mynameisandhy

Continued weakening of the CPO

Thursday, March 29, 2012

Palm oil or palm oil prices are already too high to reduce the investor buying that CPO prices fell back ahead of the second day.

In the Malaysia Derivatives Exchange, CPO contract for June delivery fell 0.8% to RM3.445 atu $ 1,123 per metric ton before moving kelevel RM3.449.

On March 27, palm oil prices could end up dilevel RM3.497, the highest since March 10, 2011.

USDA will release the data tomorrow soybean stocks are a product of palm oil substitution. The report is expected to show a rise in U.S. soybean production up 9.8% over the same period last year to 1.371 billion bushels.

News and Economic Review Zone Asia (Korea)

Kospi closes Weakens, Asian bourses negative

Thursday, March 29, 2012

Korean stock market for trading today (29/3) closed lower. The weakening of the stock return are the result of negative sentiment coming from the Asia region is depressed by the impact of weakening crude oil prices and falling U.S. stocks overnight.

Kospi index ended down by 0.85% to 2014.41 basis points. While index futures declined by 3.17 points to 268.9 basis points, with the support level of 268.19 points and 272.72 points at level resistant.

The shares, which fell ie the Doosan stock fell 0.67% to 149 000 won, Salum shares fell 6.74% to 2835 and won Noroo Holdings shares fell 2.18% to 7630 won.

News and Review of European Economic Zone (UK)

Overbought, Sterling Strong Opportunity Correction

Thursday, March 29, 2012

Cable managed to rebound and shoot resistance area dikisaran 1.59195 - 1.59382 as was seen in 1-hour chart above. Technically advanced corrective opportunities seen as the condition of technical indicators which are currently approaching the overbought area. Correction for the time being the furthest thought mneuju area until 1.58401 1.58776 1.59382 survive if the range of resistance. Conversely if the resistance is broken, it could potentially trigger a bullish acceleration toward the area of ​​1.59614 to 1.59989.

News and review European Economic Zone (Germany)

German unemployment fell February

Thursday, March 29, 2012

The unemployment rate in Germany was reported down last February, as reported by the Federal Statistical Office.

The data have not shown impairment diaudited 5.9% in February from 6.3% in January. At Febuarai 2011 unemployment rate was 6.6% dilevel.

The number of unemployed fell from 2.49 million in February and 2.66 million in the previous month. The unemployment rate remains stable dilevel 62.8% from 62.5% in January.

With the adjustment, the unemployment rate was still 5.7% dilevel. But down from 6.3% last year. Employment rate was 63.1% compared dilevel 63.2% in the previous month.

In February a total of 41.1 million people employed, 1.4% higher than last year. This growth rate is the same as in Janauri. The month on month basis, employment was up 0.1%.

News and Review of European Economic Zone (UK)

UK house prices fall

Thursday, March 29, 2012

UK house prices mostly fell 1% in March, according to data released by the Nationwide House Price Index.

The prices are 0.9% lower than a year ago, as stated by the chief economist at Nationwide.

UK house prices fell 1% this March, pushing the level of house price growth year on year into negative territory for the first time in 6 months. House prices is also 0.9% lower than March 2011.

Attenuation is appropriate after a drought property tax estimates are being made to push housing prices and the UK early 2012.

This weakened the housing market activity and prices expected to continue to weaken until the summer, especially if the economy began to reverse plus other policies, such schemes are successful NewBuy support the purchase.

but the current economic situation is predicted to take place so that home prices have not changed or only slightly decreased in the next 12 months.

Oil Related Issues Fall Sharply In Stock Release of U.S. Strategic Reserve

Wednesday, March 28, 2012

Oil finally fell for the first time in four days amid widespread rumors that the U.S. would release strategic stocks of crude oil reserves and increase its U.S. oil supply significantly.

French Industry Minister, Eric Besson said the U.S. has submitted a proposal to remove the oil strategic reserve stock of various countries in Europe to cope with rising oil prices is too excessive.

This proposal may be taken by the Obama administration related to the U.S. Democratic Party political step ahead of the election, as polls show Obama masyarat U.S. rate is very poor performance in dealing with rising oil prices.

IEA officials who had initiated the first release of reserve stocks of oil strategy after an interruption of oil exports from Libya also confirmed that the proposal is being considered. According to the French, the French government is still waiting for IEA oil inventory report before taking any decision.

The increase in supply in excess of supply would potentially limit further oil price increases, especially if there is no new news about Iran, then the investor should be buying interest will shrink in the coming days.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng slid Ends Nearly 1%

Wednesday, March 28, 2012

Hong Kong stock exchange for trading today (28/3) closed weakened significantly. Correction back to the negative sentiment occurred after the weakening of U.S. stocks overnight after U.S. consumer confidence data for the decline in February.

