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Petroleum Take Momentum weakening USD

Thursday, January 26, 2012

Crude oil futures rose on Thursday (01/26) in the middle of dollar weakness. Decision low interest rates the central bank United States (U.S.) indirectly benefit the oil commodities.

Although positive, the oil must be struggling to stay above the psychological $ 100 per barrel during Asian session. Crude oil for March delivery rose 57 cents (0.6%) to $ 99.97. The contract for the next month up to $ 100.05 for a moment.

According to Reuters charts, crude oil has now been pushed into the range of $ 100.14. Oil prices tend to rise when the dollar exchange rate melamah. Low exchange value investors make better purchasing power than when USD appreciates versus other major currencies.

News and Economic Review Zone Asia (Japan)

BOJ: Japan Company Price Index +0.1%

Thursday, January 26, 2012

Price index for services to companies in Japan rose by 0.1 percent in December last, namely at the level of 96.4, as submitted by the Bank of Japan (BOJ).

Further reading is followed by revisions in November that revolves around the level of -0.1 percent.

On a monthly basis, for the corporate service price has not changed, after an easing of 0.1 per cent, ie the response of the revision that was submitted in November.

As for the fourth quarter of 2011, revision level and corporate service index fluctuations take place flat and there has been no significant changes.

For the whole year 2011, on an annualized basis, the corporate service price index fell by 0.5 percent.

News and Review of European Economic Zone

Euro Gains Amid the tug Greek Debt Settlement

Thursday, January 26, 2012

Tug Greek debt negotiation is still running tough and stalling for time, while over time, the economic cost of the tug is increasingly adding to the burden on the economies of the European Union.

On the one hand the development of a meeting of EU finance ministers led to the proposal that the debt collector is willing to bear greater losses, after three months ago agreed to remove the Greek debt by 50% of nominal value or more than about 200 billion EUR. Outstanding issues that there is a possibility that debtors will approve private losses to 69% of the nominal value.

Despite the strife of the Greek debt settlement intensified, but the German economic performance is still a positive impact on the movement of the Euro. After trading yesterday on the German Ifo Business Climate is reported to improve, the market again expect a stable performance on the German economy. GfK German Consumer Climate is expected to still be stable in the range of 5.6.

News and Review of European Economic Zone (Greece)

Investors Pull, Greece Sell 'Horse Racing Land'

Thursday, January 26, 2012

Greece will sell horse racing betting operations and real estate assets of the Hellenic Horse Racing Company separately, with the purpose of attracting many investors.

This right is conveyed Costas Mitropoulos, chief executive officer of the Hellenic Republic Asset Development Fund. "We will separate the horse racing betting and operation of real estate," Mitropoulos said today in an interview in his office Athens, as quoted by Bloomberg.

The company, known as Odie has exclusive rights in Greece for racing betting (betting) on the circuit. The company is moving to Markopoulo, Southeastern Athens, in 2003 for a new facility designed to serve the Athens 2004 Olympic Games.

"Odie has a piece of land used for the equestrian and a racetrack," said Mitroupoulos. "We'll sell the company and will lease the horse and when we decide what to do with the land, we submit it to market."

Credit Agricole SA (ACA) and the unit of Emporiki Bank SA (TEMP) Greece is a financial advisor for the privatization of Odie and Dryllerakis & Associates is a legal advisor.

News and Review of European Economic Zone

Euro Optimistic After Fed Rate Stagnant

Thursday, January 26, 2012

Until the afternoon session on Thursday (01/26), the single currency Euro is still entrenched in the high range was recorded in five weeks against the U.S. dollar after the U.S. Federal Reserve said early this morning will not raise rates at least until the end of 2014, and projections are proved to be more longer than expected the majority of the investors.

The strengthening euro was also followed by a rally in a number of other currencies such as Sterling, Swiss and Aussie, but Sterling rallied again hampered by economic growth figures, Britain's GDP fell by -0.2% in the last quarter of 2011, or lower than expectations of -0.1 %.

Also from the U.S., the Fed also did little to change the economic outlook, it describes the U.S. unemployment rate is still high and is also projected that inflation will remain at levels consistent with stable prices.

With ranges in the area $ 1.3100/15, EUR potentially uphill but limited to 1.3140 to 1.3170 as resistance level. While support will be captured in the area of ​​1.3050 and 1.3000.

U.S. supplies rise, oil near the level of U.S. $ 100

Wednesday, January 25, 2012

Crude oil prices traded near the level of U.S. $ 100 per barrel. Signal increase U.S. oil supplies offset concerns over Iran's oil embargo.

