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Gold Translucent Highest Level

Thursday, February 2, 2012

Gold traded rose to its highest level in eight weeks along with stocks and other commodities. Strengthening of gold is influenced by the improvement in the global manufacturing sector, a weak dollar and growing demand for alternative investments.

Spot gold rose to 0.5 percent to $ 1,751.97 per ounce. The highest increase since the last time on 8 December.

Overall strengthening of the positive data of commodities are influenced by the purchasing managers in China, Europe and America. While the rise in gold is influenced by several positive economic data and the strong euro exchange rate against the dollar.

The growth of manufacturing sector in America until the rise of India and China sparked optimism that the global economic recovery will be able to reduce the anxiety of Europe's debt crisis. This condition is also encouraging rebound stocks and commodities, including copper and oil.

Gold bullion for delivery in April rose 0.2 percent to $ 1,753 an ounce on the Comex in New York.

In addition to gold with high levels of 99.99 percent on the Shanghai Gold Exchange, China's largest physical gold market reached 355.49 yuan per gram yesterday.

Other metal products such as Silver rose 0.7 percent to $ 33.9225 an ounce. Cash Platinum rose 0.4 percent to $ 1,624.50 an ounce and traded at $ 1,622.50. Spot palladium rose 0.4 percent to $ 699 per ounce.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong Stock Exchange Opens Stronger, Banking China In Focus

Thursday, February 2, 2012

Hong Kong stocks rose today following Wall Street due to the strengthening of manufacturing data better than expected with a fixed focus on the banking sector after borrowing requirements simplified. This movement diumukan yesterday by the China State Council which is designed to strengthen and support the Chinese market shares listed in Hong Kong.

Yesterday, China Enterprises index ended down 0.4 percent. The Hang Seng closed down 0.3 percent at 20333.37 levels were still in the range of its average over the last 400 days.

Short sales grow 9.2 percent in Hong Kong after last week's drastic increase of 31.6 percent.

Nikkei up 0.8 percent at 8.8821 level while the KOSPI rose 1.8 percent at 1993.6 level.

The company predicted that housing construction will be under pressure after the selling price of homes in 100 cities in China fell 1.8 percent in January from December, marking the price decline for five consecutive months.

Diesel backup account after China became the focus of the Beijing government to reduce solar subsidies in 2012 after the price of construction for the production of diesel fuel fell, China noted that financial minister said yesterday.

Center of gambling in Macao, the biggest gambling destination in the world, rose 34.8 percent in January to 25 billion patacas (3.13 billion U.S. dollars), the government said yesterday. The development is driven by many visitors after the Chinese New Year holidays.

Aluminum prices predicted to rise by 10 percent from the previous price at the end of the second quarter according to a senior executive at Rusal, the world's largest metal producers yesterday.

News and Review of European Economic Zone (UK)

GBP / USD Located In Limited Range Towards PMI Data

Thursday, February 2, 2012

Consolidation GBP / USD continues around the 1.5840 price zone ahead of the opening of Europe, has been very limited trading between 1.5825 and 1.5856 so far on Thursday, the last at 1.5842, up 0.08% was on this day .

"Cable positively to the U.S. dollar sentiment is supported by risk and IMP Manufacturing data better yesterday," described by Abhishek Goenka, CEO of India Forex Advisors. "Support levels seen at 1.5810 (daily 200-day EMA) while resistance is seen around the 1.6000 level."

Giving his views on GBP / USD, Goenka said the couple is likely to trade in a range from 77.10 to 78.00 today, the last recorded at 77.65 acres.

The events are at risk today, including figures for pound IMP Construction in January will release a few hours at 09.30 GMT, is expected to continue showing positive conditions in the construction sector.

News and Review of European Economic Zone

EUR / USD Down; Observe U.S. Jobs Data

Thursday, February 2, 2012

EUR / USD weakens on profit-taking after struggling to break through resistance at 1.3250 has failed.

"Profit-taking appears to have kicked after a rally on Wednesday in the doldrums," said a dealer at a bank trust, "but the downside is limited in the broad dollar weakness," he added.

Currency pairs are located at 1.3169 after rising as high as 1.3197 in early Asian trade.

