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The IMF and the European Zone Meet, Gold Back Soar

Thursday, January 19, 2012

Gold rose four sessions due to expectations that increased due to the IMF's plan to provide more bailout funds to tackle the crisis.

Deputy IMF and 20 European countries preparing to bertemi in Mexico today and Friday. Demand is strong to make gold as a safe haven to defend her title.

However, the purchase of gold in China become slow because the country would welcome a long weekend to celebrate the Chinese New Year next week.

Gold prices rose 1.5 percent during this week, pushed China's GDP data released in a positive, U.S. factory production data are also experiencing an increase. It is also an impact on the rising euro, stocks and commodities.

Spot gold rose 0.3 percent to 1663.99 per ounce for a month near the highest increase in the range of 1667.41.

American Gold also rose 0.3 percent to 1664.50.

Market sentiment is still influenced by uncertainties in the euro zone also dinantikannya Greek discussions with creditors to barter bonds. A meeting last week did not achieve satisfactory results and make the euro had fallen.

Platinum also rose due to fears of reserves in South Africa and the sentiment on the economy glibal. Platinum rose to its highest point for six and a half weeks in the range of 1534.50 dollars and palladium mencapao highest increase for one month in the range of 669.78 dollars.

News and Economic Review Zone Asia (Hong Kong)

HSI +1.2%; Lung Hang Up; Cnooc Down

Thursday, January 19, 2012

HSI up 1.2% at 19,917.49 tracking gains in regional markets, little changed from midday and is likely to find resistance at the psychological level of 20,000. Tolerable volume at HK $ 44.29 billion and volume of a full day will be the toughest so far in 2012.

According to South China Research with peripheral market sentiment improved somewhat, and investors continue to anticipate the information supporting the market to support the government's mainland, "Hong Kong must find room for further increases in the short term."

Hang Lung Properties rose more vs. day and rose 7.5% at HK $ 25.95, as the underlying 1H profit up 29% year to HK $ 1.65 billion, but Cnooc fell 2.0% at HK $ 15.44 after the update strategy of 2012 - this duo is the best-performing blue chip, and the worst.

News and Review of European Economic Zone

EUR / USD Up Fueled Short-Cover

Thursday, January 19, 2012

EUR / USD rose to 1.2880; its highest level since January 5, as some Asian investors sell positions before completing background of positive factors such as the German bond auction, Portugal and the IMF's strong will fund Wednesday to rein in the euro-zone debt crisis, said a senior dealer at a major bank in Tokyo.

The focus is whether the private sector investor voluntarily agrees to respond on Greek debt.

If a resolution is reached by the end of this week, this currency pair could rise above 1.2900, he said.

News and Review of European Economic Zone

Euro Rally Held; Market Watch for Concrete Results Bargaining Greece

Thursday, January 19, 2012

The movement of the euro in trading today re trying to continue the rally against the U.S. dollar (19/01). The euro rose for four consecutive days against the dollar amid speculation that the U.S. economy is in the momentum gained. While the stock exchanges in Asia has increased along with the rally in global stock markets. These conditions cause the U.S. dollar is considered a safe-haven currencies eroded demand.

Last night the euro has increased after one of the sources in the Ministry of Finance stated that the Greek and Greek of the debtor to reach an agreement this weekend. Last week the talks deadlocked because of not reaching an agreement on the amount of debt written off by the Greeks who are willing private borrowers. Last night a positive sentiment for the euro also gained after the IMF bailout is expected to increase for the salvation of Europe.

This morning the euro was at 1.2866 dollars a position. The position of the euro is likely to rise than the close of trading this morning that at the level of 1.2861 dollars. The movement of the euro is still very limited because the market is still waiting for concrete results of negotiations with the debtor Greece.

