The main event for today - a report on the GDP in the euro area
Friday, November 13, 2009 9:27 AM
In the morning went GDP in Germany - a result consistent with expectations. Most other countries in the euro area can not get out of recession followed by Germany, so the EU's GDP could be worse than expected.
Macroeconomic data published so far this week, were pretty weak, but today will be an interesting day. Already released GDP of Germany - a result consistent with the forecast. We believe that the Eurozone GDP (published in 10:00) may disappoint market participants, since in addition to Germany, the positive impulses from nowhere to wait.
According to the monthly report on the U.S. budget deficit is $ 176.4 billion, while revenue fell to a seven-year minimum. Despite the fact that net interest expense on the debt are still low, the situation will change as soon as interest rates begin to rise.
One of the main drivers in the U.S. markets today will be the index of consumer confidence in the University of Michigan. Expected a slight improvement, which is quite feasible.
Today representatives of the Fed's Evans and Dudley (both voting members of the FOMC) will perform at various meetings on the topic of bubbles in asset prices and financial system, respectively.
Saxo Bank
Wednesday, November 18, 2009
Mizuho: pound / dollar may rise to 1.6800
Mizuho: pound / dollar may rise to 1.6800
Friday, November 13, 2009 9:29 AM
Against the background of improved market sentiment couple pound / dollar rebounded and now rests just below the 1.6700 mark. As the currency analysts Mizuho, steam rolled on the support trend line and 9-day moving average, and in the course of the rollback on the daily charts formed Candle doji ". According to the Bank's strategy against this backdrop pair Pound / dollar could rise again to the area of 1.6750/1.6800. As levels of resistance bank analysts put 1.6700, 1.6750 and 1.6800. Supported by speakers mark of 1.6574, 1.6515 and 1.6500. At the moment pair Pound / dollar is at 1.6666.
Euro / dollar fell after consumer sentiment data
Friday, November 13, 2009 9:28 AM
The fall of the index of consumer sentiment University of Michigan was a complete surprise, given expectations of rising from 70.6 to 71.0 and the actual value at 66.0 points, which triggered the increased pressure on the euro / dollar. Couple tested in anticipation of the report Offer around $ 1.4850/60 turned sharply lower and checked on the strength of formal bids Asian accounts, setting a fresh session lows near $ 1.4825. Currently, the euro is kept about $ 1.4840, but the sentiment remains poor, and dealers have warned that a break below $ 1.4820 lay bare foot placed below, while the loss of support in the figures can be a catalyst more active fall.
Friday, November 13, 2009 9:29 AM
Against the background of improved market sentiment couple pound / dollar rebounded and now rests just below the 1.6700 mark. As the currency analysts Mizuho, steam rolled on the support trend line and 9-day moving average, and in the course of the rollback on the daily charts formed Candle doji ". According to the Bank's strategy against this backdrop pair Pound / dollar could rise again to the area of 1.6750/1.6800. As levels of resistance bank analysts put 1.6700, 1.6750 and 1.6800. Supported by speakers mark of 1.6574, 1.6515 and 1.6500. At the moment pair Pound / dollar is at 1.6666.
Euro / dollar fell after consumer sentiment data
Friday, November 13, 2009 9:28 AM
The fall of the index of consumer sentiment University of Michigan was a complete surprise, given expectations of rising from 70.6 to 71.0 and the actual value at 66.0 points, which triggered the increased pressure on the euro / dollar. Couple tested in anticipation of the report Offer around $ 1.4850/60 turned sharply lower and checked on the strength of formal bids Asian accounts, setting a fresh session lows near $ 1.4825. Currently, the euro is kept about $ 1.4840, but the sentiment remains poor, and dealers have warned that a break below $ 1.4820 lay bare foot placed below, while the loss of support in the figures can be a catalyst more active fall.
Financial sector reform is part of enhanced phase
Financial sector reform is part of enhanced phase
Monday, November 16, 2009 6:24 AM
In a statement the head of the Bank of Spain, Miguel Fernandez Ordonezom (Miguel Fernández Ordóñez) refers to the desire to reduce by one-third the number of Spanish savings and credit institutions in less than a year that marks the beginning of a strengthened phase of financial sector reforms.
