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Gold Support Out Sentiment

Thursday, March 15, 2012

Investors buying today bolstered the performance of gold prices during Asian trading session. Anti-inflation precious metals are now engaged in positive territory after the decline overnight.

Physical buying in Asia helped the performance of gold prices. But consistency is not visible, so the price has not been a pretty solid prospect. The contract price is currently looking at $ 1640.86 or slightly weaker than a few hours ago. The spot price had climbed to $ 1644 before again falling. Sentiment is still bearish on the market considering the potential of diminishing the positive sentiment. Expectations of quantitative easing in the U.S. fail to occur due to an improved rate of the economy. While the threat of inflation in some countries also diminished so that there is no sentiment that could lead to price increases. Support for gold is at $ 1600 per ounce.

News and Economic Review Asia Zone

Dollar higher, Asian markets sluggish

Thursday, March 15, 2012

The U.S. dollar rose to its highest point since last 11 months against the yen before U.S. data expected to show manufacturing is rising and falling unemployment filing. Asian bonds fell, while the Chinese market and depressed copper prices.

The dollar rose 0.5 percent to 84.12 per yen. U.S. economy predicted to rise 2.2 percent in 2012, 1.7 percent higher than last year. while China's stock dropped after the drop in foreign investment last four months. Chinese premier lowered their economic growth targets and rejected any easing of policy in the property sector.

The dollar touched its highest point in four months against the euro in the range of 1.3020 today due to the fading hopes of easing the policy of the Fed. Yen down compared to 16 other currencies.

Pound fell 0.2 percent to 1.5646 per U.S. dolr after the Fitch Ratings said yesterday that Britain risks losing its investment rating if they are weak economic development and increasing the country's debt.

Peso fell 0.5 percent to 43.092 per U.S. dollar. Thai baht fell 0.2 percent to 38.81 and South Korean won fell 0.2 percent to 1128.25 per U.S. dollar.

News and Review of European Economic Zone (UK)

Pound worry about Unemployment

Thursday, March 15, 2012

Pounds have turned lower against the U.S. dollar on Wednesday after the release of government data showing the number of British people who apply for unemployment benefits rose more than forecast in February.

Based on the report of the National Statistics Office in London, jobless claims rose by 7200 to 1.612 million last month, which exceeded expectations for an increase of 5,000 from the economists. Number of claims continues to increase throughout the past 12 months also hold the unemployment rate at 8.4%, which is a 13-year highs.

"These figures illustrate that labor market conditions as a whole remains bleak, with high rates of unemployment and wage growth weakened sharply," said Samuel Tombs, UK economist at Capital Economics.

Meanwhile, Sterling is able to continue the appreciation it up to its strongest level versus 1-month Euro due to the prospect of the UK economy is relatively better than the Euro zone. Improvement in some recent data, such as retail sales and home prices, has reduced the risk of collapse of the UK economy into recession and reduce the chances of further QE of the Bank of England.

News and Review of European Economic Zone

EUR / USD printing session highs, the focus on 1.3060

Thursday, March 15, 2012

Currency bloc is posting new session highs at 1.3055 area as the greenback is grinding lower on Thursday.

In a move anticipated good, Eurogroup has approved a bailout package worth two Greek? 130bn, although market analysts coincide in a circle of uncertainty about the future of the Greek republic of fundamental country after the general elections due April.

A map light in the front waiting for the day, because the employment data in the pan-European region in Q4 just as in Europe. The U.S. will release the weekly employment figures, PPI, NY Empire State index of men and TIC flows.

In this paper, advancing 0.20% to 1.3046 with next resistance at 1.3090 (high-Mar.14) ahead of 1.3122 (res per hour Mar.13) and 1.3192 (high-Mar.13) and 1, 3213 (alt per hour sup ​​/ res).

Breach of 1.2974 (low Feb.16) would bring 1.2955 (61.8% from 0.12624 to 1.3487) and 1.2931 (low Jan.25) and 1.2839 (low Jan.19).

News and Review of European Economic Zone

EUR / USD on a bounce from 3-week low, below 1.3050

Thursday, March 15, 2012

EUR / USD is on a bounce from 3-week low at 1.3001 since Hong Kong was opened, rose a modest 0.23%, sending the pair back to the previous price close to NY, and the lowest in Asia yesterday, around 1.3035.

