mynameisandhy

Europe Economy News and Review

Euro Rally Still Fragile

Thursday, September 15, 2011

The euro gained after Germany and France affirm the commitment to keep the Greeks remain in the euro zone. However, euro rally remains fragile due to fears of Athens may end up having to ask the default. Investors worried Greece default could trigger a global financial crisis so suramkan outlook for the euro.

Affirmation of Germany and France succeeded in fueling hopes Greece will receive delivery the next bailout from the European / International Monetary Fund so as to avoid default. "Comments German Chancellor Angela Merkel and French President Nicholas Sarkozy has managed to restore sentiment in the short term. However, the euro has not experienced significant improvement especially with the euro-zone members with problems and slow economic growth in Europe," said Manuel Oliveri, a strategic UBS. "The euro was also weighed down by the ECB's dovish stance." The euro is quite distressed after last week signaled the ECB will stop the cycle of rate hikes.

Traders see the euro going back seven months of low-level test $ 1.3494. July 12 lowest price, $ 1.3836, will become resistant nearby.

News and reviews Economy Europe (Switzerland)

Will UBS Losses Due to Natural Transaction Errors Traders Worth $ 2 Billion

Thursday, September 15, 2011

UBS AG shares tumbled about 10% was observed on Thursday after warnings will incur a loss in the third quarter hit by rogue trading. Rogue trading is a transaction carried out by employees of the bank without getting approval from management.

Swiss-based bank said losses due to such unapproved transactions hit $ 2 billion. About who was responsible, is still under investigation, but most analysts say these losses can still be managed by the bank but did not rule the possibility of declining investor confidence in the ability of the bank can manage the risk.

Rogue trading the latter case also suffered by Societe Generale in January 2008, when it loses 4.9 billion euros due to errors similar transactions undertaken by its employees. Parties as far as investment banking is still trying to prevent transactions that do not get approval through the risk control systems and daily review of trading.

Europe Economy News and Review

Merkel is still against the Euro Bonds

Thursday, September 15, 2011

German Chancellor, Angela Merkel, re-emphasize non-setujuannya of Euro bonds as a solution to overcome the debt crisis. Yesterday, the European Commissioner, Jose Manuel Barosso, said the euro bond will make a proposal immediately. "Euro bonds are wrong," said Merkel.

"For the sake of mutual interest, required level of competitiveness and the balanced government budget accordingly. This can not be achieved by creating common bonds," said Merkel. German Chancellor, who was facing domestic criticism over the bailout-euro zone, uttered no quick and easy way to get out of debt crisis, only a gradual process that can control the fiscal order in each country.

Some investors see the euro bonds as the best solution to assure the market that the EU can restore the members are problematic. But Germany, Europe's richest countries, argues this will only raise the cost of the well-intentioned state loans and remove incentives for troubled countries such as Greece or Italy to fix the problem of public finances.

Gold-induced weakness dragged the stock and commodity markets

Wednesday, September 14, 2011

Gold corrected after the stock market and commodities slumped due to the reluctance of China to save the country's debt ridden.

Gold for immediate delivery fell 0.7% to as low as U.S. $ 1821.05 at 3:05 pm in Singapore, erasing a rally of 0.6% that occurred previously. Meanwhile, gold futures for December delivery fell 0.4% to U.S. $ 1,823.50 per troy once, after rising 1%.

Regional stock index MSCI Asia Pacific fell to its lowest close in a year. The trigger, statement of Chinese Premier Wen Jiabao calling for indebted countries not to rely on bailouts from China. The statement raised fears of Europe's debt crisis will hurt global economic growth.

As a result, prices of commodities ranging from oil to copper fell today. Investors often sell gold to cover losses in other markets. In addition, gold is eroded because these days the U.S. dollar rose against most major world currencies.

Richard O'Brien, CEO of Newmont Mining Corp.. estimates, there will be a lot of volatility in the gold market. Ride, but volatile. "But, do little correction. The continuing concerns over the crisis in Europe will be the cause of higher gold prices," he said, today.

"Gold will be traded more like a currency, not like a commodity," said O'Brien.

News and Economic Review Asia (Japan)

Nikkei Melorot Again, keep in Negative Trends

Wednesday, September 14, 2011

Japanese stocks in trading today (14 / 9) observed decreased. Speculation is the purchase of European bonds by China increasingly rampant in this day and encourage the sentiment of concern for investors who feel anxious about the condition of the financial sector in Europe at this time and short-term.

