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The uncertainty of the EU stumble, Gold Down

Thursday, February 16, 2012

Gold fell back this afternoon to follow due to the weak euro would hope that vanished after the Greek European Union to delay granting bail to the country.

Gold had rallied 1 percent today encouraged by the hope there will be a solution to the crisis Greece but market sentiment sank soon after the EU said they mendunda bailout in the not specified.

Spot gold fell 0.4 percent to 1721.40 dollars per ounce after rising 0.5 percent. American Gold fell 0.3 percent to 1723.60 dollars per ouncer. Investor eyes are still fixed on the Greek struggle to get state bailouts and rescue them from bankruptcy.

The price of gold was in the range 1700 dollars to 1730 dollars per ounce sepannjang this week and could not penetrate that level because of the uncertainty of the situation disturbing the market tastes. Investors are waiting for a meeting of EU leaders are scheduled to be held on February 20 that will come to discuss the bailout for Greece and said Greece had to answer some questions from the European Union.

Spot silver, fell 0.2 percent to 33.30 dollars per ounce. Throughout the year, silver prices rose 20 percent. In previous sessions of silver dropped to the low point for one week.

Of hope around the world central banks to ease policy will probably push the price of gold go up, but the uncertainty in the euro zone will continue to push the price of other metals that are used for industrial applications such as silver, platinum and palladium. And rising tensions between Iran and the west could potentially support the gold still holds a safe haven.

News and Economic Review Zone Asia (China)

China Stocks corrected

Thursday, February 16, 2012

China Stocks move lower before noon. The weakening of the index was led by banking stocks and the metal due to the reluctance of investors to take large positions amid concerns over the weakening domestic economy. Shanghai Composite Index fell 0.2% to 2362.46 with the nearest support level in 2350.

"The market is consolidating with blue chip stocks that trade declined due to the actions of investors who wait for further instructions markets. Among actively traded stocks, China Minsheng Banking Corp. -0.2% To CNY6.41, and Inner Mongolia Baotou Steel Union Co.. -0.4% To CNY5.07. Shenzhen Composite Index rose 0.1% to 926.64.

News and Review of European Economic Zone

The fate of Greece is not clear, euros slumped

Thursday, February 16, 2012

The euro fell to its lowest point for three weeks against the dollar today as the European Union to delay granting bail to Greece despite memenuhu terms of international creditors.

The European Union said yesterday that the EU is still evaluating bailout of Greece to the country's general elections next April.

Greece has 14.5 billion euros of debt maturing soon and will not be able to afford it without assistance from international creditors.

Uncertainty weakens the euro even though the two leaders of the Greek political parties will send a letter to the international creditors for approval bailouts.

The euro fell 0.4 percent to 1.3007 per U.S. dollar range below the average of 55 days in the range of 1.3052 per U.S. dollar. The euro also fell against the yen at 102.03 yen range.

The dollar was at its highest range for three and a half months in the range of 78.67 yen yesterday and 78.42 yen stabilized in the range.

While the Fed meeting in January showed some members believed that the purchase of bonds by the central bank needed to support the American economy. Bonds with a maturity of two years of the United fell yesterday from the highest point reached during the seven weeks last week.

Aussie job market surged after data showed the number of workers rose Austrlia 46 300 in January, far from the estimate that only 10,000 workers. But it will concern the Greeks make the currency edged down 0.2 percent to 1.0680 per dollar. While the kiwi fell 0.8 percent to 0.8267 per U.S. dollar.

News and Review of European Economic Zone

Euro AIG to Lowest Since January 25th position in the Middle Possible Failure of Aid Greece

Thursday, February 16, 2012

Movement of the euro in trading today again decreased significantly (16/02). Euro getting worse, falling for five consecutive days against the dollar on fears the failure of the second phase of assistance to Greece.

Yesterday the euro area finance ministers to the conference via telephone. At the conference it was revealed that some countries are still hesitant and reluctant to provide additional assistance worth 130 billion euros to Greece. They especially are still not sure about the term-term budget cuts in the plan approval in Greece.

Today the euro fell sharply. The euro reached the lowest position since January 25 last at 1.3008 dollars. Currently the euro looks a little rebound and are at 1.3025 dollars. The position of the euro compared to the close of trading fell sharply early this morning in the level of 1.3065 dollars.

News and Review of European Economic Zone (Switzerland)

Swiss Franc to 0.9260 Continue Correction

Thursday, February 16, 2012

Swiss Franc to the area continue relinya previous price of 0.9233 0.9260. The support level occurs when the U.S. dollar bid to maintain signal or "buy" in today's market to U.S. investors sought refuge amid the protracted Greek crisis.

