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Gold corrected after the release of Chinese PMI data

Thursday, March 22, 2012

Gold prices declined slightly today, floating in the range of 1650 dollars per ounce as signs of U.S. economic growth and shrinking of Chinese manufacturing.

Throughout this month, gold prices fell 2 percent after the Fed diminish expectations for an easing of policy at the last statement. Data released recently showed the U.S. economy recovers superpower.

However the some experts say that the global economic crisis is still looming and the euro zone crisis might spread again. U.S. economic recovery is not a guarantee, especially after the slow development of Chinese economy.

Global economic uncertainty make gold safe havennya successfully defended his title, although a few times as the decline in financial assets fell.

China's manufacturing activity shrank in March, a decline for five consecutive months. Orders also fell to its lowest point during the last four months. lack of data is likely to end the dollar's decline and boost sentiment for gold.

Spot gold declined slightly in the range of 1,649,69 dollars per ounce, down from its intraday range of 1656.69 dollars per ounce. U.S. gold flat in the range of 1649.70 dollars per ounce.

Sales of physical gold are also quiet today due to flagging interest in China's retail sales. This week gold was in the range between 1635 dollars to 1670 dollars per ounce.

Platinum was in the range of 1633.96 dollars per ounce. palladium in the range of 680.97 U.S. dollars. Both metals are suppressed weak predictor of economic growth and industrial activity. Platinum-gold in dollars per ounce ksiaran16.

News and Economic Review Zone Asia (Japan)

Ahead of the afternoon, the Nikkei Stable

Thursday, March 22, 2012

By noon, the movement of the Nikkei index remained stable despite low trading instructions. The index rose 2.72 points to 10.020. "Technically the stock price remains at a low level, it is a sell-off looks minimal," according to the equities trader.

"Entering the final month of March continued to lose market driving factors yaang due to earnings season will begin in early April," he added. Market trading volume of only 1.2 billion shares with a large scale such as Softbank shares +2.7% to Y2, 456, Fanuc -1.4% to Y15, 140, and Komatsu -1.5% to Y2, 387. Mitsui Fudosan -1.9% to Y1, 575, Nomura Holdings -2.3% to Y387.

News and Review of European Economic Zone

Worst Crisis Has Ended Europe: Draghi

Thursday, March 22, 2012

Europe experienced its worst crisis has ended and the European central bank, the ECB will take action at the risk of growing inflation, the ECB said the governor, Mario Draghi, told a German newspaper that the release this Thursday, trying to dampen tensions rising prices.

Draghi added that there is no immediate threat is inflation of two operational long-term borrowing undertaken in recent months the ECB has launched a fund of more than 1 billion euros into the financial markets.

By praising Germany as an example for Europe, Draghi said that the economy relies on 17 European countries to make the Euro hold crisis.

"If inflation expectations re-occur, we will immediately take the precaution," said Draghi told the daily newspaper Bild.

But he re-add a: "If there is no increase in oil prices and the increase in taxes from the government, inflation is still going steady at 1.5% for several months".

News and Review of European Economic Zone (UK)

Sterling Nearly Flat Ahead of Retail Sales

Thursday, March 22, 2012

Session until noon on Thursday (22/3) Sterling had eight hours more just to move sideways in the range between 1.5850 s / d 1.5880 after thrown from the highest level in 2-weeks in the previous session.

Tergerusnya GBP mainly triggered by the release of policy meeting minutes last Bank of England lending data dovish and British public sector rose above expectations. While the 2012 budget plan presented to the Finance Minister George Osborne is still largely considered to be neutral for the Sterling.

The trader who has been bullish on Sterling had to swallow disappointment again after the central bank meeting minutes at the beginning of this month showed that some policy makers are calling for the addition of further monetary stimulus. While investors would anticipate a negative return because today was due to release of data on retail sales are predicted to be worse than the previous period.

Retail sales numbers (m / m) England is expected to worsen in the level of -0.4% from 0.9%, while for the outside of the fuel (m / m) is predicted to decline 0.6% from 1.2%. As a result, of the fundamental figures add to the disappointment of investors are increasingly making it more likely they will release the first position until the situation is conducive. But the decline in Sterling may be a good opportunity to buy for those who like to speculate.

