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China's inflation data release is surprising, Gold Back Stable

Thursday, February 9, 2012

Gold is stable above 1730 dollars per ounce, after being down about 1 percent in the previous session as China's inflation data are quite surprising and investors are still focusing on the Greek decision.

Gold was under pressure as the euro weakened after Greek political leaders failed to make a decision today, but China's inflation data is higher than the estimated saving in gold prices.

Spot gold declined slightly in the range of 1733.59 dollars per ounce. While the U.S. gold gained 0.3 percent to 1736.40 per ounce.

China's annual inflation rose 4.5 percent in January, well above previous estimates of market participants and end later than the consumption level for five months as the high level of new purchases in China last year.

Inflation data provide hope for China's central bank, but economists expect inflation to weaken in February was well below the target of monetary and fiscal policies the Chinese government.

Greece is still hesitant in making decisions likely to be a supporter of the gold to defend his title as a safe haven.

Today investors are waiting for the state policy of the European Union to assist Greece in the monthly policy meeting where interest rates expected to be maintained in the range as before until the end of this month.

Gold-silver ratio dropped to around 51, ​​its lowest level for more than three months. Spot silver was in the range of 33.97 U.S. dollars.

News and Economic Review Zone Asia (Korea)

Kospi Ends Positive

Thursday, February 9, 2012

Kospi closed at a record high six months at 265.00. The index rose 0.5% lifted by the action of buying by foreign investors who are buying shares worth KRW104.5 billion. Foreign investors were buyers in 19 of 21 sessions.

Shares of STX Offshore & Shipbuilding was the most actively traded stock by value. While the shipping stocks in general perform nicely on fears about Europe's debt began to erode. STX Offshore & Shipbuilding closed up 12.2% to KRW17, 000, while Hyundai Heavy Industries closed up 4.0% to KRW326, 000. Chemical stocks such as oil refining stocks also experienced a strengthening of the Hanwha Chemical +5.1% to KRW32, 900, Honam Petrochemical +3.5% to KRW395, 000, while shares of S-Oil refinery +4.7% to KRW144, 500. Utility shares fell after it was strengthened by the Korea Electric Power closed up 2.4%.

News and Review of European Economic Zone

Greece hints Will Give Decision Soon, Euro Up

Thursday, February 9, 2012

The euro rose to its highest point during the last two months against the dollar and yen after the leader of the Greek finance minister hinted that they will receive a second bailout of its international creditors.

Euro extends gains against the yen during the three days after the dreamer Greek political parties will negotiate a second phase of the bailout terms that require cutting pensions. The European Central Bank will conduct a policy meeting today. The dollar index touched its lowest point for two months in Asia.

The euro rose 0.4 percent, up 1.3306 U.S. dollars. Earlier euro had touched its highest point since December 12 in the range of 1.3313 per U.S. dollar. The euro rose to 102.77 yen, the highest since December 13 last. dollar rose 0.2 percent to 77.18 yen.

MSCI Index decreased 1 percent to remove the range of 126.65 per dollar.

Within three months, the euro fell 3.3 percent as well be the worst performance among 10 other currencies. While the pound fell 1.9 percent.

Today the pound rose 0.2 percent to 1.5846 per U.S. dollar. Won weakened after the Bank of Korea menaham their interest rates in the range of 3.25 percent today. Won a little correction in the range of 1115.73 per U.S. dollar was down 0.5 percent after earlier.

News and Review of European Economic Zone (UK)

Sterling Rebound Opportunities

Thursday, February 9, 2012

Movement on the GBPUSD 1 hour chart's look at areas of support where it is likely pounds going to rebound upward. The technical indicators are in a bullish stochastic. If prices penetrate resistance where there is an opportunity 1.58231 pound will strengthen and move upwards towards 1.58629 resistance. Conversely, if the pound weakens and penetrates 1.57909 support it is possible that prices will move down towards the trend line support to 1.57587.

News and Review of European Economic Zone

Euro will be corrected

Thursday, February 9, 2012

Movement on EURUSD 1 hour chart's look held strong under strong resistance area where there is a tendency euro will be corrected. The technical indicators of the stochastic is in overbought. If the euro weakens and penetrates the support trend line and then there is the possibility of 1.32253 euro will move down to support 1.31563. Conversely, if the euro broke through the resistance and then there are chances of 1.32870 euro will move up to 1.33454 resistance.

