mynameisandhy Posted June 9, 2011 Author Report Share Posted June 9, 2011 News and European Economic Review (UK) Nervousness ahead of BoE Meeting Sterling Thursday, June 9, 2011 Fragility of the UK economy is expected to push the Bank of England (BoE) to hold interest rates remain at low levels at a meeting later Thursday afternoon. This condition will certainly widen the difference in yield between the British and euro zone and may increase the attractiveness of the Euro against the Pound. Sterling itself is still moving restless and still depressed in the negative area after slumping against the dollar and plummeted to as low as 1-month low against the euro. GBP deterioration especially after media reports said Moody's analyst comment that said the UK risks losing his rating of 'AAA' if growth continues to weaken and the government failed to meet the targets of fiscal consolidation, although so far the UK economic outlook was stable. BoE meeting on Thursday afternoon is expected to continue to hold interest rates at 0.5%, and likely only will have little impact on the market considering the details of the debate on policies to be released in 2 weeks medatang minutes. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 10, 2011 Author Report Share Posted June 10, 2011 News and Reviews European Economic Zone (France) April French Industrial Production -0.3% On Month Friday, June 10, 2011 French industrial output fell for the second month took place in April because of increased energy production, the national statistics agency Insee said Friday (10 / 6). Industrial production in the second-largest economy, the euro zone fell 0.3% in April from March. Economist dipolling Dow Jones Newswires expected a 0.5% rise. Insee also revised figures for March fell to a contraction of 1.1% from 0.9% the previous fall. Still, manufacturing output in April rose 0.2% from March and rose 1.5% in the last three months than ever before, said Insee. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 10, 2011 Author Report Share Posted June 10, 2011 News and Reviews European Economic Zone EUR Prone In-Depth Correction Friday, June 10, 2011 Currency pair EUR / USD fell today due to European investors selling triggered stop-loss orders at 1.4487 level. EUR had touched 1.4465, and is currently trading at 1.4479. The attitude of European investors are influenced by comments from Jean-Claude Trichet yesterday. ECB gives sinyak rate hike in July next. "EUR / USD moves in principle to buy the rumor and sell on fact,"said a senior bank dealer in Tokyo. After the comments in interest rates, market awaits ECB statement about Greek debt. ECB's attitude can affect the level of market anxiety on the issue recently. EUR / USD likely to fall to 1.4450, while EUR / JPY at 115.91 and vulnerable perched towards 115.50. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 10, 2011 Author Report Share Posted June 10, 2011 News and Reviews European Economic Zone German Parliament Approves Bailout Greece Friday, June 10, 2011 Monexnews - Euro subtract the attenuation after the German parliament approves new bail-out to Greece, it certainly can suppress market panic on the debt crisis, the euro zone. Parliament approves a resolution that also include the participation of private creditors to help the next Greek. The resolution also demanded the role of the IMF for a rescue package and want every Greek reduce its debt burden by galakan privatization program. This resolution will be negotiated when Wolfgang Schaeuble Germany to attend the meeting euro-zone finance ministers on June 20 next and when Chancellor Angela Merkel attend EU summit on 24 June. On the other hand, sources told Reuters the French (one of Europe's policy makers) will support private sector participation if the formula can be prepared which would avoid panic in the market. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 13, 2011 Author Report Share Posted June 13, 2011 News and Reviews European Economic Zone Deadlock Problems Greek Drag Euro Debt Monday, June 13, 2011 The euro fell against the U.S. dollar and reached a record low against the Swiss franc on Monday, along with disagreement among European policymakers about Greece's debt crisis triggered investors to reduce risk. Volume was relatively thin in European markets in line with national holidays, expectations of European bond spreads widened again with Germany was costing the performance of the euro currency. Observed pair EUR / USD -0.06% thinly traded weaker at 1.4335 level thus far. Cross EUR / CHF alone dropped -0.19% to the 1.2071 level. Deadlock private investors with European policy makers regarding Greece's debt restructuring has triggered a sell-off, especially the ECB still oppose the German proposal bond swap. Based on technical studies, intraday bias is still bearish as long as the EURUSD moved in a bearish channel on the graph H1, targeting 1.4200 in the short term. However still required penetration consistently below 1.4300 area to trigger further bearish momentum. Only the rebound above the 1.4475 area is consistently just to change into a bullish intraday bias in the short term, to re-examine the strongest resistance level at 1.4695. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 13, 2011 Author Report Share Posted June 13, 2011 News and Reviews European Economic Zone Range 1.4280-1.4380 Euro Moves Ahead In U.S. Data Monday, June 13, 2011 Today the EUR / USD is predicted to move in the 1.4280-1.4380 range amid the scarcity of clues trading after the market participants prefer to focus on U.S. economic indicators after the ECB meeting last week, according to a senior dealer of Japanese banks. "A series of U.S. economic indicators this week's highly anticipated although there was no important data released today," he said. Penjuaan retail data for May released on Tuesday, while the Empire State Manufacturing Survey for June and the May industrial production data released Wednesday. EUR / USD at 1.4333. USD / JPY is predicted to move in the range of 80.00-80.50, at 80.34 yen. EUR / JPY in the range 114.80-115.80; EUR / JPY at 115.18. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 14, 2011 Author Report Share Posted June 14, 2011 News and Reviews European Economic Zone (UK) Sterling on the Range Strong Tuesday, June 14, 2011 Sterling was still perched firmly on the strong range in the morning session Tuesday after overnight rebound against the U.S. dollar and touched a high level for more than a week against the Euro. Strengthening mainly triggered by fears the euro zone debt and investors' anticipation of inflation data today are expected to show an increase. The annual inflation rate (CPI y / y) is expected to remain at 4.5% in May. When the results of the release appears above those levels, might provide impetus for the Sterling, although according to analysts rebound will not last long unless the investors believe that if the BoE will respond by raising interest rates. However, the anxiety of the fragility of the British economy making sterling is still vulnerable to falling back. Technical analysts say the movement is constant under the MA-100 indicator at $ 1.6246 would bring sterling down toward $ 1.6055 and then $ 1.6000 levels indicated that a moving average MA-200. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 14, 2011 Author Report Share Posted June 14, 2011 News and Reviews European Economic Zone (UK) UK Inflation At 4.5% Fixed May Tuesday, June 14, 2011 British annual inflation unchanged at 4.5% in May, according to latest figures from the Office for National Statistics (ONS), Tuesday (14 / 6). That figure is in accordance with market expectations. ONS said the fall in inflationary pressures from the transport service sector is offset by increased pressure from the food sector and non-alcoholic beverages. Pound firm with such data, continue to trade up about 0.2% against the dollar at $ 1.6397. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 14, 2011 Author Report Share Posted June 14, 2011 News and Reviews European Economic Zone European Stock Height; Mining Association Up Tuesday, June 14, 2011 15:19 European stock markets rose Tuesday, with mining stocks leading the gains after China's consumer inflation data due in accordance with expectations, showing the country's central bank has little reason to tighten monetary policy further in the near future. China's consumer inflation for May was 5.5%, accelerating from 5.3% in April, close to economists forecasts. In addition, China's industrial production index rose 13.3% in May, just above estimates of 13.2%, while retail sales rose 16.9% from the previous year. The second release of data suggesting a gradual moderation in activity, strengthen investor confidence that China will be able to avoid both landing hard and aggressive policy tightening, said RBC Capital Markets. This helped the mining sector after strong gains over the reading of Chinese alleviate concerns about the slowdown in the latest global demand. At 0745 GMT, the index of basic mining European Stoxx 600 rose 0.9% to 551.47. Overall, Europe's Stoxx 600 rose 0.6% at 270.37. London's FTSE 100 index 0.4% higher at 5794.27, Frankfurt's DAX index 1.0% higher at 7163.44, while the Paris CAC-40 rose 0.7% at 3835.89. Data from China could be a catalyst to help stem the tide of market losses, said IG Markets. "Recently, it was very difficult to predict the market reaction to Chinese data ... Hopefully with this data, plus a further bargain hunting, just limiting the market needs to help overcome last fall," he added. In addition, investors are encouraged by news that Bank of Japan policy board has decided to extend credit facilities to make cheap loans available for the growth of corporate sector through the banks. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 15, 2011 Author Report Share Posted June 15, 2011 News and European Economic Review (Greece) Continue to Interfere Greek Euro Performance Wednesday, June 15, 2011 The euro slumped after Europe failed to reach an agreement to settle the debt crisis of the Greek and Moody's to lower the threat rating of the French bank. Euro-zone finance ministers failed to reach agreement on the involvement of private investors in the provision of bail-out Greece. Investor anxiety rose after Moody's threatened to lower the rating of BNP Paribas, Societe Generale and Credit Agricole the risk of crisis due to the large Greek-debt. Sentiment was also exacerbated by the Financial Times reported that Germany plans to help Greece to the euro-zone government forced to give extra funds? 20 billion for the financial sector. "The problem, debate the involvement of private investors in a scheme rescue has not reached an agreement and this makes investors nervous," said Teppei Ino, an analyst at Bank of Tokyo-Mitsubishi UFJ. Greek rescue uncertainty has encouraged hedge funds to boost the euro bearish bets through put options. "There's a euro buying put options for the long term," said a Japanese trader interviewed by Reuters. "The position of Strikes in the range of $ 1.40 with a tenor of one to two months. Hedge funds seem to be ready to buy back the greenback. " Still, the dollar rally will be limited by concerns about the failure of Congress Rev the U.S. debt limit. Federal Reserve Chairman, Ben Bernanke, warned the U.S. could lose the AAA rating and the status of the dollar as a reserve currency if the debt problem is not resolved soon. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 15, 2011 Author Report Share Posted June 15, 2011 News and Reviews European Economic Zone (Switzerland) Producer Price Index, the Swiss Import May weakened Wednesday, June 15, 2011 Swiss producer and import prices fell 0.4% in May this year due to weaker prices for local products and pharmaceutical chemicals, data released on Wednesday (15 / 6) shows. Producer and import price index for May fell 0.2% from the previous month, the Swiss statistical office said. The average estimate of four economists was the fall of 0.2% this year and up 0.1% this month, according to Dow Jones Newswires survey. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 15, 2011 Author Report Share Posted June 15, 2011 News and Reviews European Economic Zone (France) Food Moving Consumer Price Stronger French May Wednesday, June 15, 2011 French consumer prices rose 0.1% in May from April, as food prices just keep rising and receding energy prices down, national statistics agency Insee said Thursday. Consumer prices for the month of May in the second-largest economy, the euro zone in accordance with the expectations of economists, while the annual data slightly below the estimate rose 2.1%, according to Dow Jones Newswires survey of economists. From the previous year, consumer price index (CPI) rose 2.0% in May, slightly less than 2.1% increase recorded in April, Insee said. Energy prices fell 1.3% from the previous month, as prices of oil products fell sharply in the -2% in the previous month. However, from May 2010 still increased by 11.3% and 13.8% respectively Prices of manufactured goods fell 0.1% in the month, with the price of health products and other manufacturing down, and clothing and footwear rose 0.2%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 16, 2011 Author Report Share Posted June 16, 2011 News and European Economic Review (Greece) Greece worsen European Market Sentiment Thursday, June 16, 2011 European stock exchanges slipped to second consecutive session on Thursday with the banking sector led, as investors avoid risky assets amid the European Union's inability to reach agreement on bailout Greece on the brink of bankruptcy. Eurostoxx 50 index slid about 1%, while the German DAX and French CAC index fell by respectively 1.07% and 1.35%. In Britain, the FTSE losing 1.26% in the first 2 hours of trading. Greece is still the main focus of the market on Thursday. While the euro zone officials seem still not able to find a resolution to save Greece from the default, which also impact on small countries other euro zone, amid concerns about the consequences of the possible bankruptcy of the Mediterranean countries. The banking sector led the fall on Thursday following the emergence of concerns about their exposure in Greece, plus the panic over the consequences of the crisis spread to other countries that are most likely host a regional. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 16, 2011 Author Report Share Posted June 16, 2011 News and Overview of the European Economic Zone Wellink Add Agony Euro Thursday, June 16, 2011 The euro continued to be a target of selling to this day. Increasingly strong pressure correction after Wellink, a member of the European Bank's Governing Council and the Financial Stability Board (FSB), issued a startling comment. He considered that the amount of funds the European ideal is two times higher than it should. Other major currencies has been consolidated after being exposed to the action risk aversion. However, investors estimate the debt issue will bring Greece before the Euro continues to drop the European session. The euro recovered slightly to 1.4200, but heavy selling pressure brought the currency to a level of 1.4115. Movement down on two upcoming sessions is to test 1.3920/50 area. According to Valeria Bednarik, Analyst Leader FXstreet.com Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 16, 2011 Author Report Share Posted June 16, 2011 News and Overview of the European Economic Zone (UK) Sterling Still Bearish trapped situation, careful Retail Sales Today Thursday, June 16, 2011 Sterling fell nearly 200 points against the dollar due to poor reports UK retail banking division and rising jobless claims. British Finance Minister, George Osborne supported the separation of retail banking from investment banking. Sterling is quite distressed by reports of the separation of retail and investment banking unit of UK and this reduces the competitiveness of UK financial institutions in the global arena. Sterling performance worsened after data showed unemployment claims rise in Britain as many as 19 600 for the month of May, worse than expected 7100. April jobless claims were also revised higher from 12,400 to 16,900. It certainly made it clear how vulnerable the UK's economic recovery, so give a reason for the Bank of England not to change monetary policy in the near future. In Technical Showing Bearish Sterling still trapped situation, Laporang data which was released today will show whether the sterling will be worse off or even strengthened. Retail sales data