Forex Markets - money

Bush Administration and Bank of America to Buy Merrill Lynch was forced

2009-06-14T02:10:00.000-07:00

America's largest banks are Bank of America Chairman of the Board's financial situation last year failed to buy Merrill Lynch in the direction of the pressure on the Bush government said.
Members of Congress to make a statement that Kenneth Lewis, the Minister of Finance of the Bush administration by Henry Paulson, Merrill Lynch were forced to purchase, otherwise with their other duties of board members will be taken in the direction they were threatening announced.
For the two banks merged, the U.S. government spent 20 billion dollars.
Lewis, however, shares of Merrill Lynch financial situation has been difficult to keep the news of the rejected information. Bank of America president, during that time period to buy Merrill Lynch to stop the economy worse, he also concerned said.

OPEC oil was left behind for the worst

2009-06-14T02:06:00.000-07:00

Organization of Petroleum Exporting Countries (OPEC), oil inventories in their increasingly expected to be reported to the normal level.

Global oil consumption forecasts for this year, the OPEC lowered once again, on an annual basis, 1.62 million barrels a day to reduce 2009 consumption of 83.8 million barrels was envisaged.

OPEC Monthly Oil Market Report assessed, "We must be the worst days were behind. Must have seen the peak of the stock" was said, and seasonal demand, a gradual decline in oil inventories to create specified.

OPEC excluding Iraq, total daily production of assessed amount of 25.78 million barrels in April, when, in May rose to 25.90 million barrels.

The crude oil price watch very turbulent 2008 to 147 dollars per barrel seen in July, but in December had fallen to around 32 dollars. Prices then rose to twice that level. Indicators of U.S. crude oil price today was watching TSI 1345'te around 71.50 dollars.

Last year 4.2 million barrels per day production, the demand for the world until about 5 per cent reduction has been decided that the OPEC, supply more effort into the market rally of the world and all of the oil stocks are falling will provide.

ECRI: "U.S. Economic Growth Index to the highest output of 34 weeks"

2009-06-14T02:04:00.000-07:00

Economic cycle in the U.S. Research Institute (ECRI), the leading indicators index increased weekly. Accordingly, the index on the week of June 05 the level of 113.5 from 115.4 the previous week 'e çıktı. Annual display - 7.1% from the level - 4.7% to increase. ECRI General Manager Rakamlari evaluate Lakshman Achutha, "Index of the developments envisaged revival was quickly revived
has shown, "he spoke.

Euro area at a rate of 21 per cent decline in the industry

2009-06-14T02:03:00.000-07:00

In the Euro area, including sixteen of the country industrial production, 21.6 per cent contraction in the month of April as the date had the hardest fall.
Euro zone industrial production in January at 16.5 percent, 19.1 percent in the month of February and March had decreased 19.3 percent. According to EU statistics agency Eurostat'ın data, industrial production in April declined 27-member EU is 19.4 percent. The most rapid decline in April industrial production 33.7 percent of the EU members' yle Estonia, 24.9 per cent with Slovenia, 24.5 percent with Lithuania, 24.2 per cent 'd, and Italy 23.2 per cent' d been ranked as Germany. In this period of industrial production in Spain, 19.7 percent, 19.4 percent in France, the Netherlands 17.2 per cent and 12.3 per cent in the UK has experienced loss.

Better than not bad enough

2009-06-07T07:31:00.000-07:00

Non-agricultural employment in the economy of the United States in May, below expectations while the unemployment rate of serious rise in Wall Street is confused.

Some economists and data can be perceived positively, to reflect delayed recovery of the unemployment, figures in the 4th s defense will increase in a quarter.

Some of the expectations of analysts in the agricultural employment increased unemployment, but anxious to increase the half-points.

Wall Street in recent times in terms of positive data, and "bad than good" was evaluated in the direction of the data retrieval. Latest unemployment numbers might start to change this perception revealed.

Indexing after the start of the day to purchase up to the close of this course is difficult to maintain. With the S & P 500 and Nasdaq on sales profit decline was closed. However, the indexes managed to close in the third week plus.

Last week, the Dow Jones 3%, 2% S & P 500, NASDAQ has been completed by 4% rise.

U.S. stock market, the monthly employment data to assess the conflicting marks to the side of investors S & P 500 and NASDAQ captured a decrease in the Dow Jones experienced a slight rise, while the day was complete. Investors, the market's recent rise to receive the earnings in the last period has been directed to sales of shares outstanding.

Employment data for the month of May with investors evaluate the results of a wavy course, the market was in the beginning, but later dropped the trend has been the rise.

Ministry of Labor in May, the U.S. non-agricultural employment decreased 345 thousand announced. The data was well below analysts estimates. However, with 9.4% unemployment rate in the United States since 1983 reached the highest level.

