FXstreet.com: Fundamental: Fundamental Analysis Reports

Eventful day ahead for the Euro and Pound

admin@tradervox.com (Tradervox.com) — Thu, 09 Feb 2012 12:34:14 GMT

The Euro surged during the Asian session on the hopes of Greek deal. The pair went above 1.3300 levels to print a high of 1.3311. But in the early hours of European session, it has lost the steam and come below 1.3300 levels on news that Greek unions have announced a strike of 2 days from Friday in protest of austerity measures in the swap deal proposed by troika. It is currently trading at 1.3270, marginally up from yesterday’s open. The support may be seen at 1.3270 and below at 1.3230. The

No Major News Expected Out of North America Today

admin@tradervox.com (Tradervox.com) — Thu, 09 Feb 2012 12:30:23 GMT

Finally the dollar got going on the right foot which is an unusual sight. As a result of a severe lack of economic reports coming out of the United States, investors turned their entire focus yesterday to the Greek debt deal. Worryingly for investors once more a deal was not still reached. Possibly that is the reason we saw the EUR/USD rise by just 5 pips while GBP/USD dropped a whopping 82 pips to close the day at 1.5819. Investors continue to worry about the Greek and European leaders

RBA Keeps Interest Rates Constant

admin@tradervox.com (Tradervox.com) — Thu, 09 Feb 2012 12:26:48 GMT

With an announcement that shocked most analysts, the Reserve Bank of Australia (RBA) came to the conclusion that they will maintain interest rates at 4.25%. This was directly opposite to market anticipation that the RBA will slash interest rates for the third time in a row. We take a look at the cause and impacts of the move. The thinking of most analysts was that as a result of the Euro zone debt problem and its consequences effect on global demand, the RBA will have been forced to slash

Greece's "Last Minute" Incomplete Deal

marketpulsefx@oanda.com (OANDA Corporation) — Thu, 09 Feb 2012 12:26:53 GMT

Greek Finance Minister Evangelos Venizelos is in Brussels today. He brings an incomplete deal on austerity measures to Euro zone finance ministers, and they must decide whether Greece has already done enough to receive a bailout package needed to prevent the country default. Venizelos said he hoped they would make a positive decision. “A Greek default will not be on the agenda of today’s emergency finance ministers’ meeting, which starts at 6 p.m. in Brussels”, said a euro zone official. A

Gold Will Advance to $2,500 If Euro Zone Breaks Up - Capital Economics

info@goldcore.com (GoldCore) — Thu, 09 Feb 2012 12:03:50 GMT

Gold’s London AM fix this morning was USD 1,733.00, EUR 1,304.77, and GBP 1,094.20 per ounce. Yesterday's AM fix was USD 1,743.00, EUR 1,315.17, and GBP 1,095.95 per ounce. Cross Currency Table – Bloomberg Gold tested yesterday's lows near $1,725/oz in early trading in Asia prior to ticking higher to $1,740 towards the end of the trading day with surprisingly strong inflation figures from China helping. Gold corrected to $1,730/oz as markets in Europe opened and has traded in a range

Daily Crosses Fundamental: EUR/CHF, EUR/GBP, AUD/USD, USD/CAD, NZD/USD

info@fxempire.com (FXEmpire.com) — Thu, 09 Feb 2012 12:30:48 GMT

EUR/CHF Forecast Fundamental Analysis Economic Events: (GMT) 09:30 GBP Industrial Production (MoM) 0.2% -0.6% Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. 09:30 GBP Manufacturing Production (MoM) 0.3% -0.2% Manufacturing Production

Daily Majors Fundamental: EUR/USD, USD/JPY, GBP/USD, USD/CHF

info@fxempire.com (FXEmpire.com) — Thu, 09 Feb 2012 11:51:38 GMT

EUR/USD Forecast Fundamental Analysis Economic Events: (GMT) 09:30 GBP Industrial Production (MoM) 0.2% -0.6% Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as