WTI oil contract for March delivery rose 29 cents to as low as U.S. $ 99.24 per barrel in electronic trading on the New York Mercantile Exchange at 12:12 Sydney time. Meanwhile, until around 10:29 pm, the same contract rolling to the position of U.S. $ 99.13 per barrel.

Meanwhile, Brent oil for March settlement rose 22 cents to the position of U.S. $ 110.25 per barrel on the ICE Futures Europe exchange in London.

Previously, the market is worried Iran would retaliate international sanctions by disrupting shipping in the Persian Gulf. Iran's Foreign Ministry said, the EU embargo on Iranian oil imports will be bitter fruit for the economy of Western countries.

However, on the other hand, the American Petroleum Institute reported U.S. oil inventories last week rose 7.33 per million barrels. It's the biggest gain in four weeks. Meanwhile, the new Energy Department will release a report today, which is predicted to show an increase in the supply of 1.45 million barrels.

News and Economic Review Zone Asia (Japan)

Apple Earnings Stimulants Being Nikkei

Wednesday, January 25, 2012

The Nikkei rose 1.2% to 8890 after touching a high level for the first time since 1 November at the level of 8905. "Market cash index Nikkei gained as reinforcement," said Hiroyuki Fukunaga, CEO of Investrust. Strengthening U.S. stocks after earnings last night Apple's (AAPL) have promoted the movement of the Tokyo stock market. The weakening yen contributed to the strengthening of the Nikkei index, he added.

Topix rose 30/33 subindeks led by shipping stocks are up about 7.4%. Mitsui O.S.K. +7.2% To Y297. Shares of exporters continued to gain with Honda Motor +4.4% to Y2, 789 and Canon +2.2% to Y3, 485. Fast Retailing -0.7% to Y15, 000 after yesterday had a stake in strengthening the Nikkei. Eisai pharmaceutical manufacturers weakened by -1.3% to Y3, 100, while Astellas -0.5% to Y3, 095. Softbank and KDDI each fell by 0.5% to Y2, 191 and 0.5% to Y482, 000.

News and Review of European Economic Zone

Euro rally faded by Pessimistic Attitude

Wednesday, January 25, 2012

In general, today (Wednesday, 1.25) the world market, especially the major currencies move less passionate aka flat and has not been able to resume a significant rally.

Although it is still entrenched in the positive area, space for the single currency Euro and Sterling looks limited so that has not been recorded further reinforcement, was EUR stuck in the range of $ 1.3020-30. This is influenced by the Greek debt crisis talks deadlocked again so that ultimately the Greek state has the potential default again. And it can make a bad reaction in financial markets. Even the Euro itself ignores the positive impact of the release of the service sector PMI data and Eurozone manufacturing better than expected.

Then another negative sentiment also came from the International Monetary Fund (IMF), the agency lowered its projection on the global economy into a recession because Europe is said following the economic slowdown in China and India. The focus is fixed on the market today because the United States Federal Reserve (the Fed) evening or early morning will decide its benchmark interest rate outlook for U.S. economic growth.

As a result, these factors make the market today is quite careful to 'enter the market' and are more likely to 'wait and see'. Other data that will be enough attention is the market index Ifo Business Climate Germany in January which predicted an increase compared to the previous period.

News and Review of European Economic Zone (UK)

Sterling constrained Economic Prospects

Wednesday, January 25, 2012

Until the afternoon session on Wednesday (25/01) Pound Sterling currencies tracked because it is difficult to continue the rally is still widespread concern that the continuing economic slowdown will lead the British central bank to loosen monetary policy.

Today UK GDP data was originally the 4th quarter will be released and is expected to shrink again in the figure of 0.1%, so this will increase the risk of falling into the abyss of the British recession. Even if the results appear worse than market expectations, is likely to force Sterling to return to the range of $ 1.5500, up to this news broadcast in the CNY's level of $ 1.5610.

In addition the market focus today also directed to the United States because the U.S. central bank (the Fed) evening or early morning will decide its benchmark interest rate outlook for the U.S. economy.

Technically Sterling rallied back will be limited because some indicators began a confirmed bearish. Indicators Stochastic, MACD and Moving Average daily tenured, three showed a downtrend pattern. So the correction was feared could happen at any time. When this happens, then the level of support as a prisoner of them are down to EUR 1.5570, 1.5530 and 1.5460. While Sterling rally could still test the 1.5640 resistance at least toward, 1.5670 to 1.5720.