Technically, the current market correction is likely to move through the levels of the rally on the movement down, but it may be through the continuation of the bullish ride a larger scale, "said Fan Yang, CMT, Chief Technical Strategist of a FXTimes.com.

The analyst explained: "The bullish target above 0.9262, look at the magnitude of the range projected in the direction of penetration rates, which will target 61.8% retracement near the price, around 0.94. Even the 0.94 level is an important pivot, support or maintain the support of the consolidation in January to penetrate and open up opportunities for bearish movement down to 0.9188 ".

Today, the Swiss franc remained stable at around 0.9250, 0.20% gain recorded to this day. If the drive keeps going up in the next few hours, above the level specified in the level of 0.9262, 0.9278 resistance level recorded (38.2% Fibonacci level to sell at 0.9592/0.9087). For the movement of the decline, the level of support seen at 0.9232 (February 3 high).

Gold Tried Be Optimistic

Wednesday, February 15, 2012

Gold rose in London session, although seen as moves ranging outbreak of lack of clarity in the ability of Greece to secure the disbursement of bailout funds. Euro-zone finance ministers will do teleconference tonight to discuss the situation in the reluctance of the Greek political party leaders in Athens to give a written commitment for the implementation of economic reforms.

Meanwhile, the well-known hedge fund manager John Paulson cut his ETF gold holdings as much as $ 600 million in the fourth quarter of 2011. However, the sell Paulson could still offset by the purchase of gold by other hedge funds; is certainly hinted at the long-term optimism for gold.

"In the long term, the euro-zone debt crisis will still sustain the performance of gold," said Hou Xinqiang, an analyst interviewed by Reuters. "However, for the short term, gold is in a consolidation phase where the area near the $ 1700 will provide opportunities to buy."

News and Economic Review Zone Asia (Japan)

AIG After the Japanese Add Yen Bond Purchase

Wednesday, February 15, 2012

Japanese Yen currency plummeted to its lowest level in more than three months against the dollar after the BoJ unexpectedly expanded its asset purchase program.

Japan's central bank to outwit the market by the addition of bond-purchase program of $ 128.92 billion. Purchase of these assets will automatically increase the money supply in the market and trigger inflation in order to bring the country out of a deflationary spiral.

On the other hand, the Yen is already depressed due to Japan's economic fundamentals are quite bleak. Monitored by far the USDJPY currency pair has risen 0.06% to 78.47 level.

Despite sharply lower, some analysts are predicting the Japanese Yen will come back strong, especially if there is speculation the bond purchase program third phase of the Fed.

News and Review of European Economic Zone

Italian GDP drop

Wednesday, February 15, 2012

Italy reported the economy contracted for the second consecutive quarter in Q4 2011, close to the definition of a recession.

Based on the Italian statistical office reports, ISTAT, reported gross domestic growth (GDP) for the initial estimate of -0.7% reported in Q4 compared to Q3 of -0.2%. When compared to Q4 2010, GDP Italy's third largest economy in Europe has experienced a contraction of -0.5%.

Although the Italian GDP drop, but the index of quality of life in Italy is ranked 10, in which Italy still enjoy the standard of living is quite luxurious, with an average of nominal GDP per capita is high. Moreover Italy is the third country in the world who has the most gold reserves.

News and Review of European Economic Zone

Eurostat: European Economic Contraction In Fourth Quarter

Wednesday, February 15, 2012

In the euro area economy contracted less than expected in last quarter of 2011, official preliminary data showed Wednesday.

In a report, Eurostat said that Europe's gross domestic product fell by 0.3 percent in seasonally adjusted during the fourth quarter of last year, slightly better than the 0.4 percent diperkiakan.

Europe's economy grew by 0.1 percent in the previous quarter. On an annual basis, the European GDP grew at an annual rate of 0.7 percent in the fourth quarter, the results are in line with forecasts, after increasing at a rate of 1.3 percent in the previous quarter.

News and Review of European Economic Zone (Greece)

Need to Convince Business Hardware Greece Europe

Wednesday, February 15, 2012

Europe again pressing Greece to carry out the policy for the budget savings get bailout funds. Euro-zone finance ministers meeting in Brussels do cancel and replace the format for the meeting to discuss whether the Greek telekonverensi deserve bailout funds. Athens to secure the disbursement of bailout? 130 billion to avoid default in March.