News and Review of European Economic Zone

Euro Rebounds In Ascending Triangle, Expect Improvement in Manufacturing and Services Sectors

Thursday, March 22, 2012

After moving down in trading yesterday, the Euro today (22-03, 04:16 GMT) turned higher against other major currencies. Opened at 104.67 in early trading (00:00 GMT) has rebounded about + 9 + pips or about 0.09% and the scrolling seems to be in the range of 104.76.

Meanwhile, yesterday reported the performance of European stocks fall, dragged down by weak reports the U.S. housing sector. DJ EURO STOXX 50 index on the monitored closed down about -0.64% at 2503.00, the UK stock index futures FTSE 100 fell by about -0.27% at 5833.50. While the French CAC index of 40 futures exchanges reportedly closed down -0.35% to 3527.50 and Germany's DAX stock index futures were reported closed down -0.17% at 7088.50.

Flash Manufacturing PMI Index will be released this afternoon, is expected to increase to 49.6 from 49.0, and thus also expected to Flash Services PMI rose to 49.3 from 48.8. Normal range of movement of the Euro on the day the index is expected to have a support level at around 104.41 and resistance level at around 105.09.

Saudi Arabia Can Raise Oil Output 25%

Wednesday, March 21, 2012

Saudi Arabia can increase oil production by 25% immediately if necessary, according to Oil Minister Ali al-Naimi. Al-Naimi's comments seem to want to ease concerns over tight supplies of oil that has sustained rally lately. Financial sanctions imposed by Europe and the U.S. have managed to lose Iran's oil exports, and this could make the market concerned.

"I want to reiterate, there is no shortage of oil supply. OPEC oil pump is only required for the market, we have an additional capacity of 2.5 million barrels," said al-Naimi. "Saudi Arabia's oil production capacity reached 12.5 million barrels per day and now we have to pump 9.9 million barrels per day. Saudi Arabia could even increase capacity to 15 million barrels of new oil fields to use if necessary. "

While Nymex oil prices have not changed much in the New York session. Oil is now trading $ 106.38, not so far from yesterday's closing level of $ 106.34

News and Economic Review Zone Asia (Japan)

Return to Reach Area USDJPY 84.00

Wednesday, March 21, 2012

Japanese Yen currency depreciation still seems unstoppable, which delivers the USDJPY back above 84.00 level on Wednesday ahead of U.S. housing data release, as well as Fed Chairman Ben Bernanke's speech that may be able to provide further clues about the direction of the Federal Reserve's latest policy.

USDJPY shot more than 50 pips sdari daily lows at 83.53 to touching the strongest level since March 15 at 84.09. USDJPY is currently offered in the range of 84.00, or about 0.35% above its opening price on Wednesday.

"Momentum indicators are likely to be negative did not deter the pair moved through the 83.70 resistance level is crucial to try to test the 84.15 area," according to ecPulse.com analyst team. "The movement is forcing us to change our neutral view, given the potential for USDJPY continued to increase up to 85.00 zone for the rest of today. But straightforward penetration is required above 84.15 to confirm the bullish scenario.

News and Review of European Economic Zone (UK)

Annual budgets Also Be Factor Activator British Pounds

Wednesday, March 21, 2012

The focus of market participants, especially Pound Sterling today will be focused on the UK government's budget which was presented before the Parliament at the same time the announcement of Britain's annual budget to be submitted by the Finance Minister of England, George England.

Expectation is there will be a reduction of taxes on residents who have incomes above? 150.000 from 50p to 40P, but there is still a risk of tax increases amid the focus of the government's austerity budget in order to reduce the level of state debt.

Last week, ratings agency Fitch Ratings warned that the UK budget will confirm the commitment expected from the government to reduce the deficit.

