News and Reviews European Economic Zone

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News and Review of European Economic Zone (UK)

 

The risk of overload Sterling European Politics

Monday, April 23, 2012

 

Sterling weakened in the London session, follow the fall of the euro against the dollar, as the outbreak of political risk in Europe. Anxiously anticipating market changes in political leadership after Sarkozy only occupied the second rank in the first issue of the presidential election. Because no candidate got votes above 50% then France will re-do the election on May 6 and where Sarkozy should strive against Francois Hollande is favored to win the election.

[mynameisandhy]

News and Review of European Economic Zone

 

Fragile! Although Rally, Dollar Vulnerable corrected

Tuesday, April 24, 2012

 

Until the afternoon session on Tuesday (24/4) Euro single currency rose monitored recovered after it was blown from the highest point in 2-weeks against the dollar.

 

However, the strengthening of EUR is still fragile and vulnerable to correction because the market in hostage by a factor of more widespread pessimism due to fears of eurozone debt crisis after another emerge, especially the political uncertainty prevailing in the Netherlands and France. And rally EUR appears to be limited as investor sentiment remained negative after news emerged Dutch government failed to agree on budget cuts, fueling anxiety that the windmill is now also on the brink of recession.

 

While panic has also hit the country after the French Socialist Party Francois Hollande candidate, who has promised to renegotiate the deal the European budget, won the first round of French presidential election, defeating Sarkozy who is currently in power.

 

Technically two indicators such as Moving Average EUR and daily MACD shows a trend that tends berarish konsolodasi, thus making labor conditions remained weak USD to rally even chance corrected. And in case of correction, prison support at the level of $ 1.3140 to $ 1.3100 in order to proceed to its lowest level in the detention area $ 1.3070. While a limited reinforcement will bring the U.S. are resistant to at least $ 1.3200 and $ 1.3240. The area is sometimes used by investors as an area to take a short position in a deal with profit-taking.

[mynameisandhy]

News and Review of European Economic Zone

 

European markets rose yesterday from a decrease

Tuesday, April 24, 2012

 

European stock markets rose on Tuesday session, led by the banking sector yabng sharp decline in the previous session due to political concerns in the European region.

 

Europe Stoxx 600 Index rose 0.4 percent to a level of 252.72, with shares of Banco Santander SA rose 1 percent and Deutsche Bank AG rose 1.2 percent.

 

Michelin SA shares jumped nearly 6 percent after the tire manufacturer released the results of the session yesterday. KBC Group NV rose 4 percent, Acciona SA rose 3 percent and Stagecoach Group PLC rose 3 percent.

 

German DAX 30 index rose 0.4 percent to a level of 6552.76, the French CAC 40 index rose 0.3 percent to a level of 3107.64 and the FTSE 100 index was flat at 5,670.81 level.

[mynameisandhy]

News and Review of European Economic Zone (France)

 

Steep road towards Sarkozy France 1

Tuesday, April 24, 2012

 

Two French presidential candidates are in the fast track to win the highest seat of government. But what is really expected by business and finance from the figure of the new leader?

 

Factors are behind the social welfare of citizens of France consideration before selecting the best representative. Figure who is able to offer a new formula of economic improvement is more chance of winning the votes of the medium. However, unlike the case with what is desired by the businesses. French entrepreneur requires the availability of structural reforms, particularly the cover repair business climate and labor regulations are more lax. With the largest unemployment rate in 12 years (10%), France really need a leader who is able to offer a new economic order. Moreover, the level of public spending is still too high in the middle of the economic growth of only 1.7%.

 

Different strata and groups of different socio-economic needs as well. It applies to the French voters who came from various backgrounds with different levels of social welfare. Of these kinds of voters, many hopes hung on the shoulders of the new leaders, ranging from the social security and health reforms to come out from the pressure of the recession, state budget cuts, tax hikes for the rich to the expansion of employment. All of these expectations would not be accommodated by the two strongest candidates, both Francois Hollande and Nicolas Sarkozy.