The Hang Seng Index closed for trading today down by 0.9% to 20856.63 basis points. While index futures weakened by 249 basis points to 20 903 points with the support level of 20 794 points and resistant level at 21 050 points.

Stocks are declining among China Mobile shares declined by 0.47% to 84.25 HKD, China Coal shares fell 0.34% to HKD 8.89 and ICBC shares fell 0.99% to 5.01 EUR .

News and Review of European Economic Zone (UK)

Pound fell against the dollar after the GDP

Wednesday, March 28, 2012, 17:03

Pound extends decline against the dollar on Wednesday session, fell to a new decline in the last two days after official data showed that the UK economy contracted the surpassed forecasts in the last three months of 2011.

Office for National Statistics (ONS) said UK gross domestic product (GDP) contracted at a seasonally adjusted rate of 0.3 percent during the fourth quarter, more than the initial estimate of 0.2 percent contraction. GDP rose by an annual rate of 0.5 percent, below expectations for growth of 0.7 percent.

The report says that the income of households in Britain fell 1.2 percent in 2011, the biggest drop since 1977.

On Tuesday, Bank of England Governor Mervyn King said Britain's economy still faces a long road to pre-crisis levels of growth in the fiscal, but stopped short of indicating if the central bank is considering a new round of monetary easing.

Pound observed reaching its lowest level against the dollar since the beginning of this week at the 1.5904 level while then moving up to a level of 1.5910, or only down 0.24 percent. The pound also fell against the euro and yen. Pound tracked down 0.52 percent against the euro and touched the 0.8391 level and fell 0.58 percent against the yen to hit 131.88.

Later today, the U.S. will release official data on durable goods orders, as well as crude oil inventories report.

News and Review of European Economic Zone

Wavy, Nestle and European markets stumbled Total

Wednesday, March 28, 2012

European stock market trading session on Wednesday reversed irregular disappointing U.S. consumer data, while mining stocks again struggled after commodity prices back down.

The Stoxx Europe 600 flats and monitored traded at 266.73.

Burden index, food group Nestle SA fell 0.9 percent after UBS cut the company's stock to "neutral" from "buy" and remove it from the list of favorites such banks.

Also increased the pressure on Europe, the oil group Total SA dropped 1.6 eprsen on concerns about gas leaks in the North Sea continued since Sunday.

France's CAC 40 Index rose 0.1 percent to a level of 3474.39, continued pressure by the shares of oil services company Technip SA fell 1.2 percent. Danone SA shares rose 1.8 percent after UBS said the rise in short-term view for the group of dairy companies.

Stocks in Asia and Wall Street record following a disappointing decline of U.S. consumer confidence data released yesterday.

In the UK, the mining company is also weighing on sentiment after oil and metals prices moved down. Among the mining stocks, Antofagasta PLC off almost 1 percent increase. Evraz PLC fell 1.7 percent after it reported full-year profit decline 4 percent in 2011.

In Germany, the DAX 30 index traded up 0.3 per cent, at 7,103.83, with shares of Infineon Technologies AG rose 2.7 percent.

In addition, the Italian bank, Banca Popolare di Milano SCARL fell 4.7 percent after Exane BNP Paribas shares are lower ranking to 'neutral' from 'outperform'.

News and review European Economic Zone

German Critics Desire OECD European Bailout Funds To Increase

Wednesday, March 28, 2012

Germany criticized the appeal to raise funds to € 1 trillion bailout because it would upset the market. Organization for Economic Cooperation and Development (OECD) has previously been appealed to the European bailout fund was increased to € 1 trillion to help end the debt crisis. Earlier, German Chancellor also signaled agreement to combine instruments EFSF bailout temporary and permanent ESM so as to increase its lending capacity to € 700 billion.

Chancellor Angela Merkel's spokesman, Steffen Seibert, said, "It is regrettable that there never seems to quite high numbers in the discussion of bailout funds. Call to increase the European bailout fund has ignored the euro-zone members' ability to finance the bailout funds. Appeal such will only incur kegelisihan. "

Meanwhile, the euro weakened on the New York session. EUR / USD is now trading 1.3290, 1.3373 daily high level away from

Gold Moves Correction Rally Sharply After Yesterday

Tuesday, March 27, 2012

On electronic trading in Asia today gold price appears to decline (27/03). Precious metals prices weakened with the consolidation trend in trading yesterday after experiencing its biggest daily rally since late January.