Local stock market has been flat on the other side the same time, this time mixed after opening higher, by now some of them in red. The Nikkei was up 0.41% slightly below the 10 100, while the gold make the round trip back to the opening price after hitting the bottom at session lows of $ 1636.

For the nearest term resistance to the view upside down with the final price of about 1.3035 as before the opening price of Asia and the Asia-Pacific session lows yesterday and retrace of 1.3090/1.3003 0.38 feet down intraday, followed by the 1.3055 lows yesterday as Tuesday and retraced .618 of the same foot. To the downside, immediate support comes at the end of a fresh 3-week low at 1.3003, followed by 1.2980 area as low as December 16 and 1.2930/40 as 14/Jan 19/Feb December 25.

Gold: Correction Day-3

Wednesday, March 14, 2012

Gold was up the attenuation for day-to-3 in a row on Wednesday (14/03). Interests risky return hit the market and investors more interested in the shares.

Gold for April delivery fell $ 16.50 or 1% to as low as $ 1,677.90 per ounce in mid-day. Up at 13.15 pm, even gold has fallen back to $ 1671.70.

Thus, anti-inflation precious metals extend the correction post-fixed interest rate decision by the Fed and the waning of the possibility of monetary easing in the United States. The issue of quantitative easing increasingly blurred because of the labor sector and macroeconomic Americans tend to improve. As a result, gold began to lose favor by the owners of capital in the market. While the price of silver is also treading a similar performance, slid 17 cents, or half a percent, to $ 33.41 per ounce.

News and Economic Review Zone Asia (Japan)

Nikkei Strong and Successful Skip Level 10 000 points

Wednesday, March 14, 2012

Tracked the movement of the Japanese stock market closed rose in trading today (14/3). Like yesterday, the stock movement is dominated by the rise in share prices of exporters and banks are stimulated by a conducive trading on U.S. stock exchanges. Overnight Fed said that the arrest of the benchmark interest rate at 0.25% position provides an opportunity for the U.S. economic stability.

Nikkei index closed up by 1.9% to 10085.54 basis points. While index futures has increased by 84 basis points to 10 020 points with the support level of 9994 points and resistant level of 10 049 points. The broader Topix index rose 1.7% to 859.36 basis points.

The shares of which is to increase Toyota shares rose 2.3% to 2.3% to 3495 yen, Honda Motor shares rose 2.7% to 3185 yen and Sony Corp shares rose 5.1% to 1789 yen.

News and Review of European Economic Zone

Euro worse off

Wednesday, March 14, 2012

Weaken the dollar buying EUR / USD, according to senior bank trader in Tokyo. The next support level at 1.3020 euro. "It has become common if the euro fell as the dollar strengthened," he added.

The euro was below the 1.3052 level, teredah level since February 16. Currency moves away from the high level at 1.3090. Currently the euro at 1.3034. EUR / JPY at 108.48 from a high level at 108.80. Traders in major Japanese bank said the currency cross is released as the weakening JPY Shanghai index post comments Chinese premier, Wen Jiabao said that China's property prices are still not affordable, and China will not loosen the implementation of the control property prices.

News and Review of European Economic Zone

Euro Flat, Rivalry With U.S. Dollar Still Give Pressure

Wednesday, March 14, 2012

Euro Index today (14-03) observed is still moving flat against several other major currencies. Euro Index opened at around 104.07 in early trading (00:00 GMT) has been shifted + 0.01% and the rolling observed in the range of 104.08.

Monthly reports industrial production is expected to demonstrate improvement in performance and expanded by 0.8% in December, where the sector showed a disappointing performance and contracted -1.1%.

Nevertheless Euro movement challenged mainly from the positive sentiment towards rival, the U.S. dollar, the potential tends to strengthen after the Fed in early this morning delivered an encouraging outlook on the U.S. economy.

Normal range of movement of today is expected to have a support level at around 103.71 and resistance level at around 104.87.

News and Review of European Economic Zone

European exchanges Opportunity Positive

Wednesday, March 14, 2012

European stocks trading on Wednesday (3/14/2012) is predicted to strengthen with the expectations of most U.S. financial institutions to pass the test or stress test.

FTSE index rose 29 points, potentially, will the DAX rose 27 points, and potentially the CAC rose 10 points. So quoting cnbc.com.