Fitch has changed the outlook for Britain's credit rating from stable to negative, because there are still opportunities in the UK AAA rating downgrade two years amid the risk of European debt crisis and sovereign debt level is high enough. In addition Fitch has also added the decision of this outlook change reflects the fiscal constraints the UK to absorb the economic shock following the debt level is already high.

News and Review of European Economic Zone (UK)

BoE Minutes eclipsed Sterling Performance

Wednesday, March 21, 2012

Difficulty maintaining the strengthening of sterling after BoE minutes show a willingness to add monetary stimulus to help restore the UK economy. GBP / USD is now trading 1.5857, 1.5923 daily high level away from

News and Review of European Economic Zone

Acceptance of the Greek bailout vote, accompanying the increase Euro

Wednesday, March 21, 2012

The euro strengthened against the yen on Wednesday session, as investors hunt for European currencies following the approval of the Greek parliament to accept the bailout fund and the savings are well in between.

In Asia trading session on Wednesday, the euro strengthened against the yen monitored, up 0.34 level touch 111.07, trading between 110.64 and leval below the top level session session at 111.10.

Greek parliament chose to approve the government plan to take bailout money from the current loan scheme, including the 130 billion euro rescue fund approved by the European Union, European Central Bank and International Monetary Fund earlier this year.

The move would bury the fears about the reaction to the austerity measures demanded of European countries and multilateral creditors in return for aid.

Approval must set the pace for the increasing demand for European assets such as stocks and other securities, which is bullish for the euro.

The news eased fears stemming from comments made by global mining giant BHP Billiton, which predicts China's demand for iron ore, the main ingredient for making steel, is likely to be flat by the year 2020 after jumping from 2000 to 2012.

The euro, meanwhile, tracked the dollar rising against the pound and Australia. Against the pound, the euro rose 0.26 percent to a level of 0.8358 and the euro strengthened against the Australian dollar, up 0.01 percent at 1.2620 level.

Gold falls as positive data from the U.S.

Tuesday, March 20, 2012

Gold fell today as the positive data issued by the United States. In addition, profit taking in gold prices also weakened. Hope of a global policy easing has raised interest in gold investment. This year, gold prices rose 14 percent close to the range of $ 1,800 per ounce.

Spot gold fell 0.3 percent to 1656.31 dollars per ounce range, ending a three-session losing streak. U.S. gold fell 0.6 percent to 1656.60 dollars per ounce. today's gold price forecast to break through 1671 dollars per ounce.

Physically, the sellers of gold in India plans to close their shop the next two days, to extend their protest against the rise in gold import taxes which dimumkan government last Friday.

SPDR Gold Trust, the storage company's largest gold reserves in the world, said the gold reserves they are not corrected in the range of 1293.268 tonnes during the last five sessions yesterday, while gold prices had dropped sharply last week.

Silver investors banked on the photovoltaic industry to create interest in the metal gained in recent years. Spot silver dropped 1.7 percent to around 32.65 per dollar

News and Economic Review Zone Asia (Korea)

Stimulants minimal, Kospi lost

Tuesday, March 20, 2012

Kospi closed down 0.2% to 271.90 in the middle of the lack of driving with a gain factor of Samsung Electronics and mining shares are pushing the movement of the index. "Samsung Electronics closed at a record high due to expectations of strong Q4 earnings results and soaring costs of DRAM while mining stocks to reap a profit after being weakened," said Oh On-su, an analyst at Hyundai Securities.

Among stocks that gain, Samsung Electronics +0.6% to KRW1, 267.000, SK Innovation +3.2% to KRW175, 000 and S-Oil Corp. +3.0% To KRW122, 000. Auto and shipbuilding shares plunged due to profit-taking, Hyundai Mobis -0.7% to KRW283, 000 and Daewoo Shipbuilding & Marine Engineering -1.0% to KRW34, 050. If the release of construction data and the strong U.S. sales, the stock market will react positively, "said Oh.

News and Review of European Economic Zone

Swiss industrial production rose sharply

Tuesday, March 20, 2012

Swiss industrial production rose 7.9% in the fourth quarter of 2011 after the previous quarter fell 1.4%, according to data released by the Swiss Statistics.