Dealers said the focus now on U.S. jobs data to be released Friday, if the data reinforces the view that the U.S. labor market remains weak, which can inflate the EUR / USD again.

News and Review of European Economic Zone (UK)

Sturdy on Sterling Economy As constrained

Thursday, February 2, 2012

Until lunch break session (Thursday, 2 / 2) Sterling rallied brilliantly to reach record high of $ 1.5857 because these currencies are bought back a lot of data after the UK manufacturing PMI jumped well above expectations.

UK manufacturing sector PMI numbers recorded rose to 52.1 from 49.7 previously and well above market expectations of 50.0. The improvement in the sector numbers instantly trigger a pound surged to near its highest level in 2?-Months against the U.S. dollar.

However, the weakness of most of the UK last week's data still highlights the fact that the economic outlook is still not as good as expected. Some recent UK data, including GDP, still showed the economy was on the verge of recession, and the condition is likely to urge the BoE (Bank of England) to immediately add the asset buying program to boost the economy.

As a result, the majority of analysts still recommend a sell on every rise in British currency, given the BoE seems to have been preparing to announce a further round of QE in February.

Waiting U.S. oil inventories data

Wednesday, February 1, 2012

Tracked oil prices amid the Asian trading session on Wednesday (01/02). Market participants are still awaiting the release of U.S. inventory data (U.S.).

Crude oil for delivery in March rose about 20 cents to around $ 98.70 a barrel on the Nymex. In North American trading session overnight, oil fell 0.3% due to the strengthening of the dollar and U.S. data release of disappointing economic fundamentals. Poor economic performance in the U.S. threaten the level of domestic oil demand.

On Tuesday, the American Petroleum Institute (API) report significant increases in oil stocks for the week ending January 20. Volume is 2.01 million barrels higher than previous reports. The long-awaited inventory data today is the report version of the Energy Information Administration (EIA). Analysts surveyed by Platts agency estimates that crude oil stockpiles rose 3 million barrels, gasoline Maik 1 million barrels and distillates fell 1.2 million barrels. Until around 14:15 GMT, oil prices tend to weaken to around $ 98.60 per barrel.

News and Economic Review Zone Asia (Hong Kong)

Hong Kong Budget Surplus The shrunken

Wednesday, February 1, 2012

The quality of the financial balance of the Asian countries eroded by economic conditions and increased expenditure needs. Today, the Hong Kong government declared that the surplus for the last fiscal year dropped significantly.

Finance Minister John Tsang today estimate the consolidated budget surplus of Hong Kong of HK $ 66.7 billion (U.S. $ 8.55 billion) for the year ended March 31. The amount is lower than the record surplus last year reached HK $ 75.1 billion.

In addition, the government also estimates a budget deficit for the fiscal year commencing 1 April. In a speech in front of the legislative council, Tsang projected budget deficit of about HK $ 3.4 billion for next fiscal year.

He also meprediksi Hong Kong's fiscal reserves of HK $ 662.1 billion on 31 March. The amount is equivalent to the value of government purchases for 22 months. Capital spending for this fiscal year is estimated to range from HK $ 366.4 billion.

News and Review of European Economic Zone

European bourses Potentially Positive

Wednesday, February 1, 2012

European stocks rose on potential trading Wednesday (1 / 2) with China's manufacturing data better than expected.

FTSE predicted to be up 28 points, the DAX 39 and CAC rose will go up 24 points. While the majority of Asian stocks fell as the Hang Seng index fell 0.06%, the Nikkei index up 0.08%, the Shanghai index down 0.5%, ASX index fell 0.8%, Kospi up 0.2% and STI index fell 0.4% and KLSE index rose 0.5%. So quoting yahoofinance.com.

China's PMI data for January to 50.5 from 50.3 in December. But the global economic uncertainty has the potential to encourage policies that support economic growth. This manufacturing data beat market expectations.

Ahead of the IPO market is also anticipating the social networking site Facebook on Thursday. Facebook IPO will submit documents to the regulator on this day can be achieved by targeting new funds of U.S. $ 5 billion.

Today there is the release of UK manufacturing data followed an estimate of inflation the European region.