Gold Resistant Test Key $ 1750

Wednesday, February 8, 2012

The spot price of gold declined after testing the level of resistant locks $ 1750 per troy ounce on Wednesday, but failed to penetrate consistently above that area because investors are still waiting for the agreement Greece to receive the program budget savings and reforms in exchange for getting financial assistance worth 130 billion Euro .

Gold still has the potential to offset the lower price if Greece managed to reach an agreement, because it would reduce the safe-haven appeal of gold and the dollar, although in the long run the euro zone debt crisis is still supporting the overall sentiment in gold.

Other positive catalysts in the long term gold is the central bank in the world still run an accommodative monetary policy to the economy.

Technical analysis indicates the potential for a Gold fell again to the area of ​​$ 1730. The weakening of the gold prior to the area of ​​$ 1710 has fueled the purchase of physical gold in Asia, but those buying has shrunk after the price of $ 1,750 touch-level resistance.

News and Economic Review Zone Asia (Japan)

Stay away from Japanese Yen Fall strongest Record Level

Wednesday, February 8, 2012

The euro also touch 7-week highs against the Japanese yen triggered by the stop loss buying. Japanese Yen currency also weakened as a whole on the stock.

Most investors see the technical outlook for EURJPY cross rate has improved after penetrating above the resistance level of 102.00.

Performance of the Japanese Yen against the dollar also fell after a report that Japan's surplus dropped sharply to its lowest level in 15-years during 2011.

Observed so far EURJPY traded currency pair rose 0.42%, to a level of 102.20m after reaching an intraday highs at 102.43 area, while its daily lows at 101.69 level. USDJPY rose 0.39% while the level of 77.04 m.

News and Review of European Economic Zone (UK)

Banking And Mining Boost FTSE 100

Wednesday, February 8, 2012

London Stock Exchange resumed trading in the session into positive territory Wednesday, with the increase in mining and banking sector lifted the UK benchmark index.

The FTSE 100 rose 0.3 percent to a level of 5,906.7 in early trade, stop the decline in two consecutive days.

For the past few days, so investors monitor talks in Greece, where the policy pebuat negotiate an agreement on a new round of austerity measures. Party leaders approached kesepkatn on Tuesday night, but talks again delayed, reports media reported yesterday.

Banks across Europe are no exception British banks traded higher. With Lloyds Banking Group PLC shares rose 1.8 percent and Barclays PLC moved up 1.5 percent. Royal Bank of Scotland Group PLC and Standard Chartered PLC rose respectively 1.2 and 0.8 percent.

The mining sector rebounded after menudukung decline in early trading this week. Rio Tinto PLC shares led gains in the sector, resulting in increase of 2.4 percent, while Fresnillo PLC rose 1.8 percent. Xstrata PLC and Glencore International PLC moved into positive territory a day after announcing the merger of all its shares. Xstrata shares jumped 1.8 percent and Glencore rose 1.1 percent.

BHP Billiton PLC rose 0.9 percent after it reported net profit decreased 5.5 percent in the first quarter. Anglo-Australian company said the increased costs, disruption of production and falling prices komoidit affect performance in the period.

News and Review of European Economic Zone

European Stocks propped Greek Progress

Wednesday, February 8, 2012

European stocks rose on Wednesday, ending a weakness for 2 days at a stretch, helped by a positive outlook for corporate earnings and investor speculation that Greece may ultimately secure a bailout funding to avoid default on an irregular basis.

Another positive catalyst is the ECB's readiness to redeem their bond holdings by Greek EFSF bonds at a discount, where it is a positive step that could ease the process of disbursement of bailout funds.

According to the ECB proposal will not result in losses for the ECB and on the other side of Greece's debt burden can be reduced by 11 billion Euros.

Monitored by far London's FTSE stock index has gained 0.28% to as low as 5,857.50, while Germany's DAX stock terkerek rose 0.58% at 6,798.50 level and the French CAC climbed 0.38% traded at 3,425.0.

News and Review of European Economic Zone (UK)

Slipping Back Pound Under 1.5900

Wednesday, February 8, 2012

After briefly touching its highest level at 1.5929 daily, which is slightly below the 200-day MA, in early London trading session on Wednesday, GBPUSD should back slipped about 30 pips lower to back trading below 1.5900 psychological level.