Previous analysts expect a lower growth of 0.4%.

On an annual basis, the Swiss industrial production fell 1.4% in the fourth quarter 2011 compared with the attenuation recorded in the previous quarter and also higher-than-expected weakening of 2%

News and Review of European Economic Zone

EURUSD: Test Resistance at 1.3243

Tuesday, March 20, 2012

Visible movement of EURUSD is testing a strong resistance area where if the price broke through the resistance 1.3243 then there are chances of 1.3299 resistance will be the next target movement. But beware as well as stochastic indicators are bearish divergence condition there is a tendency that prices will move down towards 1.3186 support.

News and Review of European Economic Zone (Spain)

Spain Rising Bad Debts

Tuesday, March 20, 2012

The ratio of bad loans in the Spanish banking sector rose to its highest level in 17 years as the biggest weakness of economic activity 4 in the euro zone. Data released by the Bank of Spain showed 7.91% of bank lending, worth? 140.03 billion, has been in arrears for more than three months. This is the highest ratio of bad loans since November 1994 and far exceeds the normal level of 1% in 2008 when the Spanish property bubble has not burst.

Data also showed reduced lending 3.2% in January; indication of banks are still reluctant to lend due to tight liquidity and protracted economic slowdown in Spain. Bank of Spain also predicted the ratio of bad loans will increase during the year 2012 given the Spanish economy would contract by 1% for this year.

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3197, 1.3244 daily high level away from

Gold prices rebound from last week's decline

Monday, March 19, 2012

Gold prices rise to record this day, in line with the stock market and oil prices. At 13:14 pm Singapore time on the spot market price of gold rose 0.3% to U.S. $ 1665.18 per troy ounce.

Throughout last week, gold prices fell 3.1%. In fact, on March 14 last, the gold price could hit U.S. $ 1,634.53 per troy ounce. This is the lowest level since January 16 last.

While the price of oil contracts for April delivery rose 0.6% to U.S. $ 1665.10 per troy ounce on the Comex in New York.

There are a number of factors driving gold prices today. One of them, investors speculated, the data will be released this week will continue to show positive signals. For example, data on U.S. home purchases in February is predicted to rise to its highest level in two years. While in Europe, finance ministers were discussing the possibility of a combination of bailout funds for European crisis management.

"The economic data that will be released this week seems to still be positive. For the time being, the price of gold would be traded sideways. For, although the price of gold could rally because of the risk assets, however, can also be depressed gold price as low demand for gold," said Sun Yonggang , an analyst at Everbright Futures Co.

News and Reviews Asia Economic Zone (south korea)

Woori Finance Holdings led the increase KOSPI

Monday, March 19, 2012

Seoul shares rose today after the U.S. market experienced its best weekly gain in three months last Friday. However, this increase is limited because investors do not want to lose the momentum to take advantage.

Compostie Korea Stock Price Index (KOSPI) rose 0.21 percent to 2038.62 range.

Soerang experts say that the foreign and institutional investors are aggressively buying in the previous session, but when the KOSPI range approaching 2050 levels, investors will soon make profit taking due to the recent rise seems very slow.

Foreign investors bought shares of a 42.7 billion won, but institutional investors reduce the rise in the KOSPI by selling its shares for 26.2 billion won.

KOSPI rise today led by financial shares. Woori Finance Holdings rose 2.61 percent, rallied for a fifth consecutive session after the announcement last week stating that the government will reset the submissions of 4.9 billion sale of its U.S. dolarn. Hana Financial Group rose 2.2 percent while Korea Exchange Bank rose 2.28 percent.

Help gemilangnya KOSPI rise, the construction company's shares also gained as many construction bids from abroad, mostly coming from the Middle East. GS Construction rose 3.9 percent, while Daelim Industrial rose 5.93 percent.

Kia Motors shares fell 1.67 percent after the second largest automotive company in South Korea said they would suspend production in Georgia on Monday and Tuesday, without giving further reasons. The announcement was made ​​a report of fire in a production line their parts suppliers in America.

