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Moody's Crop Ireland 2 Rating Level

Friday, April 15, 2011

Moody's Investors Service today announced the cuts credit rating of the Irish state. Thus, Ireland is now ranked second cut notch from Baa1 to Baa3.

Based on the official release, the basis of the decision of Moody's covers 2 things, namely:

1. Expected reduction in the Irish government's financial management and the prospect of weaker economic growth in those countries.

2. European Test Results Stabilization Mechanism (ESM) shows that the Irish have not shown the ability to repay the debt burden.

This world renowned financial institutions was the last time the Irish ratings downgrade on December 17, 2010. At that time, Moody's cutting up to 5 notch, from AA2 to Baa1.

News and Reviews Economic Zone of Asia (Japan)

Yen amid risk aversion Moving

Thursday, 15 April 2011

Trading in currency markets is rapid and brief today (04/15). Action widespread risk aversion after the Chinese data indicate that inflationary pressures begin to grow. This sparked fears of a new monetary tightening in China.

Yen has dropped nearly 50 points in the last few hours, wipe the increase previously achieved to reach the peak level at 83.77. Though Japan's finance minister, Yoshihiko Noda, expressed readiness to act if the yen bounce back. Currently, the JPY was trading at 83.30 area, 0.22% below the opening price.

EUR / JPY has fallen as much as 100 pips from its highest level between sessions because it failed to exceed 121.50. EUR / JPY is currently trading at 120.60 area, recorded a fall of 0:29% today. The euro moved down to 1.4465 area, after New York closing level in the range of 1.4485.

Korean Economy News and Reviews

Kospi Print Records New High

Thursday, April 14, 2011

Seoul shares posted a new closing high levels on Thursday amid a volatile trading. KOSPI closed up 0.9% at 282.65.

KOSPI also reverses the previous slowdown driven by auto stocks. "Stocks advanced for the second session, signaling the strong market," according to OhHyun-seok, an analyst at Samsung Securities. Individual investors to buy shares worth 126.5 billion won ($ 116.4juta) shares, offsetting sales made by foreign investors and institutions. Auto producers rose for the second session because of the hope they will get a gain from the cessation of production from their competitors in Japan's post-natural disaster March 11. Ahn Sang-jun, an analyst at Tong Yang Securities, predicts the South Korean car manufacturer will have a high profit for the period April to June due to disruption of produski in Japan.

Hyundai Motor shares rose 4:47%, while Kia Motors gains 2:45%. Manufacturers tires continue to soar due to expectations of rising prices and low cost of rubber products. Hankook Tire soared 5.83%, while Nexen Tire surged 4:09%.

Post-Euro greenback eroded Obama's Speech

Thursday, April 14, 2011

The euro continued to come under pressure from the strengthening U.S. dollar as investors received positive feedback from the speech of President Obama's plans to cut its budget deficit to $ 4 trillion within 12 years.

The European single currency is increasingly difficult to move from its negative region after economic data Eurozone Industrial Production appears below market expectations.

Technically EUR in bearish for the intraday trend with lower resistance at the level of support is $ 1.44. Rupture of this level will trigger a bearish continuation to support $ 1.4350 to $ 1.4300. While the nearest resistance is at $ 1.4460, above this level through the EUR will continue to the high range session yesterday $ 1.45.

But on the other hand, with ever increasing expectations of ECB rate hike in August, this will limit the further weakening of the EUR

Gold Preserve Strengthening The weakening U.S. dollar

Thursday, April 14, 2011

Gold rose for a second day on Thursday as the dollar stay near 16-month low against a basket of currencies.

Precious metals rose nearly $ 20 from record highs of $ 1,476.21 per ounce that struck earlier this week, with a decline in ownership of exchange traded funds suggests investors are interested to make a profit.

While the highest decrease over time will encourage the purchase of jewelry stores in Asia. Concerns about inflation demand from China remains assured, which will release inflation data on Friday that Beijing

will offer the following policy guidelines.

Spot gold rose $ 3.74 to $ 1,458.35 per ounce by 0317 GMT. U.S. gold futures for June rose $ 4.1 an ounce to $ 1,459.7 an ounce.

"Gold can be supported by a weak dollar and a loose monetary policy from the Federal Reserve," said Ong Yi Ling, investment analyst at Phillip Futures in Singapore.

"To purchase in Asia, may appear again at lower prices Chinese demand for gold is expected to remain strong. In the midst of rising inflation and lack of alternative investments, gold sought as a store of value."

Recent Reuters poll showed China's consumer inflation may accelerate to 32-month-high of 5.2 percent in March, higher than the government's inflation target of 4 percent for 2011.