Markets await key rate decisions from BOE and ECB

sales@tradethenews.com (TradeTheNews.com) — Thu, 09 Feb 2012 11:06:15 GMT

European Market Update: Markets await key rate decisions from BOE and ECB; Eurogroup meeting unlikely to make any concrete decision on Greece today Economic Data - (ID) Indonesia Central Bank cuts Reference Rate by 25bps to 5.75%; Not expected - (EU) ECB: €1.8B borrowed in overnight loan facility v €1.9B prior; €494.7B parked in deposit facility vs. €495.4B prior - (RU) Russia Gold & Forex Reserve w/e Feb 3rd: $507.3B v $504.0B prior - (CH) Swiss Jan SECO Consumer Confidence: -19 v -22e -

China: Acceleration in inflation should prove temporary

danskeresearch@danskebank.com (Danske Bank A/S) — Thu, 09 Feb 2012 10:31:31 GMT

Inflation in January accelerated markedly from 4.1% y/y to 4.5% y/y, but this appears to be solely due to seasonal distortions from the Chinese New Year holiday. A continued decline in producer price inflation and subdued core inflation suggest that the downward trend in inflation remains intact. Hence, the acceleration in inflation should prove temporary and we still expect inflation to drop below 3.5% y/y by mid-2012. Nevertheless, the unexpected large increase in inflation in

U.K. trade deficit narrows, manufacturing and industrial production improve in December

support@ecpulse.com (ecPulse.com) — Thu, 09 Feb 2012 10:17:43 GMT

After markets were mixed and fluctuating heavily, the United Kingdom released the trade balance and the industrial and manufacturing production figures for December, which added positivity to the market and supported the sentiment to improve slightly, yet cautiousness is still seen as markets are waiting for the European Central Bank and the Bank of England rate decisions. Optimism dominated the market after the data showed that the U.K trade deficit narrowed beyond expectations in December,

Policy makers rue Chinese New Year

info@fxpro.com (FxPro) — Thu, 09 Feb 2012 09:24:54 GMT

In a major blow to hopes that Chinese policy officials would sanction a further easing of financial conditions, inflation in January rose to 4.5% YoY, up from 4.1% in the final month of 2011 and well above expectations. In the month of January alone, prices were up by 1.5%, which represents the largest monthly increase since 2008. Part of the explanation for the higher rate of prices growth is the distortion from the Chinese New Year, which often triggers a surge in spending. Even so, what

Central bankers take centre stage while Greek issues lurk in the wings

info@forex.com (FOREX.com) — Thu, 09 Feb 2012 09:25:26 GMT

London Update Central bankers take centre stage while Greek issues lurk in the wings The biggest events of the day should be the meetings of the Bank of England and the European Central Bank. We should be concentrating on the prospect of GBP50 bn of asset purchases from the BOE and further soothing words from dapper Draghi as he shows his commitment to throwing everything bar the kitchen sink to prevent a credit crunch in the currency bloc. But instead Greek politicians who have been meeting

Germany does not have any Plan B for Greece-Dep

vtsaprounis@zulutrade.com (ZuluTrade) — Thu, 09 Feb 2012 08:45:48 GMT

Good Morning - Asian stocks and the euro recovered earlier losses after Greek leaders said they are nearing a full agreement on a rescue plan. Oil rose as much as 0.4 percent after U.S. stockpiles climbed less than forecast. - Greek Finance Minister Evangelos Venizelos said there is still uncertainty on the terms of a 130 billion-euro ($172 billion) rescue package for his country ahead of a meeting of euro area finance ministers today. "There are issues outstanding that must be resolved

They very temporary moved the overall market

piet.lammens@kbc.be (KBC Bank) — Thu, 09 Feb 2012 08:36:58 GMT

Markets: fixed income On Wednesday, global core bonds had a tight sideways trading session, as had EUR/USD and more or less equities too, which were left with some very minor losses in the close. In the US, yields rose less than 1 bps across the curve with the 5-year the exception (+ 2 bps). Marginally higher losses in Germany where yields rose by 1.2 to 2.6 bps. The German Bobl and the US 10-year Note auctions were plain vanilla. They very temporary moved the overall market, but without

