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Dollar Aids Gold Performance

Thursday, February 23, 2012

Gold prices please register strengthening thin in the London session, helped by a weaker dollar after the data provide hope for the recovery of Europe's largest economy. The euro rallied after German business sentiment rose to a seven-month high, 109.6, as rising optimism the business will be the completion of Europe's debt crisis.

Gold's performance was also supported by continued expectations the central bank's monetary easing in developed countries. BoE Minutes yesterday show the desire to give some BoE officials a greater stimulus. Contraction of European manufacturing and service sectors also emphasize the threat of economic slowdown that still need monetary easing from the ECB. China's manufacturing sector is still natural for the fourth month of consecutive contractions can also encourage the PBOC to back down minimum reserve banking.

"As long as the central bank's loose monetary policy is still running then the performance of gold remains positive," said a trader in Singapore who were interviewed by Reuters. Meanwhile, Reuters technical analyst, Wang Tao, optimistic that gold could reach $ 1797.

News and Economic Review Zone Asia (Singapore)

Singapore inflation lowest since last 8 months

Thursday, February 23, 2012

Department of Trade and Industry, Singapore, on Thursday released the data that the annual inflation dropped to its lowest level in eight months, namely in January of this.

This is caused by a lower contribution from existing transportation costs.

Inflation in the consumer sector slowed to 8.4 percent in January and 5.5 percent in December. The decline is in line with economists' forecasts that predicted the 4.8 percent level.

The lowest point of inflation in the consumer sector in Singapore was in May 2011, at the time the consumer price inflation in the sector reached 4.5 per cent.

As for the monthly basis, consumer price inflation has strengthened 0.9 percent in January, after the month of December has not changed.

News and Review of European Economic Zone

European Stocks flat, burdened banking

Thursday, February 23, 2012

European stock markets opened the trading session Thursday with a relatively flat, with a record decline in bank stocks, led by Commerzbank AG shares fell 7 percent after the German Banking announces the results and said it would increase its capital.

The Stoxx Europe 600 flat at 264.32 level. French CAC 40 index fell 0.1 percent to a level of 3441.61 and the German DAX 30 index flat at 6848.48 level. Britain's FTSE 100 flat at 5918.87 level.

Credit Agricole SA shares fell 3.4 percent and Royal Bank of Scotland Group PLC fell 1.7 percent after the two banks are greater losses.

Among other stocks, rose 3 percent after Edenred post the increase in profits and British American Tobacco PLC fell behind the full-year results.

News and review European Economic Zone (Germany)

German Data Strengthens European

Thursday, February 23, 2012

European stocks rose on Thursday (23/​​02). The results of the German IFO business sentiment data sparked buying.

Europe Stoxx 600 Index rose 0.3% to as low as 265.20. Novo Nordisk shares to be excellent with prices up 2.8%. While the worst performer is the Commerzbank AG, which dropped 3.6% after the announcement of the capital increase worth 1 billion euros. Bank has also scored 23% surge in profit in the fourth quarter.

Still in Germany, Deutsche Telecom AG fell 1.9% after the release of a decrease in operating profit for 2011 and predicted further decline in profits in 2012.

DAX 30 index climbed 0.5% is still able to as low as 6,878.53, led by a slick performance of Allianz SE DE: ALV, which rose 1.3%. The Deutsche Bank AG also rose 1.2%, followed by Bayer AG, which bertambaj 0.8%.

Data German IFO business climate rose to 109.6 in February from the previous record month (108.3). Jump in the index was above analysts' expectations. While the French CAC 40 traded 0.4% higher to 3,460.11 level. Support comes from BNP Paribas SA shares FR: BNP (up 1.2%) and Schneider Electric SA (up 1.4%).

In London, Royal Bank of Scotland Group PLC soared 4.2% as well be the best performers in the FTSE 100 index. Britain's main index rose 0.3% to its own level of 5,930.88.

