prices to trade this afternoon (9/4) recorded a decline. The weakening of the movement of oil caused by the presence of a potential Iranian nuclear project policy revisions which tend to soften after pressured by the threat of economic embargo and delivery of crude oil by the United States and the European Union.

This is in line with the meeting between the Iranian side with the United Nations Security Council on April 14 in Istanbul, Turkey to discuss the cessation of Iran's nuclear project and the opportunities of economic embargo on Iran if the project is still running.

Crude oil futures for May fell by 1.44 dollars to 101.87 dollars per barrel. Meanwhile, Brent crude fell 96 cents to 122.47 dollars per barrel.

News and Economic Review Zone Asia (Japan)

Nikkei weakens, U.S. stocks carry negative

Monday, April 9, 2012

Japanese stock market for trading today (9/4) was recorded as having impairment. Still off the Hong Kong stock market and the weakening of the U.S. stock market in trading last Friday gave a less favorable situation for investors. Moreover, at the same time oil prices have weakened the position of 102 dollars per barrel.

Nikkei index fell by 1.5% to 9546.26 basis points. While index futures declined by 19 points to 9535 basis points, with the support level of 9513 points and resistant level of 9691 points. The broader Topix index fell by 1.5% to 813.69 basis points.

Stocks that declined include Hitachi Construction stock is down 2.3% to 1707 yen, Komatsu Ltd. shares fell 2% to 2296 yen and TDK Corp. shares fell 1.7% to 4365 yen.

News and Review of European Economic Zone (UK)

Sterling Weakens Self Piercing; Investor Confidence Strengthens Against Japan in March

Monday, April 9, 2012

In the forex movements during the European session today (09/04, 07:52 GMT), generally indicates movement of Sterling fell against the Japanese yen after opening at 129.50 in early trading (00:00 GMT). Sterling has weakened quite sharply around -54 pips or about -0.42% and at the time the news was revealed to be monitored on a revolving value of 128.96.

Japanese Yen against Sterling pressure due to the presence of strong positive signal on the Japanese economy, where it is shown by an increase in confidence in the economy.

Economy Watchers Sentiment indicators are reported to rise to 51.8 in March, higher than previous estimates would only increase to 46.6 from 45.9 the value of the period of February.

Normal range of movement of Sterling today is expected to have a support level at around 128.68 and resistance level at around 130.66.

News and Review of European Economic Zone (Russia)

Russian Central Bank maintain interest rates

Monday, April 9, 2012

Russia's central bank released data today to keep interest rates unchanged and as much as possible. The decision to keep interest rates based on consideration of the risks of inflation and economic growth prospects in the future.

The inflation rate is fixed, namely at the level of 3.7 percent in March, and was the weakest since the Soviet Union collapsed in 1991. The inflation rate is estimated at 5.5 percent level. And according to the Russian Central Bank is expected that the downward trend did not last long. For some macroeconomic indicators mentioned that there was some improvement in economic conditions.

Last week, Minister of Economic Development, Elvira perekonomia Nabiulinna said that the Russians are likely to grow by 3.4 percent in 2012, slower than the estimates is estimated to reach 3.7 percent.

News and Review of European Economic Zone (Estonia)

Acceleration of inflation Estonia

Monday, April 9, 2012

Agency statistics Estonia reported that the center of the consumer price index rose 4.4 percent to an annual basis in March. The increase was more rapid than the growth recorded in February to reach 4.2 percent.

For the price of food and non-alcoholic beverages rose 2.9 percent recorded a year, while clothing and footwear rose 5.1 percent.

While housing costs in the sector, the growth reached 11 percent during the period this month, while for transport also increased by 5 percent.

In keluruhan, Estonia inflation rate accelerated in March.

Gold Rises, Spain Save the predictions EU

Friday, April 6, 2012

The price of gold to trade this afternoon (6/4) recorded an increase. The market seems quite optimistic about the existence of an economic bailout policy of Spain by the European Union which last month had promised would be realized.

Spot gold rose by 0.2% to 1633.85 dollars per troy ounce with the support level at 1611.85 dollars per troy ounce and resistant level of 1643.4 dollars per troy ounce.