Rumors are circulating in the market about the existence of large purchases EURGBP suspected to be the main cause of the decline in the pound last 1 hour.

In terms of technical, analyst at Windsor Brokers, Slobodan Drvenica argue if "efflux back above 1.5900 level, is likely to re-open opportunities for the pair to reach the 200-day MA is currently in the range of 1.5943. But that looks overbought conditions the short and long term charts will try to hamper efforts to increase GBPUSD. "

As the last movement of GBPUSD, Drvenica put the support level at 1.5860, 1.5840 and 1.5800.

Copper Weakens, The impact of RBA Interest Rate and Debt Crisis Greece

Tuesday, February 7, 2012

Copper price movements for trading today (7/2) observed weakened. Metal commodity raw materials industry back down to follow negative price movement of crude oil. In addition, poor fundamental conditions that developed in the last two days signaled it is not good for metal commodities.

In addition, other negative sentiment coming from the back of its permanent level of interest rates the Central Bank of Australia (RBA) in the 4.25% level. The decision was to beat its previous forecast that predicts that interest rates are expected to decline by 25 basis points.

Copper futures declined by 0.49% to 3.84 dollars per pound with the support level of 3.8 dollars per pound and resistant level of 3.87 dollars per pound.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng Slim Down, Only 0.05%

Tuesday, February 7, 2012

Hong Kong stock exchange for trading today (7/2) closed lower thin. As of the end of trading today the stock apparently has not been able to rise due to fairly strong negative sentiment coming from Europe related to the failure of Greece's debt repayment agreement.

Hang Seng Index closed down by 0.05% to 20699.19 basis points. While index futures has increased by 135 basis points to 20 783 points with the support level of 20 650 points and resistant level of 20 928 points.

The shares of which are weakened CCB shares fell 0.94% to 6.32 HKD, Ping An shares fell 1.65% to EUR 62.7 and China Coal shares fell 1.97% to 9.96 HKD.

News and Review of European Economic Zone (Greece)

Non-stop demonstrations Held in Athens

Tuesday, February 7, 2012

Similar to the condition of a few months ago, the Greeks re-efficiency policies opposed by the majority of citizens. Unions today launched a compact mass demonstration against the government's new discourse.

Lucas Papademos Prime Minister demanded a policy of ruthless as a prerequisite to get a new bailout from the European Union and International Monetary Fund (IMF). This includes wage withholding clauses for an undetermined period of time. As many as 15,000 civil servants and relevant agencies must be willing even laid off this year.

24-hour strike by employees of the private sector and civil servants. In addition to freezing the transportation routes in the city of Athens, ferry operations were also suspended. The public service offices, schools and courts are also not active today. A total of three major protest is planned in three separate places of Athens.

The coalition government is trying to pass another reduction proposal as soon as possible so I can get a bailout of 130 billion euros. If not, then the country threatened with bankruptcy in March. Parties Troika (EU, IMF and ECB) yesterday to discuss development issues has been bailed out yesterday. The meeting resumed today and the government are expected to ask for waivers in specified trimming program.

News and Review of European Economic Zone

European Stock Markets Flat At the opening; Shares of UBS, LVMH, Xstrata Down

Tuesday, February 7, 2012

European stock markets traded mostly flat at the opening session Tuesday, with the focus of market participants focused on a number of income data, news ditamah agreement in the mining sector.

The Stoxx Europe 600 flat at 264.31 level, with shares of UBS AG against the positive trend in the banking sector, which fell 2 percent after laporka revenue.

France's CAC 40 Index rose 0.3 percent to a level of 3,415.30, led by a 1.2 percent rise in shares of BNP Paribas SA and 2.2 percent shares of steel producer ArcelorMittal SA after the earnings report.

Shares of LVMH Moet Hennessy Louis Vuitton SA fell 2.6 percent in Paris, following the decline in the luxury goods sector, with Christian Dior SA shares fell 3.1 per cent and Burberry Group PLC fell nearly 2 percent.

German DAX 30 index flat at 6,768.08 level. as well as a flat FTSE 100 index at the level of 5,890.96, with shares of Xstrata PLC dropped 2.7 percent after announcing kerjasa with Glencore International PLC.