In particular, the increasing unemployment rate, even after the last recovery point for the U.S. economy, revealed that the protection of uncertainty.

Investors, the market gained in the last period for materials, energy, financial and technology shares in the profits were directed to sell.

Chevron shares and 0.6% for 5.5% Newmont Mining shares lost 2.3% while JP Morgan shares declined.

Dow Jones Industrial% 0.15 value at the 8.763 level, Standard & Poor's 500 Index lost% 0.25 for the 940.09 level and the Nasdaq Composite Index lost 1.849% at the level of 0:03 for the day was complete.

World's largest chip manufacturer Intel in global chip sales will decline toward an estimated 1.3% decline, after losing for the Nasdaq stock has been assessed most.

Semiconductor shares index declined nearly 2%.

The world's largest retailer Wal-Mart's shares for 15 billion dollars back to make a purchase, but the company's shares announced by the gain value was 0.4%.

Trend rise in U.S. treasury bonds usually took weeks. 3.83% week 10 year-term bonds with interest rates were close. This term interest rates around 3% in two weeks.

Economic growth in Russia is expected

2009-06-07T07:29:00.000-07:00

Assistant Finance Minister Andrey Klepaç Russia, the Russian economy in 2010 to 1.2 per cent - a growth of 1.3 would occur, he said. 7 percent in the period 2000-2008 average growth in the economy of Russia, between 8-10 per cent in 2009 is expected to shrink.

For long-term growth in the economy of Russia will be effective until the process of restructuring the Klepaç, "small-scale growth in the near future to look forward. But the 10 percent growth in the 4-5'lik can not see." he said. Then known as Russia's Davos St. Petersburg economic forum since 1997, is ongoing. Representatives from 70 countries participated in the forum was negotiated solution to the global economic crisis.

Russia World Bank and the Minister of Finance Aleksey Kudrin, such as the International Monetary Fund has recommended the restructuring of global financial organizations. Russian President Dmitri Medvedev in his speech also want to do work on the new reserve was established.

The first time Russia summit held in the framework of the International Grain Forum. Petroleum and natural gas outside of Russia who want to diversify export products, the importance of grain is exported. Russia more than 50 countries in 2008 to beat the record by 20 million metric tons of grain was exported.

3-4 years is provided in confidence to Ruble

2009-06-07T07:27:00.001-07:00

Russia because of the Minister of Finance Aleksey Kudrin yaşanan controlled economic crisis after the devaluation, 3-4 rubles per year, but the right can be trusted announced. St. Petersburg International Economic Forum held in participating in the evaluation Kudrin, "after such a crisis, we need 3-4 years to secure national rules." he said.

Ruble's international reserves to be established financial system, the legal infrastructure to make changes and macroeconomic indicators well have addressed that with Kudrin, "Ruble's reserves to be established budget deficit and inflation is low, the balance of payments of the stable should be." has identified.

To prevent the rapid decline of the ruble spend 30 billion dollars in 2010 Russia Central Bank to implement a course to put more liberal. Accordingly, the ruble against the dollar and euro basket by the value in the 26-41 level will be expanded.

Reserves are expected to COMPLETED EARLY

The world's third largest reserves after China and Japan have the economic crisis caused by Russia's reserves are continuing to thaw. The economic forum Kudrin noted that the table is larger than expected, scheduled for 2010 worth $ 7 billion of debt exceeds the target can be made. To give 10 billion dollar IMF Kudrin predicted support will be delayed a year reminded.

Soviet period, oil and natural gas revenues with the remaining external debt is running close to Russia's foreign debt has also increased. As of May 1 outside of the public debt increased by 7.8 percent to $ 41.5 billion was reached. At the end of 2009 and is continuing to increase the budget deficit. Year-end target of 9 per cent of gross national hasıla. Russia's reserve fund or to 3.127 trillion rubles (100 billion dollars) declined. For the first six-month period, the amount spent in the budget deficit is 1.6 trillion rubles.

EUR/USD

2009-06-07T07:25:00.001-07:00

Since a long time next week the market is starting to stir significant. Remaining open to investors of transactions with Buda on the opposite is having a hard time. For this reason, if possible all week to investors that open positions were recommended not to go with. This week is very different from the closing weeks of the opening of the first signal is the general will of the motion passed. This week is very important data will affect the market will be open. Most important will be open tomorrow, the U.S. interest rate decision will be.

Today we look at it from landing on a moving day to be spread out to the entire. Technically, the Eur / USD parity ones, the gap is called technical analysis has been the formation space. This gap must be completed. It means that the markets may come back to the 1.42 level. However, in view above the general trend seems more likely. Can be seen above the 1.4350 level of 1.4430 is passed. Below the first support level of 1.4270. You can see past the 1.42 level.