Last night the gold price seems supported by the dollar fell against rivals. Today the dollar seems to have a stronger correction in gold prices were also affected. Despite this strong trend looks still may continue in the gold price.

Current spot price of gold seems to have decreased by 3.83 dollars (0.23%) and are at 1687.91 dollars per troy ounce. This spot gold price had increased to reach its highest level since March 13, in trading last night, that is the position of 1693.39 dollars per troy ounce.

News and Economic Review Zone Asia (Japan)

Japan PM Ready to Ask a Tax Increase Proposal

Tuesday, March 27, 2012

Japanese Prime Minister today to talk about economic policy. He wanted to start a conversation about the national tax hike proposal with members of the ruling party.

Yoshihiko Noda discourse struggling to pass tax increases to balance its finances. To ensure the proposal's escape, he opened the faucet of communication with officials of the Democratic Party if necessary.

On the sidelines of an international summit on nuclear security in Seoul, Korea, Noda will expose all the components of the new tax proposal in front of colleagues at the last meeting later. That way, he could explain how important it is to raise Japan's consumption tax until 2015.

He said the new tax proposal is largely the same as the draft has been approved the previous party members. Therefore, he was fully convinced that his plan would have the blessing of all parties. The proposal itself will be brought to parliament in late March.

News and Review of European Economic Zone

European Stocks Potential Open Stronger

Tuesday, March 27, 2012

European shares opened higher following the opportunity for gains in Asian stocks encouraged comments U.S. Federal Reserve Chairman Ben Bernanke said the loose monetary policy is still needed for the U.S. economy.

Citing CNBC.com, the FTSE 100 looks to open higher 19 points, the DAX rose 65 points and CAC rose by 19 points. Bernanke's comments seen by some people to confirm that the door to further asset purchases by the U.S. central bank will remain open. He also warned that faster growth is needed to lower the unemployment rate.

German Chancellor Angela Merkel told the BBC that the exit of Greece from the euro zone would be a disaster and an economic and political errors for all the euro zone.

Transocean, the owner of the world's largest offshore drilling is expected to sell some of the old refinery this year worth U.S. $ 500 million to U.S. $ 1 billion.

OECD Economic Survey of the Euro will be released at 8: 30 am GMT.

News and Review of European Economic Zone

EURUSD: Tend Flat, Test Resistance at 1.3366

Tuesday, March 27, 2012

Bias on EURUSD 1-hour charts tend to be flat and test the range of 1.3366 resistance area. The technical level of the outbreak of mebuka opportunities for further bullish momentum towards 1.3407 area. This projection is also reinforced by the movement of the CCI and stochastic conditions that are currently approaching oversold area. But otherwise if the range of 1.3366 resistance is able to survive, the chances of an open short-term correction with the range of 1.3324 to 1.3278 target.

News and Review of European Economic Zone (UK)

GBPUSD: Suspended Resistance at 1.5971

Tuesday, March 27, 2012

Cable has appreciated and is currently detained in the range of 1.5971 resistance area. The technical bias currently tend to be flat GBPUSD and test the resistance. Rupture of the range of 1.5971 resistance likely to trigger a bullish acceleration towards the 1.6012 area. Conversely, if resistance were maintained, the opportunity is open to short-term correction of 1.5931 to 1.5885 area.

Consolidated Oil, Bearish Signals

Monday, March 26, 2012

Nymex oil would consolidate after Friday (23/​​03) hit a three-session high at $ 108.25. Daily chart shows the movement of the mix with the MACD indicator shows a bearish signal, but it shows the movement of neutral stochastic while the MA 5 day and 15 day moving sideways.

If the oil broke through the $ 108.25 level, the next target at $ 108.37 (high level Tuesday) and $ 109.03 (March 2 high level) and $ 110.55 (10-month highs on March 1). If oil continues to soar to $ 110.55 then open greater opportunity for prices to move up to the level of $ 114.83 (high level May 2, 2011). But otherwise if the oil penetrate the level below $ 105.16 then the pressure continues to a level of $ 104.50 (low level Tuesday), then $ 103.78-$ 103.74 (low levels of March 15), $ 102.95 (MA 55-day) and $ 100.80 (MA 100-day). Oil May contract fell 20 cents to $ 106.67/barrel on Globex.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng Closed Flat, First Week of No Interest

Monday, March 26, 2012

Hong Kong stock exchange today (26/3) closed flat. Flat movement continues until the end of trading after the stock exchange and the investors get ahead of the administration signaled concerns testimony by Fed Governor Ben Bernanke on this evening.