News and Review of European Economic Zone

EUR / USD: Depressed, Potential Test 1.3002 - 1.2954

Wednesday, February 1, 2012

EUR / USD is currently under strong bearish pressure. CCI 1 hour start pointing upward while also beginning to intersect even though the stochastic is in oversold area yet. It is possible pullback will occur if the signal is confirmed bullish and prices accelerate to above 1.3081. The pullback is expected until the resistance at 1.3146 area and that level can we use as a reference to find a bearish signal.

Note also the support at 1.3040 due to the breakdown of support has the potential to push the euro down to the range of 1.3002 - 1.2954.

News and Review of European Economic Zone (UK)

Beware of Correction Sterling Down $ 1.57

Wednesday, February 1, 2012

Until the afternoon session on Wednesday (01/Feb), pound sterling is still stronger than observed with the single currency Euro is now gliding toward the level of $ 1.3.

Although both corrected, but the fall in sterling is not as severe CAD due to the high demand for USD due to slightly improved sentiment toward risky assets, so triggering the transfer of the USD to GBP. In addition kokohnya Sterling Pound is also due to the increasing demand for adjustment at the end of the month.

But should be wary, that Sterling is now extremely vulnerable to a correction moreover it is possible enactment continued monetary easing policy in the UK in the coming weeks. Besides optimism for the British economy has begun to fade back after weak money supply data and the UK consumer credit released yesterday.

Technically, the daily Stochastic indicator also shows the curve bearish thus allowing prices to drop to as low as $ 1.5700 to $ 1.5660 in order to proceed. While the resistance will only be limited to the level 1.5770, then 1.5800 and 1.5840.

Weak Japanese Industry Data More Than Estimated, Oil Soar

Tuesday, January 31, 2012

Oil rose as investors speculated that fuel demand will probably rise due to production in Japan is excited.

Oil futures rose 0.6 percent after declining for more than last week. Japan's factory production rose 4 percent last month, Japan's trade minister said today. This increase is the best in the last seven months. Prime Minister of Greece, Lucas Papademos mengatkan that had occurred a significant process mengenaik bond swap with creditors after he attended a meeting of EU leaders in Brussels yesterday. Iran threatened to halt the supply is related to the plan embargo.

Oil futures for February delivery rose 54 cents to 99.32 dollars a barrel on the NYME. The contract yesterday fell 78 cents to 98.78 dollars, its lowest since January 20. Oil prices rose 0.5 percent this month.

Brent futures for March delivery rose 39 cents to 111.14 dollars a barrel on the ICE Futures Europe Exchange trading. This month, Brent futures rose 3.5 percent. European premium contracts on West Texas Intermediate in the range of 11.84 dollars compared to the range yesterday for $ 11.97 dollars.

Japan's industrial output was weaker than the experts predicted. Production rose only 2.5 percent, less than 3 percent forecast by the experts. During 2011, Japan consumed 4.48 million barrels of oil per day.

News and Economic Review Zone Asia (Japan)

Japan Auto Exports -2.1% this year in December

Tuesday, January 31, 2012

Japanese exports of cars, trucks and buses fell 2.1% on year in December, falling for the first time in five months, as the Japanese automaker tried to reduce exports from their home country in the midst of a strong yen.

Exports reached 457,464 vehicles in December, down from 467,514 vehicles in the same month a year earlier, the Japan Automobile Manufacturers Association said Tuesday.

For 2011, exports of cars fell 7.8% to 4.46 million vehicles, marking the first decline in two years, says JAMA.

Japanese car makers were forced to slow production for months last year after the earthquake and tsunami hit northeastern Japan in March.

News and Review of European Economic Zone (Italy)

Italian PM: Meeting Satisfying!

Tuesday, January 31, 2012

European Union (EU) yesterday managed to agree with the signing of the fiscal pact. Many people seem satisfied with the results of the meeting in Brussels, is no exception Mario Monti.

Italian Prime Minister said quite satisfied with the meeting last night. European officials judged very cooperative in efforts to prevent a wider crisis. "The meeting produced results," said Monti relieved. Total of 25 EU countries (except UK and Rep. Czech) ready to sign deal on fiscal integration. Regulation titled "Treaty on stability, coordination and governance in the economic and monetary union" is designed to suppress the number of deficits and fiscal discipline all members.

