mynameisandhy

News and European Economic Review (UK)

UK Producer Price Inflation Terlambung By Record Price Clothing

Friday, August 5, 2011

Inflation UK factory output rose in July at the fastest rate for nearly three years because of record increases in the prices of clothing and textiles, official data showed on Friday ((5 / 8).

Office for National Statistics (ONS) said output prices, the fees charged at the factory output rose 5.9% in the year to July - the highest level since October 2008 when that level is 6.6%. Producer prices rose 0.2% this month.

However, output prices increased at a rate slightly slower than expectations, with economists polled by Dow Jones Newswires had forecast a 6.0% rise in annual and monthly rise at 0.3%.

Data on Friday showed the price of clothing, textiles and leather increased by an annual rate at 5.2% - its highest level since records beginning in January 1997.

An official record of the ONS said the increase due to the rising cost of sheep's wool, which moves up the cost of knitted garments and hooks.

The increase in producer output prices were observed closely as it entered the consumer price inflation if retailers pass price increases on consumers.

The annual inflation rate in Britain fell to 4.2% in June from 4.5% in May, but still more than two fold targets the Bank of England (BOE) at 2%.

BOE, on Thursday to let interest rates stay at a low of 0.5%, mengeskpetasi inflation to accelerate further this year in the top 5% because of large increases in household bills benefits, before falling back gradually toward those targets.

News and Overview of the European Economic Zone

Bond Purchase Program ECB Less Successful

Friday, August 5, 2011

Programs & Ireland Portugal bond purchases by the ECB on Thursday appears to be less successful in stopping the spread of the crisis, according to ECB council member Luc Coene ECB step program is less helpful to see the market response.

According Coene, the ECB is still preparing a rare extra help to add liquidity to the market situation today, but before the state who have problems with debt need to do some convincing of fiscal austerity program first and the ECB could take action.

At present the response of market participants are still negative due to most of the promise given EU officials have not been implemented in a concrete, according Coene so the move was executed in concrete should be able to halt the spread of the crisis.

He also reiterated the European Commission President Jose Manual Barroso that the European zone leaders need to reconsider all aspects of the deal last July 21 in Brussels, including the amount of funds needed rescue.

News and European Economic Review (Switzerland)

Hildebrand Try to Stop Strengthening Franc

Friday, August 5, 2011

Swiss franc weakened against the euro and dollar after the President of the Swiss National Bank, Philipp Hildebrand, said the central bank does not exclude action to curb currency appreciation. "Franc weakened as investors worried about the movement of Swiss SNB will intervene," said Neil Jones, head of hedge funds to Mizuho Corporate Bank. "The market is worried by the possibility of plunging into the central bank foreign exchange market."

'

"Central Bank of Switzerland does not exclude any effective policy to curb the strengthening of the franc," said Hildebrand told the Neue Zuercher Zeitung. "We've communicated that we are willing to take further action if needed," Hildebrand said when asked whether the SNB would prefer to increase liquidity rather than selling the Swiss franc.

Central Bank Gold Brighten Outlook

Thursday, August 4, 2011

Gold re-printed record after ECB President Jean-Claude Trichet, said the central bank will continue to buy bonds in order to help relieve the debt crisis. Gold won $ 1681.65 in the New York session and also print a record in the denominations of the euro, sterling, and yen.

"Trichet has to admit the fact that the recovery will not be as expected. The economic outlook is not as good as before so that the central bank must extend the liquidity facility," said Andrey Kryuchenkov, an analyst at VTB Capital. "The movement of foreign currency is very volatile lately and this makes gold attractive as a financial asset for investment instruments. "

European Central Bank liquidity facilities extended its 6 months for complete debt crisis of the euro-zone. Bank of Japan this morning spend the funds? 1 trillion yen appreciation for the weir. Swiss National Bank has been uttered to pump more liquidity to reduce the rate of strengthening of the franc. Central bank intervention, either in foreign exchange and bond markets, certainly made ​​a bright outlook for gold. "The intervention of central bank gold affirmed the positive outlook," wrote UBS research report.

News and Economic Review Zone Asia (China)

China Shares Rise; Leading Cement Company

Thursday, August 4, 2011

China 's shares ended higher Thursday as investors hit by the recent selloff, but gains limited by fears of a protracted upcoming macroeconomic data that would indicate the domestic economic slowdown and high inflation.