China Q1 GDP and March economic indicators due on 0200 GMT on Friday. China is the second largest gold consumer in the world after India

Dollar survive near 16-month low the previous day against a basket of currencies dipicui mixnya U.S. data and there is no change in the view that the Fed will continue to run the super-loose monetary policy.

Oil rises as U.S. gasoline stocks fall

Thursday, April 14, 2011

U.S. crude oil futures ended higher on Wednesday after diving nearly 6 percent in two days, led by gains gasoline fueled by government inventory data showed the biggest drop in inventories since 1998.

U.S. gasoline stocks down 7 million barrels last week due to lower capacity utilization distiller 3 percentage points and clear the winter fuel supplies to make room for summer blends, the data from the U.S. Energy Information Administration showed.

EIA said crude stockpiles rose 1.6 million barrels, more than the increase expected 1.0 million barrels, while distillate inventories fell 1.7 million barrels, against expectations supplies will be slightly higher.

Traders and analysts said oil is under pressure when the dollar index soared on expectations deficit cut proposals of President Barack Obama will support the greenback, but eventually ended up near the top today.

Crude futures found support in the area near the intraday low $ 105.31 Wednesday, near the area around the resistance level of $ 106 at a recent rally in crude oil above $ 113 per barrel and an intraday low of $ 105.47 Tuesday.

On the New York Mercantile Exchange, crude <CLK1> May rose 86 cents, or 0.81 percent, to settle at $ 107.11, trading from $ 105.31 to $ 107.43.

News and Reviews Economic Zone of Asia (China)

China Stock Market Up 0.1%; Be careful ahead of Data

Thursday, April 14, 2011

China stock market has increased the first session with banking stocks and steel producers led the increase, analysts said. The Shanghai Composite rose by 0.1% at 3053.29, and analysts estimate the level of resistance index will be at 3100 levels.

"Investors were cautious ahead of tomorrow's economic data releases, " said Zhou Lin, an analyst at Huatai Securities. He added that if the index is able pass through resistance at the level of 3100, then we will see further increases.

Banking stocks rose amid hopes of strong first-quarter earnings results reported by Agricultural Bank of China rose by 2.1% at the level of CNY2.96, while Shanghai Pudong Development Bank rose by 0.7% at the level of CNY15.09.

Manufacturer of steel has increased expectations that strong demand growth with the commencement of other construction projects; Inner Mongolia Baotou Steel Union rose by 2.9% at the level of CNY9.35 and Xinjiang Baby Iron & Steel rose by 1.8% at the level of CNY15.50.

Shenzhen Composite rose by 0.1% at 1287.54 level.

Japan Stock weakened; Landing Wall Street Minim

Thursday, April 14, 2011

In trading on the Japanese bourse this morning seemed a decline, although not too large (4.14). Japan Stock weakened although Wall Street managed to rebound after a weak thin four days in a row. Asian stocks trading in motion tends to be still sluggish today because of the lack of improvement is happening on Wall Street.

Nikkei 225 Index futures contracts in June looks to increase slightly by 25 points. Index futures position is opened at 9590 points. Nikkei index futures rose and looked likely to have experienced movement in the range 9555 - 9630 points. Nikkei spot index declined by 29.01 points (0.3%) in the position of 9612.17 points. The broader Topix index declined by 1.63 points (0.19%) in the position of 842.96 points.

Shares in Japan's stock seems to experience the movement which tends to weaken. Mitsui fell 17 yen to 1484 yen positions. Toshiba fell 5 yen to 391 yen positions. Honda rose 6 yen to 2963 yen positions. Toyota posted a weaker by 5 yen to 3285 yen positions.

Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the index futures at today's trading will tend to increase despite limited. Index futures has the potential to experience movement in the range 9500 - 9650 points.

UK Economy News

UK Unemployment Benefit Claims Rise 0.7 Vs -10.2 K

13 April 2011

Data released by Office for National Statistics show the number of UK residents who filed claims for unemployment benefits rose by 0.7 C in March to 1.45 million people. This increase beyond the previous estimate of economists who actually anticipating a decline of about 3.6 K. Claimant Count Change data was previously recorded show a decline of about 10.2 C in February.

Other data showed the unemployment rate fell to 7.8 percent in the three months to February from 8.0 percent in the previous month. The number of unemployed fell by 17,000 during quarter reached 2.48 million inhabitants.