The Nikkei fell by 1.1% to 8518.57 basis points. While index futures declined by 62 points to 8520 basis points with the support level of 8434 points and resistant level of 8605 points. The broader Topix index fell by 1.1% to 741.69 basis points.

Stocks that declined include shares of Mitsubishi UFJ is weakened 1.8% to 325 yen, Sumitomo Mitsui Financial shares fell 1.6% to 2072 yen and Canon shares fell 4.1% to 3295 yen.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks expected to experience sustained pressure. Investors are expected to be still waiting for global economic development fundamental condition further.

News and European Economic Review (UK)

UK Unemployment Claims Rise 20.300 in August

WEDNESDAY, 14 SEPTEMBER 2011

The number of British workers claiming unemployment benefits rose by seasonally adjusted August to 20.300 in 1:58 million, the Office for National Statistics (ONS) reported on Wednesday (14 / 9).

Economists forecast a rise in 35.000, according to Dow Jones Newswires survey. The number of unemployed, measured by the standard International Labour Organisation (ILO), an increase of 80.000 in the period May-July until the 2:51 million for the unemployment rate at 7.9%.

Average annual earnings, excluding bonuses, rose by 2.1% in the three months ended in July, down from 2.3% in April-June period, the ONS said.

News and European Economic Review (UK)

Number Filing Unemployment Benefits In UK Down, Sterling Stronger

Wednesday, September 14, 2011

Pound sterling currency to trade GBP / USD pair this afternoon (14-09) rallied and tracked the pair traded at around 1.5745.

Pound Sterling strengthened along with the presence of positive signal on the British economy, where it is shown by an increase in performance on the labor sector.

Claimant Count Change indicator decreased to 20.3K reported previously expected to drop to 34.8K from 37.1K previous value. This positive response by investors in forex trading.

Analyst Research Vibiz of Vibiz Consulting suggests that the pound sterling currency on the currency pair GBP / USD is estimated to be higher in intraday, and is expected to face resistance at around 1.5802.

Europe Economy News and Review

Not bad .. European stocks opened Positive

Wednesday, September 14, 2011

Statement of European Commission President Jose Manuel Barosso which states the agency will introduce the joint bonds has driven up European markets trade on Wednesday (14 / 9) because investors believe will be able to overcome the debt crisis of Europe.

The FTSE rose 0.6% to 5.2006, the DAX rose 0.4% to 5190 and CAC rose 0.8% to 2920. Banking stocks that were previously suppressed began to move horizontally, as quoted from yahoofinance.com.

Investors will see the results of a meeting of Germany, France and Greece on Wednesday afternoon to discuss the crisis in Greece. Markets expect any clues to resolve the crisis.

In China there Dalian World Economic Forum meeting with Chinese Premier Wen Jiabao decisiveness to fight inflation by maintaining economic growth. China's economic fundamentals remain strong despite the sluggish global economy moving.

Gold Back Up Due to Weakening Dollar

Tuesday, 13 September 2011

Gold rose in New York due to concerns that Europe's rising debt crisis and the falling dollar boosted demand for the metal as an alternative asset. "Concerns about Greece has not abated," said Sterling Smith, an analyst with Country Hedging Inc., said in a telephone interview from St. Paul, Minnesota. "The dollar weakened also provide support."

Gold for December delivery rose $ 11.40, or 0.6%, to $ 1,824.70 an ounce on the Comex at 9:35 pm in New York. The precious metal rose to a record $ 1,923.70 on September 6, amid fears the global economy.

"The debt crisis euro zone remains the dominant issue," wrote Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt, today in a report. "The gold should remain in demand as a safe haven."

News and Economic Review Asia (Japan)

Yen pressure Arrested Consumption Sector Report

Tuesday, September 13, 2011

In trading GBP / JPY today (09-13) observed Pound strengthened against the Japanese yen rebound

Price rolling observed in the range of 121.42 following the recent report from the statistical office of the UK.

Latest information about the indicator Retail Price Index (RPI) y / y which was just released by the National Statistics showed an increase in the consumption sector performance.

Indicators of Retail Price Index (RPI) y / y increase to 5.2% reported previously expected to rise to 5.0% from the previous value of 5.0%. This positive response by investors in forex trading.

