News and Reviews European Economic Zone

[mynameisandhy]

News and Review of European Economic Zone

 

Euro downfall limited 1.3000/30 Support

Wednesday, April 11, 2012

 

Downward pressure continues to Euro in Asia, which is currently trading down to a session low at 1.3065 to 1.3080 new in New York, edged down 0.1% so far.

 

Valeria Bednarik, a lead analyst at FXstreet.com, noting that the movement of the drop is still limited by the static support area around 1.3000/30 and prices go down unless there is a clear movement, the Euro may be restrained, he said.

 

"Graph per hour indicate a bearish signal, when the price begins to move under the SMA-20, while some indicators remained below the middle price of a loss of clear direction," Bednarik said. "The movement of a 4-hour chart, a bearish signal is still there, with some indicators that prices move down the right in the middle and candle charts is still under the SMA-20".

[mynameisandhy]

News and Review of European Economic Zone

 

Safe Haven Currencies and Gold will be excited.

Wednesday, April 11, 2012

 

Current economic conditions in the U.S. post-series of economic data last week coupled with the current condition of the Euro Zone make the market concerned and alarmed.

 

To provide security for the execution of investment, most investors do security on their investment by purchasing assets security, safe haven. The choice is a dollar, bonds or gold.

 

In currency trading the pound on Tuesday (10/04), GBPUSD fell to $ 1.5869 from $ 1.5909, while the trade Euro, EURUSD also declined to $ 1.3078 from $ 1.3116 with on Monday. The dollar index rose to 79 875, of 79 759.

 

Market participants expect the Japanese for example, through its central bank will issue its soft monetary policy to buy the assets of bonds as part of a policy that will be taken from the April 27th meeting tomorrow. While in Germany, German bond yields declined 2-year period, for the first time only amounted to 0.10%, which is the lowest level in at least 10 years. This figure is lower than Japan's similar yield of 0.11% imbalnya.

 

In Europe alone, Spanish and Italian bonds also become the market's attention. Bond yields rose two countries. Spanish Central Bank Governor Fernandez Ordonez, said that many banks need more capital to strengthen the market. Analysts had been expecting sales of Italian debt will likely be trimmed by the European Central Bank measures which will finance the operations and increase the liquidity of the European banking system by buying bonds from European countries. The market will see to what extent the effectiveness of the European Central Bank steps in resolving the financial crisis on the continent.

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Auction Euro Bonds Italy overload

Thursday, April 12, 2012

 

Difficulty maintaining the strengthening of the euro seen after bond auction results Italiatunjukan investors are still worried about the potential for further spread of the debt crisis. Italy only managed to collect funds? 2.8 billion but had to pay dearly to get the funds. Italian government bond borrowing costs tenured three years reached 3.89%, higher than the previous auction of 2.76%. EUR / USD is now trading 1.3115, 1.3150 daily high level away from

 

Italian finance ministry officials, Maria Cannata, doubts the market will see a budget deficit Unbridled Spanish as the primary cause of the surge in borrowing costs. "The problem has not gone to the Italian economy is improving," said the trader interviewed by Reuters. The Italian government is expected to cut its economic growth target for 2012 to a contraction of 1.3%. Italian labor sector reforms as well still be reviewed by parliament with increasing disagreement between the officials of political parties and trade unions.

[mynameisandhy]

News and Review of European Economic Zone

 

Italian euro falter after auction

Thursday, April 12, 2012

 

Peel back the euro gains against the dollar in the session Thursday, after the Italian government debt auction the highly anticipated, investors are eager to meet the demand but the single currency was bolstered hopes tetrhadap continuation of bond purchases by the European Central Bank.

 

Italy auctioned 2.88 billion euros of 3 billion euros of three-year bonds on offer, with an average yield of 3.89 percent versus 2.76 percent in the same auction last month, amid persistent concerns over the risk of transmission of sovereign debt Spain.

