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EURUSD & USDJPY moved higher as well as Crude Oil

By admin | Published: October 25, 2011

Germany has strong pressure to “cut” of Greek government bonds by 60% with France wants a lower burden of 40%. Shown is the potential for compromise in 50% identity with the speech Juncker. Approaching the next day in the absence of new leaks in the European front, investors keep a cautious stance, which reflected the morning with small changes to higher levels and foreign exchange. Besides, yesterday’s strong upward reaction, resulting from the strengthening of risk has no foundation and remains vulnerable to European developments.

The euro has managed to remain above $ 1.3900, with stabilization progress, taking support within days of reports that talk about leveraging the EFSF to 1 trillion. euro amid market rumors of currency from a U.S. bank. The rate USDJPY in forex moved away slightly from the historically low levels of 75.83 and traded over 76.00. A significant portion of analysts’ estimates that the view that the EU wants to lead tomorrow a complete solution for the crisis is overstated.

In the rest of the foreign exchange market, the AUDUSD exchange rate continues to negotiate more than 1.0400, while the pair GBPUSD strives to maintain above 1.6000. The USDCHF rate fell to a low 5 weeks below the level of 0.8800. The Swiss currency is not reacted to statements by the Governor of Bank of Switzerland Hildebrand that the currency remains high against the euro but expects a gradual retreat. He reiterated that the SNB will defend the connection limit EURCHF, stressing that it is ready to take new action if necessary.

Crude continues its race over $ 93 / barrel. Oil strengthened for a third meeting at a high 12 weeks amid signs of increasing demand in the U.S. and in the expectation of finding a European solution. The “black gold” has recorded an increase of 20% over the last three weeks, having entered a bull market (bull market).

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Project of $348.8 million for Metka in Iraq regarding Power Plant

By admin | Published: September 28, 2011
The construction of power plant budget 348.8 million dollars in Basra in Iraq has METKA as transmits Reuters. According to the report the plant will have capacity of 1,250 megawatts.  METKA addition, the South Korean Hyundai Engineering undertook the construction of another factory budget 308 million dollars and a capacity of 1,500 megawatts. The country is facing significant shortages of electricity to the national grid to operate only a few hours of the day. Trade forex online in your language: Forex Indonesia. Get 20% Bonus on your first deposit.
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Bill Gross: He admitted his mistake for U.S. bonds

By admin | Published: August 30, 2011

Bill Gross, the manager of the largest in the world bond fund PIMCO, he admitted it was wrong to bet both for the price of U.S. government bonds. It transmits CNBC, citing a publication of Financial Times, Mr. Gross «emptied” the Total Return Fund of 244 billion dollars in U.S. government securities, in a move .. turned backfire because the bond market rally has. Yesterday, the Pimco fund was at five hundred and first place in the category that contains 589 bonds. “If I wished I had more Treasuries Yes, this is obvious,” Gross said last week adding: “I understand that it was wrong for me / us to think that the U.S. economy can sustain real growth of 2%. It shows it can. ” When the yield on 10-year U.S. Treasuries increased to 3.5% in January, Gross warned that the risk of rising inflation makes government bonds a “poor” investment. In June, Gross warned investors again to escape the bonds, but this month, the turbulence in financial markets led investors to safe havens like government bonds, with yields of U.S. 10-year bond to fall below 2%, low 61. This development made ​​the Gross revise the pessimistic appraisal of U.S. Treasuries in recent weeks. On the forex market, EURUSD declined below $1.4400.

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Investors are scared – Euro markets collapse