"Format telekonverensi meeting was decided by the leadership of the euro-zone finance ministers, Jean-Claude Juncker, due to the lack of elements to ensure the success of the meeting," said Italian Prime Minister Mario Monti. After Juncker cancel the meeting, leaders of political parties of Greece, Antonis Samaras and George Papandreou, will give a written commitment that prompted European, according to Bloomberg resource. The Greek government also agreed to add an austerity budget for? 325 million. "The government will reduce the budget for defense, public investment, and health," according to Bloomberg resource persons who declined to name the publication.

Meanwhile, the euro looks difficulty maintaining gains in the London session. EUR / USD is now trading 1.3152, trying to stay away from daily highs 1.3190

Iran threat Supply Rises, Oil Strong

Tuesday, February 14, 2012

Oil has traded close to a rise in the last two weeks in New York after the prospect of rising tensions between the West and Iran are also western disturbances sparked speculation that the oil in the Persian Gulf.

Oil futures reached the highest increase since January 31, wiped out earlier gains. Standard & Poor's said today in its report that Iran respond to sanctions by reducing the possibility of shipping through the Strait of Hormuz as the inhibition of traffic at the time inspekasi tanker and cargo ship the goods.

March crude oil futures contract on the New York Mercantile Exchange rose 27 cents to as low as $ 101.18 per barrel and had to be at the level of $ 100.95 at 9:05 am London time. Previous contract fell by 0.5 percent to as low as $ 100.37.

News and Economic Review Zone Asia (Japan)

Lighten BOJ Monetary Policy

Tuesday, February 14, 2012

The Bank of Japan ease monetary policy today by limiting purchases of assets amid growing political pressure to take decisive action to tackle defalsi and reduce pressures on the economy because a strong yen.

The central bank will develop its asset purchases and lending schemes, where the central bank will buy government bonds and private loans and give light to the various types of guarantees, amounting to? 10 trillion ($ 30 billion) to be? 65 trillion. BOJ also menyapaikan this increase will be used to purchase long-term government bonds.

BOJ also targeting consumer inflation to 1% as a policy objective.

As has been diharpakan, BOJ still keep interest rates the range of zero to 0.1% by unanimous vote.

Governor Masaaki Shirakawa will hold a press conference this afternoon about the news embargo.

News and Review of European Economic Zone (UK)

BoE's King: Will Inflation Target As At End 2012

Tuesday, February 14, 2012

Bank of England governor, Mervyn King, on Tuesday said that the rate of inflation may still be continuing the decline this year, but how fast and how much reduction will be demonstrated is still "highly uncertain".

In a letter addressed to the Chancellor of the Exchequer George Osborne, which was published after the release of inflation data in January, King delivered if said BoE's Monetary Policy Committee will re-estimate the rate of inflation slowed down to 2% target range by the end of 2012. Government data on Tuesday showed annual inflation rate in England fell to 3.6% in January from 4.2% the previous month.

"The influence of the factors that could be seen pushing inflation to subside," said King. "The decline of fuel prices and domestic energy prices, plus the start fading effect of the sales tax increase last year may have been one major factor suppressing inflation," he added.

While in response to a letter addressed to him, George Osborne said that the government's austerity plan however must still make room for the BoE to maintain a loose monetary policy.

News and review European Economic Zone (Germany)

German Economic Sentiment Improved

Tuesday, February 14, 2012

Germany, Europe's largest economy, seemed to keep the momentum of economic recovery following the improving economic sentiment. Economic sentiment index rose to 5.4, higher than forecast and the publication in January -21.6 -11.8. The euro rose 10 pips after the data was released. EUR / USD is now trading 1.3200, 1.3127 daily stay away from low level

News and Review of European Economic Zone

Euro Still Moving Range Trading Uncertainty Over Greece

Tuesday, February 14, 2012

The euro weakened thin although the Greek parliament will pass the Bill budget austerity measures aimed at addressing the sovereign debt crisis.

After being strengthened by the approval of parliament against austerity measures that will be executed next plus a bond exchange program that relieves the burden of debt of Greece, the euro currency even lose momentum because there are still hurdles to Greece before receiving bailout funding.

The stumbling block among other things, the approval of euro zone finance ministers who will be their discussion at the meeting next Wednesday, but investors were also still want to see how the ECB's participation in a debt exchange with Greece.

As part of an exchange of debt securities, private bondholders suffer losses expected from quite deep, because the new bonds will have a lower interest rate than the old debt.