 

But the euro still get support after a member of the Executive Board of the European Central Bank Coeure Benoit said Wednesday that the central bank still has a bond purchase program as an option to reduce the pressure on Spanish bond yields.

 

The euro fell from the top level against the U.S. dollar session at 1.3149 level, observed hit 1.3116 on early European trading, or still up 0.06 percent. The euro traded near its lowest level against the pound last three months, slipped 0.13 percent to 0.8230 hit and wiped rise against the yen, up 0.30 percent to 106.31 level, the crew over at the beginning of the session level 106.60.

 

Later in the day Thursday, the U.S. will release official data on initial jobless claims, and reports of inflation in producer and the trade balance.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Pound conclude accession to the euro

Thursday, April 12, 2012

 

Pound increase in daily to end its six-day against the euro. A report expected to show the UK trade deficit surged in February.

 

Lower than 12 pounds and other currencies. Sales of goods are expected to increase to 7.65 billion pounds in February from a range of 7.53 billion pounds in January. while bonds fell before the British government sold bonds worth 2 billion pounds by June 2032 maturity today.

 

Pound slightly declined to around 82.45 pence per euro. On 9 April, the pound rose to 82.30 pence, its highest range since 9 January. against the U.S. dollar, the pound rose 0.2 percent to 1.5934 per U.S. dollar.

 

This year, sterling has risen 0.8 percent this year compared to 10 other currencies. While the euro fell 0.5 percent and the dollar fell 2 percent in the same period.

 

Government bonds with a maturity of three years fell two basis points to 2.07 percent.

[mynameisandhy]

News and Review of European Economic Zone

 

Data Exchange Europe China Press

Friday, April 13, 2012

 

European stocks trade lower on Friday (4/13/2012) with the data of China's economic growth is lower.

 

FTSE index was down 0.2% to 5693, the CAC fell 0.7% to 3244, the DAX fell 0.5% to 6703.61. "With China's economic growth has raised concerns that weakening investor. Some data have been disappointing so that global economic growth is uncertain," said Keith Bowman, of Hargreaves Lansdown, as quoted from marketwatch.com.

 

China's economy first quarter of 2012 slowed more than expected to 8.1%, compared to same period 2011. Growth of 8.1% is a sharp decline from 8.9% rise in the country's GDP in the fourth quarter of 2011. This achievement also misses the expansion expected by economists surveyed by FactSet Research by 8.5%.

 

Asian stock markets has strengthened as the Hang Seng index rose 1.8%, the Nikkei rose 1.1%, Straits Times index rose 0.5%, the Shanghai index rose 0.3%, Kospi index climbed 1.1% and the ASX index rose 1%.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro worry Conditions Spain

Friday, April 13, 2012

 

The euro weakened on the London session, as concerns over the outbreak of the Spanish state. Investors worried about Spain will request financial assistance to the EU if the Spanish government bond borrowing costs continue to rise.

 

Recent developments show the Spanish banking increasingly rely on the ECB to meet its funding needs. Spanish bank loans from the ECB to achieve? 316.3 billion in March, up from? 169.86 billion in February. Amount of the loan reaches 28% of the total funds channeled through the ECB's liquidity facilities.

 

This condition is certainly worrisome given the Spanish banking increasingly rely on the ECB in recent months. Private investors still seem reluctant to give loans to European banks, whose country has a weak fiscal position.

[mynameisandhy]

News and Review of European Economic Zone

 

King of Spain was strangled State Budget

Friday, April 13, 2012

 

The impact of the economic crisis in Spain has spread to the royal family, who are forced to tighten their belts.

 

Kingdom of Spain was forced to lower the principal and staff salaries cut their budget, after the state was forced to reduce the allocation of funds due to the economic crisis.

 

Household budget allocation King Juan Carlos is lowered, because Spain is running a savings plan (austerity measures) that are required of the European Union.

 

Pruning is of 170 thousand euros, or 2% of the total budget, a budget of 8.264 million euros for 2012.

