Posts Tagged ‘Economic Recovery’

Morgan Stanley predicts the strengthening of the Swiss franc

Posted by admin on October 23rd, 2009

According to currency analysts Morgan Stanley, by the end of the Swiss franc could strengthen to a mark of 1.50 against the euro (compared to before. Forecast 1.54), as well as economic recovery and higher inflation leads central bank to stop selling the currency. As noted in the bank, some central banks began to tighten monetary policy, while others have begun to reduce the amount of anti-crisis program – against the background of these circumstances, market participants would react with great attention to the question whether the Swiss National Bank to change the selected course of monetary policy.

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The truth about indicators of economic sentiment

Posted by admin on October 22nd, 2009

At any given time, the theoretical value of the shares – this is just your present value of future dividends. Because the company earns money, theoretically, the profits will be paid to investors.The task of the investor is to determine which company is going to profit and invest before the profit will be known.Once the economic data becomes available, investors analyze them, and make forecasts for future profits.Macro economists take account of these technical data, mainly in order to monitor investor sentiment. We try to focus on macroeconomic developments, which are driven by the market.What seems meaningless to us, so that’s why the markets reacted so strongly to indicators of moods.These variables, as a rule, have no influence on consumer data, while investors often use them as important indicators for economic performance.

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Euro managed to push through $1.50, but has slipped this morning following mildy disappointing Chinese data

Posted by admin on October 22nd, 2009

The single currency resumed its upward march against the greenback yesterday, finally broaching the 1.50 mark, to close up half a cent at 1.5015. In early trading, the euro retreated from near 14-month highs as some investors bet European policy makers would say they are still concerned that the euro’s strength will harm the economic recovery. Analysts also said that the single currency’s sharp fall against the pound weighed on the euro/dollar price, which has recently remained anchored just below the $1.50 level. However, the dollar relinquished its gains in the afternoon as rising U.S.

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Dollar “bulls” and “bears” met at the border

Posted by admin on October 21st, 2009

Although published in the previous session, quarterly reports were once again better than forecasts, the markets have decided instead to beat the American statistics, which do not meet the expectations that led to a strengthening dollar and a slight correction on Wall Street. The number began construction in the U.S. over the next period increased slightly (590 thousand against 587 thousand the previous figure and the forecast 610 thousand), while building permits dropped from 580 thousand to 573 thousand (estimated 595 thousand)On the recovery of the dollar against the euro / dollar rolled away from the level of 1,50, and not felt it.

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Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes

Posted by admin on October 21st, 2009

Sterling climbed over a cent and a half against the kiwi in trading yesterday as the market briefly turned bearish on higher-yielding currencies. The pound reversed losses incurred on Monday, but closed the day some way from its intra-day high of 2.2000 as investors held back from taking significant positions ahead of the UK MPC minutes released today. The kiwi dollar, which has broadly risen as the global economy shows increasing signs of recovery, fell back as demand for “riskier” assets stumbled following some weak economic data from the US economy.

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Improving global economic sentiment continues to raise demand for kiwi assets, boosting the NZ currency vs the pound

Posted by admin on October 20th, 2009

The kiwi advanced over three and a half cents (1.6%) against the pound yesterday as investors showed renewed enthusiasm for risky assets. Rising commodity-prices and stronger-than-expected corporate earnings in the US have contributed to continued demand for higher-yielding currencies. In addition, investors are now pricing in that New Zealand’s central bank is likely to drop its monetary- easing bias at its meeting next week as economic data point to improvement. Although there has been speculation that the RBNZ has expressed concern that the strength of the kiwi is frustrating economic recovery, strong data has investors questioning whether the central bank can keep interest rates on hold until the middle of next year.

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Euro pushes higher but finds strong resistence at $1.50

Posted by admin on October 20th, 2009

The single currency resumed its climb against the dollar in trading yesterday, supported by rising confidence in the global recovery, closing the day up 0.4%.The euro hovered just below the psychologically important 1.50 level as the US dollar remained under selling pressure on expectations that US interest rates will remain pinned at record lows well into 2010. The single currency also found support as some investors speculated finance ministers from the 16-nation region meeting in Luxembourg would focus on the currency’s strength. The dollar came under further pressure as the continued confidence over the prospects of a global economic recovery were reaffirmed as the Dow Jones opened up over 10,000, keeping haven demand for the dollar in check. Late in the afternoon, the Fed added to the greenback’s woes after stating that it has been testing its reverse repurchase agreement tool but is not about to use it, suggesting that US monetary policy is not set to tighten just yet.

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Sterling traded strongly at the end of last week against the kiwi but has slipped back sharply this morning

Posted by admin on October 19th, 2009

Sterling managed to close last week at a near two-week high of 2.2056 against kiwi, as the UK currency continued to build on support from a BoE official. The ailing pound managed to build on Thursday’s gains, rallying a further 1.2% against the kiwi on Friday, in the wake of a Bank of England policy maker signaling satisfaction with the impact of the central bank’s quantitative-easing strategy. Investors took the opportunity to take strong profits that had been built up earlier last week, taking the sterling / kiwi price back over 2.20.

