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News and Overview of the European Economic Zone

U.S. Debt Haunting Continues European Exchanges

Friday, July 29, 2011

European stocks still continuing decline in trading Friday, as U.S. lawmakers failed to break the deadlock in the discussion of the U.S. debt ceiling increase sparked fears that defaults on the world's largest economy.

Investor sentiment risk is also damped by a series of disappointing corporate earnings, plus a warning that ratings agency Moody's was reviewing the state's credit rating for possible downgrade following the Spanish weak growth and the strong funding pressures experienced by the country.

The Stoxx Europe 600 index slipped 1%, while the German DAX and French CAC40 each losing 0.8% and 0.85%. In Britain, the FTSE fell about 0.7% observed in the first 2 hours of trading.

Republicans are still trying to fight for their budget deficit cutting plan after the leaders of the House of Representatives, John Boehner, failed to gain enough support in the discussion on Thursday, sparking fears that the deal will not be achieved before the deadline August 2.

News and Overview of the European Economic Zone

Euro Distressed European Crisis

Friday, July 29, 2011

The new concerns about the ability of Europe to avoid financial disaster has hit the single currency Euro, while the debate is to forget the chaos of the U.S. debt crisis as investors anticipate the euro zone reached the worst condition.

Analysts see a rise in bond yields Italy and Spain is an indication of concern among market participants that the crisis could spread to Spain and Italy.

Observed so far yield bonds with a tenor of 5 years Italy rose to 5.82% from 5.68%, even tenor of 2-year bond rose to 4.20%, well above the 3.5% interest rate promised by the European leaders of the Greek government.

News and Overview of the European Economic Zone (UK)

Pound Attempting to Revive 1.6300

Friday, July 29, 2011

Cable downward momentum in the European session on Friday it now appears to subside so close to the level of 1.6260, which push the GBP / USD again rising to an area of ​​1.6300 ahead of key U.S. economic growth data.

Although the overall record is still weak throughout today's trading, the U.S. debt problem discussion deadlock in Washington was still providing adequate support for GBP / USD to limit the decline in deeper water.

But in case currency pair slipped back to penetrate the low-level daily, then it might be the closest support can be found in the area of ​​1.6200 (psychological level) and 1.6121 (low July 21) and 1.6069 (low July 20). In contrast, the nearest resistance level at 1.6374 (daily high), followed by 1.6428 (July 26 high) and 1.6471 (high June 7)

Crude Oil Down, negative U.S. Economic Data

Thursday, July 28, 2011

Price movements of crude oil to trade this afternoon (28 / 7) was recorded as having impairment. Continued negative sentiment from the decline in durable goods data and the increasing number of U.S. crude oil inventories provide pressure for crude oil prices after two days ago had a "comfortable" at the level of 99 dollars per barrel.

Conjunction with the above condition is still "floating" the delimitation of its policy plan the U.S. debt that is still in early stages of discussion in parliament. At the same time, the threat of decline in credit rating is also a major focus of the market.

Crude oil futures fell by 46 cents to 97.57 dollars per barrel. Meanwhile, Brent crude fell by 65 cents to 118.08 dollars per barrel.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil prices is expected to move still limited. Given a few moments longer to be released advance GDP data are predicted to decline.

News and Review Economic Zone Asia (Japan)

Yosano: Yen Intervention Will Simply Difficult

Thursday, July 28, 2011

Japan's economy minister, Kaoru Yosano, said intervention sebesar1-2 trillion would be quite difficult, according to the Jiji news agency reported. Businessmen, Japan's central bank, and Japan's finance minister has uttered concerns over the continued strengthening of the yen: it can be a signal that there is policy intervention. However, Japan may have to do a solo intervention as the market saw little possibility of the G-7 intervention following the earthquake in March 11 last.

Most large Japanese companies still maintain profit estimate, but the continued strengthening of the yen can suramkan outlook. Japan solo intervention in September 2010, which spend the funds? 2 trillion, also appeared after the outbreak of concerns over the impact of yen appreciation exporter on the world of business. Yosana also express the Japanese government still focus on the deadline the U.S. debt limit increase on August 2.

Meanwhile, the yen bounce back in London after the session Yosano statement indicates Japan will probably not intervene before August 2.

News and Overview of the European Economic Zone (UK)

Sterling Stable After 'zig-zag' Due to Data

Thursday, July 28, 2011

Sterling re-engaged as stable as in the range of the afternoon session on Thursday after terpontang skelter due to the emergence of disappointing economic data.