News and Review of European Economic Zone

Potential support for European unification Rescue Institute Push Up Euro

Monday, March 19, 2012

In trading Monday seems to have the euro exchange rate movements tend to be limited to the U.S. dollar (19/03). Nevertheless the euro is still trying to continue rising against the U.S. dollar supported by expectations that European officials will discuss the combination of a rescue European institutions in order to build financial bentng in the euro area.

Expectations of financial austerity program of Italy are also likely to occur. This week the Italian Mario Monti PM reportedly to hold talks with unions and employers to revise the labor law.

In today's trading the euro exchange rate seems to have increased and traded at 1.3177 dollars a position. The euro moved higher than the position of the close of trading last week that was in the position of 1.3166 dollars. Movement of the euro this morning appears limited because market players are still waiting for the certainty of the next European crisis management program.

News and Review of European Economic Zone

Euro touch its strongest level against the yen in 4.5 months

Monday, March 19, 2012

Movement of the euro this morning hit the most powerful in the last 4.5 months versus the yen. This morning, the euro touched 110.15 yen positions. This is the strongest level since last October 31, 2011. At 10:02 pm Tokyo time, the position of the euro was little changed from its March 16 in New York that is 109.95.

In the meantime, if dealing with the U.S. dollar, the euro exchange rate was in the position of U.S. $ 1.3170 from U.S. $ 1.3175 on March 16 last. While the yen weakened to 83.47 per U.S. dollar positions from the previous 83.43 per U.S. dollar. On 15 March, the yen was perched on the position of 84.18 per U.S. dollar, which is the weakest level since last 13 April 2011.

Might the euro this morning, allegedly linked to German Chancellor Angela Merkel's statement explaining that European leaders had discussed to combine the bailout funds in the European region.

"The market will welcome the positive combination of the two financial bailout plan. Rare anything that is intended to overcome the debt crisis of Europe will be well received. It is also a positive impact on the euro," said Sean Callow, senior currency strategist at Westpac Banking Corp. in Sydney.

News and Review of European Economic Zone

PIMCO: Portugal So Greece Next End 2012

Monday, March 19, 2012

Chief Executive of the company's bond fund giant PIMCO estimates that Portugal will be the next euro zone countries will experience a fall.

This is quoted from an interview on Reuters.com German weekly Der Spiegel. When asked if he expected the next Greece Portugal had become by the end of this year, Mohamed El-Erian told the magazine: 'Yes, unfortunately it will be the case. ".

Portugal's economy is expected to fall 3.3 percent this year - the deepest decline since the 1970s - due to the government to implement austerity measures in the bailout of 78 billion euros (U.S. $ 103 billion) of the European Union and International Monetary Fund. El-Erian, co-chief is also PIMCO said that the first bail-out package will be sufficient Portugal, encouraged to ask for more funding of the EU and the IMF.

"Then there will be a big debate about how to divide the load between the European Union, creditors, the IMF and European Central Bank. And then the financial market will be nervous because they are worried about the participation of the private sector," he said.

El Erian said this year will show whether the euro zone will fall apart or become an entity smaller but more powerful, with the first option to be 'less but definitely not to be ruled out'. He expects the euro zone could emerge from the crisis very quickly if its members 'finally took the initiative'.

Although approaching level 106, the oil will record weekly drop

Friday, March 16, 2012

Crude oil moved up slightly in Friday's session, finding support after an Obama administration official denied reports that the U.S. and Britain have agreed to release strategic oil reserves and at the time the actors paasr consider an unexpected drop in U.S. consumer sentiment.

Light sweet crude oil futures contracts trade in April rose 72 cents, or 0.7 percent, to $ 105.83 per barrel on the New York Mercantile Exchange. Price trading down about 1.5 percent this week.

On Thursday, the contract of sale for the next month, but ended down 32 cents down at $ 103.78 level after Reuters reported that Britain and the U.S. have been discussing the possibility of releasing strategic oil reserves to ease the burden of rising crude oil and gasoline prices.