Eyes to focus on ECB and BoE rate decisions

support@ecpulse.com (ecPulse.com) — Thu, 09 Feb 2012 07:25:16 GMT

Today, the main focus will be on rate decisions by the two big European Central Banks, the ECB and BoE, as monetary changes could take place this month. Starting with the ECB, although expectations refer that the ECB will keep interest rate at 1.00% in February, important notices may be given by ECB President Mario Draghi regarding the changes in the collateral that the bank will accept in its liquidity operations, in addition to other possible talks about the fiscal compact.

Risk appetite returns with higher Chinese inflation

sales@tradethenews.com (TradeTheNews.com) — Thu, 09 Feb 2012 07:25:36 GMT

Asian Market Update: Risk appetite returns with higher Chinese inflation and an almost solution in Greece Economic Data - (CN) CHINA JAN CONSUMER PRICE INDEX (CPI) M/M: 1.5% V 1.0%E; Y/Y: 4.5% V 4.0%E (first rise in 6 months and 3-month high) - (NZ) NEW ZEALAND Q4 UNEMPLOYMENT RATE: 6.3% V 6.5%E (lowest since Q1 of 2010); EMPLOYMENT CHANGE Q/Q: 0.1% V 0.4%E; Y/Y: 1.6% V 1.9%E; PARTICIPATION RATE Q/Q: 68.2% V 68.5%E - (CN) CHINA JAN PRODUCER PRICE INDEX (PPI): Y/Y: 0.7% V 0.8%E (6th consecutive

Hartford Financial is surging on excellent profits

sales@tradethenews.com (TradeTheNews.com) — Thu, 09 Feb 2012 05:26:58 GMT

US Market Update: DJIA -47 S&P500 -4 NASDAQ -8 Economic data - (PL) Poland Central Bank leaves Base Rate unchanged at 4.50%; as expected - (CL) Chile Jan CPI M/M: 0.1% v 0.2%e; Y/Y: 4.2% v 4.3%e; CPI Ex Perishables & Fuel M/M: 0.1% v 0.3%e - (US) MBA Mortgage Applications w/e Feb 3rd: +7.5% v -2.9% prior - (CA) Canada Jan Housing Starts: 197.9K v 194.0Ke v - (BR) Brazil Jan Commodity Price Index M/M: +0.6% v -0.5% prior; Y/Y: -4.5% v -0.4% prior - (US) DOE Crude: +305K v +2.5Me;

U.K. Industrial Production (December)

no-reply@ibtimes.co.uk (IBTimes) — Thu, 09 Feb 2012 05:19:54 GMT

INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on Online Censorship Measures, RBS CEO on Bonus, iPads for MPs List of companies earnings which hit and miss the analysts‟ expectations Economic Events Scheduled on 9 February, 2012 Economic Indicators U.K. Industrial Production (December) Mortgage and Landlord Possession Statistics (Q4) U.K. Trade (December) B oE Interest Rate Decision (February) NIESR GDP Estimates (January) Corporate Events

A Better Future for Price Predictions

info@pfgbest.com (PFGBEST) — Thu, 09 Feb 2012 04:50:14 GMT

The Energy Information Agency came out with their latest Short Term Energy Outlook and I was glad to see that they are using the futures markets to improve their market forecasts. While the EIA has done a phenomenal job in the past providing the industry and traders with valuable information, it seemed that their price projections were always a bit behind the curve. More often than not, especially during the days of the strong bull petroleum market, it seemed that the Energy Information Agency

Crude rose past 98

customer@avafx.com (Ava FX) — Wed, 08 Feb 2012 22:23:53 GMT

Crude rose past 98 and might test 100 while above 98. Gold rose from near 1700 and might test 1775 and then 1800 in the next sessions. Silver is trading in between 33.00 to 34.50.