The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 0.2% at 2684.04. The Shenzhen Composite Index rose 0.2% to 1187.90. Analysts said the Shanghai market seek immediate resistance at 2700 points.

"Uncertainty in the U.S. and Europe have contributed to market weakness, but the assessment in China is now low and investors are less interested in selling," said Zhang Guojiang, an analyst at Sinolink Securities Wealth Management.

Cement producer, which has fallen sharply in recent weeks, posting strong gains. Last Selloff has exaggerated the risks faced by the cement company, United Huatai Securities said in a report Thursday. Predict a strong performance in this sector.

Anhui Conch Cement ended 2.6% higher at CNY26.19 and Huaxin Cement closed up 6.3% at CNY27.69.

Financial stocks continued to show mixed performance in July ahead of the release of economic data next week, including the closely watched consumer price index. Agricultural Bank of China lost 0.4% to CNY2.66 while Bank of China rose 0.3% to CNY3.03.

Conversely, aircraft manufacturers and suppliers rose after Shanghai Securities News reports that Beijing is preparing legislation to provide support for the production of the aircraft as a strategic industry.

Xi'an Aircraft International ended 2.9% higher at CNY11.51 and AVIC Aero-Engine Control surged 1.6% to CNY13.60.

"The government plans to develop aviation and aerospace industry companies will provide significant support related," said Zhang Yuande, an analyst with Founder Securities.

News and Overview of the European Economic Zone

Buy Bonds ECB Planning Only Portugal and Ireland

Thursday, August 4, 2011

European Central Bank is currently buying Irish and Portuguese government bonds in the secondary market but has no plans to buy bonds of other countries, according to Reuters resource.

ECB President Jean-Claude Trichet, said the central bank bond purchases still run the program and traders see the ECB's incentive to buy government bonds Ireland and Portugal. "Activities undertaken in the secondary market ECB only applies to Irish and Portuguese bonds, rather than other countries," according to European Union officials are reluctant to publish his name, told Reuters.

Trichet declined to comment when asked why the central bank did not also buy Italian bonds are exposed to indiscriminate selling in recent days. Continue weakening euro and the Italian government bond yields continued to rise after Trichet's comments.

News and Overview of the European Economic Zone

Trichet is estimated Being Wait & See

Thursday, August 4, 2011

ECB President Jean-Claude Trichet is expected still to be wait & see to the direction of interest rates when he gave a press conference on Thursday, and possibly less able to give too much guidance about the direction of interest rates in line with slowing economic growth and the tension getting stuck.

According to most economists President Trichet will be defensive at a press conference later, with expectations of ECB interest rate is maintained at the level of 1.5%, after last month rose 0.25%.

Since the last increase in interest rates, economic data began to lose momentum at the same time began to fall in the growth of powerful countries like Germany. Moreover, the rescue package created a European leader for the Greek did not affect much to prevent the spread of sovereign debt krsisi to Italy and Spain.

News and European Economic Review (UK)

Pound Stable On Post-Decision BoE 1.6300

Thursday, August 4, 2011

Pound is almost no reaction to the announcement of the BoE interest rate decision, with only moved up about 20 pips after the central bank decided to maintain its monetary policy.

GBP / USD had fallen to a low-level daily at 1.6285 shortly before the announcement of the BoE policy, though then managed to rebound back above the 1.6300 level after the BoE decision. Cable is currently trading at around 1.6330 or approximately 0.55% below the opening price today.

"Technically speaking, the prices continue to hold around 1.6330 then it will probably be the closest support can be found at 1.6300 and 1.6250 area which if successful would potentially trigger impregnable continuing bearish rally towards 1.6100 level," said Valeria Bednarik of FXstreet.com. "On the other hand, the next resistance will be found at 1.6385, followed by a high level that is printed in this and the previous week, in between 1.6440/70. Penetration levels are obviously going to give birth bullish momentum for this currency pair to move towards the zone 1.66 price. "

BoE Monetary Policy Committee on Thursday has decided to keep its main interest rate at 0.5% level, policies that have persisted in the last 30 months. The Committee also decided to continue the asset purchase program worth? 200 billion.