GBP finally drove back in the range of 1.6320-30 area after slumping to a zig-zag pattern due to the release of the CBI Distributive Trade data that appears below expectations in the previous figure of -5 -2.

Previously Sterling also rocked by the CBI data trend order or request an order number UK manufacturing industry which appears disappointing.

Consequently the data adds to a long list of economic data in Britain are poor, and strengthen the economic outlook bleak view of Britain.

While the Bank of England still expected to hold interest rates at a record low of 0.5% until the end of the year with increasing concerns over the fragility of Britain's economic recovery.

News and Overview of the European Economic Zone (Greece)

Trichet: Do Speculation On Default Greece

Thursday, July 28, 2011

Greece is speculated to be the default action is sure to lose money, says ECB President Jean-Claude Trichet. "Speculation as it is a sure way to lose money, especially after the European decision last Thursday," said Trichet told the magazine Le Point. Euro trying to recover from the downturn after the news was released; EUR / USD now traded 1.4292, 1.4269 away from the daily low levels.

Euro-zone leaders have agreed a second bailout for Greece worth? 109 billion. However, the market worried about the ability to stop the contagion ESFS further Greece's debt crisis. Sentiment was not yet agreement worsen as U.S. lawmakers to raise the debt limit. Reuters survey also showed a majority of analysts (31 of 50 respondents) consider European policy will not solve the crisis.

Trichet see European decisions taken an important step for the stability of the euro-zone finance. However, Trichet also express Greece must work hard to fix the economy. "When compared with international debt problems, the condition of Europe is still better than Japan or the U.S.," said Trichet.

News and Overview of the European Economic Zone (Germany)

Germany Confident U.S. Will Finish Problems

Thursday, July 28, 2011

Germans believe U.S. lawmakers could reach an agreement to raise the debt limit, according to Finance Minister Wolfgang Schaeuble. This comment is in line with market expectations after the global stock markets slumped yesterday due to widespread fears that Washington will fail to break the deadlock so it can be caused by default.

"I remain confident a solution will be found, even if it might happen at the last minute," said Schaeuble in an interview with German newspaper Passauer Neue Presse. "Although the solution given only short term and is unlikely to solve the U.S. problem, especially the high debt burden and the economic outlook; but the U.S. still have to find a long term solution to fiscal policy and solid growth."

Continue Bullish gold to $ 1624

Monday, July 25, 2011

The movement of gold prices for the afternoon today (25 / 7) recorded an increase. Continued positive trend has not occurred again as worries about the planned end of the delimitation of treasury bills that will be conducted by the U.S. government. It still contains speculation given some time yet to be released U.S. credit ratings data.

Spot gold rose by 1.4% to 1624.07 dollars per troy ounce with a support level at 1608.02 dollars per troy ounce and resistant level at 1622.24 dollars per troy ounce.

Rising gold prices also followed by other metal commodities like silver rose 1.3% to 40.605 dollars per troy ounce and platinum rose 0.1% to 1792.5 dollars per troy ounce.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of gold prices is expected to continue to rise. The lack of good news from the global financial sector makes investors prefer a safe-haven commodities.

News and Review Economic Zone Asia (Japan)

USD / JPY Return Threatening 78.00

Monday, July 25, 2011

Recovery efforts USD / JPY in early Asian trading session on Monday failed to surpass the resistance in the 78.50/55 area, and then slipped back into a low-level daily and visible testing the support at 78.00 amid a relatively quiet market conditions.

With market focus fixed on the U.S. debt ceiling discussion as the deadline approached, some analysts of the Talking-Forex.com assess if "bias drop is expected to dominate in this week because investors are still speculating on the new measures that have been announced at high European Union officials, while the discussion in Parliament about the U.S. debt ceiling still not see a way out. beyond that, the fact that the currency pair is more robust trading below the psychological level of 80.00 could potentially increase the speculation that the BOJ would intervene to weaken its currency. "

"For the technical level, support can be found at 78.00 and then at a record low of 76.30. On the contrary, resistance is seen at 78.74, 79.03 and 79.32 later," they added.

News and Overview of the European Economic Zone

U.S. Debt Worries Crush European Market Sentiment

Monday, July 25, 2011

European stock exchanges began trading this week from negative territory following the outbreak of post-action avoid the risk of the U.S. debt limit increase discussion between Democrats and Republicans are again deadlocked.

Financial stocks were among the sectors that showed the worst performance, with the Stoxx Europe 600 banking index fell to 2% so far. In Britain, the FTSE slipped nearly 1% in the first 2 hours of trade, while the German DAX and French CAC each recorded a decrease of 1% and 0.33%.