News and Review of European Economic Zone

The euro is still continuing to strengthen against the U.S. dollar and the yen

Thursday, January 19, 2012

The movement of the euro bounce back for a second day versus the U.S. dollar and the yen. At 17:00 pm New York time, the euro has appreciated 1% to U.S. $ 1.2863, after earlier rose 0.5% yesterday. Meanwhile, the position of the euro was at 98.83 yen level rose 1%. While the dollar against the yen is not much to record changes in position of 76.82 yen.

The strengthening U.S. dollar also reflected in the Dollar Index is often used to measure the movement of the dollar against six major world currencies fell 0.8% to 80.518. This is the lowest level since Jan. 5.

The weakening U.S. dollar against the euro occurred as decreased levels of demand for dollars as a safe haven after U.S. data showed a rebound in industrial production levels.

In addition, "Talk of the IMF's plan to increase borrowing capacity, the results of talks between Greece and bank creditors, and several other factors influence the strengthening euro had enough today," explained Carl Forchesti, director of corporate currency sales desk at Societe Generale SA in New York .

After reaching a record five weeks, today moved a thin gold

Wednesday, January 18, 2012

Gold for immediate delivery at the level of U.S. $ 1,653.38 an ounce at 11:43 local time, today (18 / 1). Gold prices rose after the previous down 0.4%.

Yesterday, gold climbed to its highest level in five weeks. Gold futures for delivery in February 2012 reached U.S. $ 1.660.50 per ounce on the Comex in New York. In fact, before the gold price had touched U.S. $ 1,668 per ounce which is the highest price since December 13, 2011.

The increase in oil prices driven by China sentiment economic data released yesterday, was above analysts' expectations.

Speculation China will loosen monetary policy and the value of the dollar makes gold hunted down as an alternative asset.

News and Review Asian Economic Zone

Regional Exchanges Closed Mix

Wednesday, January 18, 2012

Today the regional exchanges to move mixed with Nikkei +1.0%, S & P / ASX +0.1%, HSI flat, Kospi flat, TAIEX +0.2%, Sensex -0.2%, Shanghai Composite -1.2% and +0.1% STI. In the forex market, USD strengthened against the USD due to the growing sentiment that encourages the strengthening of the single currency. EUR / USD at 1.2766 from 1.2739 on Tuesday night in New York, EUR / JPY at 97.88 from 97.86, and USD / JPY at 76.66 from 76.83.

The World Bank revised its global growth forecast for developing countries in 2012 to 5.4% from 6.2%, and high-income countries to 1.4% from 2.7%. Import growth in China continued to slow in January because the country faces trade "severe" this year, according to a spokesman for Trade Minister Shen Danyang. Foreign investment in China fell 12.7% per annum for the period December to $ 12.2 billion, up from $ 8.75 billion in November, when investment fell 9.76%. Property prices of new homes built in 52 of 70 large and medium cities in China declined in December. Australia's imports of goods rose 1.0% to A $ 20.01 billion in December from A $ 20.80 billion in November, while consumer sentiment index Westpac-Melbourne Institute rose to 97.1 in January from 94.7 in December. Japan's industrial output contracted 2.7% in November versus previous contraction of 2.6%.

Spot gold was at $ 1,645.70, up $ 4.10 from its closing level NY. February Nymex crude oil rose 53 cents to $ 100.60/bbl.

News and Review of European Economic Zone (UK)

In the UK Unemployment Rate Surprising Rise Reported

Wednesday, January 18, 2012

Sterling tracked back down on this day (18-01) and rebounding effort against the rupiah currency again failed. The report, quite surprisingly show an increase in the unemployment rate in the UK, and is the highest unemployment rate in 16 years.

Statistical Office of the UK has just announced that the period of the last quarter of last year, becoming the unemployment rate has climbed 8.4%, and the number of people who filed claims for unemployment benefits and MAGs in the last 10 months to 1.6 million inhabitants.

The number of unemployed based on the standard calculation of the International Labour Organization (ILO) increased by about 118 000 natural + quarter into 2.68 million. Although the working population increased + 18 000 inhabitants to 29.12 million people, but the employment rate fell to 70.3 from 7.4.