The Federal Reserve was forced to announce the results of stress tests two days ahead of schedule after JPMorgan Chase announced that it has passed the test. Although some companies such as Citigroup fail. These results are in line with the Fed meeting that gave little positive sentiment towards the U.S. economy. Although the decision did not provide further monetary stimulus.

British finance minister, George Osborne said he would prepare for the 100 years of gold reserves in the next week. The move is intended to take advantage of low interest rates in the country at the level of 0.5% since last three years.

Today there will be the Italian government bond auction from 5 to 6.5 billion euros, or U.S. $ 8.48 billion for a period of three years.

Asian stocks rose today as the majority of Hang Seng index rose 0.1%, the Nikkei rose 1.5%, the Shanghai index down 2.2%, ASX index rose 0.9%.

Rose gold, platinum prices skyrocketed beyond gold

Tuesday, March 13, 2012

Gold rose for the fourth time in five days as the strengthening of Asia and commodity exchanges before the meeting of the Federal Open Market Committee and the Greeks were preparing to receive bailout funds the second phase.

Spot gold rose 0.2 percent to 1705.40 per U.S. dollar after being down 0.7 percent yesterday as the strengthening of the dollar price of the data from the job market better than estimates by experts.

On 29 February, gold has the most severe since the daily penurunanya 2008 ago after the Fed chairman did not give a sign of further policy easing from the Fed that makes the dollar soared. The dollar declined slightly today against six other currencies including the euro and yen.

Euro-zone finance ministers today approved a bailout for Greece and will give its official approval on 14 March, one day before the IMF to contribute. This makes the stock market and commodity excited.

Spot gold with a purity of 99.99 percent on the Shanghai Gold Exchange declined slightly in the range of 346.98 yuan per gram to improve the previous 0.6 percent decline.

Platinum rose above the price of gold for the first time since last September due to fears of reduced production in South Africa and the development of the global automotive industry. One ounce of platinum can buy 1.0007 ounces of gold yesterday, the highest price since Sept. 19. Platinum to gold ratio in the range of 0.9967.

Platinum climbed for the fifth day, the length of the rally since October, rising by 0.5 percent to 1703 dollars per ounce. This year, platinum rose 8.2 percent. Spot silver rose 0.2 percent to 33.7175 per ounce, up 21.1 percent this year. While palladium is not corrected in the range of 701.75 dollars per ounce.

News and Economic Review Zone Asia (Japan)

BoJ Hold Interest, Euro Stay away from High Level

Tuesday, March 13, 2012

Announcements post BoJ interest rate, the euro pulled back to 1.3148 level. BoJ does not implement the new policy measures which it considered disappointing the market. Equities declined, USD and the yen rose. EUR / USD at 1.3168 after touching a low level to 1.3148, away from the high level at 1.3192.

Ecofin meeting is still running with the current market interest in the Spanish-derived deficit from 5.8% to 5.3%. Euro area economic data begins with the number of French and Italian CPI respective maing at 13:30 pm and 16:00 pm. Then the German ZEW economic sentiment survey at 17.00 pm which is expected to increase after the governor of the ECB, Draghi held a press conference at 18.30 pm with the Italian bond auction goes all day.

The market focus will shift to the U.S. retail sales figures will be released at 19.30 pm last FOMC meeting at 1:15 pm (Wednesday morning).

Resistance at the 1.3230 level (high level March 6) with the support level at 1.3100 and 1.3080, 1.3030 (February low level).

News and Review of European Economic Zone (UK)

RICS: Strengthening the UK's strongest house price

Tuesday, March 13, 2012

UK house price index rose kelevel highest in 19 months for first home buyers rushing before the expiry of tax holiday property, as stated by the Royal Institution of Chartered Surveyors.

Numbers obtained from a survey conducted by the RICS showed a rise of three points sebleumnya months at minus 13, the strongest since July 2010 as stated in a statement today. But the numbers are still below zero, this indicates that the surveyor to see more weakening than strengthening months ago.

This figure shows how most Britons take advantage of the tax holiday property in the last 2 years for first home buyers at prices below? 250,000 ($ 390,800) before ending on 24 March. In addition to increasing the activity, the improving economic outlook pushed the price for long-term expectations, while tighter lending conditions.

