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News and European Economic Review (Switzerland)

Swiss Franc Weakens Ahead Release Data U.S. Services Sector.

Wednesday, July 6, 2011

In trading pair USD / CHF European session this afternoon (06-07) as a rival Swiss Franc U.S. Dollar weakened and tracked moves in the range of 0.8411.

Recent information regarding the Non-Manufacturing ISM indicators PMI which is scheduled to be released by the Institute for Supply Management this evening (GMT) basically expected to show a decrease in performance on the U.S. services sector. However, the market seemed to respond early pro U.S. Dollar.

Indicator ISM Non-Manufacturing PMI is expected to show decreased performance and the estimated value fell to 53.9 from 54.6 last period ie.

Analyst Research Vibiz of Vibiz Consulting suggests that the Swiss franc on the currency pair USD / CHF is still expected to strengthen further, especially until the data was announced.

News and European Economic Review (UK)

UK House Prices Rise In June

Wednesday, July 6, 2011

UK house prices rose unexpectedly in June, but will likely struggle to maintain that growth in the coming months, the mortgage lender Halifax said Wednesday.

Halifax house price index rose 1.2% in June from May. Annual decline - measured during the three months to June from the same period a year ago - narrowed to 3.5% from 4.1% decline in May.

"The economy is slowly improving and maintaining low interest rates should help to support a broad stability in the market over the coming months," said Martin Ellis, Halifax housing economist.

But he said the market was "likely will continue to face significant headwinds are expected to limit demand for housing."

News and European Economic Review (Germany)

German Factory Orders Rise in Foreign Prediction

Wednesday, July 6, 2011

Germany, the country with the biggest economy of Europe region recorded a Factory Orders increased beyond forecasts in May. Factory Orders Increased as a result of domestic demand for investment goods such as machinery production.

Factory Orders increased 1.8% from April, which economists had forecast a decline of 0.5% in a survey conducted by Bloomberg News.

"Orders of machinery production will continue to rise in coming months while the rate of growth will be slightly less dynamic than at the beginning of this year," said Juergen Michels, an economist at Citigroup Global Markets. Still he thought Germany would remain a growth driver in Europe and expansion of the machines may be increasingly driven by domestic demand.

Ifo Institute in Munich last month predicted Germany's economy probably grew 3.3% higher this year. The growth of the German economy is inseparable from the role of companies that depend on the production machinery. In the same occasion the agency projected the gross domestic product could grow 2.4%.

Technical support and resistance Oil

Tuesday, July 5, 2011

Oil: $ 97 Resistance: Support $ 91.54

Oil in the upside for the next session. The main thrust comes from the Greek parliament confirms choose state austerity program, which will allow to attract more money from the International Monetary Fund and the European Union and avoid the "default" (defaulted) debt, which could destroy the financial system of Europe.

Crude oil fell 11% in the three months since March 31. Oil rose 17% in the first quarter, sparked a rebellion in North Africa and the Middle East that make the world worry about supplies.

The biggest mover of oil prices now for the next session and the coming months is the release of 60 million barrels of emergency oil reserves the United States and a member of the International Energy Agency (IEA).

Gold rose from 6-week low, warning of the S & P support

Tuesday, July 5, 2011

Gold rose more than half a percent in a very thin volume on Monday after falling to a six-week low, and also by the warning related to credit rating agencies S & P which sparked fresh concerns over the Greek rescue plan.

Spot gold rose nearly $ 10 an ounce, or 0.7 percent, to $ 1,495.45 at 3:38 ET (1938 GMT), recovering from losses last week that followed the approval of the Greek austerity measures needed to access EU funding and the IMF.

U.S. gold futures for August delivery rose $ 13.90 an ounce, or nearly 1 percent to $ 1,496.50, with trading volume at only about 12 percent from an average of 30 days for U.S. Independence Day holiday.

Gold fell more than 5 percent or nearly $ 80 per ounce from near-record $ 1557 less than two weeks ago, but has attracted some bargain hunters to the lower levels.

News and Review Economic Zone Asia (Korea)

Morning Moving Kospi Cheers The impact of Global Positive Encouragement

Tuesday, July 5, 2011

South Korean Stock Exchange this morning appear to have a strong movement (7.5). Positive sentiment stemming from the rise in Wall Street late last week seemed still characterize the movement in the stock market of South Korea. most Asian bourses also increased this morning.

At the beginning of this week's Kospi index spots seem to increase. Index spot opened up by 20.63 points (0.97%) and in a position 2146.37 points.