Analyst Research Vibiz of Vibiz Consulting suggests that the previously estimated rate of unemployment in the UK can hold 8.3% figure.

News and Review Economic Zone Europe

Still focused on Greece, the euro strengthened against the U.S. dollar

Wednesday, January 18, 2012

The euro strengthened against the U.S. dollar in the session on Wednesday, ahead of the re-commencement of talks between Prime Minister of Greece, Lucas Papademos and creditor countries on this day.

The Greek government is scheduled kembalu talks with debt holders to voluntarily discuss the reduction of government debt of Greece, after having kbuntuan talks on Friday, amid disagreements over sebarapa a lot of money lost by investors who will swap their bonds.

Greece must have an agreement on restructuring its debt in order to obtain new funds and avoid failure when the payment of bonds amounting to 14.4 billion, which matures on March 20.

Meanwhile, Portugal will conduct an auction of government bonds at 2.5 billion, the country's largest bond auction since the bailout last year.

Observed, touched 1.2788 euro traded throughout Asia afternoon trade, which is the top level daily, which then undergoes consolidation at the level of 1.2785, an increase of 0:41 per cent. The euro also strengthened against the pound, euro rises 00:18 touched 0.8321 percent.

On this day, the U.S. will release official inflation data producer prices of industrial production, followed by crude oil inventory data reports.

News and Review of European Economic Zone

European Exchanges Weakens in Early Trading

Wednesday, January 18, 2012

European stocks fell in trading Wednesday (18 / 1) ahead of Greece talks primarily to bondholders.

The FTSE fell 0.6% to 5658, the CAC fell 0.8% to 3243 and the DAX index fell 0.6% to 6292. Bluechips stock index fell 0.5% after reaching its highest level since August 2011 in trading yesterday. Attenuation experienced the deepest oil stocks, Tullow is down to 6%. So quoting yahoofinance.com.

"These problems have kept rising European indexes. We've been responding to the sale of bonds Portugal today and wait pembicayaan Greek bondholders. The market is waiting for those results," said Keith Bowmand from Hargreaves Lansdown.

Greece tried to break the deadlock in negotiations to reduce the debt burden and prevent default. This talk has undergone kebutuan on Friday last week about the level of investor interest and compensation for losses.

The dollar pulled down the Chinese data, Gold flew into the top level a month

Tuesday, January 17, 2012

Gold futures rallied to its highest level last month at a session Tuesday after the U.S. dollar weakened against major partners, thereby increasing the appeal of precious metals, while the amount of physical demand in India also provide support.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $ 1, 661.15 per troy ounce during European morning trading, up 1.85 percent. Earlier, gold rose note could rise as much as 2.05 percent to trade at 1,667,95 per troy ounce, its highest level since December 13.

Official data released earlier showed that China's economy grew at an annual rate of 8.9 percent in the fourth quarter, a decrease from the previous quarter level which is 9.1 percent, but slightly better-than-expected 8.8% rise.

China's main data including reports retail sales and industrial output also undermined estimates, loosen up the worst fears in the second-largest economy in the world.

The upbeat data lift market sentiment, prompting investors to avoid the safe-haven assets, such as the U.S. dollar. The dollar index, which records trade the greenback against six other major currencies, fell 0.5 percent traded at 81.25.

As usual, the dollar's decline mengunutungkan gold, because it increases the appeal of such metals as an alternative asset and makes dollar-denominated commodity becomes cheaper for holders of other currencies.

Other trading on the Comex, silver for March delivery traded up 2.25 percent at $ 30.18 per troy ounce, while copper for March delivery rose 2.9 percent traded $ 3,743 a pound.

News and Economic Review Zone Asia (Japan)

Japan's Stock Rises, Stocks Rise Infrastructure

Tuesday, January 17, 2012

Japanese stocks to trade today (17 / 1) closed higher. Strengthening of the Japanese market due to the positive sentiment that comes from reports that the yield on bonds of European countries has decreased. It brings the expectation that the sale of bonds of European countries have an important role in the process of economic recovery in Europe.

