Oil prices climbed to nearly $ 100 per barrel as Iran again threatened to block shipments of crude oil from the Persian Gulf. The threat followed a decision of the European Union to stop (embargo) of crude oil imports from Iran.
Previously, the EU has given preliminary approval to impose a ban on imports of Iranian crude oil. The move aims to cut Tehran's main source of income as well as pressure Iran to stop its nuclear program.
However, considering the economic crisis that was sweeping Europe since two years ago, Europe agreed to postpone the full implementation of Iran's oil embargo until July 1.
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Monday, 23 January 2012
Thursday, 12 January 2012
Meanwhile Yen pullback , Potentially Hit Sterling Again
In trading GBP / JPY Asian session today (12-01) Japanese Yen monitored fell against Sterling and in the range of 117.71. Pressure on Yen against Sterling pair was observed decreased with the indication that showed decreased Japan's economic performance.
Ministry of Finance reported that the current account in November 2011 showed a drop in surplus. In the current account surplus valued at approximately 0:48 trillion yen, while in October 2011 reached a surplus of 0.52 trillion Yen.
Ministry of Finance reported that the current account in November 2011 showed a drop in surplus. In the current account surplus valued at approximately 0:48 trillion yen, while in October 2011 reached a surplus of 0.52 trillion Yen.
China Inflation Slow Down to 4.1%
China's inflation decrease slightly in December. This gives room for this country to re-stimulate their economy that began to slow.
This affected food prices increased sharply, where political conditions make prices become sensitive.
Reporting from the Associated Press, Thursday (01/12/2012), overall, consumer prices increase 4.1 percent, but recorded down 4.2 percent from the previous month. But still above the government's target of four percent for this year.
While the inflation of food prices increase to 9.1 percent from the previous year of 8.8 percent. Inflation rate that could clear the way for Beijing to lower interest rates or take other steps to stimulate economic growth tends to slow down. But China's leaders feel surges of food costs become barrier.
This affected food prices increased sharply, where political conditions make prices become sensitive.
Reporting from the Associated Press, Thursday (01/12/2012), overall, consumer prices increase 4.1 percent, but recorded down 4.2 percent from the previous month. But still above the government's target of four percent for this year.
While the inflation of food prices increase to 9.1 percent from the previous year of 8.8 percent. Inflation rate that could clear the way for Beijing to lower interest rates or take other steps to stimulate economic growth tends to slow down. But China's leaders feel surges of food costs become barrier.
Wednesday, 11 January 2012
U.S. Stock Market Making Record
Stock markets in the United States set records for 5 months at the close of trading yesterday. The Dow Jones and S & P 500 closed strengthened each 69.78 points or 11.38 and 0.56 points, or 0.89 percent.
The same thing happens on the NASDAQ index that rise 25.94 points, or 0.97 percent to 2702.50.
"Investors are still focused on European conditions, but their attention is not as big in November 2011," said Head of NYSE floor operations for Meridian Equity Partners in New York, told Reuters on Wednesday, January 11, 2012.
The same thing happens on the NASDAQ index that rise 25.94 points, or 0.97 percent to 2702.50.
"Investors are still focused on European conditions, but their attention is not as big in November 2011," said Head of NYSE floor operations for Meridian Equity Partners in New York, told Reuters on Wednesday, January 11, 2012.
Monday, 9 January 2012
Euro collapsed to Lowest Positions Since September 2010
On Monday the euro exchange rate against the U.S. dollar reached disappear into the lowest position since September of 2010 (01/09). The euro bounced against the dollar and the yen weakened after stock markets in Asia have been hit slowly due to weakening of the opening of Wall Street at the end of trading last week. Fears of a worsening crisis in Europe again controlled the market sentiment.
Concerns about the condition of Europe higher after Hungary's credit rating downgraded to junk level. Although not a member of the euro area, this decrease is still an impact on the performance of the currency.
Concerns about the condition of Europe higher after Hungary's credit rating downgraded to junk level. Although not a member of the euro area, this decrease is still an impact on the performance of the currency.
10 World's Largest Gold Owners
The gold owners are very happy with the increase in investment yield of gold, while investment in other sectors eroded by the storm of the European crisis and also the uncertainty that surrounds the world economy.
Currently the world's largest gold holder still dominated by central banks, international organizations and governments with a total estimated at 16.5% of total world gold or as much as 30,700 tons. The amount is taken from the monthly reports the World Gold Council (WGC), which is a key market development agency gold industry.
So, who are the world's largest gold owners?
Currently the world's largest gold holder still dominated by central banks, international organizations and governments with a total estimated at 16.5% of total world gold or as much as 30,700 tons. The amount is taken from the monthly reports the World Gold Council (WGC), which is a key market development agency gold industry.
So, who are the world's largest gold owners?
Saturday, 7 January 2012
Strengthening of U.S. Dollar & European Crisis 'Threatens' Oil
Oil prices trade lower on Friday (6 / 1), but the sentiment of U.S. dollar strengthening and fears of European crisis presents new pressures in the middle of the potential disruption of crude supplies from the Middle East.