 

"The part that will save the expenditure on personnel and protocol," according to court officials. Pay cuts will mainly affect the 11 key staff listed in the palace payroll.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

GBPUSD: Tend Flat Bias, Test Support at 1.5820

Monday, April 16, 2012

 

Bias tends to flat GBPUSD bearish after the rally in late trading session yesterday. GBPUSD on a 1-hour chart looks to test the range of 1.5820 support area where the outbreak of the level is likely to trigger further bearish movement towards 1.5786 area. In the meantime, beware of rebound towards 1.5854 area resistance to the range of 1.5892 if support the range of 1.5820 to survive. Projection rebound also reinforced by CCI and stochastic conditions that are in the oversold area.

[mynameisandhy]

News and Review of European Economic Zone

 

EURUSD: Potential Rebound, Shoot 1.3055

Monday, April 16, 2012

 

EURUSD in 1-hour chart rebound likely target area the range of 1.30554 to 1.3085 resistance if the range of 1.3007 support. This was also confirmed by the conditions of technical indicators that are currently oversold. Instead ignore rebound opportunities if the range of 1.3007 support break because it is likely to trigger a bearish movement towards 1.2959 area.

[mynameisandhy]

News and Review of European Economic Zone

 

European exchanges Still Have Negative Sentiment

Monday, April 16, 2012

 

Investor concerns over global economic growth predicted will be a negative sentiment on the European stock trading on Monday (4/16/2012).

 

Weakening it means it will continue last week that affected some negative sentiment. China GDP data over the weekend dragged into the negative zone due to below market forecasts. In the first quarter of 2012, China's growth is only up 8.1% from 8.9% in the fourth quarter of 2011. So quoting marketwatch.com.

 

Another negative sentiment is today South Korea's central bank lowered its economic growth this year. This is influenced signal weaker global economic growth and the high price of imported oil.

 

Spain also experienced a crisis still weighed on the markets. Rising bond yields have approached the European Central Bank to increase the purchase of state bonds.

 

At the same time, today's Asian stock markets lower. Fears of global growth and economic health of Europe is still undermined investor confidence in risky assets.

 

Asian stock markets fell as the majority of Hang Seng index fell 0.6%, the Nikkei fell 1.7%, Straits Times index rose 0.02%, the Shanghai index down 0.09%, Kospi index fell 0.8%, the index dropped 0 , 4%.

 

Negative news also came from the Credit Siuisse Group which is planning to do the layoffs of 5,000 workers.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Down with Sarkozy comments

Tuesday, April 17, 2012

 

EUR / USD dropped after becoming French president Sarkozy's comments, clearly trader. According to Bloomberg News, citing a radio interview with Inter, France. Sarkozy said that "the weakening euro European good" because it can boost exports.

 

"The euro weakened by the news and nothing else that can suppress the currency," said a senior trader at a Japanese bank. Euro at 1.3096 compared to 1.3142 on Monday night in New York. Traders wait for the Spanish short-term bond auctions as a guide the next trade. On Monday (16/4) bond yields could rise above the psychological level at the level of 6%.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

GBPUSD: Potential Bearish, 1.5873 Test Soon

Tuesday, April 17, 2012

 

Cable managed to rebound and reach our target in the previous analysis. Currently the 1-hour chart looks bearish bias tends Cable and test 1.5873 support level support where the outbreak is likely to trigger further bearish movement with target dikisaran previous low 1.5852 to 1.5817 dikisaran. Meanwhile, beware of rebound towards 1.5908 resistance area, or even towards the 1.5929 area if the range of 1.5873 support to survive.

[mynameisandhy]

News and Review of European Economic Zone

 

The euro tumbled again

Tuesday, April 17, 2012

 

Euro fails to maintain its stability against the dollar and yen. The euro fell ahead of the Spanish bond auction. Market focus was on the Spanish loan interest up to its highest point this year.

 

The euro fell against other currencies before a report is predicted to show the weakness of investor confidence in Germany, the largest economy in Europe.