Gold Still hired still by Central Bank

Wednesday, August 3, 2011

Monexnews - Central banks, especially developing countries such as Korea and Thailand have added to the purchase of Gold up to $ 10 billion to its reserves this year as signaling the collapse of international confidence in the bonds of Western nations and currencies like the dollar and euro.

Based on IMF data per day on Wednesday, Thailand buying Gold for the second time this year, increasing foreign exchange reserves to 127 tons of gold, while Russia bought 5.85 tons of gold, to 836.7 tons of gold reserves, the country holding the world's eighth largest precious metals.

Cumulatively, emerging market central banks have bought around 180 tonnes of gold, almost doubled from 73 tonnes of gold purchased by central banks globally throughout 2010. Request an unrelenting these impact on the strengthening of the spot price of gold about 17% this year, underpinned by concerns about economic weakness developed countries due to large debt that accompanied the growth of bleak.

Including Mexico's largest gold buyer so far this year, reaching a total of $ 5.3 billion purchase of Gold, or the equivalent of 98 tons of gold, followed by Russia which has purchased 48 tons of gold valued at $ 2.6 billion. Korea also confirmed previous pemeblian 25 tons of gold in June and July.

This means that the central bank still sees the gold price has not been too high, the expected central bank is still a major interest in gold, especially in a country that has increased its gold reserves but ownership is still relatively small, such as China. China's central bank is by far the world's sixth largest gold owner, but only mncapai 1.6% of total foreign exchange reserves was worth $ 2.5 trillion.

IMF data also suggests Russia, Kazakhstan, Greece, Ukraine and Tajikistan are also added purchase The gold since two months ago. Even Russia has always buy gold every month in the last 5 years.

News and Economic Review Asia (Japan)

Nikkei Weakens Again, Exporter Shares sales drop

Wednesday, August 3, 2011

Japanese stocks in trading today (3 / 8) recorded decreases. After yesterday had weakened, today's stock return was hit by a decline in stock prices triggered by the declining exporter of data consisting of U.S. consumer income and consumer spending data. With the decline in the data increased the pressure on Japanese exporters sectors that had previously affected by decline in U.S. manufacturing data.

Nikkei index fell by 2.1% to 9637.14 basis points. While index futures declined by 219 points to 9615 basis points with the support level of 9603 points and resistant level of 9691 points. The broader Topix index fell 2% to 826.75 basis points.

Stocks that declined include stock is Toyota Motor fell 1.3% to 3120 yen, Canon Inc shares fell 1.7% to 3690 yen and Kyocera Corp shares fell 2.3% to 8040 yen.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks are expected to weaken still more likely to remember the next day's meeting will be held anggotan Japanese central bank who will discuss opportunities in interest rates.

News and European Economic Review (UK)

Sterling Gains Against Yen In Intraday Trading.

Wednesday, August 3, 2011

Recent data releases Services PMI indicator has just been released by the Markit showed a fairly good indication on the UK economy.

The impact of data releases to trade GBP / JPY this afternoon (03-08) which was observed occurred strengthening pound sterling and the forex market responds to this by encouraging the pair GBP / JPY so in the range of 126.09.

Services PMI indicator of actual data reported previously menapai value of 55.4 which is expected to be able to drop to 53.3 from 53.9.

Analyst Research Vibiz of Vibiz Consulting suggests that the pound is still potential to further strengthen the pergerakn intraday.

News and European Economic Review (Switzerland)

SNB will Difficult Opponent Strengthening Franc

Wednesday, August 3, 2011

Swiss National Bank cut interest rates and the threat to implement policies that would limit the strengthening of the franc; nonetheless SNB seems to be difficult opponents appreciation of the franc as the high interest of investors on the franc as a safe-haven assets. Franc weakened against the euro and the dollar above the SNB's decision, but analysts predicted only a temporary weakening of the franc.

"Recent policy SNB will not stop the appreciation of the franc," said Neil Mellor, a strategic Bank of New York Mellon. "This will be a battle that will be hard won by the SNB, the central bank might only be able to slow the pace of appreciation." The low debt ratio fanc Swiss made an idol of investors amid a worsening debt crisis, euro zone and worries U.S. downgrades.