RICS hopes the price index for the three months up to zero in February from minus 14 in January, while the figure for next year is expected to increase to 11 from minus 4, the first estimates are above zero in almost two years. Sales forecast remains at 20. RICS index for demand rose from 3 to minus 7 and sales per surveyor rose to 16 from 15.7.

RICS said that the report indicates stagnation for the UK housing market, although London still looks pretty positive.

London also noted the reference price in the 53 to Feburai ago, the only area of the 12 areas covered by the RICS which showed numbers above zero. Figures for the West Midlands and Northern Ireland is still the weakest, with minus 47 points.

News and Review of European Economic Zone

Euro Jump to 1.3170

Tuesday, March 13, 2012

In the Asian session, the euro unexpectedly moved up to the previous area of 1.3155 1.3170 in early trading. Further resistance was recorded in the area of ​​1.3190 and 1.3225, while the level of support may be found in the area of ​​1.3140, 1.3110 and 1.3085.

Bullish action may occur due to action to buy Euros against a number of other foreign currencies, while medium-term concerns are moving away from Greece and the euro zone crisis to China and developing countries, according to John Noonan, analyst at IFR Markets.

Technically, Valeria Bednarik, chief analyst at FXstreet.com observes: "in a 4-hour chart euro to maintain negative signal when prices move below the level of SMA and EMA-20-200, while some indicators are still below the middle price, with the movement of the current correction may continue to near the 1.3200 area, although it seems investors are still wary of the economic results of the FOMC meeting. "

News and Review of European Economic Zone

The euro climbed, Strong Optimism

Tuesday, March 13, 2012

Euro Index in trading today (13-03) in general showed a slight increase observed for several other major currencies. After opening at around 104.64 in early trading (00:00 GMT) has increased by about + 7 pips or about + 0.07% and at the time of this story down the rolling observed in the range of 104.71.

European Union finance ministers are reported to have signed a consent document to bail out of Greece and thus the state is scheduled to receive a total funding of 130 billion euros. The first phase of the total aid fund will be disbursed this month.

The development is expected to continue the impressive performance in February, which significantly increased + 27.0 and the period is the period with the first positive performance since May 2011.

Normal range of movement of the index on the day the euro is expected to have a support level at around 103.71 and resistance level at around 104.87.

Gold & Silver Slipping in Asia Market

Monday, March 12, 2012

Gold futures slipped in Asian electronic trading on Monday (12/3), following the correction that occurred in the stock market and commodities Asia.

Gold for April delivery fell U.S. $ 3.30, or 0.2%, to $ 1,708.20 an ounce on the Comex division of the New York Mercantile, during Asian trading hours.

Precious metals rose for three consecutive sessions, as the strengthening of global markets, driven by hopes Greece's debt restructuring and a bailout.

At the end of last week, Greece announced a bond swap deal with private lenders, which paved the way for the country to receive the second phase of the rescue fund. However, concerns about the Greek economy and the financial health of other European countries, has not gone away.

"Indications show that the new Greek bonds that will replace the exchange, trading at a huge discount on the gray market. This may reflect concerns that Greece should make further restructuring of debt in the future," said economist at Capital Economics.

Other metals also moved lower. Silver for May delivery fell 22 cents, or 0.6% to U.S. $ 33.99 per ounce. Copper May shrank two cents, or 0.4% to U.S. $ 3.84 per pound. April platinum fell U.S. $ 5.90, or 0.4%, to $ 1,679.00 per ounce, while palladium for June delivery fell U.S. $ 4.70, or 0.6% to U.S. $ 705.25 per ounce.

News and Economic Review Zone asia

Risk aversion make Asia Stock Sluggish

Monday, March 12, 2012

In the early trading session of the week (Monday, 12/3), the majority of Asian bourses looked lethargic moves in the region due to negative global sentiment carried over to avoid risky assets (risk aversion) after the U.S. dollar (USD) strengthened related to improving U.S. employment figures .

Market participants in Asia is still much to see wait and see, even not a few who take action to dispose of positions precisely because they are burdened by the U.S. employment data is improved because it will reduce the Fed's intention to continue its easing program.

But Japan's Nikkei index actually rallied back to even break above 10.000, the highest level in seven months new. Thanks mainly to the strengthening of the index rallied USD Yen weakened, causing the stock and trigger the Japanese exporters sector more attractive to investors.