Consumer sentiment dipped to 74.3 in March from the beginning to the last level of 75.3 for the month of February, according to a report by the University of Michigan index / Thomson Reuters Friday.

Data released Friday morning by the U.S. Labor Department showed that consumer prices rose 0.4 percent in February, with core prices up 0.1 percent in seasonally adjusted.

Also on this day, the Federal Reserve reported that output of factories, mines and utilities was unchanged at last month, below Wall Street expectations with a rise of 0.4 percent.

News and Economic Review Zone Asia (Japan)

Nikkei Stronger, Maintain Positive Trends

Friday, March 16, 2012

Japanese stock market for trading today (16/3) closed up again. Maintained a positive trend again after shares rose after the responding exporters rising manufacturing data and falling U.S. jobless claims are released overnight. The improvement in both the data signaled that the chances of improving the U.S. economy is still wide open.

Nikkei index increased by 0.1% to 10129.83 basis points. While index futures has increased by 32 basis points to 10 070 points with the support level of 10 018 points and resistant level of 10 080 points. The broader Topix index rose by 0.4% to 866.73 basis points.

The shares of which is to increase Nippon Yusen shares rose 6% to 267 yen, Mitsui OSK Lines shares rose 2.7% to 383 yen and Kawasaki Kisen shares rose 3.4% to 181 yen.

News and Review of European Economic Zone

Europe firmly in the opening exchanges, depressed automotive

Friday, March 16, 2012

European stock markets traded in a fairly tight range at the opening of the trading session Friday, with the increase of the increase in mining and banking sectors as the automotive sector under pressure.

Europe Stoxx 600 Index rose 0.1 percent to the observed level of 271.38, with shares of Iberdrola SA and Veolia environnement SA led the increase, each of which rose 1.6 percent.

Tullow Oil PLC shares rose 1.4 percent on a pretty good update. Auto stocks fell, with shares down 1.6 Daimler AG and Porsche Automobil Holding eprsen SE fell 3.3 percent after Bernstein dongrade shares.

German DAX 30 index flat at the level of 7,145,77. France's CAC 40 also recorded at the level of 3678.48 flat as well as the UK's FTSE 100 index was also recorded at the level of 5945.60 flat.

News and Review of European Economic Zone

European markets opened flat

Friday, March 16, 2012

European stock markets did not move much on Friday as the consolidation of post-market rally rather sharply in recent weeks, largely propped up the U.S. economic data is more positive.

At the same time, market participants are increasingly optimistic about the prospects for economic growth in the euro zone. UBS for example, has revised its expectations for the euro area GDP growth to -0.4% from -0.7% previously predicted. UBS estimates for the UK rose 0.6% growth in 2012 than the previous estimate of -0.1%.

The economic calendar today is awaited by European investors, among other European countries report the trade balance, and continued U.S. CPI report, Industrial Production and U.S. consumer sentiment report.

In addition, stock market futures contract expiration and options contracts should trigger fluctuations in share prices on Friday.

News and Review of European Economic

Immediately Drizzle Fresh IMF funds; Euro Continue to Rebound

Friday, March 16, 2012

Index Euro on forex trading today (16-03, 06:05 GMT) tracked moved higher. The currency opened at the range of 104.19 in early trading (00:00 GMT) and had a thin boy of about + 4 pips or about + 0.04% and the rolling observed in the range of 104.23.

Accompany the development of the International Monetary Fund (IMF) announced it had approved loans amounting to 28 billion euros as part of the second wave of bail-out program for Greece. The agency also stated that funds amounting to 1.65 billion euros will be disbursed immediately and within the shortest possible time.

IMF Managing Director Christine Lagarde confirmed that Greece faces significant challenges with having a large competitiveness gap, public debt is large and well capitalized banking system is weak. For that Mrs. Christine Lagarde convinced that the IMF could help Greece to face these challenges, as long as a member of the European Union.

In today's trading Italian statistics office is scheduled to release the latest data on trade performance and the data expected to show a trade surplus of around 1.62 billion euros in January. Normal range of movement of the Euro today is expected to have a support level at around 103.94 and resistance level at around 104.41.