News and Review of European Economic Zone

German business sentiment strong Euro

Thursday, February 23, 2012

Continued strengthening of the euro after data hinted at continued economic recovery in Europe's largest. German business sentiment rose to 109.6 for the month of February 2012, higher than the predictions of 108.7 and 108.3 the previous publications. EUR / USD is now trading 1.3323, 1.3231 daily stay away from low level

German business world seems to be resolved is confident of its European debt crisis. Greece has got a second bailout package worth? 130 billion bond borrowing costs of Spain and Italy are also declining. "Germany will be among the first countries in Europe who benefit from the return of business confidence," said Aline Schuiling, an economist at ABN Amro. "The fundamentals of the German economy is facing great and serious problems such drastic fiscal austerity policy in other countries."

Iranian Support Oil Rally

Wednesday, February 22, 2012

Oil prices continue to rally in London over the outbreak of the session will concern the disruption of world oil supplies. The International Atomic Energy Agency (IAEA) said Iran's nuclear program negotiations impasse encountered while Iranian military officials point out the threat of war again. Oil prices had slipped in Asian session after data show China's manufacturing sector contracted for the fourth month.

"The performance of oil prices related to the situation in Iran and the Middle East," said Jonathan Barratt, an analyst interviewed by Bloomberg. "Fear of disruption of oil supplies continue to rise with the spread of Iran's dispute with the West," said David Greely, the head of Goldman Sachs research, which also express the oil remains bullish.

IAEA fails to get access to the Parchin, one area where Iran was developing its nuclear program. IAEA course pupuskan failure of negotiations with the Iranian government hopes to undo nuclear ambitions. Israel and the U.S. is still reviewing all the policies to make sure Iran does not have atomic weapons. On the other hand, the military leaders of Iran, Mohammad Hejazi, hinted Iran could launch attacks in advance to protect national interests.

News and Economic Review Zone Asia (Korea)

Kospi closes Still Up Despite Betah in an 2020-point range

Wednesday, February 22, 2012

Korean stock market for trading today (22/2) closed up and returned to continue the positive trend. Following the rise in other Asian markets, the Korean stock exchange stimulated by the presence of the impact of the rise in China's manufacturing data for the month of January which brought a good indication for the real sector in the country.

KOSPI index closed up 0.22% to 2028.65 basis points. While index futures experienced a flat on the position of 267.3 basis points, with the support level of 265.33 points and 270.26 points at level resistant.

The shares of which is to increase SCE Holdings shares are down 4.72% to 16.65 thousand won, Hankook Tire's shares rose 1.71% to 44.6 thousand won and Salum stock rose 8.89% to 3920 won.

News and Review of European Economic Zone (UK)

Coming to The BoE, Sterling Slipping Against Greenback

Wednesday, February 22, 2012

Pound weakened against the U.S. dollar, amid uncertainty over whether Greece could menikuti fiscal reform after a second bailout, while investors await the release of the BoE meeting in February.

In session Tuesday, European finance ministers endorsed $ 130 billion bailout package for Greece, eliminating the risk of default in March, but worry that occurs is whether the bailout would be enough to solve the financial problems Greece?

Pound pressured ahead of the release of the BoE interest rate setting meeting. Policy makers decided to add 50 billion pounds to the central bank's asset purchase program at the beginning of this month, amid fears that economic growth in the UK who were undecided.

Sterling tracked touch 1.5759 level during the European morning trading, the lowest level since the currency is February 16; are then consolidated at the level mengalamo 1.5760, slipping 0.11 percent. But the pound is still strong against the euro, only edged down 0.01 percent touched the 0.8385 level.

News and Review of European Economic Zone

Thin Stock Up on Early European Trading

Wednesday, February 22, 2012

European stocks trading on Wednesday (2/22/2012) with the expected bailout of Greece will be effective.

FTSE index was up 0.2%, the CAC was up 0.3% and the DAX index rose 0.1%. "Having achieved the progress Greece has two challenges that the market anticipated," said Gillian Edgeworth, an economist at UniCredit. So quoting cnbc.com.

Both of these challenges such as the European Union should prove to be able to save Greece and the EU must increase so that the reserve fund in accordance with the IMF. At present, Greece is also being negotiated with the Institute of International Finance of cutting debt to 53.5%.

In trading yesterday, the market responded positively after the Dow Jones through the levels of 13,000 for the first time in four years. Although the index moves more volatile.

While such positive moves Asian stocks Hang Seng index rose 0.1%, the Nikkei rose 0.9%, 0.6% and Shanghai index ASX index rose 0.04%. In February, China's manufacturing contracted data. It is characterized by the decline in export orders for the European crisis.