 

If Sarkozy wins the election, then externally European recovery program is still running on track. But in the country, economic growth and domestic employment will be so-so only. French economic growth report card under Sarkozy has become a rival campaign materials Socialist Party, Francois Hollande. The opposition accused the current president is responsible for what happened to the French economy.

 

Regardless of what has occurred, should be listened to who the candidates are more successful in attracting voters next May 6. So far there has been no notable program that could give the marketability of the campaign Francois Hollande. But residents of the economic downturn anxiety could be an advanced injection precious to him. On the other hand, Sarkozy promises must prepare a new, more real and make sense of the electorate than the boasted claim to be able to help other fellow EU members.

[mynameisandhy]

News and Review of European Economic Zone

 

European stocks jump with a bank in the lead

Wednesday, April 25, 2012

 

Most of the European stock markets continue to rise for a second day on the Wednesday session, the Spanish banking point rise after solid results BBVA SA, while strong earnings from Apple Inc pushing technology stocks.

 

Europe Stoxx 600 Index rose 0.5 percent to 255.69 level.

 

Banking became the prime mover for the positive mood in European markets. In Spain, BBVA shares rose 2.9 percent after the bank reported a slight decline in first-quarter profit, but still beat expectations. IBEX index traded up 1.6 per cent, at 7110.50.

 

French banks also recorded an increase, and helped lift the CAC 40 rose 0.4 percent to a level of 3182.78. Shares of Soci? T? G? N? Rale SA rose 2.8 percent, BNP Paribas SA rose 2 percent and Credit Agricole SA rose 1.8 percent.

 

Chip manufacturer ARM Holdings PLC also reap the success of Apple, up 2.9 percent in London. The FTSE 100 rose 0.3 per cent, at 5725.01. Banking sector, shares of Royal Bank of Scotland Group PLC rose 2.1 percent and Lloyds Banking Group PLC rose 1.8 percent.

 

In Germany, shares of Commerzbank AG rose 1.6 percent, and Deutsche Bank AG rose 1.7 percent, supporting the DAX 31 recorded an increase of 0.8 percent to a level of 6642.88.

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News and Review of European Economic Zone (UK)

 

Pound down from a 5-month high against dollar

Wednesday, April 25, 2012

 

Pound weakened against the dollar back in session Wednesday, down from its highest level in five months after official data showed that the UK economy has fallen back into a recession.

 

UK Office for National Statistics reported UK gross domestic product contracted by 0.2 percent in the three months to March after contracting by 0.3 percent in the fourth quarter of last year, undermining expectations for growth of 0.1 percent.

 

After the release of the data, the UK Chancellor George Osborne said the economic situation is very difficult, but warned that leaving the government's deficit reduction plan would make the situation worse.

 

Pound terpantrau touch the lowest level since early last week against the U.S. dollar at 1.6082 level during the European morning trading, which are then consolidated at the level of 1.6084, an increase of 0:38 per cent. The pound also fell against the euro and yen, down 0.45 percent against the euro to 0.8213 hit and fell to 0.48 percent against the yen hit 130.62.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Recession, Pressure Sterling Strengthens Against Sharp

Wednesday, April 25, 2012

 

After moving up in trading yesterday, the British Pound today (25/04, 09:37) turned lower against other major currencies. Opened at 1.6143 in early trading (00:00 GMT) has dropped about -45 pips or about - 0.28% and the scrolling seems to be in the range of 1.6098.

 

Negative sentiment against the British pound sterling currency look stronger, after the Office for National Statistics said that the development of the production value of all products and goods services on the UK economy, or Gross Domestic Product, shrinks.

 

The development is indicated by a rise in economic indicators Prelim GDP q / q is down -0.2% from -0.3% the previous period. A decrease indicates a worse performance than the estimated number of economists, which would be expected to grow 0.1%. British Pound exchange rate moves observed negative response to these developments.

[mynameisandhy]

News and Review of European Economic Zone

 

Declining confidence in the European Economic

Thursday, April 26, 2012

 

Gloomy outlook for economic growth has managed to undermine confidence in the European economy, according to a survey released by the European Commission. Index of economic sentiment in the 17 countries using the euro fell to 92.8 for the month of April, its lowest level in a year.