Besides economic fundamenetal Data released this morning helped shore up investor interest in buying some equities in Tokyo. Data CGPI and Japan Machinery Orders teleh give rise numbers are better than the previous period. Data Machinery Orders m / m for the month of January out in figure 3.4% from the previous month at the level of -7.1% and break that estimate market expectations of 1.6%. While the annual rate rose to 5.7% of the estimated 4.0%.

News and Review of European Economic Zone

Euro tumbles in Early Week, USD Rally

Monday, March 12, 2012

Started this week (Monday, 12/3), in general the major currencies (currencies in the world) back pressure is still weak as investors avoid risky assets (risk aversion) after the U.S. dollar strengthened after the release of U.S. employment figures.

The weakening of a number of major currencies is caused by the strengthening U.S. dollar after economic data Non-farm payrolls (employment outside the agricultural sector) had passed all of the expectations of 227 000 210 000 with the unemployment rate remains steady at 8.3%. While the euro single currency to move in the range pelemahannya observed after the end of last week had fallen sharply after Greece said it would use the option to force private investors to participate in the bond swap program.

According to the Ministry of Finance of Greece, so far as much as 85.8% of private creditors who hold Greek bonds have expressed willingness to participate in the restructuring program worth? 177 billion. But the Greek government will be forced to use collective action clauses (CAC) to increase the participation of up to 95.7%. In addition, the anxiety of the other euro zone countries are heavily in debt and weak prospects for growth in the euro also put back under intense pressure.

News and Review of European Economic Zone

Euro Weakens Opened In Early Sunday, the IMF Plan

Monday, March 12, 2012

Euro in trading today (12-03, 03:38 GMT) generally tracked showed movement down to a few other major currencies. Movement of the index after the Euro was opened in the range of 104.29 in early trading (00:00 GMT) has been around down - 20 pips or about - 0.19%.

At the time of this story down the rolling observed in the range of 104.09, in line with the expectations of a slowdown of production in Germany in the period of work in February.

German statistics office, Destatis, is scheduled to announce the most recent data indicator German WPI m / m is expected to slow slightly to 1.1% of the value of the period of January is 1.2%. January performance report shows the increase is quite good at 3.0% of the period of January 2011 or one year earlier.

Normal range on day trading Euro index is expected to have a support level at around 103.71 and resistance level at around 104.87.

News and Review of European Economic Zone (France)

French President Ready to Back If you lose

Monday, March 12, 2012

If you lose the upcoming presidential election, incumbent French President Nicolas Sarkozy was ready to resign from office.

Ahead of the French presidential election, the upcoming April-May, Sarkozy is ready to fight like hell to win a second term. But if it is not elected again, he did not push yourself and be ready to retreat.

While riot police used tear gas to disperse a crowd of about 200 mass in the city of Saint-Just-Saint-Rambert, where Sarkozy will campaign.

In the poll, six weeks before the elections, Sarkozy left of the presidential rivals, the Socialist Party Francois Hollande. Even so, Hollande much doubt as inexperienced in statecraft and international issues.

Sarkozy claimed to see the agenda concerned the presidential candidate of the Social. He is concerned, there would be a problem for his country at a time when the economy is tough like this.

"But if the French people no longer believe in me, do you think I am going to continue in politics? The answer is no, "said Sarkozy, told RMC radio.

U.S. Employment Data Prospects of Oil Demand Brighten

Friday, March 9, 2012

Crude oil traded back above $ 107 per barrel on Friday, and stay on track weekly gain, following the release of U.S. employment data better than expected fueled hopes that oil demand outlook in the country, Uncle Sam will increase. The impetus for the price of oil also comes from China's inflation data indicating if the government might take further measures to stimulate perkonomian, in addition to the continuing turmoil in the Middle East.

Currently crude oil traded at around $ 107.80 per barrel, or about 1.2% above its opening price level on Friday.

The U.S. economy managed to create 227 000 new jobs in February, which reinforces the view that the pace of recovery will be faster this year.

"In the midst of a volatile trading Friday, the market gets a boost by the non-farm payrolls that the data slightly better than expectations," said Matt Smith, an analyst at Summit Energy. "But the dollar rally triggered by the reduced potential for further stimulus from the Fed, was likely to limit the appreciation of oil."