From the moment that the Spanish authorities attempted to help the suffering with Caja Castilla La Mancha (CCM) during the emergency operation at the weekend in late March, the negotiation of mergers and acquisitions in order to save the country from other unreliable creditors proceeded with frustrating slowness, according to bankers and government officials.
Contributed to the list of commercial banks such as Santander and BBVA, still seemed more viable than most of their international colleagues.
However, many of the 45 banks that were not included in the list of approved stock exchange turnover, and often under political influence of the regional savings bank, succumbed to the increasingly negative influence because of bad loans to builders and homebuyers in the boom years.
Santiago Lopez Diaz (Santiago López Díaz), a bank analyst at Credit Suisse in its critical report on the banks said that Dumb of them increased their branch network in recent years, which angered participated in the bankers. They have quadrupled their total assets in a decade, developers have increased the loan by a factor of 20, recording the extraordinary growth of 43% on these loans during the period between 2002 and 2007.
At the moment, this has led to an increase in bad loans, which require more investment, this effect of pressure on the merger and the growing concerns of foreign creditors, who own a greater part of the € 450 billion of mortgage securities issued by Spanish authorities.
Fernandez Ordonez told the Financial Times that the 15 banks should be merged with others in the spring of next year, also, he intends to use the new Spanish law "Frob", which established the Foundation for the orderly restructuring of banks, for such purpose, almost $ 99 billion.
For the first time in postwar history of Spain's banks are in the spotlight. "All previous crises were due to banks", - said Ordonez. "The current crisis has paralyzed the banking system, a new phenomenon and we need to adopt a new law."
Two of the expected merger - is rescued from the CCM Cajastur, and Unicaja with Cajasur, probably, will be held with the participation of € 4 billion, which had accumulated a bank deposit insurance fund, however, that money would soon be exhausted.
With the present moment, the Bank of Spain wants stronger bank structures financed acquisitions from its own resources, which is expected to occur between different banking institutions in Navarra, Rioja, Aragon and the Canary Islands, or the same for this purpose is proposed to hold a Frob .
Grants for the taxpayers' money Frob will be available only as a last resort; Ordonez also said that the authorities expect instead to see the restructuring and closure of branches to reduce costs.
Partially can say thank you to the Bank of Spain for its strict limits and closely monitored, due to which taxpayers do not spend anything to help the banks, "said Ordonez. "In our case, is very profitable, when 80% of large and medium-sized financial institutions in relatively prosperous" - he said.
Until now, property prices in Spain fall, we're ahead of many mergers and acquisitions in the financial sector. Thus Ordonez described the difficult task of supporting the reform of the banking sector, which does not affect the Spanish taxpayers.
The Financial Times
November 16
Monday, November 16, 2009 6:24 AM
In a statement the head of the Bank of Spain, Miguel Fernandez Ordonezom (Miguel Fernández Ordóñez) refers to the desire to reduce by one-third the number of Spanish savings and credit institutions in less than a year that marks the beginning of a strengthened phase of financial sector reforms.
From the moment that the Spanish authorities attempted to help the suffering with Caja Castilla La Mancha (CCM) during the emergency operation at the weekend in late March, the negotiation of mergers and acquisitions in order to save the country from other unreliable creditors proceeded with frustrating slowness, according to bankers and government officials.
Contributed to the list of commercial banks such as Santander and BBVA, still seemed more viable than most of their international colleagues.
However, many of the 45 banks that were not included in the list of approved stock exchange turnover, and often under political influence of the regional savings bank, succumbed to the increasingly negative influence because of bad loans to builders and homebuyers in the boom years.
Santiago Lopez Diaz (Santiago López Díaz), a bank analyst at Credit Suisse in its critical report on the banks said that Dumb of them increased their branch network in recent years, which angered participated in the bankers. They have quadrupled their total assets in a decade, developers have increased the loan by a factor of 20, recording the extraordinary growth of 43% on these loans during the period between 2002 and 2007.