Analyst Research Vibiz of Vibiz Consulting suggests that the British Pound on the currency pair USD / JPY is expected to still be able to continue the rebound against the yen.

News and European Economic Review (Greece)

Greece stopped Two Hundred Thousand Civil Servants

Tuesday, September 13, 2011

Efficiency measures 'cruel' continue to force the Greek government. State that this massive debt was rumored to soon lay off 200 thousand public employees to save on expenses.

The central government has ordered all state companies to reduce the number of workers up to 10% in two weeks! Among these companies is Athens News Agency (ANA) and the broadcaster ERT. The Company is known as tax pengemplang like OSE National Railway and the Athens Metro is also affected by the instruction center.

The main purpose of the layoffs was to cut as many as 200 thousand employees of the public sector until 2015. The government even ready to freeze the business units that no longer has an important function. Furthermore, state employees who survived the layoff wage adjustments should also be experienced again. Currently, they have been exposed to a pay cut of 20% since last year.

Foreign auditors of EU and IMF asks Greece to accelerate privatization and a focus on structural reform. The government will continue talks with international creditors on 19 September. Negotiations this time aiming to convince the authorities that Greece could pay off the mortgage bailout last year and deserves a new stimulus 109 billion Euros.

News and European Economic Review (Greece)

Default Risk Greece Achieve 98%

Tuesday, 13 September 2011

Greece has a 98% chance not to pay off the debt within the next five years as Prime Minister George Papandreou failed to convince investors that the country can survive the crisis of the euro area.

German Chancellor Angela Merkel says she will not let the Greeks go to the "insolvency of control" because the politicians are trying to limit the spread to other euro members. Papandreou pledged to comply with the conditions of the target deficit of the European Union and the International Monetary Fund bailout was undermined by data showing the country's budget gap widens 22% in the first eight months of this year.

The probability of default for Greece are based on standard pricing model that assumes investors will recover 40 percent of the nominal value of bonds if the nation failed to meet its obligations. CMA lowered to 38% recovery assumption of yesterday, which will give Greece the possibility of 95% dafault.

News and European Economic Review (UK)

UK CPI data Up 4.5% In accordance with estimates

Tuesday, 13 September 2011

UK consumer price inflation rose in line with expectations in August, official data showed on Tuesday. In a report, the UK Office for National Statistics said consumer price inflation rate rose to 4.5% in August from 4.4% in July, according to estimates by economists. Month to month, consumer price inflation rose 0.6%, in line with expectations.

Retail price index rose 5.2% in August, up from 5.0% a month earlier and higher than expected for a gain of 5.0%.

After the release of the data, the pound pared losses against the U.S. dollar, the GBP / USD fell 0.41% trading at 1.5798.

Meanwhile, European stock markets are broadly lower. FTSE 100 fell 0.75%, Euro Stoxx 50 fell 1.3%, France's CAC 40 down 1.8%, while Germany's DAX fell 0.95%.

Gold Darting Stimulus Trigger Speculation Over Request

Friday, September 9, 2011

Gold rebounded, turned from a weekly weakening expectations as an additional stimulus in the U.S. sparked demand for safer assets categorized.

Monitored by far the spot price of gold raced 0.53% to as low as $ 1,880.00 per troy ounce.

Obama urged Congress to approve a plan of the addition of labor valued at $ 447 billion into the economy through infrastructure spending, subsidy to local governments to reduce layoffs and cut half the income tax on employees and small businesses.

This plan reflects the government's concerns over the economy, increasing the chances of the next round of pruning quantitative, and sustain the overall Gold.

Another catalyst is the increase in investment demand for gold in China by 44% in the second quarter from a year earlier to 53 metric tons, based on data from World Gold Council.

Asian Economic News and Review (Hong Kong)

Hang Seng closes Weakens, Not Strong Hold Expenses

Friday, September 9, 2011

Hong Kong Stock Exchange in trading today (9 / 9) closed lower. Stock apparently not strong in maintaining the positive movement that occurred this morning. Investors actually hold back and sell stocks amid global economic uncertainty ahead of a G7 meeting this weekend. In addition, China's economy is still not stable as data for industrial production for August was reported down.