Brent oil prices still strengthened with rises of more than 4% and U.S. crude oil rose more than 2% during this week, sparked by the Iranian threat to close the oil-shipping route through the Strait of Hormuz, in retaliation for sanctions by the United States and ban on exports of crude oil to Europe.
In Friday trading, U.S. oil prices fell 25 cents to U.S. $ 101.56 per barrel and Brent crude oil futures ended to the level of U.S. $ 113.07 per barrel, this figure is slightly strengthened than last week's trading Friday at U.S. $ 112.45.
Brent oil prices still strengthened with rises of more than 4% and U.S. crude oil rose more than 2% during this week, sparked by the Iranian threat to close the oil-shipping route through the Strait of Hormuz, in retaliation for sanctions by the United States and ban on exports of crude oil to Europe.
In Friday trading, U.S. oil prices fell 25 cents to U.S. $ 101.56 per barrel and Brent crude oil futures ended to the level of U.S. $ 113.07 per barrel, this figure is slightly strengthened than last week's trading Friday at U.S. $ 112.45.
Wall Street strengthened in the first week of 2012
Stocks on Wall Street strengthened in the first week of this year. Although the emergence of reports that the United States unemployment rate recorded the lowest in three years.
Based on the data, quoted from Reuters on Saturday (7 / 1), Dow Jones index rose 1.2%, S & P 500 rose 1.6%, and Nasdaq rose 2.7% during this week. This increase was underpinned by growth in each sector of the stock.
At the close of trading on Friday (6 / 1) local time Dow Jones fell 55.78 points (0.45%) to 12359.92, S & P 500 lost 3.25 points (0.25%) to 1277.81 and Nasdaq Composite rose 4.36 points (0.16%) to 2674.22.
Based on the data, quoted from Reuters on Saturday (7 / 1), Dow Jones index rose 1.2%, S & P 500 rose 1.6%, and Nasdaq rose 2.7% during this week. This increase was underpinned by growth in each sector of the stock.
At the close of trading on Friday (6 / 1) local time Dow Jones fell 55.78 points (0.45%) to 12359.92, S & P 500 lost 3.25 points (0.25%) to 1277.81 and Nasdaq Composite rose 4.36 points (0.16%) to 2674.22.
Wednesday, 4 January 2012
Inhibiting rate of Gold Price in 2012
As a safe-haven asset, gold also hard commodity and sensitive to macroeconomic news. This factor could disrupt gold rally in 2012.
Besides safe haven, gold is a hard commodity category. Gold including in the three risky worlds of investment products such as stocks and currencies. Therefore, under certain conditions, gold provides a considerable advantage but the risk is too high.
Gold prices are affected by fundamental news such as GDP (Gross Domestic Product), inflation, unemployment, consumer confidence index and market rumors. "That factors, which could be inhibiting gold rally in 2012,”
Besides safe haven, gold is a hard commodity category. Gold including in the three risky worlds of investment products such as stocks and currencies. Therefore, under certain conditions, gold provides a considerable advantage but the risk is too high.
Gold prices are affected by fundamental news such as GDP (Gross Domestic Product), inflation, unemployment, consumer confidence index and market rumors. "That factors, which could be inhibiting gold rally in 2012,”
Gold in Asia Down to U.S. $ 1.597/Troy Ons
Gold futures trade lower on Wednesday (4 / 1) in Asia after having strengthened during the week.
Gold for February delivery fell 0.35 to U.S. $ 1,597 per troy ounce on the electronic trading through Comex New York Mercantile Exchange. In trading Tuesday in New York, gold closed at U.S. $ 1600.50 per troy ounce. Quoted from marketwatch.com.
While U.S. oil prices rose in thin in Asia tsrade session on Wednesday (4 / 1) with positive U.S. data despite the political tensions in the Gulf is still there. U.S. light sweet crude oil rose 12 cents to U.S. $ 103.08 per barrel.
While Asian stocks mixed moves like Hang Seng index fell 0.7%, the Nikkei rose 1.2%, Shanghai index fell 1%, ASX index rose 2.1%, Kospi index fell 0.4%, STI index rose 0, 4%.
Gold for February delivery fell 0.35 to U.S. $ 1,597 per troy ounce on the electronic trading through Comex New York Mercantile Exchange. In trading Tuesday in New York, gold closed at U.S. $ 1600.50 per troy ounce. Quoted from marketwatch.com.
While U.S. oil prices rose in thin in Asia tsrade session on Wednesday (4 / 1) with positive U.S. data despite the political tensions in the Gulf is still there. U.S. light sweet crude oil rose 12 cents to U.S. $ 103.08 per barrel.
While Asian stocks mixed moves like Hang Seng index fell 0.7%, the Nikkei rose 1.2%, Shanghai index fell 1%, ASX index rose 2.1%, Kospi index fell 0.4%, STI index rose 0, 4%.