News and Review of European Economic Zone

UBS Forced Performance Mixed European Exchanges

Tuesday, February 7, 2012

European markets moves mixed in opening trade on Tuesday (7/2) with the potential to decrease the performance of UBS which raises concerns about the performance of the company.

FTSE index rose 0.04% to 5894, the DAX rose 0.1% to 6777 and the CAC index rose 0.2% to 3415. European bluechips stock has risen 155 for seven weeks. While the DAX index was up 20%. So quoting yahoofinance.com.

On Tuesday morning, UBS mengisyaraatkan in the first quarter of this year will experience a decrease in performance with the uncertainty in the European Union. It is already ditandari with decreased performance in the fourth quarter of 2011.

In addition, ArcelorMittal, the world steel giant that controls 7% of world steel products decreased to 29% profit in the fourth kuarta. However, BP had a positive increase in earnings from year to year.

On Monday, as many as 23% of the 600 companies in the European exchanges have reported performance. But only 545 of them are beyond expectation. While 46% have met even under estimated.

The market is still worried about the debt situation of Greece. Moreover, the potential failure still must pay the 130 billion euro bailout or the cost of U.S. $ 170 billion.

Asian stock markets fell as the Hang Seng index fell 0.05%, the Nikkei fell 0.1%, the Shanghai index fell 1.6%, ASX index fell 0.5%.

Technical Rebound Gold Show Potential to $ 1742

Monday, February 6, 2012

Gold spot price of potentially having a technical rebound toward the area at least $ 1742 per troy ounce, as indicated by the pattern analysis Elliot Wave and Fibonacci correction.

Technical rebound is likely triggered by the formation of 5 waves down from the area from $ 1762.90 to $ 1720.90 on the graph area, other than that there are analysts that shows Fibonacci correction target level of 50% Fibonacci retracement is located in the area of ​​$ 1742.

Yet after a rebound, gold is still vulnerable to fall again towards the $ 1700 area while awaiting the development of the eurozone debt crisis, especially if Greece facing a deadline of March 20, but have not received a rescue package of the second phase of the European Union.

Another risk is to focus on the European banking sector affected by the debt crisis still could shrink the global economic optimism after a U.S. jobs report is positive.

News and Economic Review Zone Asia (Korea)

Foreign Investors Pumped, Seoul Stock Uphill

Monday, February 6, 2012

Seoul shares rose today after the value of a resistance to nearly 2,000 points which triggered profit taking.

Greek coalition parties must notify the European Union today is whether they accept the offer of a new bailout on the condition that is severe enough, while the EU seems to not wait for certainty comes from the Greek.

KOSPI was up 0.24 percent at 1977.11 points, down kisraran after rising to its highest point for six months in the range of 1996.05 at the market opening.

On Friday investors prefer to buy rather than sell shares at the stock reached 155.5 billion penbelian won. Institutional investors to buy shares of some 5.1 billion won after selling up to 2 trillion won in shares during the nine sessions back-to-speak.

Seoul shares rise led by the Hana Financial Group rose 3.8 percent while Woori Financial Holdings rose 2.53 percent.

Flat screen maker LG Display rose 4.29 percent, extending gains for five consecutive weeks with the expectation that more revenue in 2012 due to the large demand for tablets and smartphones stabilize the price of television.

Hanwa Shares Corp. fell 5.15 percent after the company's CEO said they suspected of embezzling company funds.

POSCO, the company's third-largest steel maker in the world, fell 1.32 percent after their fourth quarter earnings lower than expected.

News and Review of European Economic Zone (UK)

House Prices In UK Back writhing

Monday, February 6, 2012

Lloyds Banking Group division of Halifax submit data on Monday that house prices in England recovering after two consecutive monthly fall and collapsed

House prices rose 0.6 percent, which is a correction of the decrease of 1 percent last month.

While for a period of three months to January, a decline that is not too significant 1.8 percent lower than the same period a year earlier.

UK housing economist, Martin Ellis said that if the UK can avoid a prolonged recession, it is expected that qualified for the stability of the UK sector of the future in home prices in 2012.