Dow rose 0.26%

customer@avafx.com (Ava FX) — Wed, 08 Feb 2012 22:21:08 GMT

The Dow rose 0.26% and the NASDAQ rose by 0.07%. The DJIA has key support at 12780. We might test 14000 over the coming sessions. The Nikkei rose 0.70%, Shanghai was up 0.15%, Hong Kong rose by 0.50%, Taiwan increased 1.50% and Australia rose 0.23%.

Aussie trading between 1.0765 to1.0825

customer@avafx.com (Ava FX) — Wed, 08 Feb 2012 22:19:12 GMT

The Euro has broken its sideways range of 1.3000 to1.3200 might test the 21 Day MA and resistance level at 1.3340. The Aussie trading between 1.0765 to1.0825 after recovering from 1.0700. Cable might test the 200DMA at 1.5934 next. USDJPY might test 77.30 then 77.50 if it moves above 77.00. USDCHF dropped off a bit but is still ranged from 0.9100 to.9250.

Insights from Two Voting Members of 2012 FOMC

webmaster@ntrs.com (Northern Trust) — Wed, 08 Feb 2012 22:17:31 GMT

President John Williams of the San Francisco Federal Reserve Bank, a voting member of the FOMC in 2012, presented his views about the economy and Fed policy today, which contain several important nuggets of information, particularly given the new information from the Fed following the January 24-25 FOMC meeting. He indicated explicitly that he is a 2014 Club member, not a surprise because this information was part of the FOMC policy statement. His remarks touched on several aspects that are

The Greek odyssey

info@fxpro.com (FxPro) — Wed, 08 Feb 2012 14:18:56 GMT

So, the farce in Greece continues, but there is good news in reports emerging (e.g. Wall Street Journal) that the ECB is going to give up some ground in relation to its bond holdings, although no official comment on this as yet. The issue has proven to be a key sticking point (see blog last week ‘The ECB will have to yield on Greece’), but it now appears that the central bank will undertake an exchange with the EFSF (for EFSF bonds), so that the ECB will not make any profit on its holdings.

With QE3 Expect Dollar to Fall Further

admin@tradervox.com (Tradervox.com) — Wed, 08 Feb 2012 14:11:53 GMT

Investors with a high hopes of a Greek deal have been dealt with a definite boost as reports that the European central bank is willing to exchange its Greek Bond investments with a possible loss of some significant profit in order to ease the burden on the Greek government and see a swift and fast end to the Greek debt crisis. Combine this with the renewed fears expressed by the Fed and you have got a strengthening euro and weakening dollar. History tells us when risk appetite increases for the

Gold Increased In Value In Both Extreme Inflationary and Deflationary Scenarios (1900-2011) - Credit Suisse & LBS Research

info@goldcore.com (GoldCore) — Wed, 08 Feb 2012 13:43:56 GMT

Gold’s London AM fix this morning was USD 1,743.00, EUR 1,315.17, and GBP 1,095.95 per ounce. Yesterday's AM fix was USD 1,720.00, EUR 1,308.98, and GBP 1,087.56 per ounce. Cross Currency Table – Bloomberg Gold has again seen the pattern of recent days, months and years of strength in Asia followed by weakness in Europe. Gold’s 1.5% gain yesterday came as Ben Bernanke spoke regarding the slow US economy and need for continued loose monetary policy. Gold broke through a resistance level

Daily Crosses Fundamental: EUR/CHF, EUR/GBP, AUD/USD, USD/CAD, NZD/USD

info@fxempire.com (FXEmpire.com) — Wed, 08 Feb 2012 13:59:58 GMT

EUR/CHF Forecast Fundamental Analysis Economic Events: (GMT) There are no major economic events scheduled in Europe or the USA on Wednesday. 06:45 CHF Unemployment Rate 3.1% 3.1% Analysis and Recommendations: EUR/CHF is trading trading at 1.2102 moving up from 1.2063. The euro began skyrocketing today on news that a Greek agreement was in the final stages. According to the Financial Times, Papademos has submitted a “final draft” of the terms of the bailout to party leaders, who are set to