Support and resistance levels DAILY

Support 1 1.4270 Resistance 1 1.4350

Support 2 1.4200 Resistance 2 1.4430

3 1.4120 Resistance 1.4540 Support 3

04 June 2009 to May Impact of Risk appetite, U.S. dollar and Japanese Yen rally is

2009-06-07T07:21:00.000-07:00

U.S. dollar and Japanese Yen, along with changes in perception on Wednesday showed remarkable rise. FX carry and the American stock market and the perception tradeleri felt the effects of the change. 66 points on Dow Jones Industrial Index, S & P 500 dropped 13 points in the completed. Developments of the day if we look at them, in front of Fed Chairman Ben Bernanke spoke Budget Commission and the economic view, financial market conditions, fiscal policy and the Fed statement was assessed in the areas of transparency. Not be effective on the market Bernanke'nin comments and investors unable to correct the perception. Non-manufacturing ISM index 43.7 in May, also at the 44.0 level details çıktı.Raporun business activity, new orders and employment, the decline has continued, but the decline in employment than the other occurred a slow speed is revealed. Improvement in the foot on Friday that the future of employment is agriculture, but employment will increase the number of the high speed may begin to decrease.

British Pound, Boe Meeting Expectations of First-in value is lost in what direction to fly?
British pounds, U.S. Dollars, Japanese Yen, Swiss Franc and the euro has lost value in the face. Point to decrease the absorption GBPUSD'de looking for a candle formation occurred. This action has a link with the risk appetite and not the incoming data than ever İngilztere'den was optimistic. Of England in May of Economics Markit PMI index 48.7 from 51.7 up to the level announced. 1 year growth seen in the sector, the first time.

All data is improvement in the housing sector and the UK on top of the Central Bank on Thursday, 3rd changing the interest rate per month% 0.50 shows the level may drop. As a result, how it will react to the British Poundu'nın on BOE'nin quantitative relaxation policy will depend on attitude. Increase the scope of the indicator in the direction of the program can negatively affect the British will Poundu'nu, especially against the euro. Otherwise, you will gain value as the British Pound.

1. Figures quarter GDP was revised down-ECB Conference on Credit Policy and the relevant details, the relaxation will
Euro, U.S. dollar against the Australian dollar has lost 1% and 1% of the Canadian Dollar against the New Zealand dollar gained against the value of 2%. However, the issues need to be followed for the return of the EURUSD is parity level of 1.4330. RSI indicator came back from over-buying region, and is pointing to a reverse turn. Eurostat, Euro Zone GDP numbers of the 1st may come in worse than expectations of a quarter and an annual rate was -4.6% from -4.8% to have been revised. The quarterly rate remained at the level of -2.5%. Reports look at the details of the household spending is shrinking at a rate of 0.5% 1.çeyrekte, government spending and exports decline 8.1% of the figure, and imports at a rate of 7.2% of the decline can be seen. Another issue is inadequate growth in the euro area evidence of the Markit Economics Purchasing Managers Index has been unified. PMI index 41.1 in May, combined from the output level of 44.0. Numbers still under 50 level. This state of business activity has continued to shrink the economy, jobs in the region gösteriyor.Avro not going bad, but very far from recovery ekomiler yet.

On Thursday the European Central Bank's interest rates are expected to leave at the level of changing the 1:00%. As a result of the euro on ECB President Jean Claude how to complete the press conference say they will do will depend Trichet'in. ECB in May, the euro area has been exported in the amount of 60 billion euro purchase of bonds had to do, but next meeting to explain details open. As a result, the interest on bond purchases and the purchases ECB'nin about how they planned to be intensified. As in the case of direct recruitment İhraçcılardan do, but this will be done ihracçılara direct funding of existing bonds in case prices will be supported nalınması and returns will be reduced.

Australian dollar GDP numbers are due to short-term recovery, however Carry Trade Show Sales to Rise was hit
Australia Bureau of Statistics Australian dollar last night at a rate of 0.6% of GDP numbers show decline despite 1st According to the previous quarter on quarter in the economy is growing at a rate of 0.4% after the first description in the face value of currency has gained a lot. Annual figures are 0.8% from 0.4% to 6th declined so has been seen in the recession period. Looking at the details of the report feel of Consumer Spending 0.6%, 0.3% of government expenditure and exports at a rate of 2.7% of the decline is seen shown. Business investment is weaker in the figures are. The figures showed a decrease in the rate of 6.1%, while exports declined at a rate of 7%. Increased risk and FX carry trade kaçınımı parity in the European session, the Australian dollar value lost and the worst of the day watching the 3rd oldie currency. AUDUSD% 2:51, 2:28% rate for the AUDJPY lost.