Kospi 200 index futures contract for September appear to have increased by 285 points and thin at the position opened 283.25 points. Index futures appears to be still moving trying to strengthen further.

Shares in South Korean bourse suffered upward movement. Hyundai Mobis rose 6000 won to 406,000 won position. KB FGI has increased by 500 won to 51,500 won position.

Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the index futures at today's trading will increase. Index futures has the potential to test the level of 280.00 - 284.00 points.

News and Overview of the European Economic Zone (UK)

UK Manufacturing PMI June Fall Into Low 21 Months

Tuesday, July 5, 2011

British manufacturing activity in June grew at the slowest acceleration in 21 months, with new orders declined for the second consecutive month, the Markit / CIPS purchasing managers index for the sector show on Friday (1 / 7).

The index fell to 51.3 from a revised 52.0 in May. Economists predict a record at 52.5.

"With the headwind is already in place and the austerity measures are likely to put pressure on the opposing domestic demand and consumer, it appears as though manufacturing has entered a phase of slow growth that can be with us for some time," said Rob Dobson, senior economist at Markit.

News and Overview of the European Economic Zone (UK)

UK Construction PMI Shows Activity recede

Tuesday, July 5, 2011

UK construction sector activity grew at the slowest acceleration in June and businesses were less optimistic than this year, a survey showed on Monday (1 / 7).

Construction purchasing managers' index (PMI) UK fell to 53.6 from 54.0, Markit Economics said the survey collector.

That figure is in accordance with eskpektasi than economists forecast in a Dow Jones Newswires poll last week of moderate slowdown to 53.5. Note in the top 50 shows are growing.

June figures show the sector is expanding throughout the second quarter of this year. Sarah Bingham, an economist at Markit, said the notes "round of robust growth next quarter, though down in the first quarter."

But the survey shows optimism it the lowest in June this year, while companies cut jobs at the fastest pace since January.

Crude Oil Back Sunday Early Gains by Positive Sentiment Greece

Monday, July 4, 2011

In today's trading in crude oil prices rise again (7.4). Crude oil prices are still in a bullish trend is supported by the Greek rescue. Last week crude oil prices rallied by 4.2%. Greece's willingness to make budget cuts to make the European Union re-entrust the funds for the almost bankrupt the country.

Crude oil prices rose significantly after European finance ministers approved the 7.8 billion euros (12.4 billion dollars) in aid for Greece continued as of July 2. Brent crude oil prices rose after Goldman Sachs lowered its price of commodities.

Crude futures for August delivery contract seems to increase by 40 cents and traded at 95.34 dollars per barrel position. Crude oil prices rose by 32% during the past year.

Analyst Research Vibiz of Vibiz Consulting estimates that the price movement of crude oil will still be affected by global economic conditions and fundamentals in general. It is estimated that crude oil prices will still have movement in the range of 90-97 dollars per barrel.

News and Economic Review Asia (Japan)

Japanese Stock Gains; Nikkei Let Go 10 000

Monday, July 4, 2011

Japanese stocks this morning seems to have a strong movement (7.4). Positive sentiment stemming from the rise in Wall Street late last week seemed still characterize the movement in the Japanese stock market. most Asian bourses also increased this morning.

At the beginning of this week the Nikkei spot index appears to increase. Index spot opened up by 112.08 points (1.14%) in the position of 9980.15 points. This index will try to test the psychological level of 10000 points in trading today.

Nikkei index futures contract for September rose looks thin by 10 points and was opened in 9990 the position of points. Index futures appears to be still moving trying mengut further.

Shares in Japanese stocks experiencing upward movement. Honda gained 65 yen to 3175 yen positions. Softbank rose 45 yen to 3125 yen. Toyota rose 45 yen to 3380 yen positions.

Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the index futures at today's trading will increase. Index futures has the potential to test the level of 10000 points.

News and European Economic Review (UK)

Technical Rebound Ahead Sterling Construction Data Release.

Monday, July 4, 2011

In forex trading the Asian session today (04-07), British Pound continue to move generally observed rebound strengthened against several other major currencies.

Sterling moved higher against the U.S. dollar, strengthened against the Japanese yen thin and strengthened against the Australian dollar in trading yesterday after moving tracked mix.

Against the Australian dollar cross rates on GBP / USD, Sterling rose sharply this morning at around + 50 pips or about + 0.34%, up from about +11 pips or about +0.07% on GBP / USD and edged +7 pips or about +0.05% against the Japanese yen on the GBP / JPY.