News and Review of European Economic Zone (Greece)

Greek Banking Sector Conquer Europe

Monday, February 6, 2012

Europe's main bourses have knocked out of the 6-month highs that had touched at the beginning of the trading session this week, following a re-outbreak of anxiety about the ability of Greece to avoid default after the politicians in power in the country has not yet reached a consensus on austerity measures necessary to secure the bailout package.

Greek coalition parties are required to accept the proposed requirements of the European Union, the ECB and the IMF wants the implementation of austerity measures and further economic reforms before the disbursement of the international bailout to-2, which will help this Mediterranean country to pay its debts that will mature in next March.

Banking sector stocks, which have significant exposure to the debt problem countries in the eurozone, had another severe blow in the trading day earlier this week.

In France, Credit Agricole shares fell 3.85%, followed by Societe Generale SA lost 3.7% and BNP Paribas SA fell 2.5%, pressing the CAC 40 slipped 1.2%. While in Frankfurt, where the DAX index fell 0.65% after Deutsche Bank AG shares traded 2.8% lower, followed by Commerzbank AG fell 1.9%.

While the British FTSE index moved 0.5% lower as stocks fall 4.4% in Glencore International after the emergence of news that says if the EU Competition Commission will investigate the company's merger with Xstrata PLC.

News and Review of European Economic Zone (UK)

Sterling slumped Anticipation Step BoE

Monday, February 6, 2012

Sterling soared against the euro on Monday as the uncertain outlook for the Greek bailout again pressing the single currency Euro. Sterling against the dollar also dropped due to anxiety Greece as a whole instead prop up the U.S. dollar.

UK economic data of late enough to strut, but many analysts still believe the BoE to increase their asset purchase program on the monetary policy meeting on Thursday this week.

If the BoE announced the QE total greater than expected this week, of course, potentially Sterling currency slumped deeper.

Greek coalition government itself still has the dilemma to accept the conditions diberbalukan by the EU in order to receive aid amounting to 130 billion euros, on the one side of the main political parties agree to these terms less Greek.

Technical studies indicate that the 200-day moving average in the 1.5965 area still needs to be impenetrable to add further bullish momentum. Observed so far GBPUSD currency pair is trading at 1.5732 area.

Gold & Stock Login Phase Saturated Buy

Friday, February 3, 2012

Gold prices and the stock market has entered a phase considered overbought overbought alias.

Deputy Head of Research Valbury Asia Securities Nico Omer says this is because the pattern of investor behavior too complacent or satisfied with the hope of the world economy which was considered a positive start.

"This is turn makes the world stock markets vulnerable to a correction in the short term," said Nico to Legal in Jakarta, Friday (03/02/2012).

Besides, he added it was indicated by the technical overbought RSI or relative strenght index. "While the dollar has also entered overbought," he concluded.

In late trading Thursday when the U.S. stock market United States (U.S.) moves down because of market players wait and see the jobs report.

In late trading Thursday, the Dow Jones Industrial Average fell 11.05 points, or 0.09 percent, to 12705.41. Standard & Poor's index rose 1.45 points, or 0.11 percent, to 1325.54. And the Nasdaq Composite Index rose 11.41 points, or 0.40 percent, to 2859.68.

News and Economic Review Zone Asia (Japan)

Nikkei overload Earnings Performance

Friday, February 3, 2012

By noon the movement of the Nikkei stock burdened by such a large scale Softbank Corp. and Yamaha. Index fell 0.1% to 8820. "Overall, the market is still relatively weak but still visible appreciation for the efforts to restructure the company for short-term profit, according to financial director in a foreign stock exchange.

Sumco and Sony shares rose. "Indicators of the macro economy enough to push the market to signal the strengthening of the U.S. economy. While the European credit markets also started strong." 20/33 Topix subindeks Softbank weakened by -3.2% to Y2, 157. Yamaha also fell 6.5% to Y686. Sumco at Y675. Sony +7.6% to Y1, 429.

News and Review of European Economic Zone

Euro And Aussie Weak , Dollar Continues Depressed

Friday, February 3, 2012

Euro and Aussie fell in Asia today non-manufacturing data from China in a positive boost market sentiment and investors are still awaiting the release of the U.S. labor market data.

Sales of non-manufacturing index fell to 52.9 in China in January of the range of 56 in the previous month. It weakens the price in the range of 1.3114 euros per U.S. dollar while the Australian dollar fell 0.2 percent menajdi 1.0675.