"It is important for the EU reached political agreement, because it can prevent problems and reduce the fiscal controversy," Monti said at a news conference. Italian Prime Minister also believed that the pact that could guarantee the solidity of the balance of the country collectively. Through the central bank (ECB) and supporting institutions, the EU believes is much more solid in a constitutional manner. European Council President, Herman van Rompuy, said that the 17 euro zone countries are ready to sign an agreement on the meeting in March, didamping leaders of non-euro countries.

News and Review of European Economic Zone

European Union: Tightening Control Budget

Tuesday, January 31, 2012

According to news agency Reuters, which said on Monday, an agreement of the EU Conference in Brussels.

In the last two years, European leaders met 17 times to discuss ways to overcome the debt crisis in the euro user groups that could threaten global economic stability.

In this meeting, 25 EU member states agreed with the proposal of Germany to set up mechanisms which discipline is more stringent budgetary spending in each member. Only two members who rejected the proposal, namely the UK and Czech Republic.

This decision was welcomed by the European Central Bank, which wants the members of the EU should tighten budgetary control. Severe financial crisis that hit Italy and Greece recently is because they are burdened with massive debt through bond sales to private parties.

News and Review of European Economic Zone (France)

Sarkozy Affirm European Financial Crisis Start Stable

Tuesday, January 31, 2012

French President, Nicolas Sarkozy, said the financial crisis in the euro area is stabilizing, and it is more due to a variety of policies that have been taken by European leaders.

"Can we say, very carefully, we see some elements of financial instability in France, in Europe and the world," Sarkozy said in an interview with national television in Paris, today, as reported by Bloomberg page on Monday (30 / 1). "Today, Europe is no longer on the brink (recession)."

The statement surfaced on the eve of EU summit in Brussels, Belgium. In the summit, European leaders are expected to complete the finishing touches on the agreement control the budget deficit and encourage a more stringent rules relating to the rescue fund of 500 billion euros, or about 661 billion U.S. dollars this year.

Earlier, last weekend, Greek and some private creditors expect to complete the deal within the next few days after bondholders signaled they would accept the demands of European countries to slash its debt holdings greater.

Efforts to maintain a 17-member euro area countries coincided with the worsening economic outlook. Based on the average estimate of 19 analysts compiled by Bloomberg, the eurozone economy would contract 0.5 percent this year.

Gold Price Correction Natural Fair After Reaches Highest Level in 7 Sunday More

Monday, January 30, 2012

In today's electronic trading gold price decline (30.1). The metal is experiencing a correction after a reasonable reach the highest position in more than seven weeks at the end of trading last week. Gold prices fell ahead of a meeting of EU officials are scheduled to discuss the handling of the debt crisis in the region.

Market participants are still anxious about the continued handling of the crisis the euro area. Meeting will be held today in Brussels to complete the agreement and determine the status of budget discipline rescue fund an additional $ 500 billion euros (660 billion U.S. dollars). Greece and its private creditors are expected to soon complete an agreement this week.

Spot gold prices declined by 5 dollars and is currently traded on the position of 1732.90 dollars per troy ounce. The price of gold has increased sharply for three consecutive days before. In trading this morning before the retrace of this precious metal prices had reached the position of 1738.10 dollars which is the highest level since the 8th of December.

News and Economic Review Zone Asia (China)

The Chinese Government Debt Risk Conducive

Monday, January 30, 2012

Chinese Prime Minister Wen Jiabao said the country's government debt is still "safe and in control, with funding for some projects will be ensured and it will stop the problems associated with systematic risk.

Investors look anxious and worried about the amount of debt held by local governments in China, with some investors who feel it can be a threat to the country's banking system.

Wen's comments, reported by People's Daily, declared in a speech, referring to the beginning of January in a conference of government finances.

Wen pledged to address and resolve the risk of government debt and avoid the spread of financial risk.

"Currently, our government debt is still in a safe and controlled situation", said Wen Jiabao.

News and Review of European Economic Zone

Euro Weakens Technical, Except Greece EU Leaders Show Commitment The Stronger

Monday, January 30, 2012

After a fairly strong rebound in the last two weeks, the index of euro in early trading week opened down slightly with weak fluctuations. Running index value was observed in the range of Euro 103.36 (30-01, 03:31 GMT) and fell slightly - 0.12% from 00:00 GMT.