today is the data that memiilki High Impact against this currency Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 19, 2011 Author Report Share Posted June 19, 2011 News and Overview of the European Economic Zone (Greece) Euro Up On Optimism Greece Friday, June 17, 2011 The euro rose for the second consecutive day against the dollar on Friday and next week could be extended gains on hopes that Greece will get a new aid package needed to avoid a default that could disrupt global markets. The leaders of Germany and France said on Friday they have united on a Greek rescue deal that would include private sector participation on a voluntary basis. The euro has been hampered in recent weeks by a dispute between Germany and the European Central Bank, supported by France. Prudence is still covered, analysts said, with euro zone finance ministers are scheduled to meet on Sunday and Monday, which will be followed by a summit of EU leaders next week. Greek Cabinet, which in the reshuffle on Friday, will face a vote of confidence on Tuesday night. The euro reached a session high Mahadana 1.4335 on trading platform, before falling back to 1.4303, up 0.7%. But still down 0.2% on the week. Euro reducing some gains after Moody's placed the credit ratings on review for possible Italian downgrade, heightening fears of contagion crisis. Commissioner of Economic and Monetary Affairs Commissioner Olli Rehn said the EU's euro zone finance ministers will decide on Sunday to disburse emergency loans to Greece next stage in early July and decided the new bailout duration of three years on July 11. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 19, 2011 Author Report Share Posted June 19, 2011 News and European Economic Review (UK) GBP / USD Potential to Form 'Double Bottom' Friday, June 17, 2011 The weakening pound from a high position in the area of 1.6170 in early Asian session seems to have found support around 1.6100, which catapulted the GBP / USD on the London trading session to touch a high level of new fresh daily at 1.6187, and potentially form a pattern of "double bottom". Currency pairs are seen struggling in the 1.6170/80 resistance zone (daily high / level tintra-day), with subsequent resistance may be found at 1.6225 (June 16 high) and 1.6275 (intra-day level). Meanwhile, the nearest support level at 1.6080/00 area? (June 16 low / low daily), and then at 1.6055 (May 20 low) and 1.5935 (low March 23). Days of recovery efforts has the potential to form a "double bottom" at the level of 1.6100 with resistance at 1.6170/80 can be seen as a reversal point of intervention, which if breached may push the currency pair is heading the resistance zone at 1.6275. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 19, 2011 Author Report Share Posted June 19, 2011 News and Overview of the European Economic Zone Fed Meeting Overshadowed European Debt Crisis Friday, June 17, 2011 Economic development of the weaker European countries will probably overshadow the two-day policy meeting by the Federal Reserve, which could explain the attitude of the U.S. central bank about the need for further measures to stimulate the sluggish recovery. The Federal Open Market Committee (FOMC), the Fed's policy setting panel, is expected to make an announcement at 01:15 on Thursday morning, which was quickly followed by a press conference by Fed Chairman Ben Bernanke. BNP Paribas said they expect the Fed meeting to prove a negative for the dollar. "With the FOMC this week may be to maintain a dovish stance and use the language of 'extended period' in both interest rates and balance sheet, the more visible U.S. dollar weakness," wrote currency strategist at BNP Pariba to clients, as quoted by Reuters. But they added that the dollar could regain traction when the Greek situation gets worse and risk sentiment weakened. The dollar fell 0.7% to 80.00 yen, and was on track to decline 0.3% during the week. U.S. consumer sentiment deteriorated this month amid renewed concerns about the economic outlook and as gloom about job and income prospects remain, data showed on Friday night. The U.S. economic calendar next week include existing and new home sales, durable goods orders, and the rate of economic growth in the first quarter end. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 20, 2011 Author Report Share Posted June 20, 2011 News and Overview of the European Economic Zone Europe Agrees Failed "Bailout" Greece Monday, June 20, 2011 Europe failed to agree on a loan payment to avoid flushing the Greece of failing to pay debts (default). This condition is also pressing the Prime Minister of Greece George Papandreou for immediate budget cuts in the middle of the demonstrations that roiled the country. At a meeting early yesterday, the Minister of Finance in Europe to force Greece to issue regulations governing the trimming budget deficits and selling state assets. They did not decide whether Greece will get a full loan worth 12 billion euros, equivalent to 1.7 billion dollars promised in July as part of the bailout last year with a total value of 110 billion euros. "We really urge the Greek government to complete its obligations at the end of this month, so we can feel confident that all debts can be met," said Luxembourg Prime Minister Jean-Claude Juncker. As a result, decisions on additional bailout package three years and have yet to be decided until early July. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 20, 2011 Author Report Share Posted June 20, 2011 News and European Economic Review (Greece) European finance ministers meet this monday Monday, June 20, 2011 Greek debt remains a concern, as European finance ministers are to resume negotiations on Monday night. The finance minister is likely to perform only authorization for a loan of 6 billion euros to help the Greeks in terms of bonds, rather than the requested 12 billion Euros, in order to maintain the pressure to cut debt, said Belgian Finance Minister Didier Reynders. "In any situation, we will release the necessary funds in the near future," said Reynders told reporters before a meeting in Luxembourg. Greek Prime Minister summoned the officials to accept measures to avoid economic meltdown, reportedly Sean Lee of Forex Live. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 20, 2011 Author Report Share Posted June 20, 2011 News and European Economic Review (UK) Sterling Limited Reaction in Asia; House Prices UK Monday, June 20, 2011 Sterling looks to give a little reaction to the latest data related to the UK which showed that UK housing prices is at its highest level since the GFC. Sterling is currently at 1.6160 area when the currency is moving in the range of 1.6177 and 1.6148 in Asia. Current support levels in the range of 1.6103, 1.6085 and 1.6060. Resistance level is now at the level of 1.6210, 1.6235 and 1.6267. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 21, 2011 Author Report Share Posted June 21, 2011 News and Overview of the European Economic Zone (UK) UK Manufacturing Production Growth Slows Tuesday, June 21, 2011 UK manufacturing production increased slightly this year is expected, according to the Confederation of British Industry on Tuesday. A total of 13 manufacturers said production will increase in three months, down compared with 20 manufakturur sector in May. Production output is the lowest figure since December last year, but still represents solid growth, according to the CBI. "The results are expected to increase production of the next few quarters, but the expectations of moderate growth compared to recent months," said Ian McCafferty, CBI chief adviser. Percentage based on the comparison of companies expect rise in production in the next three months reduced by the expected decline. The survey also showed expectations of price increases, emphasizing the persistence of inflationary pressures in the manufacturing sector. "The pressure is still very high prices," said McCafferty. "The high commodity prices and import costs signaled that the company will raise prices of goods production in the next three months. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 21, 2011 Author Report Share Posted June 21, 2011 News and Overview of the European Economic Zone Euro Zone Deficit Worsens 5.1 Billion Euros Tuesday, June 21, 2011 Eurozone current account deteriorated in April showed a deficit 5.1 billion euros (7.3 billion U.S. dollars), European Central Bank said Monday. The ECB also revised figures for March in the 17 countries to a deficit of 3.0 billion euros from the initial estimate of 4.7 billion euros. On balance of payments current account, which includes imports and exports in both goods and services plus capital transfers, are indicators of a country or region capability, to pay its way in the world followed closely. It is important for long-term investor confidence and trading partners. The data, which have historically been subject to large revisions, also showed that the euro zone deficit has widened sharply in the past year. Over the past 12 months, the total deficit of 52.3 billion euros, or 0.6 percent of gross domestic product. This is much larger than in previous years, when the accumulated deficit comes to 12.4 billion euros. Recent euro zone current account surplus in January 2010. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 21, 2011 Author Report Share Posted June 21, 2011 News and Overview of the European Economic Zone (Germany) German Economy Expected in June Fall Under Estimates Tuesday, June 21, 2011 German economic expectations for the month of June more than anticipated, the Center for European Economic Research or ZEW said on Tuesday (21 / 6). Index was observed extends fall to -9.0 in June, after an unrevised +3.1 in May. Economists expected a fall to -4.1. Current conditions index fell more moderate to +87.6, compared with +91.5 in May. Economists estimate +88.5 records. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 22, 2011 Author Report Share Posted June 22, 2011 News and Overview of the European Economic Zone Still Bullish Above 1.4360 for Euro Wednesday, June 22, 2011 Immediately after the vote of the Greek parliament on Tuesday night, euro rally to a record height above 1.4430 and then weakened to a low below 1.4390. Technically speaking, "Euro maintain a position near the level indicator shows the trend in height although the price of flats above the middle, a little tired but not yet showing a bearish signal," commented Valeria Bednarik, analyst-led FXstreet.com. "Per 4-hour chart shows the currency found support at the 200 EMA at 1.4360 level, maintaining a bullish signal for the position is above the current levels". Currently, the euro has continued to fall and are at level 1.4380 area, about 30 pips below the opening price. For the movement of falling, Valeria see a support level at 1.4330, 1.4285 and 1.4250. As for the movement of rising in the level of 1.4410, 1.4440 and 1.4490. Quote Link to comment Share on other sites More sharing options...
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