At the moment, this has led to an increase in bad loans, which require more investment, this effect of pressure on the merger and the growing concerns of foreign creditors, who own a greater part of the € 450 billion of mortgage securities issued by Spanish authorities.
Fernandez Ordonez told the Financial Times that the 15 banks should be merged with others in the spring of next year, also, he intends to use the new Spanish law "Frob", which established the Foundation for the orderly restructuring of banks, for such purpose, almost $ 99 billion.
For the first time in postwar history of Spain's banks are in the spotlight. "All previous crises were due to banks", - said Ordonez. "The current crisis has paralyzed the banking system, a new phenomenon and we need to adopt a new law."
Two of the expected merger - is rescued from the CCM Cajastur, and Unicaja with Cajasur, probably, will be held with the participation of € 4 billion, which had accumulated a bank deposit insurance fund, however, that money would soon be exhausted.
With the present moment, the Bank of Spain wants stronger bank structures financed acquisitions from its own resources, which is expected to occur between different banking institutions in Navarra, Rioja, Aragon and the Canary Islands, or the same for this purpose is proposed to hold a Frob .
Grants for the taxpayers' money Frob will be available only as a last resort; Ordonez also said that the authorities expect instead to see the restructuring and closure of branches to reduce costs.
Partially can say thank you to the Bank of Spain for its strict limits and closely monitored, due to which taxpayers do not spend anything to help the banks, "said Ordonez. "In our case, is very profitable, when 80% of large and medium-sized financial institutions in relatively prosperous" - he said.
Until now, property prices in Spain fall, we're ahead of many mergers and acquisitions in the financial sector. Thus Ordonez described the difficult task of supporting the reform of the banking sector, which does not affect the Spanish taxpayers.
The Financial Times
November 16
Canada's foreign trade deficit declined in September
Canada's foreign trade deficit declined in September
Saturday, November 14, 2009 6:15 AM
Canada's trade deficit fell in September to $ 927 million compared with $ 2.0 billion in the previous month.
Exports in September rose by 3,5% to $ 30.3 billion the volume of exports of Canadian goods and services continuously decreased from July 2008 and reached its minimum in May of this year. After this index rose in three of the last four months.
Automobiles, industrial goods and materials, products, machinery and equipment was the main sources of export growth in the reporting period.
The volume of imports into Canada fell in September to 0.1% to $ 31.2 billion, however, a decrease in imports in August and September failed to smooth out the sharp increase in the indicator, which was recorded in July this year.
The trade deficit in the United States rose sharply in September
Saturday, November 14, 2009 6:14 AM
According to the U.S. Department of Commerce, the country's foreign trade deficit increased in September at 18.2% to $ 36.5 billion
The published value of the index has surpassed forecasts of experts, who expected that the deficit will be $ 32.0 billion, is the most significant increase in the monthly trade deficit in percentage terms since February 1999.
In September, the volume of imports grew faster than export volumes. Foreign Trade Activity was restored to near pre-crisis level - the fall of 2008.
Saturday, November 14, 2009 6:15 AM
Canada's trade deficit fell in September to $ 927 million compared with $ 2.0 billion in the previous month.
Exports in September rose by 3,5% to $ 30.3 billion the volume of exports of Canadian goods and services continuously decreased from July 2008 and reached its minimum in May of this year. After this index rose in three of the last four months.
Automobiles, industrial goods and materials, products, machinery and equipment was the main sources of export growth in the reporting period.
The volume of imports into Canada fell in September to 0.1% to $ 31.2 billion, however, a decrease in imports in August and September failed to smooth out the sharp increase in the indicator, which was recorded in July this year.
The trade deficit in the United States rose sharply in September
Saturday, November 14, 2009 6:14 AM
According to the U.S. Department of Commerce, the country's foreign trade deficit increased in September at 18.2% to $ 36.5 billion
The published value of the index has surpassed forecasts of experts, who expected that the deficit will be $ 32.0 billion, is the most significant increase in the monthly trade deficit in percentage terms since February 1999.