By admin | Published: August 19, 2011

The nightmare of a new global recession causes earthquakes … in European markets which extend its losses yesterday, with new over 4% in trading Friday. New ‘coup’ for European banks, down 7% or Lloyds. Analysts said investors are now betting that the slow economic recovery is here … to stay. “We are in a period of intense fear and mass. The market has lost confidence and slow global economic recovery, “notes the Investors Intelligence according to Dow Jones Newswires. The banking industry is in grip of intense pressure and reinforced concerns that the lack of a reliable solution to the debt crisis in both the Eurozone , and the U.S.. In London, shares of Lloyds declining at a rate of 6.56%, the share of RBS goes down 6.35% and Barclays 5,5%. In Frankfurt, Deutsche Bank 5,04%, while in Paris, Societe Generale share records fall 4.59%. Despite that, the EURUSD pair in the forex market is well above $1.4300. To the macro of the day, significantly higher expectations formed producer prices in Germany in July, both a monthly and an annual level, according to data from the Destatis. However, the figures remained lower than the high 2.5 years at an annual level that was noted earlier this year. The producer price index rose by 0.7% and 5.8% on a monthly and annual basis respectively. On the dashboard, the estimator of the state of the stock markets of member countries of the Eurozone, the Euro Stoxx 50 lost 3.40% record. In London the FTSE 100 falling 2.48% record. The German DAX declining at a rate of 3.67%, while in Paris the CAC-40 moved to -2.97%. Losses of 2.84% notes IBEX in Spain, at a rate of 2.97% decline in the Italian MIB, while in Portugal, the PSI record drop 1.55%. The Swiss SMI declining 2.52%. Negative signs have indices in Russia, the RTS to -4.10% and -4.38% in Micex. In Turkey, the ISE index falls at a rate of 2.41%.

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Different directions in the Euro markets

By admin | Published: August 10, 2011

In an environment of intense volatility out and now trade on European exchanges, the German DAX strengthened by more than 1% and other markets show mixed signs, after an upward start. Specifically, the officials Fed pledged to keep interest rates at extremely low current levels “until at least mid-2013,” indicating that operators will continue to support efforts to stimulate the ailing U.S. economy. “This was a clear message to buyers return to market” says the IG Markets. He adds that investment portfolios are “wounded” by the events of the past two weeks, but many hope the Fed drew a line down the fall and attention can now turn to the reconstruction of global economic growth. In the currency market, the central bank of Switzerland SNB said it would take measures to stop the excessive rise of the franc, providing greater liquidity on the forex market, and will return to the fore the FX swaps for the first time since autumn 2008. As a result, the franc is moving downwards against major currencies. On the dashboard, the estimator of the state of the stock markets of member countries of the Eurozone, the Euro Stoxx 50 recorded losses of 0.12%. In London the FTSE 100 recorded an increase of 0.65% . The German DAX is reinforced at a rate of 1.39%, while in Paris the CAC-40 moved to 0.18%. Losses of 0.03% notes IBEX in Spain, at a rate of 0.91% decline in the Italian MIB, while in Portugal, the PSI record 2.37% rise. The Swiss SMI strengthened 0.94%. Negative signs have indices in Russia, the RTS to -0.96% and -0.7% Micex. In Turkey, the ISE index supported at a rate of 0.28%. The macro of the day, industrial production in France, the second biggest eurozone economy, fell more than economists expected in June, due to lower production for materials transport and electronic goods. The production fell 1.6% compared with May, when it had risen by 1.9% (revised measure), according to national statistics office Insee. Economists had predicted a fall of 0.7%. Compared with last year, production increased 2.3%.

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Britain: New drop in June for the manufacturing PMI index

By admin | Published: July 1, 2011

Limited growth recorded in June on the British manufacturing sector as shown by the figures seen today in the spotlight, raising questions about the strength of economic recovery in the country. The index of manufacturing Purchasing Managers Index fell to 51.3 points in June from a revised scale of 52.0 points in May, as announced today by Markit Economics and the Chartered Institute of Purchasing and Supply. Count down from 50.0 points would mean shrinking the business sector. The british pound (GBP) was losing ground on the forex trading after the announcement of the index was the lowest since September 2009 and missed estimates of analysts polled by Dow Jones Newswires on recovery in 52.5 points. “The manufacturing sector continued to drift closer to the stagnation in June” said Rob Dobson, chief economist at Markit.

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At four months low the Crude Oil

By admin | Published: June 20, 2011

At four months low declined the price of Crude Oil because of worries about global growth and world wide demand for the “black gold” thus completed a week of falling by 6.2%. Specifically, the contract of light sweet of July delivery fell by 2%, or 1.94 dollars, to 93.01 dollars, its lowest closing level since Feb. 18. The IMF estimations which released on Friday regarding the progress of the world economy has warned that European debt crisis and the weak growth in the U.S. are pothential risks. Furthermore, IMF lowered its assessment for global growth in 2011 to 4.3% while for the U.S. reduced it by 0.35% to 2.5%. Trade Oil, metals and other commodities on the best forex platform of the market – the award winning MT4.