SNB cuts interest rates to a level "close to zero percent" of the previous 0.25% and will increase the supply of francs in the coming days. SNB does not tolerate the monetary tightening caused by the overvalued franc exchange rate that threatens economic growth and increase the risk of price stability. "SNB continued to examine developments and will take further action against the strengthening of the franc, if necessary," said the Swiss central bank.

News and European Economic Review (UK)

Resistant Test GBPUSD 1.6400

Wednesday, August 3, 2011

Pound sterling currency managed to rebound from the lows of the day is at the level of 1.6248 to the 1.6390 area, along with the weakening U.S. dollar amid the improving UK services sector.

GDP figures show UK economy terkerek rise in the second quarter after 6 months of stagnation and have developed based on the results of this week's exploration of the third quarter growth is still rising modestly.

NIESR estimates that growth in 2011 rose only 1.3% while the 2012 forecast at 2.0%. This means below the estimates issued by the government at 1.7% growth this year and 2.5% next year.

Technically speaking, a neutral bias with a potential range of intraday trading in the range of 1.6260 to 1.6400. Translucent area above 1.6400 could trigger a new bullish momentum further test the next technical level of 1.6450 & 1.6500. As for the bottom side, closest support level is at 1.6320 & 1.6260 area, fell below the 1.6260 area should be able to transform into a bearish intraday bias targeting 1.6050 area.

South Korea Central Bank Buy Gold

Tuesday, August 2, 2011

Gold rose in London session, supported by the purchase of precious metals by South Korea's central bank, but investors still waiting for the results of the voting agreement the U.S. debt. The Bank of Korea announced has purchased 25 tons of gold in the period of June and July for the diversification of foreign reserves: this is the first purchase in the last decade with total ownership is now 39.4 tons.

"Action to buy gold by the Bank of Korea is not surprising, because in the last three years has expanded the central bank issues in Asia have been buying gold," said U.S. trader. "This is positive for the market, but more long-term." Gold may move sideways Harini as investors wait for the results of Senate vote on the deal the U.S. debt after Congress gave approval.

"Gold may fall after U.S. debt deal reached, but the problem is not that investors believe the dollar and still want to put their funds in gold," said Peter Fung, chairman of Wing Fung Precious Metals.

News and European Economic Review (Japan)

Yen Weakens Pressured Japanese Society shrinking revenues.

Tuesday, August 2, 2011

In trading pair EUR / JPY today (02-08) Japanese Yen weakened against the euro and monitored in the range of 109.52.

Yen forex investors become less attractive as a indication of decreased economic performance in Japan.

Latest information on indicators Average Cash Earnings y / y which was just released by the Ministry of Health, Labour and Welfare showed a decrease in the revenue performance of Japanese society.

Indicators Average Cash Earnings y / y reported decreased to -0.8% previously forecast to fall to 0.4% of the value of last period is 1.0%. This negative response by investors in forex trading.

Analyst Research Vibiz of Vibiz Consulting suggests that the Japanese yen on the currency pair EUR / JPY is still expected to weaken thin, in a limited range of movement intraday.

News and European Economic Review (UK)

Rebound Efforts GBP / USD Still At Risk

Tuesday, August 2, 2011

GBP / USD had dropped to touch the lowest level since July 21 at 1.6224 after U.S. economic data releases on Tuesday, then turned back up above the 1.6250 area. Pound slips for second consecutive day against the dollar amid the outbreak of the action avoid risks in the market.

Although it managed to cut some decline, Cable is still not able to move higher to 1.6290 level continues to provide resistance for the currency pair. Currently, GBP / USD traded in the range of 1.6260 and still recorded a decrease of about 0.2%.

From the technical side, "DMA 21-day in the range of 1.6178 might be strong enough to provide support. Now we must continue to monitor whether a currency pair can continue rebounding from 1.6200-6180 support zone, or otherwise it will sink deeper into the area 1.6100, "according to the consultant team Kshitij.

News and European Economic Review (Italy)

Italy worry about market conditions

Tuesday, August 2, 2011

Italian bond yields continue to rise as investors worry about the slow recovery that may inhibit efforts to reduce government debt burden. Yield on the 10-year bond jumped 18 bps to 6.18%, the highest since November 1997. "His condition is alarming," said Harvinder Sian, a strategic Royal Bank of Scotland. "Yield continues to rise, if this condition persists Italy can be a victim of the debt crisis of the next euro-zone."