Wall Street ended mixed on Tuesday trading (21/02/2012). Dow Jones index had touched the level of 13,000 for the first time since May 2008, and rising oil prices pushed the economic outlook.

The Dow Jones rose 16.12 points, or 0.12% to as low as 12965.99. S & P 500 index rose 1 point or 0.07% to 1362.23 level. The Nasdaq index fell 3.21 points, or 0.11% to 2948.57 level.

News and Review of European Economic Zone (UK)

Sterling collapsed again, Enter Third Day streak

Wednesday, February 22, 2012

Pounds on this day (22:02, 09:19 GMT) further weakened after opening at 1.5789 in early trading (00:00 GMT). The currency has fallen about -29 pips or about - 0.18% and the value of rolling appears to be 1.5760.

Monitored market is still awkward in dealing with the decision to bail out Greece, along with a statement of the Bank of England deputy governor Charlie Bean, who argued that the bail out is probably not enough to resolve the problems of the debt crisis.

Furthermore, the Bank of England Deputy Governor said that the debt crisis in Europe is the biggest factor that can drag down the British economy, where the export performance and the financial sector is weak and threatened further reduce domestic demand by consumers both domestic and private sectors.

Potential Breakout Crude Oil to $ 115

Tuesday, February 21, 2012

Nymex crude oil chart has formed a new two-character behavior. The first picture is a wide range of consolidation around $ 100. While the second fact is the formation of long-term rise triangular pattern. Both behaviors were clearly visible on the weekly charts.

Technical resistance for oil is $ 98. These levels are a strong resistance level and consistent over the years.

While the psychological resistance lies at $ 100. In its movement, oil prices often resistant form of consolidation between $ 98 and $ 100. But the last few months oil has formed a new resistance near $ 102 so that the range is now in a strong consolidation between $ 98 and $ 102.

Significant behavioral change is because in the past, when oil moves up psychological resistance near $ 100, price volatility increases. As observed above $ 100, oil can move easily into the $ 112, then to $ 124. The development of resistance to near $ 102 now to reduce the volatility.

The second behavior of the NYMEX oil price chart is a triangular pattern of increased sustainability. Triangular pattern of oil has historically resistant level and trend line is pointing up. Uptrend line since October 2011 starts with lows near $ 95.53 (December 2011) as the reference point of the trend line. The position of the trendline is confirmed by the lowest level in February 2012, at near $ 96.91.

News and Economic Review Zone Asia (Korea)

Seoul shares sluggish Pushed Oil Price Fluctuations

Tuesday, February 21, 2012

Seoul shares sluggish today after rallying the previous session as investors are still hesitant in buying the stock.

Euro-zone finance ministers finally approved the second phase of the bailout of 130 billion euros to Greece after the meeting that lasted a lot yesterday. This makes it a little market activity stalled as investors are still awaiting the results of the meeting.

KOSPI fell 0.6 percent in the range of 2,012,77.

Purchases of foreign stocks by foreign investors fell to 55.1 billion won of shares sold. Meanwhile, institutional investors sold 154.4 billion won after the sale of five consecutive sessions.

Air transportation stocks fell as oil prices climbed to its highest level in six months after Iran stopped its oil supply to Britain and France while the two largest oil consuming country in the world, America and China, showed indications of higher oil demand.

Korean Air, and cargo airlines in South Korea fell 6.54 percent while Asiana Airlines, fell 4 percent. Daewoo Shipbuilding fell 3.92 percent while Samsung Heavy Industries fell 4.52 percent.

Samsung Electronics rose 0.85 percent to 1.185 million after falling from record highs throughout history in the range 1.1980.000. Samsung today said that they would overcome the loss of their flat-screen LCD production by changing their focus to create a new generation of OLED.

Taihan Electric Wire rose 5.99 percent, the strengthening of three consecutive sessions and rose nearly 14 percent since last February 7, after successfully getting a loan of 430 billion won.

News and Review of European Economic Zone (UK)

Follow the trail Sterling Euro Deal Greek Easter

Tuesday, February 21, 2012

Sterling propped against the U.S. dollar and euro currency movements follow on Tuesday, but the upward momentum is still limited due to the economic outlook is pretty bleak English.