U.S. lawmakers still plan to outline proposals on Monday, but both sides appear further apart than ever.

"The market expects the achievement of an agreement. I do not think the U.S. debt default has been fully discounted by the market," said Keith Bowman, equity analyst at Hargreaves Lansdown.

News and Overview of the European Economic Zone (UK)

Thin Sterling Rebound Ahead of Housing Data Release.

Monday, July 25, 2011

Recent data BBA Mortgage Approvals indicators scheduled to be released by the British Bankers' Association, is expected to show a positive indication of developments in the UK economy.

The impact of data releases to trade GBP / USD this afternoon (25-07), which monitored the movement of the strengthening pound sterling currency rebounded on a limited range of movement intraday.

The forex market responds to this by encouraging early GBP / USD so it is in the range 1.6284.

Recent data BBA Mortgage Approvals indicator is expected to increased to 31.3K from 30.5K.

Analyst Research Vibiz of Vibiz Consulting suggests that the pound is still potential to further strengthen especially up until the data is actually released.

News and Overview of the European Economic Zone

Euro Outlook Still Negative, Greek debt rating more muddy.

Monday, July 25, 2011

In forex trading the Asian session today (25-07), the Euro is generally observed in the pattern of sideways and slightly weaker against several other major currencies.

This is reflected in the index movement euro edged down about - 0.02% on forex trading.

The achievement of agreement with European leaders to do the bail out of Greece, have not been able to convince investors to back Greece's public debt rating lowered, this time by Moody's Investors Service.

Long-term foreign currency debt the country is sheared three levels to Ca from Caa1.

Analyst Research Vibiz of Vibiz Consulting suggests the market briefing ahead of the European session today that the outlook of the euro still be negative.

On the intraday movement of the euro currency has the potential to respond to reports the National Bank of Belgium is scheduled to release its latest data Belgium NBB Business Climate indicator at 20:00 (GMT) later.

The indicator is expected to show negative performance and the estimated down to - 2.2 from the last period is - 1.1.

Oil Level Psychological Testing $ 100

Friday, July 22, 2011

Oil prices rose, approaching the psychological level of $ 100, with the emergence of hope will soon be the completion of Europe and the U.S. debt crisis; it certainly can reduce the anxiety over Chinese economic slowdown. IEA's decision not to release strategic oil reserves to shore up prices too black gold.

"Sentiment improved oil, especially with the improving global economic conditions in recent years," said Eugen Weinberg, analyst at Commerzbank. "European agreement to resolve the debt crisis of Greece managed to calm the market." Today, Europe has decided to give Greece a second bailout worth? 159 billion and expand the scope of responsibility ESFS.

"Oil is now testing the psychological level of $ 100, we may be able to see the continuing action could buy if oil is stable above that level," said Weinverg. Technical analysts by Reuters, Wang Tao, also believes oil will continue to achieve the target increase of $ 101.53

News and Review Economic Zone Asia (Korea)

Korean Won Gains, Non-Oil/Gas Imports Up.

Friday, July 22, 2011

Central Bureau of Statistics (BPS) reported that the recent developments of non-oil imports from South Korea to show improvement.

Performance of imports in May rose by 1.7 million U.S. dollars, up by 0.29% from the previous month.

It is shown the value of non-oil imports from that country which in May reached a value of 591.3 million U.S. Dollar.

Meanwhile in April non-oil imports from that country worth 589.6 million U.S. Dollars.

Analyst Research Vibiz of Vibiz Consulting suggests that move tracked Korean Won gained about + 0.63% against the rupiah at foreign exchange trading during the period of April.

As for today's trading on the Korean Won + rose 0.25% against the rupiah currency in forex trading today.

Meanwhile, according to Bank Indonesia rate announcement today selling Korean Won exchange rate in the range of Rp. 8:15 / USD and buying rate of about Rp. 8:06 / KRW.

News and Overview of the European Economic Zone

European Stock Gains Post-Bailout Deal Greece

Friday, July 22, 2011

European stock markets on Friday tertopang driven by the strengthening of the banking sector after investors responded positively to the European Union officials plan to reduce Greece's debt problems and prevent the spread to the region.

European officials have reached an agreement yesterday to overhaul the financial rescue fund in order to reduce pressure on Greece and other European countries is problematic for several months.

But other analysts are still skeptical on sentiment risk appetite, and saw only a temporary rise in line with the talks that the U.S. debt ceiling increases have not produced a new agreement.