Reuters interviewee said the Italian government will meet today to discuss market turmoil that continues to jack the cost of borrowing. Financial Stability Committee, which consists of representatives of economic ministries, the Bank of Italy, the regulator Consob and ISVAP authority-will discuss the threat of being hinggapi third largest economy of Europe. The meeting will be led by Economy Minister Giulio Tremonti and the Ministry of Finance also attended the leadership of Vittorio Grilli.

Although Italy has a debt load that reached 120% of GDP deficit, but the controlled and stable financial system has managed to protect Italy from the threat of a crisis. But the market is now doubted the government could reduce the debt burden and do exciting activities for the sake of economic reform. Investors worried Tremonti will lose his position as Minister of Economy while the market saw Tremonti as an anchor of stability in Italy.

News and European Economic Review (Switzerland)

Swiss franc, U.S. dollar rises Related data, Debt

Tuesday, August 2, 2011

Swiss franc surged on Monday and the U.S. dollar strengthened against the euro, with the demand for safe-haven currencies will continue amid concerns about slowing global economic growth and the possibility of cutting U.S. credit rating.

U.S. manufacturing grew at the slowest pace in two years in July, the Institute for Supply Management said its doubts on recovery hopes will quickly re-waver.

In Europe, the euro zone manufacturing PMI also fell in July for two-year low and perhaps more worryingly, the Chinese government's official PMI also fell to its lowest level in two years.

The initial euphoria about the U.S. Congress approved a deal to increase loan limits faded as investors worried that the country might lose triple-A credit rating even though it appears the risk of default.

Euro dive record lows against the Swiss franc at 1.1030 on trading platform EBS, and last traded down 1.3 percent at 1.1171 francs. The dollar reached as low as 0.77323 Swiss francs, before pulling back to 0.7834, down 0.2 percent on the day.

Oil soared after the U.S. Debt Resolution

Monday, August 1, 2011

Crude oil futures prices rocketed as the U.S. debt resolution allay concerns potential downgrade or default state of the world's largest oil consumer.

Delay loading cargo Forties North Sea crude oil to 7 August also become a positive catalyst for the price of crude oil futures. Coming to New York's opening session, oil prices have risen 2:54% to as low as $ 98.14 a barrel.

Technically, translucent above 98.00 level has changed its intraday bias to be bullish at least test the 100.00 resistance area. But as long as prices stay below the 102.50 area, leading to long-term trend is still downwards.

On the bottom side, the nearest support level lies at the 96.80 area, fell under the area may change intraday bias to be bearish at least test the key support level of 95.00.

News and Review Economic Zone Asia (China)

Official data on the PMI fell to 50.7 in July

Monday, August 1, 2011

China Purchasing Managers Index PMI or also called degenerate into 50.7untuk July from the previous 50.9 in June as a manufacturing activity fell in the middle of tightening monetary conditions, according to a report on Monday. The figure, released by the China Federation of Logistics and Purchasing, was higher than 50.1, as estimated dalamsebuah survey by Reuters. A reading above 50 indicates an increase in activity manuacturing from the previous month, while a figure below shows a decline. A sub-index of input prices also dropped to 56.3 during the month from 56.7 in June.

News and European Economic Review (UK)

Under the sales drop GBPUSD 1.6400, 1.6340 Potential Target

Monday, August 1, 2011

Slow economic growth is still putting pressure on the currency pair GBP / USD in line with the fear of economic contraction as it did in Q4 2010.

After moving sideways since the Asian session, GBP / USD finally fell below 1.6385, touching its lowest intraday level and getting away from the highest two months at 1.6475 area due to the loss of momentum.

Technically speaking, intraday bias remains bearish after prices failed to penetrate above 1.6475 key resistance area, at least targeting 1.6340 area in the short term. Fell below that area should be able to add further bearish pressure testing the 1.6280 support level.

On the upside, only the movement of turning over a new area of ​​1.6475 can change the bias to be bullish intraday target the 1.6560 area / level of the peak month of May has historically been able to hold prices to rise as much as three times in the period of June. Overall bearish scenario is still more dominant during the last price below the 1.6560 area.