European finance ministers agreed akhirnye second bailout package for Greece to prevent the country is exposed to default on an irregular basis next month but the problem of debt burden on the Athena apparently still has not ended.

GBPUSD currency pair fell -0.03% to a level of 1.5842, after briefly reaching an intraday highs at 1.5863 level, while the lowest level at 1.5810 area. Resistance appears in the area nearest the trading day in MA200 1.5913 area so far. On the bottom side, a strong support level appears at 1.5645 area.

As a whole. Europe's debt situation is not going to limit the pound sterling rose over the area of ​​1.6000 against the U.S. dollar in the short term.

News and Review of European Economic Zone

Euro offset from High Level Over Fading Euphoria Greek Deal

Tuesday, February 21, 2012

Euro currency is stable in positive territory Tuesday after the Greeks finally won a deal to avoid running the bailout of default case, but most investors are still skeptical and are still trying to sell on rally due to doubts about the ability of Greece to manage their debts are still piling up.

All positive news has been discounted in the market, so the chances of appreciation of the euro currency area beyond 1.3307 is still quite small. Monitored by far the EURUSD currency pair traded at 1.3268 after reaching its highest intraday level at 1.3293, the lowest daily at 1.3186 area.

Technically speaking, look at the area nearest resistant MA100 days which is located at 1.3307 area, on the bottom side, strong support appears at 1.3220 area - 1.3200, fell again under the area has the potential to trigger further bearish momentum targeting 1.3000 target in longer term.

Furthermore, each EU member state still must approve the rescue package for Greece before the funds can be disbursed.

News and Review of European Economic Zone

Greece Wins Agreement, European stocks That Weakens

Tuesday, February 21, 2012

Most of the European stock markets traded slightly exceeded in session Tuesday after the previous EU finance ministers approved a bailout package for Greece and accept the debt swap agreement with private creditors.

Europe Stoxx 600 Index fell back 0.3 percent to 267.37 level, causing an increase risk in the past four days in a row.

European stock markets traded mostly flat after eurozone finance ministers to end a long meeting Tuesday morning with a deal to provide Greece with 130, billion euros, equivalent to $ 172 million bailout package fresh. Greece also reached an agreement with private bondholders to slash more than 53 percent of some 200 billion euros.

Oil company caused the biggest drop in the index rose Monday after a behind the rise in oil prices. Tullow Oil PLC, fell 3.8 percent, one post the biggest drop the index. BG Group PLC fell 1 percent and Petrofac Ltd fell 1 percent, dragged Britain's FTSE 100 index fell 0.2 percent to a level of 5934.63.

Total SA shares slumped 1.1 percent in Paris after Morgan Stanley downgraded its stock to underweight from equal-weight, citing fears of the oil will outperform peers in terms of dividend growth. French CAC 40 index fell 0.1 per cent, at 3468.61 in early trading, although supported by the rise in bank stocks such as BNP Paribas SA, which rose 2.1 percent.

German DAX 30 index fell 0.2 percent to a level of 6936.35. ThyssenKrupp AG fell 2.6 percent after UBS downgraded its stock to 'sell' from 'neutral' on valuation grounds.

Athens General Index fell 1.9 percent to 810.37 level, the National Bank of Greece SA fell 5 percent.

The increase in gold Approach Step 7 Days After China, Greece Into Focus

Monday, February 20, 2012

Financeroll - Gold futures rose on Monday session, trading near its highest level in seven days after China's central bank announce new easing measures at the weekend, while the market focus was on European finance ministers meeting today to resolve the two Greek terms of the bailout package.

On the Comex division of the New York Mercantile Exchange, April gold futures contract traded at $ 1,732.85 per troy ounce during the European morning trading session, up 0.4 percent. previously, gold rose by 0.75 percent and could touch the level of $ 1,738.65 per troy ounce, its highest since February 15.

Gold rose in Asia, after a sentiment fueled by China's central bank move at the weekend menumumkan has cut reserve requirement ratio for commercial banks an advanced 20.5 percent from 21 percent, the second decline in nearly three months. The move is expected to release 400 billion Yuan of China in an effort to encourage lending and direct the growth of the country's second largest economy in the world.