News and Review of European Economic Zone (Greece)

Possibility of selective default downgraded Greece

Wednesday, January 25, 2012

The rating agencies, Standard & Poor's downgraded Greece again threatened. Ranked potentially reduced because the state has also encountered a way out of financial problems the country. S & P officials said John Chambers, Greece will be hammered with a rating of selective default (SD).

However, the downgrade will not cripple the EU's credibility as the ultimate authority in the region. "Default is also not necessarily give a domino effect in the euro zone," said Chambers.

Affairs of the Gods is currently continuing negotiations with private creditors to agree on bond swap plan. The plan was considered crucial because a key requirement bailout funds disbursement II worth? 130 billion.

John Piecuch, director of communications for the S & P explained, it still ranks above the worst position is the default (D). The default here is given if the Greeks really fail to pay all the debt that is due. While selective default means obligors only to fail on some debt and still complete the other debt according to the time set.

Gold Prices Rise Again Induced Greek Debt Crisis

Tuesday, January 24, 2012

The price of gold was sticking strengthened along with the advantage that obtains Tokyo futures, a weaker euro and rejection keuanga European ministers at the request of the Greek lender to restructure the debt of the country.

With a passionate plea restructuring, eat negotiations back to square one. As a result, Greece has again threatened deffault. While the value of the single European currency euro again touched its lowest level in three weeks after the re-negotiations are fruitless.

As quoted by Reuters on Tuesday (1/24/2012), the price of gold rose to USD1.676, 79 per ounce. Previously, even the price of gold had skyrocketed to the position of USD1.681, 16, and this is the highest level since December 12 last.

Gold futures contracts trading on the Commodity Exchange Tokto scored its highest level in December at 4167 yen per gram. This is the highest since mid-December.

News and Review Asian Economic Zone

Asia Stock Brighten Market Optimism Europe

Tuesday, January 24, 2012

Most regional stocks gained amid optimism over Greek debt restructuring plan despite low trading volume in the Chinese market, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Vietnam are still New Year's Day holiday.

Nikkei +0.2%, S & P / ASX flat, Sensex India +1.0% stake in Thailand, which rose 0.5%. In the forex market, USD weakened against the USD and JPY due to investor concerns about Greece's debt negotiations. EUR / USD at 1.3006 from 1.3014 on Monday night in New York. EUR / JPY at 100.18 from 100.35, and USD / JPY at 77.03 from 77.02. BoJ cut its growth forecast for the fiscal year ending in March to 0.4% from the October projection of 0.3%. For the upcoming fiscal year, the central bank saw a growth of 2.0%, down from its previous forecast growth of 2.2%. Today (24/01) BoJ decided to hold rates unchanged at 0.0% -0.1% range. Japan's economy minister said the trade surplus declined to prove that many companies would leave Japan. India's central bank held interest rates the same at 8.50%, but unexpectedly cut its capital reserve requirements by 50 bps to support economic growth and easing liquidity.

The price of gold at $ 1.676, down $ 2.90 from its closing level NY. March Nymex oil rose 15 cents to $ 99.73/barrel.

News and Review of European Economic Zone (UK)

GBPUSD: Tend Bearish, Shutter Range Support at 1.5524

Tuesday, January 24, 2012

GBPUSD on a 1-hour chart looks to continue successful correction after previous gains and achieve our targets in the previous analysis. Currently GBPUSD bias remains bearish targeting areas tend to support the range of 1.5524 where the rupture area of ​​support is to open opportunities for further correction towards 1.5484 up to 1.5448 area. Conversely, beware of rebound opportunities to the area of ​​1.5564 to 1.5600 if support the range of 1.5524. it is also in line with the conditions of movement of technical indicators in the form of CCI and Stochastic are currently approaching oversold area.

News and Review of European Economic Zone

Euro Down Below 1.3000

Tuesday, January 24, 2012

The euro fell down to just below the 1.3000 level after the high level of 1.3027 in early Asian session today, at this time support a dynamic range above the EMA-200.

Down movement of the currency when the Euro was reported in the trade that goes quiet.

Dow Jones reported that a senior dealer from a leading bank explains: Moving up the Euro weighed down by concerns over European debt crisis that underlies the movement is emphasized by an article in the Wall Street Journal said that the investors, economists and politicians are growing worries that Portugal may be require a second grant.

The euro last traded at 1.2993, with resistance level at 1.3000 (psychologically), and with support at 1.2972 level.

News and Review of European Economic Zone

Euro Wait The ECOFIN

Tuesday, January 24, 2012

EUR / USD traded at 1.3000 level range. Currently the euro was at 1.3020, moving above a low level at 1.2988. The euro had weakened and traded under the current price on the open market at 1.3006 after briefly touching of a high level at 1.3028. The euro rose from a low level yesterday (01/23) at 1.2855, rebounding nearly 150 points, or 1.12%.