The Nikkei closed up by 1.1% to 8466.4 basis points. While index futures has increased by 70 points to 8480 basis points with the support level of 8404 points and resistant level of 8490 points. The broader Topix index rose by 0.9% to 731.53 basis points.

The shares which increased the stock of which is Fanuc which rose 3.2% to 11,970 yen, Obayashi Road Corp. shares rose 21% to 286 yen and Japan Bridge Corp. shares rose 16% to 728 yen.

News and Review of European Economic Zone (UK)

UK Inflation Slows

Tuesday, January 17, 2012

UK please register late rise in annual inflation since April 2009; is certainly reiterate the UK central bank outlook will be reduced threat of inflation. British annual consumer price index rose 4.0% for the month of December 2011; lower than the predicted 4.2% and 4.8% the previous publications. The reduced threat of inflation is supported by the drop in gasoline prices and stable gas prices; is inversely proportional increase in the price of energy products in the past year. The rise of discount clothing ahead of the Christmas holiday Tutut also contribute.

News and Review of European Economic Zone

Ignore Downgrade, European Stock Gains

Tuesday, January 17, 2012

European stock markets gained in opening trade on Tuesday (17 / 1) continue the rally in trading yesterday, Investors downgrade Europe aside and respond to Chinese data in the fourth quarter of 2011.

FTSE index rose 1% to 5715, the DAX rose 1.3% to 6301 and the CAC rose 1% to 3258. "European markets tend to gain momentum lift the index of Chinese data that raised risky assets," said Stan Shamu from IG Markets Strategy.

Monday evening, Standard & Poor's cut its credit rating from the European Financial Stability Facility. Funds to rescue the euro zone dropped one level to AA + from AAA.

Economic data released from China show in the fourth quarter GDP only reached 8.9%. Whereas in the third quarter 2011 China's GDP reached 9.1%. The reason for the industrial output slowed less than expected.

For the Hang Seng index rose 2.2%, the Shanghai index rose 3.9%, the Nikkei rose 1.05%, Kospi index climbed 1.8%, STI index rose 1.3%, ASX index rose 1.6%.

News and Review of European Economic

European stocks opened higher after China data

Tuesday, January 17, 2012

European stock markets opened with strong gains on Tuesday after data growth better than expected from China supported sentiment.

European Stoxx 600 Index rose 0.8% to 253, as shares of oil producer Afren PLC rallied 14% after the company announced a new oil discovery off the coast of Nigeria.

German DAX 30 climbed 1.30% to 6300 and France's CAC-40 rose 0.9% to 3252. Britain's FTSE 100 rose 0.9% to 5708, supported by gains in Royal Bank of Scotland Group PLC RBS, whose shares rallied 4.7% after the bank said it will sell aviation unit approximately $ 7.3 billion.

Take advantage of anxiety Gold Market

Monday, January 16, 2012

Commodity gold benefited from the economic pain of the euro area this week. S & P downgrade news catapulted back in the market price of precious metals.

Gold futures for February delivery traded at $ 1,640.40 an ounce in Asian session on Monday (16/01). The price of gold is now about $ 10 more expensive than American session closing price last Friday (01/13), $ 1,630.80.

Gold futures ended 1% lower in the U.S. trading session on the weekends. But gold is still able to achieve a weekly gain of 0.9%. Societe Generale analysts said yesterday that the downgrade was expected by the market and not much affect the opinions of European investors. Continental economy predicted to grow their own sheep at the level of 0% in 2012.

The focus of market attention now turning into a big event that will be held the blue continent January 30 next. European Summit this month to the point of deciding whether the authority is able to design a blueprint for solving the crisis could be qualified and accepted by the market. It takes a big hit that could foster confidence in the financial actors. Because the S & P downgrade last Friday against the backdrop of skepticism rating agencies on what is being done by the big countries like Germany and France.