 

Aussie mengalmai third daily decline against the dollar after the Bank of Australia said that inflation is slowing may be the reason for cutting rates melakukang separately. While the yuan has increased with the development of China eskspor sector.

 

The euro fell 0.2 percent to around 1.3110 dollars per ounce. yesterday, the euro had touched the range of 1.2995 doalr per ounce, its lowest level since February 16. The euro fell 0.2 percent against the yen to 105.42 yen range. The U.S. dollar was at 80.41 yen range after being dropped to around 80.30 yen yesterday, its lowest level since February 29.

 

Today, Spain will auction rate bonds with maturities of 12 months and 18 months today. Meanwhile on 19 April, Spain will auction bonds with maturities in 2014 and 2022.

 

Yesterday, bonds with a maturity of 10 years touched 6.16 percent range, the range of its highest since December 1. If it reaches 7 percent range, then Spain will meet the fate of Greece, Ireland and Portugal in need of international assistance.

 

The Spanish government itself predicts their economies will shrink 1.7 percent this year and will conduct its largest funding cut in 30 years. berncana governments to shrink their deficits to 5.3 percent of GDP. Last year the deficit they are in the range of 8.5 percent.

 

Last month, the euro fell 0.1 percent. Australian dollar fell 2.4 percent, as well as a worst-performing currency compared to 10 other currencies. Aussie fell 0.3 percent today to around 1.0320 dollars per ounce.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

BoE Minutes Strengthen Sterling

Wednesday, April 18, 2012

 

Sterling rose after the BoE minutes show fewer central bankers who want additional monetary stimulus. BoE meeting minutes of April show only David Miles who want additional bond purchase program as much? 25 billion. It's quite a contrast to the March meeting minutes that show that Adam Posen and David Miles wanted to increase as much stimulus? 25 billion. GBP / USD is now trading 1.5976, 1.5895 away from daily lows.

 

Although the central bank saw the possibility of a natural British recession this year, but the board of governors seemed more concerned with inflation. Data show yesterday inflation grew 3.5% in March; higher than the publication in February and 3.4% is still well above the BoE's target of 2%. "The increase in prices of oil and gas, as well as the new tax changes enacted by the government will increase inflationary pressures may be higher than inflation reports have been released before," the BoE minutes

[mynameisandhy]

News and Review of European Economic Zone

 

Struggling to find direction, European market flat

Wednesday, April 18, 2012

 

European stock markets are still struggling to find direction in early trading session Wednesday, with gains in the mining sector, although Spanish banks have to remove some of the increase obtained in the session yesterday and the stock of Siemens AG and ASML Holding NV is under pressure.

 

The Stoxx Europe 600 flat at 259.62 level, after rising 2 percent in the previous session, led by financial sector stocks in the world economy and a positive signal.

 

Spanish banking system, especially under pressure. Shares of Banco Santander SA fell more than 1 percent, after rising more than 3 percent on the day seelumnya.

 

Technique shares fell 1.1 per cent of Siemens AG. such as the media followed, that the company will cut its full year profit-related difficulties in its business offshore.

 

Shares of the company ASML Holding NV chips fell 2.8 percent after it reported first quarter net profit, although expect stable sales in the next two quarters.

 

Fresnillo PLC jumped 3.6 percent after it reported first-quarter gold production, tear down expectations.

 

IBEX 35 index slipped 0.5 percent to a level of 7334.50. German DAX 30 index flat at 6794.88 level. France's CAC-40 fell 0.3 percent to a level of 3281.93. Britain's FTSE 100 rose 0.2 percent to a level of 5777.35, with mining stocks led gains.

[mynameisandhy]

News and Review of European Economic Zone

 

The addition of European Bailout Fund Less Effective

Wednesday, April 18, 2012

 

The addition of bailout funds, in order to protect market-euro zone government bonds, less effective, according to the Prime Minister of Finland. "The addition of bailout funds will only cause problems because the market will doubt the credibility of European governments desire to make a greater commitment to improving public finances," said Prime Minister Jyrki Katainen told the daily Corriere della Sera.

