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Oil contracts rallied from its lowest level in two weeks

Thursday, January 12, 2012

Crude oil rallied from its lowest level in two weeks. This drove the price of black gold, as fears of a strike in Nigeria and the threat of sanctions against Iran's nuclear program would cut global oil supply.

Crude oil contracts for February delivery rallied 0.7% to the position of U.S. $ 101.58 per barrel in electronic trading on the New York Mercantile Exchange, at 08:10 London time. Meanwhile, Brent oil traded up 73 cents to as low as U.S. $ 112.97 per barrel on the ICE Futures exchange rates, in London.

Iran has threatened to close the Strait of Hormuz in response to sanctions against oil exports. Meanwhile, Japan has recently said, with the sanction it, oil imports from Iran could be reduced.

Head of the analysis of CMC Markets said David Land, always effectively boost the geopolitical aspects of oil prices. "In the event of closure of the Strait of Hormuz, will very quickly lead to price hikes. I estimate the price is still bullish, unless it falls below U.S. $ 95 per barrel," he said.

News and Economic Review Zone Asia (Japan)

Prime Minister of Japan & Geithner Discuss Iranian Oil Embargo

Thursday, January 12, 2012

Prime Minister of Japan Yoshihiko Noda told U.S. Treasury Secretary Timothy Geithner on Thursday that it also concerned at Iran's nuclear capability.

But Noda also expressed concern that the sanctions imposed on Iran could seriously impact on the Japanese economy and the world depends on the implementation of sanctions.

As we know last month, Washington has implemented new sanctions against financial institutions that deal with Iran's central bank, which usually perform clearing for payment of Iranian oil.

Geithner is currently meeting to discuss the June Azumi European sovereign debt crisis and to discuss cooperation to carry out sanctions on Iranian oil exports.

News and Review of European Economic Zone

Ahead of the auction and the interest rates, a flat European markets dragged down retail stocks

Thursday, January 12, 2012

Stock markets tend to be flat in Europe opened Thursday in the trading session as investors await auction bonds Spain and Italy and European Central Bank meeting.

The Stoxx Europe 600 observed flat, at the level of 249.90, with shares of the retail sector was under pressure after shares of Tesco PLC expressed disappointment at holiday trading yesterday.

Its shares plunged 10 percent, directing other retail stocks also struggled. With J Sainsbury PLC shares fell 5.4 percent and Wm. Morrison Supermarkets PLC fell 4 percent.

While the shares of the Belgian Delhaize Group slumped 6.7 percent after it announced it would cut 5,000 of its workforce.

Index majority stake in several European markets tend to be higher, only Britain's FTSE 100 index traded flat at levels observed 5,670.58, with shares of Royal Bank of Scotland Group PLC rose nearly 3 percent after announcing reorganizing 'wholesale banking'.

While the German DAX 30 index gain 0.3 percent to a record level of 6,167.95 and the CAC 40 rose 0.5 percent to a level of 3,221.42.

News and Economic Review Europe (Germany)

German Final CPI +0.7% in December this Month

Thursday, January 12, 2012

Consumer prices in Germany rose 0.7% in December and over 2.1% from a year earlier, data from the federal statistics office, Destatis, confirmed Thursday.

The data, which confirmed preliminary estimates issued last month by Destatis, is in line with analyst expectations.

The average for all of 2011, consumer prices rose 2.3%, up sharply from 1.1% in 2010 and 0.4% in 2009, but in line with analysts 'expectations' was published in December.

The rise in consumer prices in the euro zone's biggest economy will renew pressure on the European Central Bank to control inflation, amid a wider economic downturn in many of the currency bloc.

ECB target inflation rate close to, but below, 2%. It expects inflation this year, and has cut interest rates twice since November

News and Review of European Economic

Ahead of the release of important data, Euro Moves Narrow

Thursday, January 12, 2012

European common currency is seen in the pattern of 'wait-and-see ", the euro traded in a narrow range ahead of the release of important data today include ECB interest rate decision, German inflation data and the results of the Italian and Spanish bond auction. While U.S. economic data releases including retail sales data and U.S. employment data released in the European trading session.