 

Decline in confidence in the economy show nearly the case in all sectors. Although Europe has agreed the next bailout for Greece, but Spain was facing fiscal problems continue to worsen. Other euro-zone members are also struggling against economic contraction and high unemployment. The many problems facing Europe simply undermine the trust and is certainly signaled Europe must fight harder to avoid the threat of economic recession was looming.

 

Meanwhile, the euro is still trying to keep the reinforcement in the London session. EUR / USD is now trading 1.3240, not far from the level 1.3262 daily high

[mynameisandhy]

News and Review of European Economic Zone

 

Consider Help For European Banking

Thursday, April 26, 2012

 

European Central Bank (ECB) and the euro-zone are putting together proposals that allow troubled banks to be able to access the European bailout fund, according to the Sueddeutsche Zeitung daily. "A group of euro-zone member states will meet to examine ways to help can be channeled to the banks that just having liquidity problems," wrote the newspaper without the express leading information resource.

 

"There is reason to take a new initiative by widespread concerns over the issue of Spain and the effects that will result," the leading newspaper in Germany. Under the agreement only states, not the banks, who can ask the financial aid from the ESM (European Stability Mechanism).

 

Meanwhile, the euro rose on the London session. EUR / USD is now trading 1.3246, not far from the level 1.3262 daily high

[mynameisandhy]

News and Review of European Economic Zone

 

European Review of Economic Growth Strategy

Thursday, April 26, 2012

 

Europe may add an attachment in the budget agreement that will govern how countries can promote economic growth, according to German officials who were interviewed by Bloomberg. Policies to improve competitiveness and structural reforms to create economic growth will be discussed and scheduled for completion before the G-20 meeting June 18-19 in Mexico.

 

Europe seems to be changing tactics of budget austerity policies to be pro-growth policies. President of the ECB, Mario Draghi, has called for the need for "growth pact" and is well received by German Chancellor Angela Merkel. Francois Hollande, the strongest French presidential candidate, also supports the proposal Draghi as evidence of the need for change into an agreement to promote economic growth.

 

Meanwhile, the euro rose on the London session. EUR / USD is now trading 1.3240, not far from the level 1.3262 daily high

[mynameisandhy]

News and Review of European Economic Zone

 

EUR / USD extends rally to 1.3270, the U.S. GDP

Friday, 27 April 2012

 

When the Americans opened the session and the U.S. GDP data released, the EUR / USD rallied further after consolidation at 1.3225/30.

 

Annual GDP in the first quarter of 2012 showed growth of 2.2%, below consensus of 2.5% and 3% from last year. The purchase price index also rose less than expected (1.5% vs 2.3%) in Q1. Quarterly change in real personal consumption expenditures in the U.S., an increase of 2.1% in Q1, as expected by analysts.

 

The most recent risk rally peaked at 1.3270, extending the 3-week highs, and is now quoting around 1.3255.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

GBP / USD advanced 0.41% related slowdown in U.S. GDP growth

Friday, 27 April 2012 20:20

 

Sterling rose 0.38% against the greenback due to slower GDP growth and the purchase price in the United States. (YoY) growth in GDP came far short of expectations by 2.2% (not 2.5%), while gross domestic purchases price index increased by 1.5% (forecast was 2.5%). Real personal consumption expenditures came in line with expectations, growing 2.1%. Later today's Reuters / Michigan consumer sentiment index is expected to announce the numbers, with estimates pointing to a decline 76.2 to 75.9.

 

In the UK, CBI Distributive Trades Survey performs worse than expected yesterday, down 6% (-4% vs. estimate) and the economy officially in recession.

 

This pair is currently trading at 1.6251, the time of writing.