Analyst Research Vibiz of Vibiz Consulting suggests the market briefing ahead of the European session today that the pound could potentially respond to the economic research institute report Markit is scheduled to release its latest data on the indicators of the UK construction sector at 15:30 (GMT) later.

Indicator Construction PMI is expected to show a slowing of performance and estimates the value dropped to 53.6 from 54.0 last period ie.

News and European Economic Review (Switzerland)

With the easing of interest franc depreciates Safe Haven

Monday, July 4, 2011

Swiss franc depreciated against 16 major currencies as investors switched to hunt yielding currencies higher on the belief of policy makers and bankers that Greece has been spared from the default. "Default risk has subsided significantly and Greece showed a positive development, so the trader reducing safe-haven buying. They are more interested in buying Euro and other currencies," said Kathy Lien, director of currency research at GFT Forex in New York. Franc also weakened for the day-to-5 in a row versus the euro after data showed a Swiss manufacturing growth slowed.

"Swissie has become a safe-haven currency which is quite good, especially if the market was away from the Euro because of the short-term risks," said Ulrich Leuchtmann, head of forex strategy at Commerzbank AG in Frankfurt. "But with the short-term risks in the euro zone eased, then the condition to be turning. Swissie would appear to weaken during events that pose no risk of the eurozone."

News and European Economic Review (UK)

Manufacturing growth injures Pound

Monday, July 4, 2011

Sterling weakened against most major currencies and hit a 15-month low against the euro on Friday as signs of economic recovery slowing England back to reduce the expectation of rising interest rates. Economic data showed consumers increased pessimism and manufacturing growth slowed beyond expectations in June, while the central bank's survey estimates that the reduced filing of mortgages in the 3rd quarter.

"Investors are completely ignores the middle of Sterling over the worsening outlook for economic growth in the UK," said Peter Rosenstreich, chief forex analyst at Swissquote Bank SA in Geneva. "If growth continues to erode propek then it is likely a rate hike will further away." Deutsche Bank AG has turned back the projected rise in interest rates the Bank of England to be at least in February next year, from earlier in November.

Gold Trade Declines

Friday, July 1, 2011

Gold traded lower in the yellow metal as a vibrant business seeking the support of the decisive step in USD or from a new piece of bearish economic news. Spot gold fell 20 cents at $ 1,500.10 per troy ounce, and traders do not expect the market to make a sharp move higher or lower on Friday. Gold was under early pressure from the dollar a little stronger and has traded in a narrow range between $ 1,502.64 / oz and $ 1,497.20 / oz.

EUR / USD at 1.4489 from 1.4502 late Thursday. Gold has performed poorly in the past two days amid a new appetite for risk after the Greek government passed two votes on the new austerity measures. Buyers have to sell safe-haven assets support more risky commodities including base metals due to improved sentiment in the eurozone.

News and Review Economic Zone Asia (Japan)

Japan's Domestic Auto Sales Fall 23.3% In June this year

Friday, July 1, 2011

Japan's domestic sales of new cars, trucks and buses fell 23.3% from a year earlier in June, fell for 10 consecutive months, as production constraints due to shortage of spare parts after the earthquake March 11 limped smooth supply of vehicles to dealers, dealers Japanese car Association said Friday

Sales reached 225,024 vehicles in June, the association said.

Sales of Toyota Motor Corp. (7203.TO) of vehicles sank 37.5% to 87,671 in June, but people from the luxury Lexus brand rose 76.3% to 3792.

Nissan Motor Co. 's (7201.TO) sales rose 4.2% to 45,113, while Honda Motor Co.' s (7267.TO) sales dropped 32.3% to 30,040.

Sales of cars, as measured by vehicle registration with the government, which is monitored by economists because they are the first consumer spending numbers released each month.

The figures do not include sales of mini cars and mini trucks

News and Overview of the European Economic Zone

Euro-Zone Unemployment May Not Changed In 9.9%

Friday, July 1, 2011

The unemployment rate in 17-euro zone countries hold at 9.9% in May, unchanged from April, the EU agency Eurostat reported Staistik, Friday (1 / 7).

This figure is in accordance with forecasts. The number of unemployed in the euro-zone rose by 16.000 between April and May to 15:51 million, Eurostat estimate.

Among the individual member states, the lowest unemployment rate in the Netherlands looked at 4.2%, while in Spain the highest at 20.9%.