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Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning

Posted by admin on October 16th, 2009

The single currency pushed higher once again as the greenback suffered from rising appetite in the wake of positive economic signs.The dollar initially made after ECB President Trichet said that the US government and the Federal Reserve should pursue policies supporting a strong dollar and that excessive foreign-exchange volatility is an “enemy.” However the euro trimmed its losses in the afternoon following positive US data, which bolstered expectations that the economy is recovering. US jobless claims beat market forecasts dropping a further 10K week-on-week. The US CPI figure also rose marginally to 0.2%, supporting growing optimism over the economic recovery.

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Euphoria over the corporate reporting continues

Posted by admin on October 15th, 2009

Currently scheduled reports earnings Citigroup, Goldman Sachs and Google. If the results exceed expectations, stock markets continue to rise.Bank “JPMorgan” yesterday issued a strong quarterly report, which, together with the report “Intel” has become the main acting force growth on the stock exchanges. Income Statement JPM consisted of two parts: the investment bank recorded record revenue, but the strongest credit division had suffered losses and signaled a possible new losses.The current strengthening of equity markets was strong enough, but the lack of internal corporate customers and increased demand for funds with fixed income indicate that the rally outliving itself; until the 2009 fixed-income funds have attracted 18 times more investment than stocks.Results of the printed record of the Federal Committee on Peacekeeping Operations on the open market in the U.S. triggered selling of the dollar, as the majority of committee members were in favor of an increase in purchase of assets to stimulate economic recovery.Saxo Bank

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The positive news and comment from New Zealand and Australia strengthened the downtrend of the dollar

Posted by admin on October 15th, 2009

While the currency markets wavered, hesitating to jump into a train of risk on the New York session, Wall Street took the bull by the horns, and the DJIA index Breaks at 10 000 points for the first time since October 2008. Euro and the Australian dollar managed to reach cyclical highs against the U.S. dollar, however, the decline of U.S. T-bills after the publication of the protocol of the Federal Committee on Open Market (FOMC) samortizirovalo falling dollar / yen.According to the protocol, the committee members cautious in assessing the prospects for economic recovery.

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The aussie stumbled yesterday, enabling the pound to gain as investors took profits

Posted by admin on October 14th, 2009

The pound reversed a three-day slide against the aussie, posting gains of nearly a cent as investors took an opportunity to lock in profits.During the morning session, the pound continued to push multi-year lows, hitting a price of 1.7333, as weak inflation data reinforced concerns over the strength of the UK economic recovery. UK consumer prices fell to a five-year low of 1.1% in September, dipping below the market’s estimate of 1.3%, due in part to lower utility bills and food prices. In addition, demand for the aussie remained strong as traders continued to favour gold over the US dollar, pushing the price to an all-time high.

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The increase in retail sales spurred the New Zealand dollar

Posted by admin on October 13th, 2009

The increase in retail sales spurred the New Zealand dollar, but other currencies remained mostly motionless In connection with national holidays in the United States and Canada yesterday for the currency market was relatively quiet. Most of the session, the dollar’d play the gains made in early Asian trading. In the absence of economic statistics, stock markets moved on to the next report revenue for the 3 quarter, and eventually the S & P closed near the new 12-month high.Despite the retreat of the dollar, British pound is still brought up the rear, crushed projections of the Center of Economic and Business Research (CEBR) on interest rates and foreign exchange market.

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The kiwi continues to climb vs sterling following strong retail sales data in NZ

Posted by admin on October 13th, 2009

The pound edged lower against the kiwi dollar yesterday as investors continued to shift their funds into high-yielding currencies, with the pair closing at 2.1542. Commodity and equity markets rallied higher yesterday, including a rise of nearly a percent in the Nikkei 225 and the Shanghai Composite, which maintained strong demand for the kiwi. Selling pressure on the pound also remained high following a report that cast doubts over the pace of the UK economic recovery, stating that interest rate rises would lag those of other major economies. In trading this morning, the pound has shed a further two cents against the kiwi following a surprise jump in New Zealand retail sales for August.

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The aussie continues to trade strongly, supported by risk appetite in the market

Posted by admin on October 9th, 2009

The aussie climbed a further two cents yesterday as figures revealed rising employment in Australia, and as rising risk appetite supported strong demand for high yielding currencies. The Australian dollar continued to push higher as encouraging data from the labour market gave investors further cause to buy into Australian assets. The recent rate hike to 3.25% has increased the yield gap between the two currencies, and the recent downturn in unemployment has simply reinforced the sentiment that Australia is at the forefront of the global economic recovery, strengthening aussie demand.

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