Looking ahead a few investors still waiting for earnings reports among other big European banks, Deutsche Bank, UBS, Credit Suisse and Banco Santander.

News and Overview of the European Economic Zone (Germany)

German Ifo Business Climate Index in July Fall

Friday, July 22, 2011

German business optimism fell in July to a low level of nine months as companies said they anticipate slower growth in exports and less optimistic about the retail and wholesale business, the German Ifo research institute said Friday (22).

Business optimism fell to 112.9, slightly its estimate of economists outside the 113.8 for the month, the research institute in Munich said.

In June, business optimism rises for first time since February to 114.5.

More optimistically, Ifo said that capacity utilization in manufacturing increased since the spring and the company still plans to hire more staff. Improved business climate in construction, Ifo said.

News and Overview of the European Economic Zone (France)

July French Business Sentiment 105 Vs 110 In June

Friday, July 22, 2011

French business leader in the manufacturing industry was more pessimistic in July, because they are afraid to slowdown their individual prospects and those of their industry, according to data released Friday by national statistics offices.

According to Insee, the French business sentiment index for the manufacturing industry fell to 105 in July from a revised 110 in June, below expectations reading of 108, according to Dow Jones Newswires survey of economists.

Index in June had originally estimated 109.

Insee explained that in July, business leaders grew worried about their order books and order in general. They also became concerned about the stock, which looks smaller than before.

China Manufacturing Down, Gold Up

Thursday, July 21, 2011

World gold price in trading Thursday (21 / 7) up 0.5%. Investors are still trying to protect their wealth by the slowing world economy after China's manufacturing fell for the first time this year.

Trading in the bullion market Singpaura to delivery rose 0.2% to U.S. $ 1,603.95 an ounce from the previous U.S. $ 1,603.05 per ounce. On the spot gold hit a record date of July 19 last year reached U.S. $ 1610.10 which continue to fall because of European and U.S. debt are making progress.

"Global economic uncertainty, especially in Europe became the main driver of gold rise this year. In the end the gold to give advantages to investors to avoid risk than holding cash," said analyst Futures Industrial Co., Long Lin in Shanghai, which quoted from bloomberg.com .

Gold for August delivery in New York for the first time rose 0.5% to U.S. $ 1604.30 per ounce. Ownership of metals in products traded on the stock rose 0.1% to 2,122,619 metric tons.

Indicator of manufacturing sector activity in China fell 48.9 in July. This index is the lowest sjeak March 2009. This is due to tightening monetary policy and declining global demand weighing on the economy

News and Review Economic Zone Asia (China)

China Shares Down; PMI HSBC Weak and Inflation Concerns

Thursday, July 21, 2011

China 's shares ended lower today, a new manufacturing data from the HSBC accounts for concern over the economy slows and inflation remains high.

The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 1.0% at 2765.89, the fourth session of consecutive losses. The Shenzhen Composite Index fell 1.1% to 1206.08.

Loss brought the Shanghai index closer to the technical support at 2750 points. Analysts said the room to fall further will be limited in the near future.

"PMI HSBC is negative for the market, but I think we really saw the reaction is quite limited as investors awaited official release of the PMI in August, and the inflation rate in July," said analyst Wang Liangxing of Western Securities.

Purchasing Managers' manufacturing index fell to the beginning of HSBC China's 28-month lows at 48.9 in July from 50.1 in June the final value, indicating a contraction in manufacturing activity.

In addition to concerns about slowing growth, analysts said the market is constantly weighed down by inflation expectations remain high.

"There are indications that Beijing is still not happy with the rate of inflation and tightening measures to pursue further, and it continues to drag down markets," said Zhang Gang, an analyst at Central China Securities.

"Investors are increasingly worried that inflation could be higher in July than June," when the country's consumer price index rose to a three-year 6.4%, he added.

Heavy industrial companies among the biggest losers today as investors worried that slowing growth may negatively affect the demand for steel and cement.

Anhui Conch Cement fell 1.5% to CNY27.05, Wuhan Iron & Steel lost 1.0% to CNY4.03 and Angang Steel closed 0.9% lower at CNY6.60.

The prospect of further tightening of banks dragging. China Merchants Bank fell 0.9% to CNY12.63, Industrial Bank lost 0.6% to CNY13.77 and Shanghai Pudong Development Bank ended 1.1% lower at CNY9.73.