Euro and the Australian dollar dropped after HSBC China Services show the service sector in the country's steady progress in step with increasing demand in January in January but more or less affected investors are still awaiting data from the U.S..

Investors also are awaiting the outcome of negotiations between Greece and its creditors for approval of the bond swap is called Private Sector Invlovement (PSI). Greek side repeatedly insisted that the negotiations are going well and the agreement between the EU and Monetary Affairs Commissioner, Olli Rehn said the outcome of negotiations will be reached this weekend.

Aussie tends to end this week after stopping the rally with a decline of 2.8 percent last week. while the euro was steady at 1.20 francs position after the Swiss national bank says

The dollar was in the range of 76.18 yen, down from 78.29 yen the previous range. Earlier the dollar had touched a record low of 75.31 yen range on October 31 when Japan intervened heavily to suppress the price of their currencies.

The dollar continues to come under pressure since the Fed last week said they would keep their interest rates near zero.

Data from the long-awaited U.S. data expected to show U.S. job market rose 150,000 in January and keep the rating number of unemployed remained at 8.5 percent.

Experts said the stimulus funds from the Fed will boost the market sentiment on the one hand, but it weakens the dollar on the other.

News and Review of European Economic Zone (Greece)

Absolute poverty Waiting Greece

Friday, February 3, 2012

In the current state financial officials and creditors discuss the future of Greece's debt, most of the little people in the country was struggling to live decent.

Program cuts in the style of government has lowered the level of welfare of citizens of Greece. Reduction in health care subsidies and labor to make the people suffer. Not only that, the 'punishment' is more cruel ready for when the government launched a new efficiency program to meet the requirements of 130 billion euro bailout.

No human beings are more pessimistic about the year 2012 in addition to addressing the citizens of Greece. Media today Kathimerini writes predictions commercial employment decline of 160 thousand positions so far this year. This figure is a calculation of the National Confederation of Greek Commerce (ESEE), who actively criticize the current business conditions. Employment muller factors include income level is too low, layoffs and business closures due to entrapment of the capital crisis.

Greek labor data suggests as many as 4.15 million people are still actively working. Commercial sector contributes 4% of the decrease in the amount of labor so far. ESEE warned that Greece is only a step away from achieving 'absolute poverty'. All citizens must bear the financial condition of the country without a surplus but huge debt burden.

In his writings, the Greek Kathimerini said the company had lost 60 thousand and 100 thousand employees since the crisis. It makes the level of heads of household spending fell 6.2% last year. The level of household consumption is predicted to fall 4.3% this year, or continued sluggishness in the last two years. While the number of business units and business bankruptcy threat could potentially rise until doubled.

News and Review of European Economic Zone (Greece)

Negotiations Greece Without Clarity

Friday, February 3, 2012

Sentiment improved in Europe began to appear after the fiscal agreement with the euro zone. But negotiations between the Greek bond loss rate of the monetary authority and the creditor still held tough.

At the beginning of this week, the parties involved in the Greek debt negotiation optimistic if consensus can be achieved in a matter of days. But even more sticking pessimism ahead of the second week in February. "Negotiations trimming losses tingat Greek super-complex," said Head of the euro zone, Jean-Claude Juncker, Luxembourg yesterday. He saw stagnation in the process of the talks could hamper efforts to bailout the submission of Volume II of Greece. In front of his colleagues from 17 members of the euro, Juncker even joked that the moment of completion of negotiations Greece will be 'the happiest time in his life'.

Expressed a similar opinion of the lender that holds to resist the loss is too great. "We are getting closer, but the finalization could take days or weeks," said Josef Ackermann, head of the Institute of International Finance (IIF) and the CEO of Deutsche Bank, one of Greece's debt asset holders. In order to deal more quickly achieved, Ackermann plans visited Athens this weekend.

Creditors have so far refused offers of trimming the value of the asset by 70% or more. The amount is considered too large for a policy of 'write-down'. "Why do we have to sacrifice more," Ackermann said in a statement to the European Union and the European Central Bank (ECB).

In addition to fighting for trimming the value of bonds, Greece is also struggling to lobby the European Union and International Monetary Fund (IMF). This country needs a bail out 130 billion euros in order to pay off previous debts that will mature next March.