The euro fell 0.09% to 1.2710 with the first resistance level at 1.2733 and 1.2819 (January 10 high level) and 1.2898 (low level of January 4) and 1.2946 (high level of January 5). While the support level at 1.2675, 1.2662 (January 11 low level) and 1.2642 (low level of 10 September) and 1.2625 (low levels of August 31).

Crude Oil Down; Market Waiting EIA data

Wednesday, January 11, 2012

Schork Group will wait until after the EIA data release of the weekly oil inventory at a later date to assess the direction of the crude oil market, the group said in a report today's market, although data from the American Petroleum Institute on Tuesday showed a slight gain in the stock. Schork Group shows that the difference between the EIA and API data has become normal in recent years. NYMEX and ICE Brent remained in negative territory in Asian trade, with little movement, after falling as light profit taking on Wednesday morning. API data released Tuesday showed a small rise in U.S. crude stocks and a small decrease in Cushing, NYMEX crude delivery point.

NYMEX February fell 40 cents on Globex at $ 101.84/bbl; ICE February Brent fell 36 cents at $ 112.92/bbl.

News and Economic Review Asia (Korea)

December Unemployment Stable Korea; Concerns Remain

Wednesday, January 11, 2012

South Korea's unemployment rate remained stable in December from the previous month despite the difficult global economic conditions, which may provide support to Korea to work hard

Seasonally adjusted unemployment rate unchanged in December from 3.1% in November as the economy added 441,000 jobs compared with the same time the previous year, for all of 2011, the economy created 415,000 jobs - the largest increase since 2004. However, most job growth in December came in among those aged 50 or more. This raises concerns about the quality of jobs created, such as Korea are usually retired or those who have left their jobs to find revenue.

News and Review of European Economic

Europe Wants Anti-Recession Strategy

Wednesday, January 11, 2012

European leaders will discuss ways to avoid a recession in the 27-nation bloc, said European Council President Herman Van Rompuy. "We must avoid a recession and muster all efforts to realize it," said Rompuy when attending events organized by the Dutch telecommunications company KPN. "We will discuss anti-recession strategy and this should include all the terms and effective."

Rompuy see the importance of tight budgetary policy as a way out of crisis but the government appealed to avoid budget cuts that could be a force of economic recovery. Former Belgian Prime Minister also saw the condition of foreign exchange that will help Europe. "The development of the last euro exchange rate will help European exports," said Rompuy.

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.2754, 1.2790 daily stay away from high levels.

News and Review of European Economic

Fitch injures European Market Sentiment

Wednesday, January 11, 2012

The majority of shares in major European bourses traded lower on Wednesday following the comments from the Fitch ratings agency urged the European Central Bank to increase the purchase of bonds in order to prevent the collapse of the Euro.

Sentiment on the market today also surprised by the results of a German bond auction failed to meet sales targets? 4 billion after only able to sell about? 3.5 billion, with a yield of 0.9%. Talk about debt haircut Greece and Hungary fiscal conditions also hurt the market ahead of ECB policy meeting on Thursday tomorrow.

In the UK, the FTSE index of about 0.55% moving into the lower end of the trading session on Wednesday. While the German DAX and French CAC each have to lose 0.1% and 0.05% so far.

News and Review of European Economic

Number of European Banking Deposit ECB Still In Touch Record High

Wednesday, January 11, 2012

European banks still seem to park the funds to the ECB monitored touch a new record at $ 625 billion figure. Rather than channel the ECB liquidity injection into the 523 banks in Europe prior to the financial system, many European banks instead of keeping funds at the ECB deposit facility.

Conditions are still difficult for European banking, as the government urged banks to continue to provide loans to companies and individuals but at the same time the government asked the bank's capital increase of up to 114.7 billion euros in June at the latest.