Meanwhile, the annual wage growth rate including bonuses was reported at 2.0 percent for the three months to February, down from 2.3 percent in the three months to January previous. Whereas if you do not take into account bonuses, annual wage growth rate fell to 2.2 percent from 2.3 percent previously.

Dollar Up Vs Yen As Japan Fund, Purchase By Importer

Published on 13 April 2011

Dollar rises against yen in Asian session Wednesday as Japanese pension funds and importers bought the U.S. unit amid lull in the flow of negative news about Japan's nuclear power plants.

Japanese investors snapped up by the U.S. currency after falling in the morning session up to Y83, said Tomohira Nishida, a senior dealer at Chuo Mitsui Trust and Banking

News and Reviews European Economic Zone

Two Fundamental prop Euro Sentiment

Wednesday, April 13, 2011

Although the thin was corrected from 15-month highest level against the USD, the Euro is still fairly strong by moving in the range of $ 1.4470 in late morning Wednesday after rising yesterday to $ 1.4520 range.

Strengthening of the single currency was mainly triggered by news of China's state bond purchases and the country's willingness to buy more of the Spanish government bonds.

According to Camilla Sutton, chief currency analyst at Scotia Capital Markets in Toronto, expectations of higher interest rates and the Chinese government's commitment to continue to buy European bonds, has provided support for the Euro. And the news from China also has encouraged the Spanish government bond yield to be lower, but it is positive for the Euro.

With the movement which is currently flat, the euro still has the potential to rebound with the past several detainees including first resistance at 1.4490 and then 1.4520.

News and Reviews European Economic Zone (Germany)

ZEW Economic Sentiment Down Further

Tuesday, April 12, 2011

German economic sentiment declined again in April in light of rising commodity prices and political and social tensions in the Middle East.

The ZEW said on Tuesday (12 / 4) observe closely the economic expectations index declined for the second month to 6.7 took place in April from 14.1 points in March.

The result is below the estimate of economists at 10.0 points and below the historical average of 26.6 points indicator.

"Despite the positive economic developments, significant risk may be a result of rising commodity prices," said ZEW President Wolfgang Franz.

"This price increase can go to second round effects which could then force the European Central Bank (ECB) to implement monetary policy more stringent."

Corrected, NYMEX Oil At $ 106/barel

Wednesday, April 13, 2011

U.S. crude oil futures traded on the New York Mercantile Exchange re-adding the decline in day-to-3 on Wednesday.

NYMEX crude oil fell to as low as $ 106 per barrel and have dropped more than 6% from the peak point in the last 32-months in this week mainly due to concerns that price hikes have gone too far and could erode demand.

U.S. crude has slumped by 5.8% over the last two sessions and is a two-day percentage biggest decline since May 2010, when the Greek state debt crisis and the sharp decline in commodities in euro zone

Japan Economy News and Reviews

Japan Radiation Level Potentially Lemahkan Wall Street

Tuesday, April 12, 2011

U.S. stock futures plunged again depressed by disappointing quarterly sales report from the giant aluminum company Alcoa Inc.. and Japan's decision to raise the level of the nuclear crisis to a level similar to the Chernobyl Nuclear leakage ago.

Observed DJIA stock index futures traded down -0.45% to a level of 12.263, while the S & P 500 futures fell -0.55% in the level of 1,312.25 and the NASDAQ futures fell -0.49% at 2,296.50 level.

Japanese regulators to raise the level of crisis, the country's nuclear facilities to a level 7, the highest scale of international standards but also mentioned the amount of radiation is only 10% compared to the radiation situation in the Soviet past.

Following the weakening of Asian stocks, where the Nikkei index tumbled 1.7%, European markets also fell around 1:11%. Nuclear Concerns have been dragged by worries of global stocks of nuclear crisis could spread and cause problems in the area of ​​Tokyo.

At the same time Alcoa bad earnings report yesterday, adding to negative sentiment of market participants.

Gold Recovers Over $ 1460

Tuesday, April 12, 2011

Gold continues pressured by profit taking during the previous session to reach the low $ 1453.65/ons level, which seems to provide a boost for Gold to move up and back into the area above the $ 1,460 in mid European session today.

Weak risk appetite this week as renewed concerns over the emergence of Japan's nuclear crisis further aggravated the already fragile market sentiment. These conditions have pushed demand for safe-haven assets more powerful. Gold bullion that backed last week's near the highest fresh all-time at a slightly higher aversion to risk that carries with stronger safe-haven demand. What's more, the relatively weaker dollar against European currencies made ​​the greenback-denominated commodities more attractive in international markets.