News and Overview of the European Economic Zone (Switzerland)

Worried Downgrade U.S., Swiss Franc Strong

Monday, August 1, 2011

Swiss franc strengthened against the pound, dollar and euro as fears that the U.S. government debt will be reduced. This has sparked demand for the Swiss franc against the currencies that are considered safer. Standard and Poor's said in July last that will probably cut U.S. debt rating if there is no credible plan to reduce the deficit.

"We will not see a significant weakening of the Swiss franc until the deal is enough to calm markets by looking at the condition of the U.S.," said Kit Juckes, head of forex research at Societe Generale SA in London. "The threat to cut U.S. ranking has not gone away, and investors will be looking for a safe haven."

Switzerland's currency rose 0.5% to 78.14 centimes per dollar at 4:35 pm in London after hitting a record 77.31 cents previously. Swiss Franck jumped 1.8% to 1.11109 per euro after reaching a record 1.10284. The currency also rose 1.4% against the pound to 1.2724.

News and Overview of the European Economic Zone

U.S. Manufacture Bad Data, European Stock Market Decline

Monday, August 1, 2011

UK stocks fell for a second day after a report showed that U.S. manufacturing is at the slowest pace in two years, overshadowing the revenues exceeded estimates at HSBC Holdings Plc. (HSBA)

Lloyds Banking Group Plc (LLOY) and BAE Systems Plc (BA /) fell more than 2% after the Institute for Supply Management's index of U.S. factory down. Laird PLC (LRD) slumped 15% after Cooper Industries Plc pulled the proposed takeover bid. HSBC, Europe's largest bank rose to its highest level in four months.

FTSE 100 Index (UKX) lost 40.76, or 0.7% to 5774.43 at the close at 4.30 in London, after earlier rising 1.7%. The index has fallen by 5.2% from its high this year was on February 8, amid speculation that the European debt crisis will spread and as concerns mounted that U.S. lawmakers will fail to agree on increasing the federal debt limit. FTSE All-Share Index also dropped 0.7% today, while Ireland's ISEQ Index dropped 2.3%.

ISM Manufacturing Index fell to 50.9 in July from 55.3 in June. Economists predict that the index would fall to 54.5.

Support to Oil Prices Failed Attacks Hurricane Oil Prices

Friday, July 29, 2011

Crude oil futures tumbled again despite reported some producers in the Gulf of Mexico to cut production due to tropical bada Don. Investors do not pay attention to the potential supply disruption as a primary focus on U.S. and European debt problems.

Market sentiment is still weak, after the report below expectations macro-economic data sparked fears of a global economic slowdown.

National Hurricane Center says Tropical Storm Storm has strengthened before landing on the coast of Texas today. Oil companies such as Enbridge, BP and Northern Natural Gas said that they had to evacuate staff who work near the area.

The arrival of Don storm has cut 6.8% of oil and gas production of 2.8% in the Gulf of Mexico.

Technically speaking, intraday bias remains neutral oil in the short term, the 102.44-resistance still restrict price increases in this phase. On the bottom side, the nearest support level lies at the 94.74 area, fell under the area should trigger further bearish momentum testing the 91.90 area or level 50-day Moving Average.

News and Review Economic Zone Asia (Hong Kong)

The Hang Seng closed down, Mining Shares Back Depressed

Friday, July 29, 2011

Hong Kong Stock Exchange in trading today (29 / 7) closed lower. The pressure apparently has not ended, and throughout the week Hong Kong's re-exposed to negative trends. The weakening of the Hong Kong bourse adany triggered by pressure from mining stocks and banks due to weakening crude oil prices and not passing the debt limit policy.

Hang Seng Index closed down by 0.58% to 22440.25 basis points. While index futures weakened by 16 points to 22 333 basis points with the support level of 22,259 points and resistant level of 22,594 points.

Stocks that declined include shares of Sinopec Corp. is the weakened 1.03% to 7.69 USD, shares of CNOOC fell 0.34% to 17.42 EUR and the CCB shares fell 0.32% to 6.28 USD.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of the Hong Kong bourse in early next week is expected to be still more likely weakened due to advance U.S. GDP data will be released tonight is predicted to decline 0.2%.