Greece missed the dead line again!

uksales@xtb.com (XTB UK) — Wed, 08 Feb 2012 12:32:22 GMT

Greek Prime Minister Lucas Papademos is set to negotiate with leaders of the political parties supporting his government after Greece missed yet another deadline to secure a second rescue package. Papademos held an unscheduled meeting late last night with troika, the European Commission, the European Central Bank and the IMF, to put the final touches on terms required for a 130 billion Euro rescue package. Efforts to win a second bailout from the troika have hung in the balance over the past

Euro Hits Eight Week-High as Crisis Talk Progress

admin@tradervox.com (Tradervox.com) — Wed, 08 Feb 2012 12:20:41 GMT

The speculation of progress in the Greece crisis catapulted the Euro to an eight-week high on a day that saw the yen fall against major currency. Investors were looking forward to positive results from Greece in its efforts to meet the requirements required for Greece to get financial aid. The Greek Premier is expected to three political party leaders in Athens to discuss the way forward. Jane Foley, a senior strategist at Robobank International said that many investors are viewing the

Economic Fact Book: Denmark

danskeresearch@danskebank.com (Danske Bank A/S) — Wed, 08 Feb 2012 12:19:24 GMT

Denmark is the 18th richest country in the world measured by GDP per capita (purchasing power parity-based) in 2010. During the financial crisis in 2008/09, the Danish economy was hit hard. Uncertainty led to increasing savings and declining private consumption and the international crisis forced Danish exports down to a level that had not been seen since the beginning of 2005. Since then, exports have been the driving force behind economic growth. This was mostly due to the rapid recovery in

Market awaits the fate of Greek deal

admin@tradervox.com (Tradervox.com) — Wed, 08 Feb 2012 12:17:09 GMT

Euro traded in a tight range quietly during the Asian session. During the early European session, the single currency surged on the hopes of Greek deal agreed soon. The pair printed a high of 1.3288. If 1.3300 is taken out, the focus will be on a level of 1.3450. The support may be seen at 1.3250 and 1.3200. The resistance may be seen at 1.3270 and 1.3370. Trade balance data from Germany came below the expectation at 13.9 billion Euros against the expected value of 14 billion Euros. Like Euro,

No EURO Freeze just Squeeze

marketpulsefx@oanda.com (OANDA Corporation) — Wed, 08 Feb 2012 12:15:42 GMT

A Greek deal is almost here again, maybe tomorrow or Friday or next week! It’s like dealing with an adolescent teen and their irreverent actions. Accountability and big picture politics do not seem to be included in the Greek decision process, otherwise there would be a greater sense of urgency and unity rather than domestic discord and non decisions. Despite all this, the hint, the potential, the wanting has the EUR bid over the past two sessions, allowing it to print a two-month high. The

Sweden: the Riksbank's Company Survey

danskeresearch@danskebank.com (Danske Bank A/S) — Wed, 08 Feb 2012 11:38:16 GMT

The market has scaled back expectations of rate cuts of late, both for the February meeting, where currently 16bp is priced in, and for the year, some 60bp compared with about 85bp at the peak few weeks ago. Today’s report underlines that demand - especially in manufacturing - declined late last year and that it is expected to deteriorate further over the next six months. Construction - normally a cyclically late sector - expects a decline in housing production going forward, while retailers