In September, the volume of imports grew faster than export volumes. Foreign Trade Activity was restored to near pre-crisis level - the fall of 2008.
Do not believe that the world has changed Friday, November 13, 2009 9:23 AM Financial Analyst FxPro Alexander Kuptsikevich: Despite grand statements a
Do not believe that the world has changed
Friday, November 13, 2009 9:23 AM
Financial Analyst FxPro Alexander Kuptsikevich: Despite grand statements about the structural changes in the global economy in the world remains a very strong desire to leave everything as is. Chapter Geithner, U.S. Treasury this week repeated the old words of "strong dollar policy" and the responsibility of States to other states for such a course. Russia called on States to take concrete action.
Overloaded sales dollar FX market in the absence of news at first tried to grow on data from China, but soon strayed to the side of the dollar (perhaps a tribute Geitner), that is, adjusted the recent decline, falling to 1.4820. However, trade remained in the same range, while maintaining the uptrend in the pair euro / dollar, which is observed in March. Stock sites operated symmetrically, however, managed to update the annual maximum, but then retreated once in a quandary.
On the one hand, we have the growth of U.S. GDP to 0.9% in the third quarter, in Germany 0.7% France 0.3%, increased activity in the housing market and a clear reversal of the monthly labor market dynamics - it good news.
Bad lie in the fact that the unemployment rate in the United States, and around the world is very high, and further projections assume its subsequent growth is about a year.
The result is that growing consumer uncertainty that keeps lending costs and depressed. Oil reserves are growing, gas storage facilities are overcrowded. Growth States, Germany, France, and Russia leads frighteningly sharp rise in budget deficit. In many countries it is a record in relation to GDP for many years, but in terms of money and did the unprecedented. And in the foreseeable future, no one is going to refuse to stimulate the economy through tax breaks and maintenance of the labor market.
The deficits are growing, export-oriented countries receive support from the restoration of consumer countries and re-accumulate reserves. The only difference is that in Asia a few more "like" gold, which successfully updates the maximum after the maximum. But this does not prevent us back to the old trend: when the world economy grows, the dollar falls. Is it that this time it will be dynamic, because it benefits the U.S. and China. Target next week 1,51-1,5150 on EUR / USD, 28,50 on the USD / RUB. Gold will cost 1,130 dollars per ounce and oil $ 80 per barrel.
Friday, November 13, 2009 9:23 AM
Financial Analyst FxPro Alexander Kuptsikevich: Despite grand statements about the structural changes in the global economy in the world remains a very strong desire to leave everything as is. Chapter Geithner, U.S. Treasury this week repeated the old words of "strong dollar policy" and the responsibility of States to other states for such a course. Russia called on States to take concrete action.
Overloaded sales dollar FX market in the absence of news at first tried to grow on data from China, but soon strayed to the side of the dollar (perhaps a tribute Geitner), that is, adjusted the recent decline, falling to 1.4820. However, trade remained in the same range, while maintaining the uptrend in the pair euro / dollar, which is observed in March. Stock sites operated symmetrically, however, managed to update the annual maximum, but then retreated once in a quandary.
On the one hand, we have the growth of U.S. GDP to 0.9% in the third quarter, in Germany 0.7% France 0.3%, increased activity in the housing market and a clear reversal of the monthly labor market dynamics - it good news.
Bad lie in the fact that the unemployment rate in the United States, and around the world is very high, and further projections assume its subsequent growth is about a year.
The result is that growing consumer uncertainty that keeps lending costs and depressed. Oil reserves are growing, gas storage facilities are overcrowded. Growth States, Germany, France, and Russia leads frighteningly sharp rise in budget deficit. In many countries it is a record in relation to GDP for many years, but in terms of money and did the unprecedented. And in the foreseeable future, no one is going to refuse to stimulate the economy through tax breaks and maintenance of the labor market.