Strengthening of gold prices has affected positively the price of metal commodities such as silver rose 0.2% to 31.75 dollars per troy ounce and palladium climbed 0.7% to 641.7 dollars per troy ounce.

News and Economic Review Zone Asia (Japan)

SocGen: BoJ Probably Will Return 'softened'

Friday, April 6, 2012

Japan's central bank is likely to re-view of monetary easing in policy 2-day meeting will begin on next Monday, according to analysts at Societe Generale, with increasing political pressure to urge the Bank of Japan to be more aggressive in combating deflation.

SocGen Chief Economist Japan, Takuji Okubo, on Friday said that the BoJ increased the pressure on after the ruling Liberal Democratic Party filed a discourse of legal reform that would give the Cabinet the authority to dismiss the head of Japan's central bank in case inflation falls below target.

SocGen also estimates that if the BoJ will add around? 5 trillion ($ 60.63 billion) into their asset purchase program.

"Under such political pressure, the BoJ seems to need to increase support to ward off deflation," said Okubo.

News and Review of European Economic Zone (Italy)

Monti Still Want Labor Reform in Italy

Friday, April 6, 2012

Prime Minister of Italy, Mario Monti, confirmed having enough support to do reforms in the sector, although criticized by labor unions and employers. Policy reforms aimed at overhauling the system that gave shelter to permanent employees but does not provide security to workers who are younger or shorter working hours.

"I believe the public and the parliament will support the government's policy," said Monti told Reuters. Monti even modify the Draft Law (Draft) with the court agreeing to rehire employees fired for no apparent reason.

Monti previously received support from political parties but the support of the PDL changes as he asked the government to revise the labor bill. Monti optimistic to pass the bill had to be held even if vote of confidence that can force political parties to support the policy or see Monti stepped down as Prime Minister of Italy.

News and Review of European Economic Zone (Greece)

Debt crisis, Trend Trigger Suicide in Greece

Friday, April 6, 2012

Debt crisis in Greece has now turned into a humanitarian crisis. Mass demonstrations occurred again after the suicide of a senior citizens Wednesday.

Dinitris Christoulas, a retired 77-year-old pharmacy, shot himself in Athens Syntagma Square, located in front of the Greek parliament. The tragic events that occurred during peak hours of the capital. In the note he left behind, Christoulas states have no other choice because of difficulty obtaining food.

Athens residents flooded the place Christoulas died with flowers and candles. Not long after, protests again flooded the city to physical clashes between demonstrators and police. Smoke billowing tear gas at several important points.

Lucas Papademos Prime Minister expresses his sorrow with the words 'support those who are facing difficult times'. According to police records reported by Reuters, there have been four suicides in the past week. While Bloomberg stated there are already more than 1700 similar trials since 2009.

Greece is now entering its fifth year recession and cuts in the second period. Efficiency and social welfare pensions coupled with a tax increase is suspected to make people frustrated for his life. Greece will hold elections in May and still have record budget cuts to $ 14.6 billion to wipe out the deficit, according to an agreement with international creditors.

News and Review of European Economic Zone

Opportunity! Pay attention to the Euro if USD Rally

Friday, April 6, 2012

Tonight when the U.S. employment figures came in above expectations, is likely to encourage increased yield U.S. Treasuries, which will support the dollar (USD), but otherwise it would cost the major currencies especially the Euro.

Until now, economists estimate the number of non-farm payrolls (NFP) which will air tonight at 19:30 pm 203.000 are expected to show an increase in employment in March. When the NFP figures in the release of solid economic data will add a series of fundamental American who continues to improve, so will strengthen prroyeksi economic recovery in the land of Uncle Sam.

Enter the European market, single currency Euro is still moving in a narrow range of $ 1.3060/70-an, after struggling to rise from a lower three-week session at $ 1.3035 yesterday.

Technically, stochastic indicators are bearish all day will still trigger the EUR to continue the correction, especially if there are additional negative sentiment in the market. Even the MACD indicator has also been seen maneuvering bearish. So if the U.S. is not able to continue the rally, the correction target nearest support level is at $ 1.3035 (session low today), $ 1.3000 and $ 1.2960. While the resistance is very limited though, will be recorded at the level of $ 1.3100 and $ 1.3140 to $ 1.3170.