Whereas many companies in Europe has a high dependence on loans from the Bank, according to statements by President ECB, Mario Draghi. Quite a contrast with the companies in the U.S., which is more dependent on capital markets for financing, by selling bonds to investors.

Europe, Japan Prepare Iranian Oil Embargo

Tuesday, January 10, 2012

Europe and Japan closer to apply the embargo of Iranian oil a day after Tehran announced uranium enrichment in a bunker near the city of Qom and legal U.S. citizens to death on charges of spying for the CIA. The European Union may be able to speed up the meeting that the U.S. policy for the inhibitory Balance of Iranian oil exports. Japan is also taking precautions if you must join with allies to apply the oil embargo of Iran. Tokyo has asked Saudi Arabia and United Arab Emirates to increase oil supplies in anticipation of shortage of supplies from Iran.

European foreign ministers will be doing a meeting on January 23 and is predicted to announce the upcoming Iranian oil embargo. Europe is Iran's No.2 oil consumer after China. France has called for more drastic measures to punish Tehran. Germany and Britain also condemned Iran. However, Greece and Italy, Iran's main oil customer wanted a delay before trimming pass off imports.

Meanwhile, oil prices rose on the New York session. Nymex oil is now traded 102.87, 101.28 away from daily lows

News and Economic Review Asia (China)

China Stock soared after the release of the data Beijing

Tuesday, January 10, 2012

China Stock up today, extending gains after data released weaker-than-expected give hope Beijing will ease monetary policy.

China's exports and imports moving slowly over the past two years due to sluggish domestic demand. Monday, development loans and intake data will be released and predictable funding to strengthen.

Shanghai Composite Index rose 1.7 percent to 2259.9, the highest increase during the last month. But the increase seems limited in the range of 2,300, the range that occurred in October last year.

Experienced decline in Shanghai is the most severe decline in Asia in the last two years. terjado decline as much as 14.3 percent in 2010 and 21.7 percent in 2011, as Beijing continued to tighten its monetary policy to stop inflation.

China Enterprises Index jumped 1.5 percent, pushing the Hang Seng Index rose 0.6 percent. This increase was the highest for three weeks.

Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), up 1.5 and 1.3 percent

Sinopec and Shenhua Energy also increased their masing1, 5 percent and 1.2 percent.

China Unicom fell 1.8 percent, but the best-performing stocks in the Hang Seng during the year 2011, up nearly 50 percent as investors saw the development of their revenues are pretty safe.

News and Review of European Economic

The euro strengthened, rising fears of debt held

Tuesday, January 10, 2012

Euro steady against the dollar in session Tuesday, trading above the level of decline in the last 16 months in the previous day but the increase is hampered by concerns over sovereign debt crisis in the single currency bloc that continue to weigh on market sentiment.

Market sentiment had improved after the start of earnings season is optimistic lift European equity markets and shore up the U.S. economic recovery prospects.

But the debt crisis in the eurozone is still the focus, when German Chancellor Angela Merkel and President of the International Monetary Fund Christine Lagarde prepares for today's meeting, to discuss the bailout Greece.

During the late morning trading in Europe, the euro strengthened against the U.S. dollar, with EUR / USD up 0.17 percent touched the 1.2781 level. Euro notes rise against the pound, with EUR / USD up 0.15 percent touched the 0.8270 level.

The single currency also gained against the safe-haven yen mild, with EUR / JPY rose 0.19 percent touched the 98.27 level, after falling to as low as 11-year decline in the level of 97.26 on Monday. In addition, the euro remained stable against the Swiss franc, with EUR / USD edged up 0.04 percent to touch the level of 1.2126.

Strengthening of the euro to the level of increase in the last three months and a half against the Swiss franc on Monday, after news of the resignation as chairman Phillip Hildebrand Swiss National Bank cast doubt on the ability of the central bank to keep interest rates 1.20 per euro.