Because of the IMF, oil tumbles

Tuesday, April 12, 2011

World oil prices dropped significantly from a high level in 30 months on Tuesday, and continued to roost in the depressed price of 108.40 dollars per barrel.

Drop in oil prices is particularly after the IMF statement on Monday that it lowered the growth forecast American countries and Japan, and this indicates a result of high oil prices cause the threat risk to global economic growth.

Oil prices fell most sharply torn almost in 4 weeks after the IMF's World Economic Outlook said the U.S. economy will slow from 2010 amid the unemployment rate is above 8% and a slump in consumer confidence.

It is deepening decline in oil as investors followed the recommendation from Goldman Sachs to take action profit-taking after a rally up to the high level of 30 months.

The perpetrators of the recent market has been worried about higher oil prices high enough to hamper economic recovery and reduce demand for oil products like gasoline.

News and Reviews European Economic Zone

Euro Action eroded Investors Profit-taking

Tuesday, April 12, 2011

The euro fell sharply, especially against the yen on Tuesday, fell to below the 121 yen level due to the majority of investors booked profits after the single currency is experiencing a rebound.

EUR fell more than 1 percent to as low as 120.15 yen after rising on Monday to above 123.30 resistance (high range in 11 months). The condition of these high prices have finally triggered traders to take profits.

But the euro itself still gained more than 11% since January. Against the USD, this single currency had eroded to below the level of $ 1.44, down as much as 0.2 percent.

Until last weekend, the Euro has rebounded against the yen and USD length primarily related increase in expectations that the European Central Bank (ECB) will continue to raise interest rates further after last week raised the base 25 points to 1.25%.

German Economy News and Reviews

Inflation Grogoti German Economic Sentiment

Tuesday, April 12, 2011

German economic sentiment deteriorated as higher commodity prices and political tensions in the Middle East. The index of economic sentiment, which published a think-tank ZEW institute, declined to 6.7 for April, lower than forecast 7.11 and earlier publications. However, the tough German economy amid global uncertainty index managed to jack economic conditions to be 87.1, the highest level since July 2007.

"Despite the positive economic developments, there is risk arising from commodity price hikes," said ZEW president Wolfgang Franz. "The price increase may incur second-round effects that could force the European Central Bank to implement monetary policy more stringent." Last week, the ECB has been raising its benchmark interest rate to 1.25% from 1%, the first increase since July 2008. Financial markets now ekspektasikan ECB rate hike to 1.75% for the year 2011.

Although, the German economic sentiment deteriorated, investors seem to still believe in a strong German economic performance. The euro rose even after the ZEW data emphasize the threat of inflation that could force the ECB to raise interest rates again at its next meeting.

Asia Oil Price Down So U.S. $ 112.73

Monday, April 11, 2011

Oil prices on trading Monday (11 / 4) dropped after the African Union states Gaddafi accept peace proposals.

South African President Jacob Zuma who mempin African delegation in talks in Tripoli to meet Libyan President Muammar Gaddafi a few hours. The meeting was to discuss the possibility of Gaddafi back.

Crude for May delivery light crude fell 6 cents to U.S. $ 112.73 per barrel on the New York Mercantile Exchange. Meanwhile, Brent crude fell 92 cents to 125, 73 per barrel in London, quoted from finance.yahoo.com.

On Friday oil prices had touched the level of U.S. $ 126 per barrel for Brent as the highest level since the last 32 months.

Peace talks in Libya has lowered the price of oil has been weighing on the market. For the world's largest oil exporter, Saudi Arabia confirms production capacity is still large oil reserves making it possible to memenuhni demand and increase supply. Saudi Arabia's production reached 12.5 million barrels per day.

News and Reviews European Economic Zone (France)

French Industrial Production +0.4% in February this Month

Monday, April 11 2011

French industrial production rose 0.4% in February, driven by the refinery business and the transportation sector, data showed Monday.

January data of industrial production was revised to show 0.7% increase from the initial estimate rose 1.0% in the month, the French national statistics office Insee said.

Output in manufacturing rose 0.7% in February from the previous month, Insee said, because the revised data of January showed an increase of 1.5% in the month, from 1.8% initially estimated.

In February, the output from refineries and cokeries France rose 3.3%, while the transport sector showed an increase of 2.3%, Insee said.

Gold hits record, Silver Reaches 31 Year High

Monday, April 11, 2011

Gold continued strengthening Monday and soared to a record high above $ 1.476 per ounce as the euro climbed to a 15-month high against the U.S. dollar, while stabilizing oil prices helped silver reaches 31-year high above $ 41 per ounce.