News and Overview of the European Economic Zone

Euro zone manufacturing PMI fell to 52.0 in June

Friday, July 1, 2011

Manufacturing activity throughout the 17-nation euro zone grew at the slowest speed in the 18 months in June, the Markit purchasing managers index for the sector show on Friday (1 / 7).

Manufacturing PMI fell to 52.0 from 54.6 in May, confirming previous estimates. Records of more than 50 signifies growth in activity.

"Over the last two months, output growth weakened to the widest since 2008," said Chris Williamson, chief economist at Markit.

"This reflects a combination of sluggish domestic demand in many countries, particularly surrounding the untouchable savings also stagnation of export sales in the near future."

News and Overview of the European Economic Zone (Italy)

S & P: Italy Still At Risk downgrade

Friday, July 1, 2011

Rating agency Standard & Poor's on Friday said it still sees 1 to 3 chances to cut Italy's credit rating in the next 24 months, although the authorities there on the day Kmais ago has launched an additional austerity measures.

S & P rate if several steps, including trimming more on public sector wages and improvement of tax cuts are complex, will indirectly improve competitiveness, so that the necessary steps further to increase private sector investment and encourage the level of wages in accordance with productivity.

"Without such measures, we believe the target of the Italian economy will not materialize. And the ratio of debt reached 119% of GDP in 2010 will be difficult

Maintain Position Gold Near $ 1.511

Thursday, June 30, 2011

Gold held steady on Thursday after the Greek parliament voted in favor of austerity measures, while investors awaited a decisive voice in the future at the end of the bill savings.

Spot gold fell slightly to $ 1,510.45 an ounce. U.S. Gold barely moved at $ 1,511.20.

Spot gold towards the second monthly decline, in line with the decline more than 1 percent. But according to a quarterly rise of 5.6 percent, strengthening past 11 quarters.

Greece approved the first step of the two saving measures on Wednesday, increasing the risk of interest in the global market, which supports commodities including gold.

Underlying market sentiment, President Barack Obama called for a new stimulus, which may complicate the deficit-reduction negotiations with the Republican party.

News and Economic Review Asia (Japan)

Nikkei Need a New Stimulant

Thursday, June 30, 2011

The Nikkei rose 0.3% to 9825 related to the strengthening of the euro lifted exporters such as Sony and Ricoh., But the overall gain seems limited because the index has risen the past two days due to expectations of the Greek debt resolution, said Hideyuki Ishiguro, Okasan Securities analyst.

"The momentum of rise in the overall market requires a new stimulant of data including the number of unemployed U.S. ISM data tonight and tomorrow," he said. Sony jumped 1.7% to Y2, 089 and Ricoh rose 1.4% to Y886. Subindeks Topix rose 25/33, to Kyushu Electric soared 4.0% to Y1, 445, and Kansai Electric Power jumped 3.5% to Y1, 582.

News and Overview of the European Economic Zone (Germany)

Stable German June unemployment rate of 7%

Thursday, June 30, 2011

German adjusted unemployment rate fell further below the 3 million in June, offering more evidence that strong economic growth the country is being equipped with job creation, data from the Federal Labor Office showed on Thursday

Adjusted unemployment rate held steady at 7% in June from May, maintaining the lowest level since records began in 1999.

In adjusted terms, unemployment in June fell to 2.893 million from 2.960 million in May. The number of unemployed fell a seasonally adjusted 8000 for a month, as happened in May.

Economists in a Dow Jones Newswires poll had forecast adjusted unemployment rate to hold steady at 7%, but the estimated slope of 15,000 in unemployment.

News and Overview of the European Economic Zone

Euro Gains After Voting Greece

Thursday, June 30, 2011

Investors are still buying euros after the Greek policy makers still approve the bill despite fiscal austerity hit rallies and still provide opportunities both aid package from the European authorities.

The euro traded near its highest level above the 1:44 2-week vs. the dollar, after the vote is to reduce the chances of Greece's debt default in the short term.

The focus now turning on the vote Thursday, and the meeting of European finance ministers on Sunday over plans a second aid package for Greece. Yet market participants have to discount the positive results of post-meeting approval of the new fiscal austerity measures in the Greek parliament.

The rally may continue, ahead of the Independence Day holiday in the U.S. as well as closing the book end of the month. Key technical level of the target this week is still located in the area of ​​1:45 and 1.4550.

Another factor that strengthens the Euro is a comment ECB President Jean-Claude Trichet previously that the central bank has been prioritizing inflation in the euro zone, which indicates the increase in policy interest rates can still run despite the debt crisis.