EURUSD currency pair as a whole is predicted to still be moving range-trading in the range of 1:31:00 - 1.3300 given the many uncertainties in the market at this phase.

Dollar Push Gold Demand

Monday, February 13, 2012

Gold rose for the first time in four days in London after a weaker dollar encourages demand for the precious metal as an alternative investment.

The euro strengthened against the dollar after the Prime Minister of Greece Lucas Papademos get approval from parliament for a variety of austerity measures needed to get a second aid package. Hedge funds and other financial managers increased confidence that the U.S. futures contract will increase by 8.6 percent in the week ending February 7, beradasarkan data dai Commodity Futures Trading Commission show.

Gold futures rose 0.4 percent observed in March and could hit $ 1,728.78 an ounce in London, and until the news was revealed gold in the level of 1728.30. Prices fell 0.2 percent last week. April gold futures contract rose 0.3 percent, at $ 1,730.80 on the Comex in New York.

The metal to get an increase for 11 consecutive years in 2011 as investors diversify from equities and multiple currencies. Gold reached a record $ 1,921.15 in September, and ownership of bullion products that are traded on the stock 0.2 percent below its all-time rise in December.

News and reviews economic Zone Asia (China)

CIC: European Bonds is not Ideal for Investors

Monday, February 13, 2012

European government bonds are not ideal for long-term investors such as China Investment Corporation (CIC), the leader of a sovereign wealth fund worth U.S. $ 410 billion.

CIC Chairman Lou Jiwei said CIC in a meeting to be glancing into infrastructure and real industrial projects more attractive. "For example, European bonds, such as Italian and Spanish government bonds, central bank only with a particular responsibility to invest there. You know, for commercial investment, it is very difficult to make long term investments like us," Lou said as quoted by Reuters.

"Investment opportunities can be located in areas such as infrastructure and industrial projects, and projects can help economic recovery," he added.

CIC recently bought a minority stake London water supplier Thames Water, the first sign of a concerted effort to bring foreign investment in the UK economy to suffer, which may pay dividends.

News and Zonja European Economic Review (UK)

London's FTSE Level Test Resistant Lock 5.900

Monday, February 13, 2012

Banking sector and commodity stocks powering the strengthening of European stock markets, especially UK blue chip share index since the European session opening Monday after the Greek parliament approved the program budget savings required to obtain an international bailout.

Observed so far in the European banking index rose 1.6%, led by Commerzbank and Societe Generale rose respectively by 4.2% and 3.4%. While London's blue chip index (FTSE) rose 49.91 points, or 0.9% to a level of 5,902.30, and Barclays is still leading the strengthening of the banking sector by 1.3%.

Banking shares had fallen 30 percent during 2011 due to investor concern that Europe's debt crisis will destroy the balance sheet of the banks and the credit crisis triggered sector, successfully recovering on Monday after there are indications that Greece can avoid the possibility of default / failure to pay is not the case regularly.

Technically, shares of the London FTSE is still difficult to penetrate the resistance level above 5.900 since early February, based on the RSI indicator, fading a little upward momentum in the short term, but the trend remains bullish for prices FTSE able to hold above the 5.785 level.

News and Review of European Economic Zone (UK)

Sterling soared after the Voting Greece

Monday, February 13, 2012

Sterling rose against the dollar on Monday, bolstered by the strengthening of post-approval risk assets Greek parliament on the government budget bill savings, and managed to avoid the threat of default on an irregular basis.

Strengthening pound sterling is still limited but is expected ahead of the Bank of England inflation report on Wednesday to see if there was any chance of directions of further monetary easing.

Although the Bank of England a little more optimistic on the UK economy, but investors are still waiting for BoE inflation report on Wednesday. If there is no indication in the form of Quantitative Easing monetary easing should be a reflection of the condition of the euro zone are very weak and with the uncertainty that automatically could potentially weaken the currency pair GBPUSD.

Technically, GBPUSD is still facing resistance at the highest level of technical February 8 at the level of 1.5929 and MA 200 days in the range of 1.5928.

News and Review of European Economic Zone

Ratification of the Greek Euro Performance Dongrak

Monday, February 13, 2012

The euro soared on Monday after investors were relieved of the post-Greek parliament approved a bill that the budget savings the government is to secure the advancement of international bailouts, yet most investors are still skeptical of the strengthening euro because there is the next hurdle.

The draft law approved this has angered the Greek population, but on the other side of the rescue package worth 130 billion euros should be disbursed by international parties and prevent default on an irregular basis in Greece as well as maintaining the integrity of Greece in the European zone.