On this day EU leaders are scheduled to ratify the agreement rescue fund disbursement policy and is expected to approve the balanced budget setting on legislation in each country.

The agreement called with the European Stability Mechanism (ESM), is a permanent supply of venture funds of 500 billion euros to rescue the economy in the middle zone of the European Union bawdy chaotic. This fund is scheduled to be operational in July 2012 applies, accelerated one year from the original plan.

News and Review of European Economic Zone

Euro Back Weak Followed Aussie And Kiwi

Monday, January 30, 2012

The euro weakened against the dollar, ending the fifth daily rise, before a meeting held by EU leaders in Brussels today.

Yen rises compared to other currencies due to Italy's getting ready for auction today after their credit rating cut by Fitch Ratings. Demand for the euro also rose on speculation that Greece and its creditors to reach an agreement bond swap this week. Aussie and Kiwi are also weak due to the Asian markets are down.

The euro fell 0.3 percent to 1.3185 per dollar in Tokyo from the previous range at 1.3220 per U.S. dollar positions. Last week the euro climbed 2.2 percent against dilar. The euro fell 0.2 percent against the yen to 101.15 yen. The dollar was at 76.72 yen range.

The MSCI Asia Pacific Index fell 0.4 percent, to end an increase of 1.9 percent last week.

EU leaders will meet today to discuss the crisis they are not yet see a bright spot. Fitch Ratings cut the credit rating of some countries such as Italy, the country with the third largest economy in Europe, from A to A-. Spain also experienced a decline in ratings from AA-to A. while Ireland does not decline.

The Aussie fell 0.7 percent to 1.0587 dollars after rising 1.7 percent last week. kiwi fell 0.5 percent to 82.05 U.S. cents.

Interest rates in Australia valued at 4.25 percent and 2.5 percent compared to New Zealand interest rates in the U.S. and Japan are close to zero.

News and Review of European Economic Zone (UK)

GBP / USD: Potential Correction When Reaches 1.5760 - 1.5800

Monday, January 30, 2012

GBP / USD is still in an uptrend as seen in graph 1 hour. Prices are still consistently above the trend line moves up. Price test support at 1.5700 and the stochastic one hour starting intersected although not in oversold area. The potential is bullish until the next resistance at 1.5738 area. Acceleration to the top of this resistance is expected to push sterling up to the range of 1.5760 - 1.5800.

However, the correction to the area rising trend line is still likely to occur. If so, we will try to find a bullish signal in the area of ​​the trend line or in the range 1.5663 - 1.5700. Be careful if the price drops and breaks down 1.5639 because it will change the bias to be bearish with a target in the range 1.5615 - 1.5575.

Week, CPO prices trimmed 1%

Friday, January 27, 2012

Prices of palm oil or crude palm oil (CPO) was cut in a week. The trigger, which concerns the export of Malaysia will continue to fall.

CPO contract for April delivery on the Malaysia Derivatives Exchange rolled thin to RM 3134 or the equivalent of U.S. $ 1,030 per metric ton at 12:18 am in Kuala Lumpur, yesterday's closing level of RM 3131 per metric ton. However, in the past week, prices of palm oil has been trimmed down 1%.

Yesterday, surveyor Intertek reported that Malaysian palm oil exports fell 17% to 981 275 tonnes in the first 25 days in January. Similarly, Societe Generale de Surveillance also released a number of shipments receded by 20% to 947,401 tonnes.

Shikha Mittal, an analyst with Karvy Comtrade Ltd.. rate, the overall trend looks a little weaker, because the data showed export demand weakens. "However, reports from Brazil that mention soybean harvest will be reduced this year, maybe a little support price movements today," he said, in India.

Agricultural research institutes Emater projecting, soybean and corn production in Rio Grande do Sul, Brazil, will be lower than previously estimated, after 13 weeks of drought plants. Yields from this region will only reach 8 million tons of soybeans, or 8.7% lower than the projected 12 January which reached 8.76 million tons.

News and Economic Review Zone Asia (Japan)

Nikkei suffered profit-taking action

Friday, January 27, 2012

After reaching the ideal price levels in the mid-week, the Nikkei index hit by profit-taking finally. Japan's main index tumbled nearly half a per cent observed in the middle of the short-term selloff.