The deficits are growing, export-oriented countries receive support from the restoration of consumer countries and re-accumulate reserves. The only difference is that in Asia a few more "like" gold, which successfully updates the maximum after the maximum. But this does not prevent us back to the old trend: when the world economy grows, the dollar falls. Is it that this time it will be dynamic, because it benefits the U.S. and China. Target next week 1,51-1,5150 on EUR / USD, 28,50 on the USD / RUB. Gold will cost 1,130 dollars per ounce and oil $ 80 per barrel.
Martingail Breakdowning_v1 MT4 Expert Advisor
Martingail Breakdowning_v1 MT4 Expert Advisor
Tuesday, November 17, 2009 3:29 AM
Expert applying capital management method of Martingale.
Particularly experts - increases the loss-making arm, considering that the price will continue its movement, and not vice versa bounce off the level, ie the breakdown option. Much more stable and more stable than all other options.
Just a few comments:
* Parameter LogariphmicMM (when the MM) includes manimenedzhment when increasing the lot size of the deposit increases, but at a slower rate than the deposit, ie, the load on the deposit decreases. We must decide only Riskfactor;
* Parameter ProfitPercent defines the required size of our profit as a percentage of the depot. Since the series does not close at all levels and they can be separated by 200 points. However, if enabled OptimalTakeProfit, the size of the required profit increases by the square root of the maximum open lot. OptimalTakeProfit recommended.
* For those who want to try adviser on a real account, be sure to include Close_on_TP, then the series closes on TakeProfit and stop-loss. There, like all properly considered and bidam, and ASCAME ... If this option is off, the warrant simply closed to achieve the necessary profit;
* The selection of parameters: the euro is better to move about 20, ProfitPercent about 0,3-0,5. The taste and color. Per pound of step 30.
* Profitnost increases with decreasing step and the risk too;
* The initial orders are opened in both sides of the lot size is 0.1. They need only to reference the initial level.
Topic is discussed in detail in http://forum.alpari-idc.ru/thread24642.html.
New version. Added mode lights out (in contrast to the breakdown, when the ratio of equity / balance is less than 0.7), trailing stop is a profitable position. Podrdobno code is commented. Options well suited for a pound - Step 20, TrailingStop 30, ProfitPercent 0.5.
Download
Martingail Breakdowning_v1.mq4Martingail Breakdowning_v1 MT4 Expert Advisor
Tuesday, November 17, 2009 3:29 AM
Expert applying capital management method of Martingale.
Particularly experts - increases the loss-making arm, considering that the price will continue its movement, and not vice versa bounce off the level, ie the breakdown option. Much more stable and more stable than all other options.
Just a few comments:
* Parameter LogariphmicMM (when the MM) includes manimenedzhment when increasing the lot size of the deposit increases, but at a slower rate than the deposit, ie, the load on the deposit decreases. We must decide only Riskfactor;
* Parameter ProfitPercent defines the required size of our profit as a percentage of the depot. Since the series does not close at all levels and they can be separated by 200 points. However, if enabled OptimalTakeProfit, the size of the required profit increases by the square root of the maximum open lot. OptimalTakeProfit recommended.
* For those who want to try adviser on a real account, be sure to include Close_on_TP, then the series closes on TakeProfit and stop-loss. There, like all properly considered and bidam, and ASCAME ... If this option is off, the warrant simply closed to achieve the necessary profit;
* The selection of parameters: the euro is better to move about 20, ProfitPercent about 0,3-0,5. The taste and color. Per pound of step 30.
* Profitnost increases with decreasing step and the risk too;
* The initial orders are opened in both sides of the lot size is 0.1. They need only to reference the initial level.
Topic is discussed in detail in http://forum.alpari-idc.ru/thread24642.html.
New version. Added mode lights out (in contrast to the breakdown, when the ratio of equity / balance is less than 0.7), trailing stop is a profitable position. Podrdobno code is commented. Options well suited for a pound - Step 20, TrailingStop 30, ProfitPercent 0.5.
Download
Martingail Breakdowning_v1.mq4
Tuesday, November 17, 2009 3:29 AM
Expert applying capital management method of Martingale.
Particularly experts - increases the loss-making arm, considering that the price will continue its movement, and not vice versa bounce off the level, ie the breakdown option. Much more stable and more stable than all other options.