Hang Seng Index closed flat at 20668.86 basis points. While index futures has increased by 118 basis points to 20 731 points with the support level of 20 558 points and resistant level of 20 975 points.

The shares of which is to increase the shares of Sinopec Corp., which increased by 1.5% to EUR 8.77, HKEx shares rose 0.15% to 131.8 shares of HKD and Sino Land rose 3.95% to 12.62 EUR .

News and Review of European Economic Zone

Above 1.3300 Euro Translucent Coming U.S. Economic Data

Monday, March 26, 2012

Dollar turns lower while the euro soared to its highest level since March 2 after Federal Reserve Chairman, Ben Bernanke express doubts over U.S. job creation is finally interpreted by traders that the central bank will disburse the next round of stimulus in the form of QE to shore up the economy.

In his speech before the National Association of Business Economists, Mr. Bernanke acknowledged that the development of the U.S. workforce is stagnant, and doubts can be sustained decline in the unemployment rate for the future without the low interest rate policy.

Although U.S. economic data is quite positive lately, but investors are still sensitive to the signaled QE3. Bond purchase program, known QE3 is likely to trigger a rise in share prices and other risky assets such as the euro currency, and weaken the dollar.

In 2011 for example, the decline in the U.S. central bank borrowing costs and running massive amounts of liquidity has been a major factor that pushed the dollar to its lowest level in 3 years.

So after Bernanke made ​​the comments are more negative than the alleged perpetrators of this market lead to the weakening dollar, and Euro benefited from the penetration above the psychological level of 1.3300.

The technical outlook EURUSD technical turn bullish, at least test the 1.3335 area before heading to 1.3400. On the bottom, look at the nearest support level 1.3285 and 1.3210 area.

News and Review of European Economic Zone

European bourses propped Attitude Skyrocket Software Germany

Monday, March 26, 2012

European stock markets as a whole rose on Monday after a report that German sentiment index rose above the forecast, but shares of Spain which is still depressed after a bad election result could potentially thwart the plan of saving the party was in power.

German business climate index based on the results of exploration than 7,000 companies rose to 109.8 in March from the previous month at 109.7 during the month of February. This data is surprising after experiencing an increase in the fifth month in a row and responded positively by investors because these data prove that the German economy shows performance over other member countries.

At the same time the Spanish and Italian bond yields began to recover following a rumor that Germany was ready to let go of objections related to the addition of a bailout for the euro zone is reached by combining the EFSF and ESM facilities for a certain period, and create powerful ammunition for the member countries of the risk of spreading crisis .

News and reviews of the European Economic Zone (Spain)

Spain Limit rate of the European Market

Monday, March 26, 2012

Most of the stocks in the major European bourses traded slightly higher on Monday after the German business climate index Ifo reported a surprisingly showed an increase, despite the emergence of concerns over the prospects of strengthening the fiscal Spain still limit on the trading floor.

German DAX and French CAC40 sejah managed to survive in the green zone with each collecting 0.6% and 0.05%. Meanwhile, Britain's FTSE index recorded an increase of about 0.4% by mid-session on Monday.

The Spanish government on Sunday failed to obtain a majority vote in general elections in Andalucia, which may be more difficult for Prime Minister Mariano Rajoy to implement austerity measures in the region in an effort to reduce the state deficit.

"Spain began to enter the phase of the vulnerable," said Victoria Cadman, economist at Investec Securities. "The last election did not help and have raised questions about how the Spanish government will implement their austerity measures. Therefore, it becomes very important for the Euro zone ministers to immediately approve a rescue fund expansion of facilities when conducting a meeting in Copenhagen this weekend this. "

Euro zone finance ministers are scheduled to hold a meeting on Friday and next Saturday, where they expected to return to discuss about the increased size of the euro zone rescue fund facilities in an effort to prevent the spread of the debt crisis in the region. The latest news also mentioned if the Germans began to soften its attitude to the discourse of the facility expansion funding.

Gold Recovers After Worries Trigger Action Selling

Friday, March 23, 2012

Gold prices moved up on Friday, after touching a low level within 2 months prior disesi related concerns triggered by weak global manufacturing data from China and Europe.

Spot gold moved up 0.1% to $ 1,646.89 per troy ounce, in line with the fall for 4 consecutive weeks with a fall of 0.4%.

U.S. gold contract rose 0.3% to $ 1.647.

Concerns about the global economic slowdown hit commodity stocks and after weak manufacturing activity data of China and Europe.

News and Economic Review Asia Zone

This Weekend, Asia Stock Flushed

Friday, March 23, 2012

Asian stock markets fell on Friday trading (03/23/2012) with China manufacturing activity data lower this March.