The next euro-zone finance ministers are still waiting for an explanation of how the government can do the Greek budget cuts amounting to 325 million Euro which is targeted to be achieved this year.

Overall agreement on the Greek austerity program will be support for the EURUSD currency pair short term. Resistance appears in the area nearest the 100-day MA is traded at 1.3325 - 1.3300. Translucent again over the area should trigger further bullish momentum towards 1.3500 area.

AIG Gold Under $ 1720 after the European Finance Minister Decision

Friday, February 10, 2012

Gold slipped below $ 1,720 on Friday weighed down by weak euro currency due to the anxiety of investors against the Greek bailout deal back sticking, thus triggering the cut loss on gold futures contracts.

Investor fears were related to the European debt crisis seems to have too much influence on the movement

On a weekly basis, gold is still poor performance has so far tracked down -0.4% over the previous week, as well as a decline in 2 consecutive weeks. Technical analysis suggests that the gold can be slipped into the area of ​​$ 1698 per troy ounce during this Friday.

In terms of supply demand, South Africa's annual gold production was reported down 8.2% YoY in December 2011. South Africa is still the world's third largest gold producer.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong Exchanges Closed Down 1.1 Percent

Friday, February 10, 2012

Hong Kong shares ended down today with the Hang Seng is down from a graph of resistance over the last 250 days. Hang Seng nevertheless managed to reach his sixth weekly gain.

Hang Seng Index closed down 1.08 percent and increased weekly by 0.13 percent to 20783.86.

China Enterprises Index turun2, 26 percent today and down 1.73 percent this week to a range of 11405.22.

Shanghai Composite Index rose 0.1 percent yesterday and 0.93 percent this week to 2351.98 range from media reports that home sales will increase.

Alibaba.com delayed by waiting for the announcement of the Alibaba Group. A source said the company will be included in the Hang Seng after reaching a swap deal with Yahoo.

News and Review of European Economic Zone

The euro slid After Failed Translucent Above MA100

Friday, February 10, 2012

The euro slipped from 2-month highs on Friday after euro zone finance ministers urge greater austerity program in Greece before approving the second phase of the bailout, and still open the possibility of default on an irregular basis.

Eurogroup chairman Jean-Claude Juncker said European finance ministers want additional spending cuts amounting to 325 million Euro, in addition to Greece still provides assurance that the policy will still be implemented after the Greek elections later.

Monitored by far the EURUSD currency pair fell -0.17%, to a level of 1.3262, and failed to break the 100 day MA above the level which is located at 1.3330 area.

News and Review of European Economic Zone (Greece)

In the long struggle of Greece Still Zone European Zone

Friday, February 10, 2012

Greece is still a long struggle in the euro zone, which is still struggling in an attempt to convince "colleagues" that his country would host a regional policy of implementing economic reforms and budget cuts in an effort to get a new bailout.

Olli Rehn said that the Troika Inpector have reached the last minute penjanjian staffing levels with the Greek government's latest austerity program.

"Not a minute too soon, but of course much valued goals in injury time," said European Commission vice-president of his arrival to discuss Greece with euro zone finance ministers.

"I believe that agreement on staffing levels will tonight be thoroughly scrutinized by the finance ministers of the euro area," he said. Now depending on the Greek government and parliament to be able to convince his European colleagues through a strong commitment and concrete action in terms of ensuring fiscal consolidation and structural reforms, Olli Rehn added.

Some euro-zone finance ministers earlier indicated that they were not ready to give the green light a new bailout of 130 billion Euro (USD 171 billion) to Greece although Greece's political leaders have agreed on new policy measures langkaj.

News and Review of European Economic Zone

Stock undermine European bank

Friday, February 10, 2012

European stocks fell, dragged down banking shares fell on concern the protracted debt crisis after the euro-zone finance ministers gave more prerequisites before it can approve the disbursement of funds bailout Greece. Greek political leaders have agreed to continue the policy of economic reform, but the euro-zone finance ministers demanded more austerity policies and the approval of the Greek parliament on policy reform.

"There is a perception of Greece will not be able to meet European expectations. Demand that Europe has previously requested not be fully realized Athens," said Justin Urquhart Stewart, director at Seven Investment Management. "The longer Greek increasingly anxious to get bailout funds market. This makes investors reduce exposure while waiting for more clarity on the situation of Greece. Britain's FTSE index fell 0.35% while the German DAX and French CAC respectively 0.9% and 0.7 %.