 

Some euro-zone officials, including Prime Minister of Italy Mario Monti, who met yesterday with Katainen, has called for the addition of a larger bailout fund. Katainen said his meeting with Monti is very positive. "Italian savings plan is the right approach. Finland has also been implementing greater fiscal adjustment, "said Katainen.

 

Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.3111, 1.3141 daily high level away from

[mynameisandhy]

News and Review of European Economic Zone (Netherlands)

 

Flat rate of unemployment in the Netherlands two months in a row

Thursday, April 19, 2012

 

Netherlands Central Bureau of Statistics released data on Thursday is related to the unemployment rate for two consecutive months fixed and unchanging.

 

The unemployment rate in January reached 5.9 percent level, and remained until this month. As for the month of March 2011, the unemployment rate reached 5.1 percent.

 

The number of unemployed rose to 465 000 in March, while for the previous month reaching 463 000

 

While for the number of people who have claims for unemployment benefits declined 1.1 percent to a monthly basis, so it becomes 295 600.

[mynameisandhy]

News and Review of European Economic Zone

 

European markets rebound ahead of the Spanish auction

Thursday, April 19, 2012

 

European stock markets rebounded on Thursday session of the decline in the last couple of days because the market is waiting for Spain's debt auction.

 

Europe Stoxx 600 Index rose 0.7 percent to 259.54 level, supported by banking stocks such as Banco Santander SA, which rose 1.3 percent, and shares of major oil company BP PLC, which recorded an increase of 1 percent.

 

Hit hard in the last session, the Spanish IBEX 35 index rose 0.7 percent to 7130.80 level ahead of debt auction two and 10 years. French CAC 40 index rose nearly 1 percent to a level of 3271.57 and Germany's DAX 30 rose 0.8 percent to a level of 6785.19. The FTSE 100 rose 0.7 percent to a level of 5785.83. Akzo Nobel NV shares rose 3.4 percent after a report pedapatannya results.

[mynameisandhy]

News and Review of European Economic Zone

 

European stocks back Green Leaf

Thursday, April 19, 2012

 

European stock markets and currencies at the same Euro rebounded on Thursday after investors get the Spanish bond auctions are still in line with demand expectations. This eases the pressure on Spanish bond yields 10-year tenure has dropped to an area of ​​5.70% after the auction results are released. While the Spanish IBEX stock still traded flat.

 

In addition to Spanish bond auction, sentiment also improved after the IMF and the G20 gave the signal to increase funding for the facility firewall (bailouts) for the EU to be $ 400 billion euro, although slightly lower than the expectations of the community of international investors in the $ 500 billion Euro, but the addition of this is significant enough to prevent the occurrence of Spain's debt default.

 

But it is different if followed by Italy default anxiety, then the fund is likely to be inadequate. As a result, the debt crisis and tension Italian banking sector still has the potential to be tested again, but at least for the time being there is still hope a technical rebound in European stock markets as a positive outcome auction of Spain and the IMF agreement.

 

Monitored by far London's FTSE index, rose 0.32% to as low as 5,719.50, while Germany's DAX index jumped 0.22% at 6,750.00 level and the French CAC climbed 0.34% terkerek traded at 3,247.0 so far.

[mynameisandhy]

News and review European Economic Zone (Germany)

 

German business sentiment strong Euro

Friday, April 20, 2012

 

Continued strengthening of the euro after German business sentiment data provide hope for the sustainability of economic growth in the euro-zone's largest. Business sentiment index rose to a level of 109.9 for the month of April; higher than the predictions of 109.6 and 109.8 the previous publications. EUR / USD is now trading 1.3171, 1.3128 daily stay away from low level

 

Germans seem to be able to avoid recession this year after the economy contracted in the last quarter of 2011. Visible increase in exports to developing countries in Asia, while low unemployment has boosted consumption. "Today's data is pretty good," said Jens Kramer, an economist at NordLB. "Germany's economic fundamentals are still solid. Recovery will occur in various sectors."