Risk on sentiment remains in vogue

sales@tradethenews.com (TradeTheNews.com) — Wed, 08 Feb 2012 11:33:47 GMT

Economic Data - (EU) ECB: €1.9B borrowed in overnight loan facility v €1.8B prior; €495.4B parked in deposit facility vs. €503.4B prior - (CH) Swiss Jan Unemployment Rate: 3.4% v 3.5%e; Unemployment Rate Seasonally Adj: 3.1% v 3.1%e - (DE) Germany Dec Current Account: €19.3B v €15.2Be; Trade Balance: €12.9B v €13.; Exports M/M: -4.3% v -1.0%e; Imports M/M: -3.9% v +0.8%e - (FR) Jan Bank of France Business Sentiment: 96 v 96e - (FR) France Dec Central Govt. Balance: -€90.8B v -€90.8Be - (CZ)

The global economy revealed a bit more resilience at the start of the year

sam.bullard@wachovia.com (Wells Fargo Investments, LLC) — Wed, 08 Feb 2012 10:13:48 GMT

U.S. Overview Domestic Expansion in the Face of Global Risks Real economic growth of 2 to 2.5 percent, with moderate inflation, characterizes the expansion as has been the story for some time. One result of this outlook is our expectation that the Federal Reserve will continue with its low federal fund rate benchmark for this year. Long-term benchmark rates are expected to rise, as the risk-on trade increases with fewer expectations for a double-dip recession in the United States and a

Greek Problem Overshadows Other Euro Zone Reports

admin@tradervox.com (Tradervox.com) — Wed, 08 Feb 2012 09:35:10 GMT

Yesterday saw the USD fall sharply against the euro amid more speculation about the Greek debt deal. Reports emerged that the Greek government is in the final phase of putting together a final dossier on the actions they shall take in order to avoid a default. EUR/USD stood firm although more reports emerged that the meeting in which the final decisions are to be taken was postponed to Wednesday. The USD index which gives us a measure of USD strength against six other major currencies saw a

Have the Europeans ring-fenced Greece?

info@forex.com (FOREX.com) — Wed, 08 Feb 2012 09:06:32 GMT

London Update Have the Europeans ring-fenced Greece? The positive momentum in the markets is continuing today. Stocks are set to open higher in Europe and the euro is testing 2-month highs at 1.3260/70. What is more remarkable is that the surge higher in the euro at the London close yesterday was due to optimism that a deal had been reached between the Greek political parties agreeing on further spending cuts and austerity measures, however yesterday’s “deadline” was ultimately missed and

EMU: German production shows biggest drop in 3 years

piet.lammens@kbc.be (KBC Bank) — Wed, 08 Feb 2012 08:54:09 GMT

German industrial production unexpectedly dropped in December. On a monthly basis, German production fell by 2.9% M/M, the biggest drop in almost three years, while the consensus was looking for stabilization. The previous figure was modestly upwardly revised from - 0.6% M/M to 0.0% M/M. The details show that weakness was broadbased in December as production fell in the manufacturing (-2.7% M/M) and construction (-6.4% M/M) sector and also energy production dropped (by 2.2% M/M). Within the

Asian stocks rose for a third day

vtsaprounis@zulutrade.com (ZuluTrade) — Wed, 08 Feb 2012 08:43:10 GMT

Good Morning, - Asian stocks rose for a third day after Toyota Motor Corp. raised its profit forecast, while the euro traded near an eight-week high as Greek leaders worked on a rescue plan with creditors. The yen weakened against the dollar after Japan's current-account surplus slid to a 15-year low. - Greek parties will try yet again today to strike a reform deal in return for a new international rescue to avoid a chaotic default, after a string of delays which have prompted some EU leaders

Global core bonds sold off on signs that a Greek deal nears

piet.lammens@kbc.be (KBC Bank) — Wed, 08 Feb 2012 09:03:02 GMT

Markets: fixed income On Tuesday, Global core bonds sold off on signs that a Greek deal nears. It was the only important intra-day move global core bonds (and EUR/USD) made. Non-core EMU bonds did relatively well. It may show that investors are willing to put the Greek issue aside and are still more oriented towards embracing riskier assets. The price action might still be an after-result of the strong payrolls published last Friday that hit bond sentiment, just when US Treasuries and Bunds