China manufacturing data for the month of March 2012, released Thursday says shrinkage in five months. China's manufacturing index fell to 48.1 in March from 49.6 in February 2012. The same was experienced by the French and German manufacturing.

Japan's Nikkei index fell 1.1% to 6370.82 and the broader Topix index fell to as low as 852.53. Decline experienced by exporters such as Toyota shares fell 2% Morot, Honda Motor fell 2.9% and Sony lost 3.1%. Similarly, the shares of Nomura Holdings, the largest investment bank in Japan fell 3.8%.

Seoul shares continued weakening of the previous three days. Kospi index edged 0.04% to 2026.83. Attenuation experienced Hyndai shares fell 2.3% Department Store and Lotte Shopping down 2.7%.

While stocks showed gains in banking sektro Australian stock exchange. But the ASX index dragged down stocks of natural resource sector. This is due to the weakening Australian dollar. Stock contractor, Leighton Holdings rose 0.4%.

China's shares ended lower with the country's economic slowdown. Shanghai index down 1.15 to 2349.54 or the lowest level in the past month. For the Hang Seng index fell 1.1% led by bank shares. Agricultural Bank of China shares down 0.3% m AgBank fell 3.1% in Hong Kong stocks followed by the Industrial and Commercial Bank of China dropped 0.1%.

While Singapore and Malaysia markets remained strong until the closing. STI index rose 0.3% to 2990.08 and idneks KLSE rose 0.1% to 1585.

News and Review of European Economic Zone

Squashed Euro and Yen Recession Issue

Friday, March 23, 2012

In general, movement of the world market today (Friday, 23/3) are not much different from yesterday's session of the market movement still in negative territory.

For the major currencies, especially the single currency Euro, looks back down because of the fundamental figures emerging euro zone re-present fears of recession in the region. INR to weaken in the area of ​​$ 1.3205 after briefly sank to $ 1.3188 in morning session.

March PMI data released yesterday which surprisingly showed a deeper contraction in the manufacturing and service sectors in the euro area, the condition is due to be dragged by the decline of manufacturing activity manufacturers of Germany and France. And the market is now considered that the weakness of the PMI numbers increase the risk of recession in the region and will complicate the settlement of the debt crisis.

Euro more depressed after the dollar (USD) rally associated data that showed U.S. jobless claims decreased last week to the lowest level in 4-years. So due to these conditions, the Euro continued decline for three consecutive days until Thursday. Increasing burden of CAD because of depressed also by the strengthening of the Yen.

News and Review of European Economic Zone

Euro Rebounds; Goyahnya Amid Consolidation Moves Against EU Investor Confidence

Friday, March 23, 2012

Euro Index in trading today (23-03,04.01 GGMT) generally tracked showed movement rose against several other major currencies. After opening at around 104.58 in early trading (00:00 GMT) has edged up + 8 pips or about 0.08% and at the time of this story down the rolling observed in the range of 104.66.

Performance of the manufacturing sector for the month of March in the EU as a surprise decline, mainly influenced by a sharp decline in economic activity in Germany and France. Purchasing Managers Indexes Data are reported yesterday showed an alarming rate, and shook investor confidence that the EU can avoid recession this year.

Furthermore the survey results also indicate the occurrence of corporate downsizing in the EU, and increase the number of residents who lost their jobs.

The Italian consumer sector data to be released today by the statistics office ISTAT, is expected to show positive performance. Retail sales for January are expected to be improved to 0.2% of the value of -1.1% in January. Normal range on day Euro index is expected to have a support level at around 104.12 and resistance level at around 105.14.

News and Review of European Economic Zone (UK)

Sterling biased weakness - Bednarik

Friday, March 23, 2012

Sterling hit strongly related to risk aversion following the action of UK retail data release today, shows a further weakening of the investors.

Sterling reached 1.5770 level before returning to normal, end the session at 1.5819, down from 1.5871.

In Asia alone, seen posted by Sterling Friday's risk aversion and the data follow the British consumer confidence. Sterling moved within a limited range at 1.5815/25 today, with the support level was recorded at 1.5800, 1.5770 and 1.5730. While the level of resistance in the range of 1.5830, 1.5965 and 1.5890.

"On the hourly chart, Sterling biased weakness, held under the SMA-20 level and some indicators of the price move down below the middle, while in the longer term is still lack of clarity Sterling direction of movement", said Valeria Bednarik, chief analyst at FXstreet.com. "Sterling should be clearly penetrate the lower level that has been mentioned earlier in the 1.5770 to 1.5730 while continuing to fall just above 1.5830 then move down will be ignored in the short term".