Nikkei perched at 8813.63 or minus 0.4% compared notes on the mid-day. Investors pulled out ahead of a crucial meeting of the European Union next Monday. Thus, the position of the index tend to fall towards the end of the week while the potential buy on dips still limited.

Some stocks that fell among others Kyocera minus 2.3% to Y6, 490 and Honda Motor fell 2.2% to a level of Y2, 682. Elpida Memory scored a big fall to 7.1% at the level of Y338 after reporting an operating loss. Advantest minus 2.9% to Y726 and Fujifilm Holdings fell 1.7% to Y1, 990. Tokyo Electron fell 0.3% to Y4, 325 and Nippon Steel lost 2.5% to Y196.

News and Review of European Economic Zone (UK)

Depressed Action Buy Sterling U.S. Dollar

Friday, January 27, 2012

Sterling has been depressed early trading Friday, having dropped to 1.5660 from its previous high at 1.5693 level, the last being at 1.5665.

Fall happens Sterling against the backdrop of action to buy back dollars that seen in the currency market, when market focus shifted from the FOMC's projections of interest rates to return to the development of Greece.

However, it still looks bullish signal, said Valeria Bednarik, chief analyst at FXstreet.com. "However, strong medium-term resistance at 1.5770 area: last week's closing price above it, which may provide further support to the 1.6000 level during the next few days, while failing to penetrate the top level, it should trigger a correction to 1.5600/20".

For the movement of the decline, the level of support at the level of 1.5660, 1.5620 and 1.5590, with resistance level 1.5710, 1.5735 and 1.5770.

News and Review of European Economic Zone

CEO: EFSF Still Save Much Money

Friday, January 27, 2012

There is still a lot of money left at the European Financial Stability Facility (EFSF), funds.

This is confirmed EFSF CEO, Klaus Regling, Thursday (26 / 1) local time on CNBC. "The market just see the size (of funds), and it is a big mistake," Regling said in an interview on the 'World Economic Forum' in Davos. "There are many other things, such as fiscal consolidation, and regulation of financial markets better in Europe, which will be better after the crisis."

Market worries about the size of funds that have flooded the European market and the euro since EFSF launched in 2010. It was enlarged last year due to the eurozone debt crisis worsened.

Regling believes the International Monetary Fund (IMF) would help Europe again if the other euro zone countries were forced to seek a bailout like Greece, Ireland, and Portugal has been done.

He stated that the downgrade EFSF by rating agency Standard & Poor's has not inhibited EFSF ability to borrow money. "Negative perception, and unsupported by the facts," he said.

"If people do not understand how EFSF work, they have not done their homework. It was working."

He pointed out that there are new instruments that are available that have not used any countries. Assessment is how EFSF Regling is considered maybe ironic, given that he commented on the Davos Summit. "When I listen to the views in Davos, it's a very negative view berlebihanterhadap Europe and the euro," he said.

News and Review of European Economic Zone

Slipping End euro gains, Greece Still Negotiating

Friday, January 27, 2012

The euro fell to end the four daily rise against the dollar on fears that Greece is still trying to reach an agreement with creditors to obtain a bond swap.

Yen rises compared to other currencies in Asia. The increase in the dollar is limited by the release of data expected to show good economic growth after the Fed to keep interest rates remain low until the end of 2014.

An expert said the uncertainty in Europe will continue to make the price of the euro is not balanced, especially Greece that never reached the deal.

The euro fell 0.1 percent in the range of 1.3093 per U.S. dollar after rising 1.4 percent during the last four days. the euro fell 0.2 percent to 101.32 against the yen yesterday. While the dollar fell against the yen to 77.39 yen from 77.45.

The MSCI Asia Pacific Index yesterday slightly offset from the time range up 1 percent.

Discussions to get the swap agreement is "in process" yesterday, according to the Institute of International Finance, on behalf of creditors to discuss with the Greek government. IFF Managing Director Charles Dallara met with the prime minister of Greece, Lucas Papademos in Athens yesterday.

America's GDP is predicted to rise 3 percent in the fourth quarter after rising 1.8 percent in the previous quarter.