 

However, Barclays remained pessimistic about the performance of the single European currency amid worries over the return of the debt crisis. Barclays Capital was waiting to place a sell position EUR / USD at 1.3200 range. Barclays assumes the euro in the area of ​​1.3220 resistance will persist and the euro could re-test the low level of 1.2970

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Strengthens UK Retail Sales

Friday, April 20, 2012

 

Sterling continued strengthening after retail sales data give hope the UK will avoid recession. Retail sales increased 1.8% for the month of March, higher than the predicted 0.4% and prior publications which fell 0.8%. GBP / USD has traded 1.6111; stay away from daily lows 1.6038

 

Warm weather has succeeded in boosting demand for clothing and gardening equipment. Surge in purchases of energy products also occur in anticipation of strikes by labor unions tankers. Good retail sales would give England hope to avoid a recession this year. GDP data in the last quarter of 2011 show the UK economy contracted 0.3%.

 

Meanwhile, Barclays Capital remains optimistic about the sterling performance as he uttered GBP / USD will test 1.6170, its highest level in October 2011. "If the GBP / USD may please register level weekly close above the moving average of 200, 1.5958, then this would open up opportunities to increase target of 1.65 in the medium term," wrote Barclays Capital research report obtained by Dow Jones.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Above 1.6100 Sterling Easter Translucent Retail Sales Data

Friday, April 20, 2012

 

Sterling perched on 20-month highs against the euro and touched the 5-month highs vs dollar on Friday, is supported by data released retail sales exceeded expectations, proving the pace of recovery is still up in the UK.

 

Pounds have been in an uptrend since the Bank of England Minutes released Wednesday indicate the reduced chance of quantitative easing anxiety due to high inflation.

 

Besides improving the condition of the UK economy as a whole lead to a £ favored than the euro is still overshadowed by the problems following the debt crisis of the Spanish and Italian.

 

Observed so far GBPUSD currency pair rose 0.30% to a level of 1.6098, after reaching the highest point in the 1.6116 intraday, and its daily lows at 1.6040.

[mynameisandhy]

News and Review of European Economic Zone

 

European manufacturing worsen Euro Performance

Monday, April 23, 2012

 

The euro remained lower after manufacturing data and services emphasize the threat of a recession that is now being eclipsed the European economy. European manufacturing and services indices contracted to a level of 46.0 and 47.9 for the month of March, lower than previous publications 47.7 and 49.2. The euro is now trading 1.3138, 1.3210 daily high level away from

 

Decline in economic activity is also seen in Germany and France, the two largest economies in the euro-zone. Germany's manufacturing index fell to 46.3; worse than the predictions of 49.0 and 48.4 in February publication. French service sector index contracts to a level of 46.4 for the month of March, lower than the predicted 50.3 and 50.1 the previous publications

[mynameisandhy]

News and Review of European Economic Zone

 

European bourse opened sharply declining

Monday, April 23, 2012

 

European stock markets started trading this week with a sharp drop in session Monday, led by banking and mining shares lower, with investors waiting round of presidential elections in France, the preaching of the early elections in the Netherlands and contraction of Chinese manufacturing data.

 

Europe Stoxx 600 Index fell 1 percent to as low as 255.17, led by a 1.4 percent decline in shares of Total SA, decreased 1.8 percent share in BASF SE and a reduction of almost 2 percent stake in Rio Tinto PLC.

 

Spanish stocks are also under pressure because of higher yields obligation. Philips Electronics NV shares jumped almost after the first quarter results.

 

IBEX 35 index fell 2 percent kelevel 6891.70. The German DAX 30 index fell 1.4 percent to a level of 6.652.44, the French CAC 40 index fell 1.4 percent to a level of 3143.49 and the FTSE 100 index fell 0.8 percent to a level of 5723.28.