[mynameisandhy]

News and Review of European Economic Zone

 

The Netherlands deal supports the Euro

Friday, April 27, 2012

 

The euro rose in London after a session in the Dutch political parties reached an agreement to reduce the budget deficit in 2013 to match the EU target of 3% of GDP. It certainly can reduce the risk of loss of AAA rating even though the Dutch still have to face the uncertainty ahead of elections in September. EUR / USD is now trading 1.3226, 1.3157 daily stay away from low level

 

Dutch previously had made ​​investors panic after parties supporting the coalition government had not reached an agreement to reduce the budget deficit. Prime Minister Rutte even have to ask, therefore forcing the resignation of Ratu Betrix announce early elections.

 

"Savings policy is certainly not pleasant but we have to do it for the Dutch and the future generation," said Christian Democrat party officials, Sybrand van Haersma Buma. The draft budget for the year 2013 has now received support from a majority of members of parliament after the opposition party would point out GreenLeft support the plan. The two major parties, the Christian Democrats and Liberals, supported the bill and so did the two smaller opposition parties.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Home prices soared, the pound strengthened

Monday, April 30, 2012

 

Pounds, the daily rise against the dollar Eleven. Pound that leads her oldest rise against the greenback since January 1971. A report shows an increase in house prices in the UK in April.

Sterling rose to its highest point during the last 22 months against the euro. Gold prices in Britain rose 0.1 percent from March. house prices in March anik 0.2 percent, according to Hometrack Ltd. observations.

Pounds, up 0.1 percent to 1.6285 per dollar range. Pound rose to 1.6297 per dollar range, the range of its highest since August 31 last. pound rose 0.2 percent to 81.35 pence per euro. Pound rose to around 81.30 pence, its highest range since June 30, 2010.

Last month, sterling rose 1.5 percent, the currency with the third best performance after the yen and Canadian dollar. While in the same period, the dollar fell 0.4 percent and 1.2 percent eurot con.

Bonds with a maturity of 10 years declined slightly to around 2.14 percent. while bonds with maturities in 2022 fell 0.125, or 1.25 pounds per 1,000 pounds to 116.465.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro-Zone Inflation Slows

Monday, April 30, 2012

 

Inflation in the euro zone slowed in April, but not as low as predicted, although the largest German inflation slowing please register. The consumer price index (CPI) increased 2.6%, higher than the predicted 2.5% but lower than 2.7% in March publications.

 

The slow decline in inflation reflected a diversity of conditions in the euro-zone. In Germany, the CPI rose 2.0%, lower than the 2.3% rise in March. Inflation in Belgium also eased, but only slightly. On the other hand, the Spanish inflation rose to 2.0%, higher than 1.8% in March publications.

 

Even so, inflation remained above the ECB target of 2%. Although slowing, inflation is still high and this will certainly undermine the purchasing power of consumers that can worsen the economic situation.

 

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3230, 1.3266 daily high level away from

[mynameisandhy]

News and Review of European Economic Zone

 

Euro-Zone Growth Slows Credit

Monday, April 30, 2012

 

The growth of bank credit to firms and households in the euro zone slowed in March. This would signal the ECB liquidity injections have not been channeled to the real economy. Credit growth reached only 0.6%, lower than the publication in February by 0.8%.

 

"Although the ECB's liquidity injections have increased the supply of credit, but credit growth rate also depends on demand," said President of the ECB, Mario Draghi, the EU parliament last week. "With the economic situation of recession overshadowed the credit growth will remain weak for a while before economic conditions improve. "

 

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3228, 1.3266 daily high level away from

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Traded Near 2-Week Low Versus Yen Before the Spanish Bond Sales

Tuesday, 01 May 2012

 

The euro was 0.3 percent of the two-week low against the yen before selling the Spanish record this week amid concerns over Europe's debt crisis is hurting economic growth.

 

Demand for 17-nation currency was limited after the Prime Minister of Luxembourg Jean-Claude Juncker said he resigned as head of the group of euro area finance ministers since the Franco-German problems in managing the fiscal woes of Europe. Australian dollar fell against most peers principal before the Reserve Bank to set interest rates at its policy meeting today. The dollar was below 80 yen for a second day.