In contrast, the euro fell to its lowest against the Australian dollar and New Zealand, with EUR / USD fell 0.70 percent to touch the level of 1.2378 and EUR / USD down 0.78 percent touched the 1.6086 level. The euro also weakened against the Canadian dollar, with EUR / CAD down 0.48 percent traded at 1.3001.

News and Review of European Economic Zone

Mining Stock Leads Resurrection Europe

Tuesday, January 10, 2012

The majority of shares in major European bourses went higher on Tuesday, led by mining stocks, following positive earnings reports indicated aluminum producer Alcoa will increase demand for commodities.

Despite the need to record losses, Alcoa's total revenues surpassed expectations, prompting the company raised the demand outlook for the next quarter as rising demand for metals in the aerospace and automotive markets.

Britain's FTSE index had gained far more than 1.25%. Meanwhile, Germany's DAX index and France's CAC each recorded an increase of 2.75% and 2.8%.

Furthermore, market sentiment seems to also encouraged by data showing China's trade surplus surges bamboo curtain country becomes 16.52 billion from sebelumnya14, 5 billion.

The results of short-term bond auctions Greek who obtained strong demand is also capable of reducing anxiety in the market for a moment. Greece managed to sell? 1.625 billion in bonds tenured 6-month yield fell to around 4.9% from 4.95% previously. The sales figures surpassed sales targets? 1.25 billion set by the government.

News and Review of European Economic Zone (Switzerland)

Thomas Jordan Will Become President of the SNB's New

Tuesday, January 10, 2012

Swiss National Bank (SNB) SNB is now looking for a new president after the resignation of the governor Philipp Hildebrand as the Swiss central bank foreign exchange trading scandal committed by his wife.

Hildebrand's wife, Kashya who is a former hedge fund trader has made ​​a purchase of $ 418,000 dollars on August 15, three weeks before her own husband to intervene to limit appreciation of the currency swiss francs.

Jean-Pierre Roth, former President of SNB before Hildebrand 2 years ago, says Hildebrand should reverse the transaction as soon as he realized his wife's actions, since a few days later, Hildebrand will change monetary policy that will affect the exchange rate of the Swiss franc.

The Swiss government proposed SNB Vice President, Thomas Jordan who joined the SNB since 1997 who will become President of SNB temporary replacement. Jordan himself enjoys a better reputation, having headed the regulatory department of the SNB, and pushing UBS and Credit Suisse to strengthen their balance sheet.

Jordan commented that he was ready to take on the task if the government did ask him, and still continue the SNB monetary policy to limit the ceiling of the exchange rate of euro against the Swiss franc at the level of 1.20.

Gold Projected sales drop 20% From Beginning January 2012

Monday, January 9, 2012

Gold traded fairly stable since the European session on Monday due to the weakening U.S. dollar but investors are still cautious while awaiting the results of the meeting France and Germany in the euro zone's economic agenda as well as fiscal consolidation within Europe.

In the physical gold market, trading volume is observed on the Shanghai Gold Exchange was still rising on Monday to its highest level historically at 12.855 pounds. India and China so far is still the world's largest consumer of physical gold, and sustain demand for Gold as a whole.

Although Gold demand is quite solid, but the fact the price of Gold has fallen 16% from its record high in September last, and now toward bearish territory, targeting potential target of $ 1,300 this year.

The projection is obtained from technical studies, MACD divergence, which indicates a bearish signal reflecting still more investors become sellers rather than buyers.

Decreased 20% from its closing on January 6 in Gold $ 1,616.80 per troy ounce, targeted toward the level of $ 1300 is still possible to achieve this year.

News and Economic Review Asia (Japan)

Noda Cabinet Community Support Against Slump

Monday, January 9, 2012

Prime Minister of Japan Yoshihiko Noda is likely to gain support from members of the cabinet proposals related to an increase in the tax system and increase sales tax to 10% from the previous 5%.