While the release of a Chinese data, which is the largest energy consumer, showing the annual inflation rate fell to its lowest 20-month in February. Slowdown is an opportunity for policy makers of China to immediately adjust their monetary policy to boost growth, which likely will drive demand for oil and other resources.

News and Economic Review Zone Asia (Japan)

Greek debt swap was completed, the Nikkei through 10 000

Friday, March 9, 2012

Japanese stocks closed in positive zone today. At 15.00 in Tokyo, the Nikkei 225 Stock Average surged 1.7% to 9929.74. Thus, throughout this week, the benchmark of Sakura was already in motion 1.6%.

On this day, the Nikkei index led the surge in Asian stock markets. The highest daily level of the Nikkei today is created in the position of 10007.62. The volume of transactions 60% higher than the volume average of 10 daily. Meanwhile, the Topix index rose 1.5% to 848.71.

Stocks that affect the movement of the Japanese market today include: Sony Corp., which rose 4.3%, Mitsubishi UFJ Financial Group Inc. rose 2.4%, and Nippon Steel Corp. led gains in the stock material producers.

Demand that hit the Japanese market after the successful completion of the restructuring of Greece's largest debt in world history. Another factor is the weakening of the Japanese yen against the euro.

"Fear of default Greece began to subside. This is gradually re-increased risk-taking investors in the stock market. It was also supported by a weakening yen positions," said Naoki Fujiwara, an analyst at Shinkin Asset Management Co. in Tokyo.

News and Review of European Economic Zone

Check the deficit of the European Commission Report Spain

Friday, March 9, 2012

The European Commission has sent a team of experts to evaluate data for Spain the Spanish government's budget deficit for 2011.

Envoy delegation to the Madrid Brussels indicate that European policy makers are still unsure of the Spanish deficit target of continuous change.

In November last, for example, the Spanish deficit figures reported only in the range of 6% ​​and the sudden change in the 7% at the end of the year. In early February, there was a charge that the Spanish government deficit figures manipulated for political reasons, to provide an overview sesuram possible in order to be more flexible deficit target for 2012 by policy makers in Brussels.

But the Spanish government, has denied rumors, saying that the deficit target set by the European Union to Spain was still at 4.4%.

News and Review of European Economic Zone (UK)

Consolidated FTSE ahead of U.S. nonfarm-payroll

Friday, March 9, 2012

London's blue chip share index fell on Friday, but the decline is still considered reasonable by the market players and is considered the normal movement of consolidation after a strong rally in the previous session as the Greek bond swap event has been discounted by investors and further still waiting for the U.S. labor market report .

Data U.S. non-farm payrolls during the month of February is estimated to increase to 210 000 in February after being jumped to a level of 243 000 the previous month, while the unemployment rate remained at 8.3 percent.

While the results of the tender exchange of Greek bonds are reported exceeded the target, which is 85.8 per cent participation of private creditors to exchange their bonds, and the participation rate can be increased to 95.7% with an additional kalusa to force the rest of private creditors accept the bond swap.

Monitored by far London's FTSE stock index fell -0.06% to as low as 5,850.00, after reaching the highest point in the level of 5,874.00 and intraday low at 5,837.00 daily.

News and Review of European Economic Zone (UK)

Sterling weaken gloomy economy

Friday, March 9, 2012

Sterling was dropped after the data confirm bleak outlook worries about the UK economy. Please register growth of manufacturing production only 0.1%, worse than the publication in January increased 1.1%. Industrial production fell 0.1% even in February, lower than forecast and 0.4% the previous release. GBP / USD is now trading 1.5763, 1.5832 daily high level away from

The bad publicity of the data made ​​investors worry about the performance of the UK economy after GDP contracted 0.2% in the final quarter of 2011. This certainly reinforces the reason the Bank of England to continue its asset purchase program, especially with the reduced expectations of inflation. Recent surveys show the predictions of inflation will grow 3.5% for the year 2012; lower than the 4.1% the previous similar surveys.

Meanwhile, Morgan Stanley still give a bearish outlook for GBP / USD. Morgan Stanley considers the recent rally in sterling too much and brittle when investor sentiment deteriorates. Morgan Stanley still has a short position GBP / USD at 1.5905 level, with stop-loss target fall towards 1.5890 target 1.5200