Just a few comments:
* Parameter LogariphmicMM (when the MM) includes manimenedzhment when increasing the lot size of the deposit increases, but at a slower rate than the deposit, ie, the load on the deposit decreases. We must decide only Riskfactor;
* Parameter ProfitPercent defines the required size of our profit as a percentage of the depot. Since the series does not close at all levels and they can be separated by 200 points. However, if enabled OptimalTakeProfit, the size of the required profit increases by the square root of the maximum open lot. OptimalTakeProfit recommended.
* For those who want to try adviser on a real account, be sure to include Close_on_TP, then the series closes on TakeProfit and stop-loss. There, like all properly considered and bidam, and ASCAME ... If this option is off, the warrant simply closed to achieve the necessary profit;
* The selection of parameters: the euro is better to move about 20, ProfitPercent about 0,3-0,5. The taste and color. Per pound of step 30.
* Profitnost increases with decreasing step and the risk too;
* The initial orders are opened in both sides of the lot size is 0.1. They need only to reference the initial level.
Topic is discussed in detail in http://forum.alpari-idc.ru/thread24642.html.
New version. Added mode lights out (in contrast to the breakdown, when the ratio of equity / balance is less than 0.7), trailing stop is a profitable position. Podrdobno code is commented. Options well suited for a pound - Step 20, TrailingStop 30, ProfitPercent 0.5.
Download
Martingail Breakdowning_v1.mq4Martingail Breakdowning_v1 MT4 Expert Advisor
Tuesday, November 17, 2009 3:29 AM
Expert applying capital management method of Martingale.
Particularly experts - increases the loss-making arm, considering that the price will continue its movement, and not vice versa bounce off the level, ie the breakdown option. Much more stable and more stable than all other options.
Just a few comments:
* Parameter LogariphmicMM (when the MM) includes manimenedzhment when increasing the lot size of the deposit increases, but at a slower rate than the deposit, ie, the load on the deposit decreases. We must decide only Riskfactor;
* Parameter ProfitPercent defines the required size of our profit as a percentage of the depot. Since the series does not close at all levels and they can be separated by 200 points. However, if enabled OptimalTakeProfit, the size of the required profit increases by the square root of the maximum open lot. OptimalTakeProfit recommended.
* For those who want to try adviser on a real account, be sure to include Close_on_TP, then the series closes on TakeProfit and stop-loss. There, like all properly considered and bidam, and ASCAME ... If this option is off, the warrant simply closed to achieve the necessary profit;
* The selection of parameters: the euro is better to move about 20, ProfitPercent about 0,3-0,5. The taste and color. Per pound of step 30.
* Profitnost increases with decreasing step and the risk too;
* The initial orders are opened in both sides of the lot size is 0.1. They need only to reference the initial level.
Topic is discussed in detail in http://forum.alpari-idc.ru/thread24642.html.
New version. Added mode lights out (in contrast to the breakdown, when the ratio of equity / balance is less than 0.7), trailing stop is a profitable position. Podrdobno code is commented. Options well suited for a pound - Step 20, TrailingStop 30, ProfitPercent 0.5.
Download
Martingail Breakdowning_v1.mq4
Retail sales in the U.S. increased by 1.4% in October
Retail sales in the U.S. increased by 1.4% in October
Tuesday, November 17, 2009 12:03 AM
The volume of retail sales in the U.S. grew in October at 1.4% due to higher car sales.
Sales of cars increased in the reporting period to 7.4%. Retail sales excluding auto sales rose in October at 0.2%. Economists had expected growth of this indicator on 0,3%. Sales of durable goods excluding automobiles were quite weak. In turn, sales of consumer goods in general have shown growth.
Growth of retail sales exceeded 1%, which was expected by experts. However, the October increase was smoothed negative value for the previous month, which was revised in the direction of a significant reduction.