News and Review Asian Economic Zone

Global stock markets sales drop Fears Over Downgrade

Monday, January 16, 2012

Asian stock markets fell on Monday triggered by fears of a credit rating downgrade by Standard & Poor's could add a European zone of funding difficulties.

Anxiety over the financial difficulties of Europe is also potentially dragging global growth and shrinking interest in commodities, while shifting the risk to sustain safe-haven assets such as Japanese government bonds.

Observed so far MSCI Asia Pacific excluding Japan, fell 1.3% to the lowest 1 - weeks, after reaching its highest level in 1-month Friday. U.S. stock markets will be closed Monday as a national holiday Martin Luther King holiday, but the stock index S & P500 futures traded in Asia fell 0.5%.

Following the weakening trend in Asia, European stock markets also posted weak financial sector mainly driven.

News and Review of European Economic Zone (UK)

Sterling slumped Point Near 18-Month Low Vs Dollar

Monday, January 16, 2012

Sterling traded not far from the 18-month lows against the dollar on Monday, the possibility still depressed over the diminishing interest of the investors towards riskier assets after a downgrade of mass in a number of eurozone member states trigger the transfer of currency risk is high yielding.

With the lack of UK economic data released on Monday, most analysts see the possibility GBPUSD performance is still influenced the development of the European zone situations. Drop in risk appetite could potentially drag the pound sterling weakened below the psychological level of 1.5270 & 1.5200.

The technical intraday bias remains bearish targeting at least 1.5040 target these weeks, but still required penetration consistent & daily closing below 1.5270 area to trigger further bearish momentum.

On the top side, closest resistance appears at 1.5405 area, turned back over the area should be able to change the bias to be bullish intraday strong possibility of testing the 1.5500 resistance.

News and Review of European Economic Zone (Greece)

Greece Confident Bond Swap Agreement Reached to

Monday, January 16, 2012

Prime Minister Lucas Papademos believes bond swap agreement will be reached in time. Athens seems to try to be optimistic as the outbreak of speculation default. Bond swap is an exchange program bond in which the creditor must be willing to lose 50% of the value of Greek bonds owned.

Europe and the IMF has stressed the importance of bond swaps as a prerequisite to Athens get the next bailout funds. However, now hinggi negotiations with creditors have not reached an agreement. Charles Dallara, creditor representatives of Greece, express agreement must be reached by the end of this week to Athens get bailout funds before the bond matures in March.

"There was a pause in negotiations bond swap. I'm sure a deal can be achieved in time," Papademos said on CNBC. Delegation of the European Union, IMF, and the ECB will visit Athens tomorrow to discuss the bailout package II worth? 130 billion. Papademos uttered the discussion will last for two to three weeks.

Meanwhile, the euro strengthened at the London session. EUR / USD is now trading 1.2663, try to stay away from daily lows 1.2626

News and Review of European Economic Zone (UK)

GBP / USD Up After Opening of Europe

Monday, January 16, 2012

Although sterling has touched lows at 1.5235 at the time of the worst on Friday, has failed to close below the critical level at 1.5270, bringing some relief before Monday. In the morning, Rightmove House Price Index fell 0.8% in January, increasing 2.7% decline in print before and shows the progress of 0.4% in the last twelve months (previously +1.5%).

This week will be crucial for the week ahead of inflation data cable, unemployment and retail sales will be released within this week.

U.S. markets will be closed on Monday in connection with the day M. Luther King.

At the time this story was written, the pair rose 0.05% at 1.5308, with resistance levels lie at 1.5410 (high-January 13) ahead of 1.5442 (10 day MA) and 1.5490 (high-January 11 ) and 1.5525 (high-January 6).

On the other hand, breakthrough 1.5266 (Lower Bollinger) will open the door to 1.5234 (January 13 low) and 1.5190 (61.8% from 1.4228 to 1.6747) and 1.5125 (low-July 21 2010).