In order to win this proposal, Noda likely to replace Defense Secretary Yasuo Ichikawa and Consumer Affairs Minister Kenji Yamaoka. Cabinet reshuffle this can be done this week.

Results while polls show public support for the cabinet stain itself fell to 35.7% from 44.6% last month, half of the respondents indicated their disapproval for the first time since Noda served as Prime Minister.

Results of the poll also showed that public approval rating of the DPJ party fell to 20.7% while support for the Liberal Democrats rose 22.4%.

News and Review of European Economic

Try to Keep Rally Euro

Monday, January 9, 2012

The euro gained on the London session due to the rampant action of short-covering after the data give hope of improving the condition of Europe although analysts remain skeptical about the performance of the single European currency. German trade surplus rises and the French trade balance deficit decreased in November. European investor confidence index also increased to a level of -21.1, better than the previous prediction of -23.8 and -24.0 publications. The market is now waiting for the results of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to discuss the exciting efforts of economic activity and fiscal coordination details of the agreement in the euro-zone.

"The weakening of the euro sharply lately too quickly so vulnerable to natural correction. Improved European economic data gave investors a reason to do short-covering, "said Rob Ryan, a strategic BNP Paribas. "However, it is difficult for the euro to a natural rebound sustained unless the economic prospects of significant improvements and naturally there is a solution to the debt problems of Europe. The euro could still weaken to $ 1.25 in the coming months."

News and European Economic Review (Switzerland)

Resignation of SNB Chairman Startle Franc

Monday, January 9, 2012

Franc strengthened against the dollar after the head of the Swiss central bank (SNB) proposed resignation. "Swiss National Bank Chairman Philip Hildebrand, has resigned due to foreign exchange trading scandal committed by his wife," the statement SNB. Hildebrand had previously rejected calls to resign because it does not give orders to his wife to do foreign exchange transactions.

Hildebrand's wife, Kashya, a former hedge fund trader who now have art galleries, selling francs and buying dollars worth of $ 418,000. The transaction is carried out three weeks before the SNB implemented various policies aimed at strengthening damping swiss francs, including the determination of the exchange rate of euro against the franc at a minimum level of 1.20.

Franc rose 40 pips against the dollar due to the resignation news Hildebrand, although not long before the franc looks start trouble maintaining performance. USD / CHF 0.9524 is now trading near 0.9490 daily low levels.

News and Economic Review Europe (Germany)

German bonds Merkel Sarkozy Meeting With sales drop

Monday, January 9, 2012

German bonds to 10-year maturity fell, turning from strengthening during the second day, as Angela Merkel held a meeting with Nicolas Sarkozy to discuss their latest efforts to overcome the sovereign debt crisis of the European region.

Another factor that caused bond yields to fall among the other German German exports data recovery, thus supporting the belief that Germany's economic recovery is sustainable. Germany also managed to sell bonds for the 6-year maturity at a negative yield for the first time.

Separately, the yield on 10-year tenor France also fell 4 basis points to 3:32%, while the 2-year tenor drops to 1%.

Greek bond yields only 10-year tenor continues to climb 40 basis points to as low as 35.33%, due to doubts over the ability of the IMF Greece solve its debt problems. Greece is also rumored to have private sector pay freeze for at least 3 years in order to secure a new aid from the EU, the ECB and the IMF. Additionally write-Greek bondholders up to 50% was considered not enough to save the country. Volatility also appears in the Irish bond market, bond followed by Portugal.

Gold tends to be stable due to tension in Iran

Wednesday, January 4, 2012

Gold traded steady today, stop the rise in the previous session due to the release of American and European economic data, also due to concerns about Iran.

Gold started the year by stopping the decline last week and had its highest daily rise since October 25 last. Analysts predict gold will again become an attractive asset after fears of European crisis subsided.

Gold fell 0.2 percent to 1599.59 per ounce after rising 2.4 percent in the previous session.