Producer prices have fallen, but consumer prices are unlikely to decrease
Tuesday, November 17, 2009 12:02 AM
Today went Rosstat data, according to which producer prices of industrial production in Russia in January-October 2009 increased by 13,9% and inflation at the consumer market was 8.1%. Left commented on the financial data analyst FxPro Alexander Kuptsikevich.
Producer prices are a leading indicator of prices in the consumer market. This variability is reflected in consumer inflation with a delay. Retail players are often passed on to consumers the increased cost burden on the purchase of goods. But at the same time, as seen from the figures this year, it happens to a much lesser extent, because not only raw materials included in the price of goods and services.
In the conditions of Russia is somewhat different: if the prices of industrial goods and services vary greatly with the cycles of economic activity, the consumer prices, at best, do not grow or equal to zero. Month to month it strongly influences the dynamics, distorting it. So, by October last year, according to the Federal State Statistics Service, producers cut prices by 1,8% (in spite of the accumulated YTD growth of 13.9%), while consumer prices rose by 9,7%.
Very telling in this regard in January this year, when producer prices fell more than 3%, while the consumer rose by 2,0%. Since Russia's economy went in the direction of growth, and the government is planning greater spending for November and December, it most likely will increase consumer prices by 0,8-1,0% per month (the more so that producer prices rose consistently from February to September). This is historically the standard inflation rate for these months.
This year we are likely to get consumer prices by 10% per year. Inflation next year is likely to remain at 10-12% rather than 7 - 8% projected by the government.
Annual inflation in the euro area in October at the level of forecasts
Tuesday, November 17, 2009 12:00 AM
According to final data of the EU statistical agency Eurostat, the annual consumer price index for the euro area amounted to -0,1% in October compared with -0.3% in the previous month. A year earlier the rate of inflation in the eurozone reached 3.2%. In monthly terms, the consumer price index for October increased by 0,2%.
Annual consumer price index excluding prices for food, tobacco, alcohol and fuel (main index) was 1.2% for the reporting period. The value of the meet analysts' forecasts.
Mizuho holds bearish forecast for the dollar / yen
Monday, November 16, 2009 6:27 AM
As the currency analysts Mizuho, all indicators on daily charts the dollar / yen indicate bearish sentiment couples. The bank believes that trade within the formation of a "triangle", which is now the pair will soon end, and the dollar / yen falls dramatically to the key support level of 87.00, and then to a level of 85.00 in the week. As a strategy for bank analysts prefer to sell on the best exchange rate, reinforcing the position at 90.00, with a stop above 90.75 and short-term goals of 89.29/18 and 88.25/88.00. At the moment pair dollar / yen is at around 89.47.
BNP Paribas recommends buying euro / franc
Monday, November 16, 2009 6:26 AM
According to currency analysts BNP Paribas, the interest of the Swiss National Bank to currency intervention is likely to weaken, as the restoration of the Swiss economy is gaining momentum. However, consider a bank, in the case of a verbal intervention by the Central Bank of Switzerland, the reaction of pair euro / franc, which is now closer to the bottom of the range, can be quite significant. Thus, reducing the euro / franc at 1.5080 area in the bank is seen as a good opportunity to buy a pair. Currently, the euro / franc is trading at around 1.5090.
UBS recommended buying the dollar / yen
Monday, November 16, 2009 6:26 AM
As the currency analysts UBS, the Minister of Finance of Japan Fuji said that he was satisfied that the yield on Japanese government bonds again began to decline. As you know, since, as Fuji joined as finance minister, his views on the dollar / yen has changed - at the bank believe that Fuji and his adviser Goten would not tolerate further strengthening the national currency. Bank analysts also note concerns regarding the sustainability of the state budget in Japan, and believe that in such circumstances, the dollar / yen should buy, not sell. At the moment pair dollar / yen is trading at 89.54.
Tuesday, November 17, 2009 12:03 AM
The volume of retail sales in the U.S. grew in October at 1.4% due to higher car sales.
Sales of cars increased in the reporting period to 7.4%. Retail sales excluding auto sales rose in October at 0.2%. Economists had expected growth of this indicator on 0,3%. Sales of durable goods excluding automobiles were quite weak. In turn, sales of consumer goods in general have shown growth.