 

"I would anticipate political instability, stepping around the fiscal austerity measures and weak economic figures all point to downside risks for the euro," said Greg Gibbs, currency strategist at Royal Bank of Scotland Group Plc in Sydney. "I would not be surprised if it did underperform."

 

The euro traded at 105.76? at 10:02 am in Tokyo from yesterday's closing York, New when it touched 105.47, the weakest since April 17. The common currency was little changed at $ 1.3239. The dollar was taken? 79.89 from 79.82 yesterday, when it slipped to 79.74 level, at least since February 22.

 

Aussie was at $ 1.0422, 0.1 percent lower than yesterday's close, when it fell 0.4 percent. Currency is taken? 83.22 from 83.25.

 

Spain will auction off three-and five-year notes on May 3. Yields on the 10-year bond rose above 6 percent last month, fueling speculation the fourth largest euro area economy will follow Greece, Ireland and Portugal in seeking a bailout. The Spanish economy entered recession since 2009, a government report showed yesterday.

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News and Review of European Economic Zone

 

Celebrating Labor Day, the European Bank Holidays; Euro Flat

Tuesday, May 1, 2012

 

On the movement of Asian forex session this morning (01/05, 03:21 GMT), Euro generally indicates a very strong movement of the tips of some of the other major currencies after opening at 103.26 in early trading (00:00 GMT), the currency has gained about + 2 pips or about 0.02% and at the rolling news was revealed to be monitored at 103.28.

 

Them off at the bank in Switzerland, France, Germany and Italy led to the financial system traffic Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) closed and strongly influence the market with lower trading volume.

 

Normal range of movement of the Euro on the day the index is expected to have a support level at around 103.13 and resistance level at around 103.4.

[mynameisandhy]

News and Review of European Economic Zone

 

EURUSD: Potential Bearish, Support at 1.3225

Tuesday, May 1, 2012

 

Movement on EURUSD 1 hour chart's looks to rebound by moving upward. Beware as well as the condition of the stochastic indicator is in overbought conditions it is possible that the price will go down. The outbreak of 1.3225 support will tend to bring the price moves down towards 1.3198 support. Conversely if the euro firmed against the dollar and break through 1.3268 resistance then there is a chance that prices will move upwards towards 1.3294 resistance.

[mynameisandhy]

News and Review of European Economic Zone

 

Dreary would undermine Euro Economy

Wednesday, May 2, 2012

 

The euro fell in London after a series of data sessions emphasize the threat of a recession that was haunted by the euro-zone economy. Euro-zone manufacturing index fell to 45.9 for the month of April, lower than the 46.0 forecast and previous publications. Italian manufacturer orders please register a sharp decline in the last three years; manufacturing activity even Germany, Spain, and France to contract sharply. EUR / USD is now trading 1.3150, 1.3241 daily high level away from

[mynameisandhy]

News and Review of European Economic Zone

 

German unemployment data ahead of the announcement, the euro fell

Wednesday, May 2, 2012

 

German unemployment data for April will be released today from the Federal Labor Agency. The number of unemployed fell by 10,000 predicted in April after declining 18 000 in the previous month.

Final survey results of PMI Europe and the euro zone will be issued today. both Germany and the euro zone PMI are expected to touch 46.3 points and 46.0 in April.

The euro fell sharply against other currencies ahead of the release of such data. The euro had touched its lowest since the five-day range terakir in the range of 1.3186 per U.S. dollar.

Against sterling, the euro fell to its lowest range in the last two days in the range of 0.813 per pound. The euro also fell against the yen to 106.0 yen range. Against the franc, the euro was in the range of 1.207 francs

[mynameisandhy]

News and Review of European Economic Zone

 

Euro-zone Unemployment Soon Translucent 11%

Wednesday, May 2, 2012

 

For the first time since the euro was introduced, the ratio of unemployment in the region hit a record high.

 

Data adjusted euro-zone unemployment shows that the number of people without jobs has reached 10.9% in March. The ratio was 0.1% higher than the previous month's record of 10.8%. Central statistical office, Eurostat, reported unemployment in the 17 countries that use the euro currency rose 169,000 to a total of 17.365 million people.