According to Fan Yang, CMT and chief technical analyst FXTimes, the euro is likely to continue to strengthen the resistance level at 1.3080, 1.3150 and 1:32, "he said. Key support level at 1.2880. Key events that have a major impact is the ECOFIN meeting which ended today. With the Asian market is still largely off the new year, including China and Singapore, trading volume today look minimal and make the Nikkei index moved only 0.18% after opening up +0.60%.

The decline in oil prices has lasted 4 days

Monday, January 23, 2012

World oil contract prices had slipped during the last four days. This afternoon, the price of oil contracts for delivery in March fell by 93 cents to U.S. $ 97.40 per barrel on the New York Mercantile Exchange. At 16:05 pm Singapore time, the same contract at the level of U.S. $ 97.87 sebarel.

While the price of Brent oil contracts are in the position of U.S. $ 109.89 per barrel, up 3 cents on the ICE Futures Europe exchange.

The decline in oil prices was allegedly related to the issue of oil sanctions against Iran that will slow the recovery process of the European debt crisis. It's possible if demand for commodities declined.

"One thing that is likely to affect the oil market is asumsu that there will be no concrete action against Iran. The next step in Europe is an agreement on fiscal policy," said Ric Spooner, chief analyst at CMC Markets in Sydney.

News and Review Asian Economic Zone

Asian stocks still drive up to the closure of the afternoon

Monday, January 23, 2012

The majority of shares traded on the stock closed cruised Asia today. At 17:15 pm Tokyo time, MSCI Asia Pacific Index rose 0.1% to 120.85.

Meanwhile, the Nikkei 225 Stock Average closed with little change after the previous down 0.3% and rose 0.3%. BSE Sensitive Index gained 0.1% and the S & P / ASX 200 fell 0.3%. While financial markets in China, Hong Kong, Indonesia, Malaysia, Philippines, South Korea, Singapore, and Taiwan closed due to celebrate Chinese New Year.

Number of shares that movement affects Asian stocks include: Sony Corp., which rose 4% in Tokyo, Olympus Corp., which rose 8.2% in Tokyo, and Reliance Industries fell 2.5% in Mumbai.

One of the positive sentiment boosted Asian stocks is U.S. home sales data which recorded an increase. This indicates, the U.S. economy began to recover in spite of Greece to the present negotiating with the creditors.

"Any form of attenuation is a good opportunity to buy. Moreover, there is a positive U.S. data. The issue of Greece can be very easy to heat and cold," explains Nader Naemi, senior strategist at AMP Capital Investors Ltd..

News and Review of European Economic Zone

Want to Loosen German & French Banking Regulation

Monday, January 23, 2012

Germany and France will propose loosening the capital rules for banks reduced lending, thus preventing harm economic activity, the Financial Times newspaper. German Finance Minister Wolfgang Sch? Uble and French colleagues Francois Baroin would urge special treatment for banks who have insurance unit.

Berlin and Paris also wants easing of capital requirements in Basel III to reduce the negative impact on economic growth. Proposals also include a delay of three years for the publication of the banking leverage ratio, according to a draft obtained by the Financial Times.

Meanwhile, the euro strengthened at the London session. EUR / USD is now trading 1.2995, 1.2875 daily lows stay away

News and Review of European Economic Zone

Look forward to meeting European Euro

Monday, January 23, 2012

The euro gained on the London session, bolstered expectations the European meeting could produce a plan to end the debt crisis. European finance ministers will meet to discuss the Greek debt swap agreement, fiscal discipline, and the fort to prevent further transmission of the crisis.

"Investors seem optimistic about the meeting of European finance ministers. There is hope Europe will approve Greek debt swap agreement," said Jeremy Stretch, a strategic Canadian Imperial Bank of Commerce. "Private lender has proposed a maximum bid for Greek debt swap plan; now up to Europe and the IMF does accept the deal," says Charles Dallara, the private creditor representative in negotiations with Athens.

News and Review of European Economic Zone (UK)

Economic Anxiety ragged Sterling Performance

Monday, January 23, 2012

Sterling weakened thin please register at the London session. Although, sterling remained near two-week high level against the dollar; but investors seemed reluctant to push the further strengthening of the outbreak as expectations for an injection of stimulus prop BoE for UK economic recovery.

Data on the coming Wednesday will show the UK economy contracted for the last quarter of 2011. Statement of Governor Mervyn Kind and BoE minutes, which will be released this week, also will reiterate expectations of further monetary stimulus injections.