While investors expect euro zone finance ministers approved the bailout of 130 billion euros are needed to Greece at a meeting in Brussels today, the negotiations have been known to uncover the past. Without the bailout, Athens faces the threat of default when the redemption of 14.5 billion euro bond which matures on March 20.

On the other trading on the Comex, silver futures rose 0.8 percent in March diperdagankan at the level of $ 33.48 per troy ounce, while copper rose 1.6 percent in March contract traded at $ 3.766 per pound. Comex trading day will be related ditutuo Presidents' Day holiday.

News and Economic Review Zone Asia (Korea)

Seoul shares Thin Closed Up

Monday, February 20, 2012

Seoul shares closed up slightly today after briefly touching its highest point for six months due to selling by institutional investors at the end of the trading session today.

KOSPI edged up 0.07 percent to 2024.90 range after rising to its highest point for six months in 2050 in the range of the previous session.

European Union finance ministers expected to approve the second phase of the bailout for Greece.

Institutional investors sell shares as much as 263 billion a win over the last four sessions while foreign investors bought shares as much as 163.8 billion shares.

Hyundai Steel climbed 2.75 percent while Korea Zinc rose 3.84 percent and the ferrous metal sectors pushed the KOSPI rose 1.77 percent. Meanwhile, oil companies also rose because the price of Brent crude reached its highest for eight months in the range of 121 dollars per barrel after Iran stopped its delivery to the UK and France.

SK Innovation, up 10.7 percent while the chemicals company LG Chem rose 2.31 ​​percent. Poongsan Corp jumped 5.17 percent while Victek rose 4.44 percent.

News and Review of European Economic Zone

Euro Look forward to the Greek situation Clarity

Monday, February 20, 2012

The euro rose on the London session as optimism about the outbreak of the Greek bailout disbursements. EUR / USD briefly touching 1.3237 earlier in the session in Asia after China's central bank to loosen monetary policy of sustaining economic growth in the world 2. However, the single European currency is starting to get some profit-taking into the European session as traders wait for further clarity of the situation of Greece.

Euro-zone finance ministers meeting in Brussels to do tonight to discuss whether the Greek decent receive bailout funds? 130 billion. The meeting will also discuss the commitment of political parties in Athens, the debt swap with private creditors, and the role of the ECB to help alleviate the debt burden of Greece. "I think the market is still optimistic about the Greek situation. This course will support the performance of the euro," said Thomas Averill, senior Rochford Capital. German Chancellor Angela Merkel, Prime Minister of Greece Lucas Papademos, and Italian Prime Minister Mario Monti express his conviction on 17 February last that the meeting of euro zone finance ministers will find a solution to the Greek situation. If the meeting fails to produce an agreement then the discussion will continue at an EU summit next March 1.

News and Review of European Economic Zone

Potentially Stronger European exchanges

Monday, February 20, 2012

European stocks trading on Monday (2/20/2011) is predicted to strengthen the hope Greece will be able to ensure the melting of a second bailout by the meeting of finance ministers today.

FTSE index is predicted to rise 52 points will the DAX rose 81 points and the CAC will go up 40 points. Discussion about the bailout of Greece has started on Sunday attended by finance ministers of the European Union and European Central Bank (ECB). If it happens kesepakatna then Greece will receive an injection of fresh funds worth 130 billion euros, equivalent to U.S. $ 171.7 billion. So quoting yahoofinance.com.

Asian stock markets rose by positive sentiment from China's policy that began to loose since last week. Shanghai index rose 0.4%, the Nikkei rose 1.08% and the ASX index rose 1.4%.

Bank of China last week has reduced the amount of cash that must be paid in banking. This is to enhance the ability of banks to disburse loans in order to move the economy. Bank and insurance company will redeem the bonds that held about 70% of asset value.

Today the U.S. stock exchange to commemorate the presidential holiday.

News and Review of European Economic Zone (France)

Business confidence in France Stretching Equipment And Flat

Monday, February 20, 2012

Insee, the French Statistical Office reported that a survey of business confidence and France remained unchanged in February.

Confidence index for the manufacturing sector was recorded at level 92 in February, unchanged from January after a revised.