Gold Melorot Anxiety Over Crisis Zone of Europe subsided

Friday, January 13, 2012

Gold slid down on Friday as fears of global economic health have eased following the success of Spanish and Italian bond auction boosted the interest of investors towards riskier assets.

Monitored by far the spot price of Gold fell -0.41%, to as low as $ 1643.00 per troy ounce, after reaching an intraday high point in $ 1649.54, and daily lows at $ 1635.50 per troy ounce. Although so far corrected, golden chance to record weekly gain for the second time this week is supported by safe haven buying of investors, plus the tension of Iran and western countries are quite high.

Gold Technically speaking, the possibility of continuing consolidation phase in the first quarter of 2012 was, in a limited short-term movements in the area of ​​1662 till 1600. Translucent strong resistance above 1662 should trigger further bullish momentum to target bullishnya target in the range 1802.

News and Economic Review Zone Asia (China)

China foreign exchange reserves dropped in late 2011

Friday, January 13, 2012

Foreign reserves in foreign exchange (forex) China's government fell in the last three months in 2011. Data People's Bank of China shows, foreign exchange reserves slipped 0.6% to U.S. $ 3.18 trillion. This is the largest quarterly decline since 1998.

Analysts suspect that this decline is a signal from the speculators who move the portfolio investments of yuan to another currency.

It is also a sign there is a narrowing of China's trade surplus because the demand for export products from Beijing is reduced drastically. Although trimmed, china foreign exchange reserves are still the largest among the other countries in the world.

China's trade surplus narrowed for the third consecutive year in 2011. The surplus fell to about U.S. $ 160 billion. Vanish from the position of a record high in 2008 of U.S. $ 295 billion.

Shanghai Composite Index closed minus 1.3% on Friday (13 / 1) This is a very significant decline after the data was released.

News and Review of European Economic

European Trade Surplus Increased

Friday, January 13, 2012

The increase in exports had helped the euro-zone trade surplus please register; is certainly good news because it can give hope Europe can avoid the worst economic slowdown. The trade surplus rose to? 6.9 billion in November, better than predicted? 700 million and previous publications? 500 million.

Please register the euro-zone trade deficit is usually in the winter due to the high cost of imported energy and fuels. But the data did not show much change in imports, but exports rose 3.9%. These data are in line with previous publications that Germany and France show an increase in exports in November.

News and Review of European Economic Zone (UK)

Sterling Touch Point 2 Week Low vs. Euro

Friday, January 13, 2012

Pound Sterling dropped to a 2-week lows against the euro on Friday as investors are more optimistic about the euro zone debt-related crisis while expectations of additional quantitative easing from the Bank of England actually weaken the pound sterling.

Expectations for the euro zone debt situation improved after the Spanish and Italian bond auctions show that they are able to sell its bonds in an amount substantially. Italy is also expected to achieve the same results in this Friday, which should shore up sentiment in the euro currency further.

In contrast with Sterling, sentiment is weak even after the British industrial production report yesterday raising fears that the UK can be sunk into recession and strengthen the BoE monetary easing further.

News and Review of European Economic

Try the Italian auction Mute Attenuation Euro

Friday, January 13, 2012

The euro rose 10 pips after Italy successfully sold bonds tenured three years. Madrid managed to collect funds? 4.75 billion, to achieve set targets upon the government? 3 to 4.75 billion. The cost of borrowing bonds also eased to as low as 4.83% better than the previous auction of 5.62%.

However, the negative sentiment seemed to back eclipsed the single European currency as investors worried about the condition of Greece. Ta Nea newspaper report proposing a bill that Athens will be able to force all creditors to participate in the bond swap program that will reduce 50% of the value of Greek government bonds. It's definitely different from the initial agreement that show the program is voluntary. EUR / USD is now trading 1.2790, 1.2878 daily stay away from high-level