Canada dollar has lost value BOC may determine the direction of motion-USDCAD'daki
2.6% in the Canadian Dollar against the U.S. dollar at a rate of lost value. Meeting on Thursday because of the Canadian dollar may increase volatilitesi. Central Bank of Canada on April 1 in a surprise 25 basis points of interest in changing to the later interest is expected to leave at the level of% 0.25. The meeting in April, interest rates in June 2010 BOC change was revealed intentions toward. The nominal interest rate monetary policy BOC'un report in gold to start 0'ın% of the quantitative relaxation policy and loose credit policy can be put to the door was left open. Bank interest rates as a theoretical level to zero in the case of the market, especially buyers and sellers in the repo market transactions between was difficult. In April, the core Consumer Price Index numbers remained at the level of 1.8%. This situation will require policy inflation quantitative relaxation was higher.

05 June 2009 the U.S. dollar and Japanese yen lost value in the Future Agricultural Non-USA Employment Figures on Friday Day Risk Trends To Determine

2009-06-07T07:13:00.000-07:00

U.S. dollar and Japanese yen on Thursday, thanks to the increase in risk appetite in the face value of currency has lost a lot. Day was completed with the rise of American stock market, S & P 500 increased by 11 points to 842.46 points, the Dow Jones Industrial Index has increased by 75 points to 8750.24 points output. Dow Jones day moving average level of 200 units, but the index still closed on the continued rise of this movement does not tell the truth is never a break. This development will depend on the future data: Agriculture Foreign Employment Figures (NFP). Among the economists Bloomberg surveyed News'ün and according to many leading indicators of agricultural employment in May, on top of the 7th digit month, is expected to show a decline. However, the slow decline is foreseen. Analysis of the Foreign Agricultural Bloomberg News expect employment numbers would show a decrease of 520,000 persons. But analysts predict decline may be in the range is 600,000 to 450,000. Unemployment for the first time in the application, the Consumer Confidence, ISM Index of Manufacturing Industry Production and Other leading indicators such as Non-Agricultural Employment Based in the healing of the number between 540,000 and 500,000 are waiting to show a decrease.

Risk trends that we see price movements based router. U.S. dollar is losing value due to improvement in the perception yaıtımcı, usually for the increased risk kaçınımı win. Description of Non-Agricultural Employment in the number of transactions to be done has to keep in mind these factors. Technical terms of U.S. dollar index currency of the day on Wednesday as an important support level in the range of 71.32-89.62% with 61.8 Fib.seviyesi was starting to rise from the 78.29 level. But on Thursday, with prices 79.80 the previous support level in the history of the decline was. 78.29-79.80 on Friday accepted a very low level of these two. Index RSI indicator on Thursday, the day was over-recruitment region. But the past week or so that such a development was seen, a rise of weak signal.

Despite the political uncertainty neutral attitude of the British Pound BOE'nin Art has lost value due to
British Pound, the UK Central Bank's expected interest in changing the level of% 0.50 to download and neutral stance, despite the currency on Thursday, which was watching the most vulnerable. Comments 125 billion in assets purchase program, the Pound and the amount of this program will be met with central bank reserves were repeated. Monetary policy committee will also take 2 months to complete and the scale of the program under the supervision of tutalacağını announced. This description is not available at any surprises, and no indication BOE'nin no policy regarding the changing trends. GBPUSD, ECB'nin interest after the decision was very little movement within minutes, but then retreated to a parity piplik seen in 200. Fall, British Prime Minister Gordon Brown is prepared to resign was connected to the news direction. Brown spokesman declined to gossip and rumors indicate that it was completely ridiculous. RSI indicator in March 2008 could not be recovered and GBPUSD first time since alımbölgesine output excessive.

Euros, thanks to the optimism ECB'nin Day Light was completed, however, with a Rise of New Interest Discount is Open Door Drop
ECB leaves interest rate at the level of changing 1:00%. First demonstrated the effect of decisions on EURUSD. Credit Suisse overnight index by 25 basis points likely swapları 62% price discount would be made. 15:30 ECB President Jean Claude Trichet'in the support provider to the speech quality in Euros. After the press conference was to rise in the EURUSD. Trichet commented on the current interest rate levels is appropriate, and the last data in the euro area the last 2 quarter recession is reaching the bottom of the display of the year for the rest of the economic activity in the smaller amount of reduction is expected to show and the quarterly GDP for 2010 in mid-positive region can be explained . In the year 2009 the inflation front to the region before the end of the true positive, and numbers continue to decline in coming months is expected to remain negative levels.

Questions and answers on the lowest level bölümnde not only Trichet said interest rates and left the door open for new interest rate reductions. 60 billion euros in July, Trichet also ECB'nin amount of bonds to purchase and the process can start in June 2010 has been scheduled to complete. ECB as a primary and secondary market for bonds to buy directly. Exported at least 500 million Euros each in the amount of need and private or public sector bonds and may be connected to the existence of the organization. Relaxation of credit policy than the United Kingdom and the Americas small. Trichet commented on the program's scope geniletilip did not want to expand.