"The possibility of further monetary easing BoE, which can occur at the February meeting, making investors wary though sterling has rallied from $ 1.53 approaching $ 1.56," said Mansoor Mohiuddin, strategic UBS. Some even recommend to strategically sell on rally. "We take advantage of the rally GBP / USD today to place a sell position at $ 1.5570," wrote Morgan Stanley research report.

Stronger After CPO Demand Predicted to Rise

Friday, January 20, 2012

Crude palm oil prices again rose to its highest kelevel in one last week. The contract for April delivery rose 0.8% on the Malaysia Derivatives Exchange to RM3.183 or $ 1,026 per metric ton, the highest sajk January 13.

For the morning trading session, the same contract closed at RM3.171 per metric ton, making the strengthening of this week reached 0.6%.

The price increase was triggered by a signal that the global vegetable oil demand will rise. This signal appears after importri buy more soybeans from the U.S.. Yesterday, the U.S. Agriculture Department reported U.S. soybean oil exports to China reached 120,000 tons in marketing year that began September 1.

Concerns about declining crude palm oil production also encourage the strengthening of CPO prices. Malaysian production is expected to fall this month as it enters the cycle of decline in production during January and February.

News and Review Asian Economic Zone

Asian Stock Focus Next Week

Friday, January 20, 2012

Most Asian stocks will enjoy the Chinese New Year holiday next week, but some regional areas are still going to run business as usual. Central banks in Japan, India, Thailand and New Zealand will take monetary policy decisions.

Expected by most economists, the interest rate remains unchanged as concerns the European zone, most likely the central bank still does not change its interest rates in 1 or 2 months ahead because they still need to wait for inflation data development had reached its peak or if it saw no indication of slowing growth that ultimately must be accommodated with interest rate policy is more lax.

Australia's central bank was not immune from this challenge, after getting reports inflation at 2.2% in December, next week's quarterly CPI data likely to confirm the downward trend in overall inflation in Australia and this may add to expectations the RBA cut interest rates in February.

Other data are awaited report next week among others, export data from Japan, Thailand and the Philippines which may show a decline due to slowdown in growth that occurred in the U.S., Europe and China.

Samsung Electronics will release its earnings for the fourth quarter, after a surge in revenue from sales of previously solid smartphone. South Korean conglomerate commented it would spend $ 41 billion this year acquisition adds to speculation Research in Motion, although it has denied the Samsung.

News and Review of European Economic Zone (UK)

UK Retail Sales Rise 0.6%

Friday, January 20, 2012

The rise of discount is offered to the British consumer retail sales managed to jack at the end of 2011. Retail sales rose 0.6% according to predictions, but better than the 0.4% decline recorded in November. Sterling fell 10 pips after the data was released. Publication of the corresponding data estimates seem to successfully encourage investors to do profit-taking after recent strong rally. GBP / USD is now trading 1.5460, 1.5500 daily stay away from high-level

News and Review of European Economic Zone (Germany)

Negative Signals Indicate the German economy, the Euro Approach Lowest Position

Monday, January 20, 2012

The euro currency trading pair EUR / USD noon today (20-01) observed weakening and the pair traded near the lowest range since December.

Despite reports of improved performance compared with last year amounted to + 4.0% but the performance in December was reported down about - 0.4% from November, and performance in November rose 0.1% + thin from October.

The development is also accompanied by the weakening performance of leading stocks today where Germany's DAX Index fell -0.34% and monitored in the range of 6397.28.

News and Review of European Economic Zone

Experience the 'overbought', European Exchanges Weakens

Friday, January 20, 2012

European stocks trade lower on Friday (20 / 1), led by mining stocks in China's manufacturing sentiment decreased in January.

FTSE down 0.06% to 5737, the CAC fell 0.07% to 3326 and the DAX index fell 0.2% to 6402. European stocks have been in overbought area because it was at its highest level since last 5.5 months of trading on Thursday. So quoting yahoofinance.com.

Shares of the mining sector fell to 0.9% with the deepest economic outlook is less bright. Rio Tinto shares fell 0.8% and BHP Billiton shares fell 0.8%. While the BNP Paribas shares rose 2%, L'Oreal shares up 1.7%.

"We're really at the top level and will face the technical pressure. I wish there was a trend to sell," said Joe Rundle, of ETX Capital.

Asian stocks remain positive as the Hang Seng index rose 0.8%, the Nikkei rose 1.4%, the Shanghai index rose 1%, Kospi index climbed 1.8%, STI index rose 1.4%, ASX shares up 0.5 %.