News and Overview of the European Economic Zone (Spain)

Spain To Pay Expensive Auction Obilgasi

Thursday, July 21, 2011

Spain must pay more when auctioning bonds; is certainly going to impose on Europe meeting trying find a solution to solve the debt crisis. Spain managed to get the funds? 2.61 billion, still within the target range? 1.75 -? 2.75 billion. However, the 10-year bond yield and the 15 years up respectively to 5.896% and 6.191%, higher than the previous auction of 5.395% and 6.027%. This is the most expensive auction fees to be paid the Spanish in 1997, before the launch of the euro.

Investors seemed to worry the Spanish could become the next victim of financial crisis, follow the trail of Greece, Ireland, and Portugal. European leaders will meet tonight to approve a rescue package of both Greek and other measures to stop further spread of the crisis. "Auction this time is a punishment severe enough for Spain," said Marc Ostwald, a strategic Monument Securities.

News and Overview of the European Economic Zone (Switzerland)

USDCHF Moving Ahead Narrow EU Summit

Thursday, July 21, 2011

The U.S. dollar managed to keep strengthening against the Swiss franc on Thursday due to the defensive attitude of investors ahead of EU summit which will be reported at around 21:00 pm.

Observed so far gained 0.25% traded at 0.8215, 0.8236 after reaching its highest point. In the last few hours moving very narrow between 0.8211 to 0.8225.

From the economic side of the currency Swiss Franc pressured by weakening economic sentiment significantly Switzerland in July fell to its lowest level since January 2009 on concern the strengthening of the Swiss franc to a new record level as well as sovereign debt crisis in the euro zone. Another factor that affects among others report a contracting trade surplus exceeded expectations, due to the increase in exports exceeded imports.

Based on the study of technical, intraday bias remains bullish, especially after a bullish divergence is indicated on the graph Daily, targeting at least in the short term target of 0.8330. However still required penetration consistently above 0.8230 area to trigger further bullish momentum.

On the bottom side, the nearest support level lies in the area 0.8180 - 0.8150, fell below that area can transform into a bearish intraday bias to test a new record low levels below 0.8080.

News and Overview of the European Economic Zone (UK)

Outlook Still Gloomy Despite UK Retail Sales Rise

Thursday, July 21, 2011

Retail sales rose in June, but not enough to relieve market concerns the recovery outlook for the UK economy going. Retail sales increased 0.7%, better than forecast 0.5% but still less to Balance decline the previous month reaching 1.3%.

British society is now feeling the worst earnings decline in 30 years due to rising food and energy prices, high taxes, slow wage increases, and cuts in government subsidies. Nationwide surveys show consumers pessimistic in June. Nationwide consumer confidence index fell to 51. The CBI survey also show retailers are also more pessimistic about business prospects.

Bank of England has warned of economic growth will remain weak during the summer. British finance minister, George Osborne, state-euro zone debt crisis provided an additional threat to Britain's economic prospects is difficult.

Gold Turned Into Negative Territory

Wednesday, July 20, 2011

The spot price of gold slumped into negative territory after moving flat, as market players look for momentum to more risky assets.

Observed so far gold traded at $ 1,583.50 per troy ounce, down -0.27% compared to today's opening price.

Previous gold is supported by fears of slipping of the U.S. debt ceiling increase on August 2, but investors appear to engage in profit-taking action after the mood of market participants are more optimistic about being helped by comments President Barack Obama's Senate that the group has taken a significant step in reducing the U.S. budget negotiations.

Moreover, at the same time the European Union summit expected Thursday reached agreement on a new rescue package to prevent the spread of European debt crisis.

For the moment there are peak levels in the area of ​​$ 1,600 per troy ounce, with a strong support level in the range of $ 1500 long term.

News and Economic Review Asia (China)

Want to Keep the U.S. China Market Confidence

Wednesday, July 20, 2011

China emphasized the U.S. to take action in order to maintain confidence in the market against the dollar and U.S. government bonds; is certainly showed China's anxiety to the possibility of Washington's stated default. On the other hand, both the Congress and Senate now have its own budget austerity policy package as a prerequisite for raising the U.S. debt limit to avoid default.

"We hope the U.S. government will take a responsible policy and measures to increase confidence in global financial markets and protect investor interests," wrote China's forex regulator in his wesite. Investors are still not sure what to do with Beijing if the rating agencies lower the U.S. credit rating.

China's foreign exchange reserves reached $ 3.2 trillion and predicted 2 / 3 was deposited in U.S. dollar-denominated assets. China has uttered an important role in U.S. government bonds as an investment instrument given the high liquidity of these financial assets