Economists expected the index range at 91 points, or higher than the level in January.

Business leaders believe that economic activity is expected to slow production. Despite the increase, but still remain in the range below the average for long-term range.

France expected to be able to rise from the economic recession stretching euro zone after the last condition is stable and conducive to the front.

News and Economic Review Zone Asia (China)

BOC: China People's Declining Social Funding

Friday, February 17, 2012

Bank of China (BOC) said the release of data that the Chinese people's total social spending fell to 955.9 billion USD in January of this.

This is a sharp decline, after a year before the Chinese people's total social spending reached 800.1 billion USD.

Bank of China said that this is an indicator used to measure the supply of credit in the economy, so that the economy in China can take place smoothly, secure and conducive.

Other economic instruments are used as a barometer of the economy include bank loans, securities, bonds and stocks, as well as some other minor indications of the instrument.

Gold Return Driven Uphill Greek Optimism

Friday, February 17, 2012

Financeroll - Gold prices rose yesterday as rising optimism Greece will get bailout funds to help stage the gold they could reach the weakest point of the week in the previous session.

Gold was in the range 1.700-1.7600 dollars per ounce since the beginning of the month, following the Greeks who tried to get a loan amounting to 130 billion euros from its international creditors.

Meanwhile, oil nutrient delivery also rose due to supply disruption from Iran. It is also a trigger of rising gold prices.

Spot gold rose 0.2 percent to 1731.90 dollars per ounce and that leads weekly gain of 0.7 percent after declining for two consecutive weeks. In previous sessions of gold had touched its lowest point since February 10 in the range of 1705.09 dollars per ounce. U.S. gold gained 0.3 percent to 1733.60 range.

Data from the World Gold Council shows that gold demand rose to its highest point for 14 years because of high gold demand in China in 2011 and then. U.S. job market data is positive also helped the market sentiment.

Spot silver rose 0.2 percent to 33.52 dollars range, ending a record low during the last three weeks in the range of 32.64 dollars in the previous session. Dairy has increased 21 percent so far this year.

Platinum rose 0.6 percent to 1628.99 dollar range but weekly decline of 1.5 percent after rising six consecutive weeks.

Palladium rose 0.3 percent to 693.72 dollar range but towards the most severe decline in the last six weeks.

News and review European Economic Zone (Germany)

Manufacturers Sector Inflation Weakens Germany Back

Friday, February 17, 2012

German Office of Statistics data released on Friday that the rate of inflation in the producer sector slowed for the next period of 4 months in a row.

Output price inflation slowed to 3.4 percent in January while for the month of December at 4 percent.

Economists expect inflation to 3.2 percent range.

In the energy products sector, an increase of 7.3 percent, while for the price of the consumption of durable goods, and not moving an increase of 3.6 percent.

In the commodity sector, there was growth of 2.1 percent to an annual period, while for the price of goods and capital around 1.3 percent decline.

News and Review of European Economic Zone

Expectations of the European Zone Agreements Debt Still Support your Euro Rally

Friday, February 17, 2012

The single currency Euro continue strengthening against the U.S. dollar since the European session on Thursday linked the hope that agreement can be achieved by the Greek bond swap and successfully sustain investor sentiment and interest in riskier assets.

Central banks in Europe are also getting ready to redeem their holdings Greek bonds for new bonds of private sector debt-related agreements with Greece to avoid bigger losses. Exchange of bonds is planned to be conducted over the weekend.

If the Greek debt swap agreement has been completed on Monday and will diirilis more details about the rescue package for the second stage, where it is supposed to potentially sustain EURUSD to 1.3300 level.

News and Review of European Economic Zone

Euro vs Swiss Franc AIG Over Fears subside

Friday, February 17, 2012

Swiss franc weakened against the euro and U.S. dollar on Friday after a U.S. economic reports that exceeded expectations on Thursday and help sustain the interest of investor sentiment towards riskier assets other than the Swiss franc.

Euro single currency itself is supported by the Greek bailout hopes that the second stage can be reached on Monday next week.

Swiss Economics Minister, Johann Schneider-Ammann had commented that the Swiss franc is still considered overvalued despite the restrictions imposed ceiling of the exchange rate of euro swiss, at 1:20 level by the SNB in September last.