News and European Economic Review (UK)

England Action Demo Paint, Worrying Economic Data

Thursday, June 30, 2011

In addition to in Greece, the issue of pruning also move the masses in other European continental countries. Today, the workers staged a demonstration of various sectors in the UK for 24 hours against budget cuts by the government. Action like this is the first time in a dozen years. Unions take the fight against unpopular policies taken by the Liberal-Conservative coalition that took power in May 2010.

Three teachers union and a public service organizations mobilize all members to take to the streets. One of the rejected plan is the addition of worker pension limit to 66 years. The government assumes that the move was fair enough, refers to the age demographic projections longer citizens. A total of 750 union members expected to take part so that the various sectors will be disrupted. School holidays, flight schedule delays, termination of water management and closure of the court are the consequences that must dutanggung countries due to the demonstration.

Worrisome economic data from the Current State of English is a UK current account recorded a deficit of? -9.354 Billion in the first quarter of 2011, compared with? -12.956 Billion in the previous quarter, according to data published by the Central Board of National Statistics. Analysts expect the deficit to narrow to -4.700? billion. The balance of the first quarter was equivalent to -2.5% of GDP, compared with -3.5% in the previous quarter.

Other data reported to the Bureau of Statistics England declared trade declined in April triggered a decline in demand from consumer countries. As a result, in April, a decline of trade value to 7.38 billion pounds compared with 7.70 billion pounds the previous month. However, the decrease was lower than analyst forecasts which predict 7.55 billion pounds.

Economists said that while angkaangka shows that exports will contribute positively to overall economic growth in the second quarter despite disappointing export levels of stability. Investec economist Philip Shaw said the latest data in the field of trade do not give confirmation to the business that exports contribute to more meaningful economic recovery in the UK. UK Statistics Center estimates, exports will rise this month, only 0.1% and imports fell 0.9%.

Pound weaker as signaled by the presence of less favorable to the British economy, where it is shown by the reduced performance of the housing sector in the country.

Oil Up Sharply On Optimism Greece, Weak Dollar

Wednesday, June 29, 2011

Oil prices rose more than 2% on Tuesday amid optimism that Greece can pass the savings program that is not very popular as a European solution to the debt of Athens and also encouraged a weak dollar.

A weak dollar pushed oil and other dollar-denominated commodities as the euro rallied on optimism about the ability of Greece to avoid default.

19-commodity index Reuters-Jefferies CRB rose 1.7%, biggest gain in six weeks.

ICE Brent crude oil for August rose $ 2.79 to $ 108.78 a barrel, after briefly trading as high as $ 109.05.

U.S. crude rose $ 2.28 in August, or 2.5%, to settle at $ 92.89 a barrel, the biggest one-day percentage rise since May 18.

U.S. crude oil inventories fell 2.7 million barrels last week, more than forecast, the industry group American Petroleum Institute said in a report released Tuesday night.

The hope is that crude stocks fell 1.4 million barrels last week, according to the survey of analysts by Reuters ahead of the API report.

News and Review Economic Zone Asia (China)

China Participates Mute debt crisis of the European Union

Wednesday, June 29, 2011

Premier Wen Jiabao and Angela Merkel are committed to helping European debt settlement. Determination was declared after permuan both in Berlin on Tuesday. Merkel and Jiabao agreed to intensify political and economic cooperation between the two countries. In the next five years, the transaction volume of China-Germany expected to be doubled. Last year, the total value of trade between the two countries stood at $ 186.6 billion or grew by 38.5% compared with the value in 2009.

China will also sustain growth in the European Union because the country holds the single-currency denominated bonds in large quantities. China will not hesitate to continue to collect a debt of Germany and Greece. However, the purchase must be adapted to the economic situation of the region. China is the seventh-largest consumer of German products, with transaction value of $ 76.9 billion. While Germany itself is the world's largest purchaser of goods and services to China with a total value of $ 109.8 billion.

From within China itself reported, the Chinese banks urged to raise interest rates again in order to curb inflation and accelerate economic restrukturiasi, although it could inhibit the growth, said China Securities Journal newspaper in an editorial on the day before

According to the newspaper, the Central Bank of China (PBOC) has been relying too much on Statutory Reserves (GWM) of the interest rates to dampen inflation. Though real interest rates had long been negative, triggering the flow of funds out of the banking system, weakening the effectiveness of the increase in reserve requirement or other tightening.