Growth of retail sales exceeded 1%, which was expected by experts. However, the October increase was smoothed negative value for the previous month, which was revised in the direction of a significant reduction.
Producer prices have fallen, but consumer prices are unlikely to decrease
Tuesday, November 17, 2009 12:02 AM
Today went Rosstat data, according to which producer prices of industrial production in Russia in January-October 2009 increased by 13,9% and inflation at the consumer market was 8.1%. Left commented on the financial data analyst FxPro Alexander Kuptsikevich.
Producer prices are a leading indicator of prices in the consumer market. This variability is reflected in consumer inflation with a delay. Retail players are often passed on to consumers the increased cost burden on the purchase of goods. But at the same time, as seen from the figures this year, it happens to a much lesser extent, because not only raw materials included in the price of goods and services.
In the conditions of Russia is somewhat different: if the prices of industrial goods and services vary greatly with the cycles of economic activity, the consumer prices, at best, do not grow or equal to zero. Month to month it strongly influences the dynamics, distorting it. So, by October last year, according to the Federal State Statistics Service, producers cut prices by 1,8% (in spite of the accumulated YTD growth of 13.9%), while consumer prices rose by 9,7%.
Very telling in this regard in January this year, when producer prices fell more than 3%, while the consumer rose by 2,0%. Since Russia's economy went in the direction of growth, and the government is planning greater spending for November and December, it most likely will increase consumer prices by 0,8-1,0% per month (the more so that producer prices rose consistently from February to September). This is historically the standard inflation rate for these months.
This year we are likely to get consumer prices by 10% per year. Inflation next year is likely to remain at 10-12% rather than 7 - 8% projected by the government.
Annual inflation in the euro area in October at the level of forecasts
Tuesday, November 17, 2009 12:00 AM
According to final data of the EU statistical agency Eurostat, the annual consumer price index for the euro area amounted to -0,1% in October compared with -0.3% in the previous month. A year earlier the rate of inflation in the eurozone reached 3.2%. In monthly terms, the consumer price index for October increased by 0,2%.
Annual consumer price index excluding prices for food, tobacco, alcohol and fuel (main index) was 1.2% for the reporting period. The value of the meet analysts' forecasts.
Mizuho holds bearish forecast for the dollar / yen
Monday, November 16, 2009 6:27 AM
As the currency analysts Mizuho, all indicators on daily charts the dollar / yen indicate bearish sentiment couples. The bank believes that trade within the formation of a "triangle", which is now the pair will soon end, and the dollar / yen falls dramatically to the key support level of 87.00, and then to a level of 85.00 in the week. As a strategy for bank analysts prefer to sell on the best exchange rate, reinforcing the position at 90.00, with a stop above 90.75 and short-term goals of 89.29/18 and 88.25/88.00. At the moment pair dollar / yen is at around 89.47.
BNP Paribas recommends buying euro / franc
Monday, November 16, 2009 6:26 AM
According to currency analysts BNP Paribas, the interest of the Swiss National Bank to currency intervention is likely to weaken, as the restoration of the Swiss economy is gaining momentum. However, consider a bank, in the case of a verbal intervention by the Central Bank of Switzerland, the reaction of pair euro / franc, which is now closer to the bottom of the range, can be quite significant. Thus, reducing the euro / franc at 1.5080 area in the bank is seen as a good opportunity to buy a pair. Currently, the euro / franc is trading at around 1.5090.
UBS recommended buying the dollar / yen
Monday, November 16, 2009 6:26 AM
As the currency analysts UBS, the Minister of Finance of Japan Fuji said that he was satisfied that the yield on Japanese government bonds again began to decline. As you know, since, as Fuji joined as finance minister, his views on the dollar / yen has changed - at the bank believe that Fuji and his adviser Goten would not tolerate further strengthening the national currency. Bank analysts also note concerns regarding the sustainability of the state budget in Japan, and believe that in such circumstances, the dollar / yen should buy, not sell. At the moment pair dollar / yen is trading at 89.54.
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