 

The number and the total increase in March was the highest since the single currency was first launched 1999. Some analysts predict the unemployment ratio quickly penetrate 11% in the coming months with potentially more dangerous to 11.5%. The reason behind this assumption is nothing but an economic slowdown in many countries due to debt crisis. Program amid budget cuts, industry and business sector will not recover this year so that the labor absorption it prone to deteriorate.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

External factors grabbed Sterling Performance

Thursday, May 3, 2012

 

Until the afternoon (Thursday, 3/5) £ monitored had not moved from the negative range after yesterday slumped to break down the critical level $ 1.62

 

Mainly due to the collapse of Sterling followed the Euro slipped against the dollar after a series of bad Euro zone data that prompted investors to switch into safe haven currencies. Pound is now moving in a narrow area's $ 1.6180 after earlier dropped to $ 1.6158.

 

Yesterday, data from Switzerland, Germany, Spain to France showed factory activity (manufacturing) declined significantly. Even the Italian manufacturing sector shrank far more than forecast, with factory orders fell at the fastest pace in three years. And its effects, gloomy data is brought negative pressure for the exchange rate Euro and Sterling auto dragging for correction.

 

However, the UK construction sector data better than expected seems to still be able to limit the decline in GBP (Sterling). UK construction PMI rate in April fell to 55.8 from the previous month, but still above economists' expectations of 54.0. These results are considered quite positively by investors, given the deterioration of construction output is one of the reasons behind the economic contraction in the first quarter.

 

In essence, external factors make the British pound sterling to ignore the data slightly better, which is finally broken down CHF 1.6200 level. Technically, the levels will go back in because some indicators sambangi Sterling Moving Average (hourly) is still showing bearish pressure. Targeted support is 1.6170 and 1.6140, while successfully penetrating into the 1.6200, GBP will continue the resistance 1.6240.

[mynameisandhy]

News and Review of European Economic Zone

 

Expect ECB stimulus stream, the euro fell

Thursday, May 3, 2012

 

The euro approached its lowest range during the last two weeks against the U.S. dollar today. Over the last few days the euro continued to decline due to fears of eurozone debt crisis is not finished. Today the focus of investors focused on meeting the European Central Bank.

 

The euro fell 0.1 percent to 1.3145 per dollar range. The euro briefly fell into the range of 1.3122 per U.S. dollar on Wednesday after weak manufacturing data released Europe. Support level seen in the range of 1.3104 euros per U.S. dollar, which had reached the range on 23 April.

 

Trimming the Spanish credit rating was recently may be the reason for the European Central Bank to conduct a policy relaxation. The relaxation zone is needed to protect Europe from the crisis worse.

 

Today, Spain will conduct the auction rate bonds with maturities of three and five years for the first time after the rating they leh trimmed Spain. Spain credit rating cut to BBB + from A last week.

 

Concerns about the euro zone is making the dollar index back to the top of the range of 79.00 pushed away from the low range is achieved at the level of 78.603 on Tuesday.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK house prices fell an estimated flat

Thursday, May 3, 2012

 

House prices fell again in the UK reported last April and for the next 12 months the price is expected to be flat, as indicated by a report from Nationwide Building Society today.

 

Prices earlier this year started positively for new home buyers who take advantage of the tax holiday property then fell on March 24 a result of the request and supplies that allow higher prices to weaken.

 

Index showed prices fell 0.2% on average in April from March and 0.9% so far this year.

 

And in the three months to April, a measurement that soften the sharp monthly fluctuations, prices fell 0.7% compared with three months to January after falling 0.5% in the first quarter of this year.

 

Last March, the Nationwide reported house prices fell 1.0% in February and 0.9% lower than the previous year.

 

The UK economy is expected to re-enter a recession this year after gross domestic product fell 0.2% in the first quarter following the depreciation of 0.3% between October and December last year.

 

The unemployment rate is expected to continue this year and inflation expected to remain high despite the Bank of England estimates that inflation will return to the level of the target at 2% at the end of this year.