Hang Seng Index closed down 0.23% to 19866.63 basis points. While index futures declined by 133 basis points to 19 731 points with the support level of 19,731 points and resistant level of 20,077 points.

Stocks that declined include China Overseas stock is down 0.64% to 15.46 HKD, PetroChina shares fell 0.41% to 9.68 USD and China Mobile shares fell 0.69% to 79.45 EUR.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of the Hong Kong bourse is expected to start next week is still difficult to predict. The threat of correction will still occur due to volatility in global economic conditions.

Europe Economy News and Review

Tenacity Germany, France increasingly undermine Euro

Friday, September 9, 2011

The euro continued weakening in early New York session after Germany and France re-affirm the desire for financial market transactions to tax immediately. "Taxes include bonds, stocks, forex, and derivatives," according to Dow Jones New Wires report quoted Finance Minister of Germany and France.

Sentiment worsened after Reuters reported the ECB's Stark resigned as a board member of the European Central Bank's monetary. According to Reuters resource, Juergen Stark resigned due to disagreements over the ECB bond purchase program. It certainly made ​​it clear conflicts in the ECB will be programs to help members of the euro-zone problems.

News and European Economic Review (Greece)

Rollover Greek participation Maybe Only 70%

Friday, September 9, 2011

Global investors today will determine whether they will participate in the Greek bond rollover program. Athens wants investors to exchange bonds due soon for new bonds maturing in 2020. Athens has given time for financial institutions to 9 September to express the desire that predicted participation may only reach 70%.

"9 September was the last day; the amount of participation may be increased to remember today is the dateline," Reuters said the resource persons who are reluctant to name the publication. Athens has threatened to cancel the program if the participation rate of rollover of less than 90%. However, Athens does not have a position strong bargaining power because Europe also threatens the next block grants if the bailout does not improve fiscal performance. Program rollover is part of the second bailout package worth? 109 billion approved by Europe at a meeting last July 21.

Meanwhile, the euro remains weak in the London session, was trading near 1.3816 1.3788 daily low levels.

Europe Economy News and Review

Disaster! Turn on Bredel Yen Euro

Friday, September 9, 2011

The single currency until the euro fell to its weakest level against the yen in almost six months on Friday in the range of 107.25.

Attenuation mainly related to many investors do sell 'single currency' after European Central Bank yesterday issued its tightening policy bias

The euro plummeted to as low as 107.15 yen on the platform area by Reuters, which is the weakest level since mid-March.

While the single currency had a chance to stagger a little over 8 week lows against the dollar at $ 1.3885, but eventually fell well up to now move in the 1.3815 area.

News and Review Economic Zone Asia (Japan)

BOJ: "Japan Exports & Output Will Continue to Rise"

Thursday, September 8, 2011

Japan's exports and output will continue to increase although more slowly than before, the Bank of Japan said in a monthly economic report on Thursday, but warned that the strengthening yen and a cloud of uncertainty over the outlook for growth abroad.

"There are various uncertainties such as the development of overseas demand and a stronger yen," said the BOJ's report on the prospects for output.

Solid foreign demand will continue to help exports grow despite the pace of growth will moderate and the impact of the yen recently guaranteed to attract attention, the central bank said. The BOJ also said that capital spending will likely continue to increase, because the company restore plant and equipment damaged by an earthquake in March.

BOJ to maintain its policy settings on a Wednesday and stick with pandangannua bahwal Japanese economy on the path of moderate recovery.

Europe Economy News and Review

The euro slipped to 2-Month Low Point Below 1.4000

Thursday, September 8, 2011

The euro fell to its lowest level against the dollar after ECB President Trichet's comments underscore the risk of economic decline compounded ECB staff forecast for eurozone growth rate was revised down significantly.

The ECB now sees growth for 2011 only at the level of 1.4% and 1.8%, down from previous forecast in 1.5% to 2.3%, while growth expectations for 2012 was revised down to 0.4% - 2.2% is also down from 0.6% to 2.8%.

EURUSD currency pair finally hit to 1.3973 so far, the lowest since July 12, fell from the level of 1.4060 before Trichet's press conference begins.

Technically speaking, intraday bias remains bearish targeting 1.3800 area in the short term, but still required penetration consistently below 1.3950 area to trigger further bearish momentum.

On the upside, the nearest resistance level is located in the area 1.4030 - 1.4150 - 1.4200.