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UK: Fall to industrial production and producer prices

By admin | Published: June 10, 2011

The biggest decline since August 2009 noted that industrial production in Britain in April on a monthly basis, as announced by the statistical office of the country. Specifically, production fell 1.7% and compared with April 2010 decreased 1.2%. The figures were far worse than expected as economists polled by Dow Jones Newswires predicted fall 0.1% on the month and increased 1.3% annually. Open a Forex Islamic Account and start trading with the top platform of the online forex marketMeanwhile, the producer price index (PPI) in May recorded the biggest monthly decline since April 2009. Specifically, the index fell 2% compared with April while on an annual basis rose 15.7%. Economists polled by Dow Jones Newswires had expected a fall of 1% on the month and increased 16.5% in the year.

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Dow Jones Newswires: Up to 100 billion Euros the new aid to Greece

By admin | Published: June 8, 2011

Officials from the EU and the IMF negotiating with private bondholders in Greece, a new aid package amounting to 100 billion in new borrowing over the next three years, according to what transmits Dow Jones Newswires, citing government sources close to the discussions. The new package, which is about one third higher than the previous plan which saw the light of day a few weeks ago, involves private sector participation of around 30 billion, which will form a voluntary extension of the Greek state bonds approach maturity.

According to Dow Jones Newswires, the draft also states that the Greek government will collect an equivalent amount of privatization, which will be used to meet the financial needs of the country. It is important that the new plan will fund up to Greece in 2014, while the previous target was for the next two years. Although the final details have not yet decided, continuing the Dow Jones, the package will be approved at the meeting of finance ministers of the European Union on June 20 and will be located in the Eurogroup’s agenda prior to the Ecofin.

“The new loan starts to take shape. It could reach 100 billion and should not be less than 80 billion euros, “said an official at Dow Jones. “Under the plan, approximately 40 billion will come from a new loan of EU / IMF 30 billion will come from privatization, while 30 billion by extending the maturity of Greek government bonds,” he added.

The agency relies on a second officer, who notes that the governments of the Eurozone are in discussions with major European banks, including Greek, who have largely Greek bonds. “Discussions with banks is underway and is expected to share the burden of new loans to Greece,” he said. “The final plan will be agreed and approved at the next meetings of the Eurogroup and Ecofin in Luxembourg later this month. Trade currencies online with the best forex platform of the market. Metatrader 4 offers you the ability of automated forex trading on currencies, futures or commodities.

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Israel: Dead tycoon shipping owner

By admin | Published: June 3, 2011

The Israeli shipping owner tycoon Sammy Ofer, whose name was involved in the scandal for business contacts with Iran, was found dead Friday in his home, reported the Israeli television network Channel 10. According to Israel Radio, the Sami Ofer, whose fortune is estimated at least 10 billion U.S. dollars (Forex Broker Report: EURUSD at 1.8480), in Tel Aviv died of complications from a long illness which he suffered.

The U.S. last month imposed sanctions on the Ofer Brothers Group, blaming him for the sale of oil in Iran. Sami Ofer and the co-owner of the group, Julie’s brother, denied that they had committed any wrongdoing. The Ofer, 89 years, was one of the richest men in Israel. The Channel 10 reported no information on causes of death in Ofer and the police did not communicate anything about this death.

The Israeli business group Ofer Brothers Group and a subsidiary of Singapore Tanker Pacific included blacklisted by Washington on charges they were making indirect trade with Iran, an issue which has caused uproar in the Jewish state. According to the U.S. State Department, the two companies sanctioned in September 2010 for the sale, over 8.6 million U.S. dollars, an oil shipping company on Islamic Republic of Iran Shipping Lines (IRISL), violating the international embargo against Tehran for the disputed nuclear activities. The Israeli media revealed in late May that at least 13 oil group Ofer sold to Iran in the last ten years.

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