American Gold slightly corrected to 1601.40 dollars per ounce. Analysts predict gold prices may go up to 1629 dollars today.

Gold moves parallel to the euro fell yesterday after rising commodity and data simultaneously dengna better-than-expected U.S. released and low unemployment over the past two years in Germany.

Gold in Singapore are in the range of 1.30 dollars to 2 dollars per ounce.

In addition to a decrease of 10 percent in December, spot gold rose 10 percent during the year 2011. Central Bank buys nearly 350 tons of gold, with Turkey as the largest buyer according to the IMF virgin.

While silver fell 1 percent to 29.33 dollars per ounce, ending 6.4 percent increase from the previous session which is the biggest daily rise since the last three years.

News and Economic Review Asia (Hong Kong)

Hang Seng Limited Closed weakening, in the range 18 700 Points Survive

Wednesday, January 4, 2012

Hong Kong Stock Exchange for trading today (4 / 1) closed lower. The strong impact of profit-taking is happening today to bring the stock back negative although not very significant. While on the other hand, the negative sentiment comes from the influence of China and Korea stock decline to this day.

Hang Seng Index ended down by 0.8% to 18,727.31 basis points. While index futures declined by 51 basis points to 18 769 points with the support level at 18,692 points and resistant level of 18,920 points.

The shares that declined include Esprit Holdings stock was down 1.28% to 9.99 HKD, China Unicom shares fell 1.19% to 16.58 HKD and Sinopec Corp. shares fell 1.86% to 8.46 HKD.

News and Economic Review European (Spanish)

Spanish jobless claims continued to crawl up

Wednesday, January 4, 2012

Spanish unemployment continues battered. December 2011, the citizens who do not have a job in the country matador entered into a five-month trend of improvement.

Jobless claims increased in 1897 to 4.42 million last year. "Data released reflects the poor economic situation of Spain in the second half of 2011," said Engracia Hidalgo, vice minister of the Spanish workforce.

Prime Minister of Spain, Mariano Rajoy was in the pressure recovery of the crisis quickly. On the one hand, the government should set a budget and saving labor. whereas, tightening expenditure is also believed to trigger the number of unemployed.

Previously, the economics minister predicts that the end of the Spanish economy could be in a position not recorded minus growth alias.

News and Review of European Economic

Euro Falls Waiting German Bond Auction

Wednesday, January 4, 2012

The euro slumped back against the dollar on Wednesday as profit taking after a sharp rally last few days, let alone most market players are still quite tense waiting for the German bond auction results.

Euro Rally previously caused investors to reduce positions in these currencies after the data that generate positive interest in riskier assets, other than that the euro zone economic data on Wednesday also is still better than estimates.

Ahead of the German bond auctions, many analysts believe that the auction of the bonds at a 10-year tenor worth 5 billion euros will go smoothly, however the investors are reluctant to take risks due to trauma weak demand at auction earlier in the month of November.

If the auction this time indicated a higher demand, then the Euro should be tertopang significantly, otherwise a poor auction results related anxiety would immerse Euro eurozone debt crisis began to creep into safe-haven status of Germany.

News and European Economic Review (Switzerland)

Dollar vs Swiss Franc sales drop

Wednesday, January 4, 2012

Dollar strengthened against the Swiss franc and euro on Wednesday, recovering from previous weakening of that looked yesterday due to the positive macroeconomic data could prop risky assets and the weakening U.S. dollar.

Although the path attenuation, but the depreciation of the Swiss franc is still limited to positive as the Swiss manufacturing activity in December after having contractions for 3 months, helped by exchange rate stability. In addition a series of positive data from the U.S., China, Britain should also be able to maintain a kesleuruhan expectations remain positive.

Economists also believe a brighter outlook for the Swiss manufacturer, the only risk is if the exchange rate has appreciated in excess and economic performance affected by further developments in the crisis zone of Europe.