Survive weak yen in early Asian trading on Monday, while U.S. dollars are trying to survive against a set of other major currencies as investors continued to carry trade to the assets had a high yield.

Japan Machinery Orders Down 2.3%

Monday, April 11, 2011

Monexnews - Japan's core machinery orders in March fell 2.3% from February before the earthquake and tsunami hit Japan on March 11, according to Cabinet Office on Monday.

Decline of the early indicator of corporate capital investment even though Japan has not been affected by natural disasters is a negative signal for the Japanese economy. Companies should re-establish the affected facilities, but the decline in consumer confidence, the power-down and worries about the nuclear crisis in Fukushima Daiichi nuclear power plant could drag on capital expenditures, approximately 15% of the economy.

Economists surveyed by Dow Jones Newswires and Nikkei predicted a decrease of 1.1%. Orders rose 4.2% from the previous month and 1.7% in December. The data reflect the economic sentiment before the disaster. On Friday, economic observers of the government said domestic economic conditions, especially the service sector dropped to a low level of two years in March. The main index fell to 27.7 in March, its lowest level since February 2009 from 48.4 in February.

The industrial sector decreased due to power outages due to lack of electricity supply after the disaster and the nuclear crisis that hit the Fukushima Daiichi Nuclear Power Plant. The government decided to ask for large industrial electricity consumption in order to avoid limiting the lack of electricity. This leads to lack of production.

Bank of Japan governor, Masaaki Shirakawa said Monday the economy may soon recover, the supply chain will come back better. But small companies likely to be still facing some problems.

Euro consolidate At its Annual Appeal

Monday, April 11, 2011

Euro reaches new high at 1.4482 level early Asian trading session related to selling pressure carried by profit-taking brought down about 40 pips Euro, return to session low at 1.4440. Euro now raised again in order to survive his fall in the level of 1.4455, is visually almost unchanged today.

"Daily Movements of 1.4485 euro fell briefly below shows the high monthly trade on Friday at 1.4489 level (New York) who will continue in the Asian session and short-term weakening bias still survive in small retracement in the 1.4417/20 level, " quoted from AceTrader Team .

However, an analyst from AceTrader recommends that the 1.4400 level will survive and will bring recovery. For the near future, returning to a normal and just above the 1.4489 level will continue strengthening Euro to 1.4500/10.

News and Reviews Economic Zone of Asia (Japan)

Friday, April 8, 2011 11:53

Positive Asian Stock Markets, Japan Earthquake No Negative Impact

Stock exchanges in Asia move higher at mid-session after trading opened early in the 7.4 magnitude quake-related negative in Japan overnight. Reported no significant damage due to earthquake.

Concerns related to the blackout of summer, the Tokyo Stock Exchange said it will postpone plans to extend trading hours for the purpose of reducing electric power consumption in Tokyo and prefectures north in anticipation of peak summer demand.

The Nikkei index today rose 1.57 percent to 9741.33. Topix rose 0.7 percent to 846.59.

Seoul stock market edged up lifted by rising sahampembuat Daewoo Shipbuilding & Marine vessel engineering, but rises limited to the related existence of aftershocks in Japan and the electricity crisis.

Korea Composite Stock Price Index (KOSPI) rose 0.52 percent to 2133.25. Foreign investors were buyers from ₩ 14.3 billion ($ 13.2 million) worth of stock, and ready to take the stock to go up consecutive sessions of the 18th, which will become the longest rise since October 2010.

Stock markets in the plains of China like Hong Kong and Shanghai after a positive move by the PBOC rate hike two days ago. The Hang Seng index rose 0.57 percent to 24.419. While the Shanghai Composite Index rose 0.31 percent to 3017.29. (PBUH).

Penetrating Oil $ 110 Per Barrel On Middle East Tensions

Friday, April 8, 2011

Oil prices end at 2-1/2 year high on Thursday as fears of supply problems associated with the fighting in Libya and the Middle East turmoil fears overshadow demand driven by an increase in eurozone interest rates and big aftershocks hit Japan.

Brent crude oil for May delivery rose for the sixth day, closed 37 cents higher at $ 122.67 per barrel, the highest since August 4, 2008.

U.S. May crude oil futures closed up $ 1.47 at $ 110.30 per barrel, the best since September 22, 2008, rose for a fifth day in six sessions.

U.S. crude oil climbed after U.S. data showed claims for unemployment benefits fell, adding to signs of strengthening labor market.

A major aftershock struck northeastern Japan on Thursday night. The latest quake manambah worries that oil demand will go down in Japan, the third largest economy in the world who are trying to recover from the devastation caused by earthquake and tsunami last month.