Europe Economy News and Review

Trichet warns Intensity Growth Risks

Thursday, September 8, 2011

ECB President Jean Claude Trichet still maintain a track record in maintaining price stability the ECB on Thursday, but at the same time there is a difference compared to previous month's statement that he said the risk (decrease) in economic growth is increasing.

Regarding inflation Trichet also see inflation already balanced, this is different from previous statements in which Trichet said there is a risk of rising inflation.

Trichet's statement is the conclusion the level of global economic uncertainty, where inflation is expected to decline below 2% until 2012, and the rate of the euro zone economic growth was revised down to 1.4% - 1.8% in 2011.

Bargain-Hunting Recover Gold

Thursday, September 8, 2011

Gold rose in London session, bolstered by bargain-hunting action due to the U.S. hopes will provide a stimulus to prop the fragile economy. Investors are now looking forward to President Obama's speech and the Fed's Bernanke for clues further stimulus. ECB's Trichet's statement after the ECB rate decision will also get attention. "Investors take advantage of falling gold prices," said Dan Smith, analyst at Standard Chartered. "Global macro conditions are still bad and it still will support the gold."

The uncertainty of global economic growth has managed to help print gold record and predictable sentiment is still awake to the danger of investors believe a recession has passed. Obama's speech may give hope for improvement of the labor sector of the U.S., but the effect is likely to be temporary. "If the U.S. announced the stimulus then the anxiety of investors can be reduced but can not restore confidence in the worsening crisis of the post-euro zone debt and cuts in the U.S. credit ratings," said David Thurtell, analyst at Citigroup.

However, Wang Tao, technical analyst by Reuters forecast the gold price could fall to as low as 93. "Gold is now anticipating a decrease that may touch the 50, although the fall is short sighted," said Tom Pawlicki, an analyst at MF Global. "The direction the market is still uncertain. Investors continued to monitor the development of the euro-zone debt crisis, the slow world economy, and the U.S. stimulus package. "

What is also discussed here other than metal and oil commodities,?

Halo om ande,

I'm only posted all about commodity here, especially information about oil and gold. I think them take effect for forex market.

If om ande have information about another commodity, there is no problem if you post it here too :)

Gold rises ahead of Bernanke Testimony

Friday, August 26, 2011

Gold prices in afternoon trading today (26 / 8) recorded an increase. Gold becoming stronger again ahead of the testimony of Ben Bernanke as Fed governor who will provide insights and predictions about the chances of the U.S. economy forward. Investors apparently is still not expecting much and try to increase the requirement for safe-haven commodities.

Spot gold rose by 0.3% to 1774.2 dollars per troy ounce with a support level at 1756.59 dollars per troy ounce and resistant level at 1792.92 dollars per troy ounce.

Increased co-movement of gold followed by platinum which is currently up 0.3% to 1816.74 dollars per troy ounce. Rising platinum prices triggered by the speculative rise in demand for platinum by Japan this year.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of gold prices is expected to be still more likely to rise with the price range between levels 1770 - 1785 dollars per troy ounce.

News and Review Economic Zone Asia

Weak Asian Regional Stock Exchanges

Friday, August 26, 2011

Regional stock markets mostly down ahead of a speech-led the U.S. Fed, Bernanke in Jackson Hole, Nikkei +0.1%, S & P / ASX -0.3%, HSI -0.1%, Kospi +0.7%, +0.5% TAIEX, Sensex +0.3% and Shanghai Composite -0.4%.

In the forex market, the USD weakened against the USD and the EUR ahead of Bernanke's speech. USD / JPY at 77.20 vs 77.46 Thursday night in New York. EUR / USD at 1.4424 from 1.4379, and EUR / JPY at 111.33 from 111.40. Minister for fiscal and economic policies of Japan, Yosano said the government intervention in currency markets is necessary, but not done regularly. Japanese CPI figures for July rose 0.1%, compared with an estimated decrease of 0.1%. Prime Minister of Japan, Naoto Kan announced his resignation as head of the democrat party.

RBA Governor, Stevens signaled the central bank will hold interest rates steady for now, "we can tackle inflation." Stevens also said China's currency weakened causing instability of the global economy significantly. Spot gold was at $ 1,774.20, closing up $ 2.90 from New York. Nymex oil in October was down 23 cents to $ 85.07/barrel.