All Market Leader news

Gold And Silver: Daily Market Outlook. Feb 22nd 2012

Wed, 22 Feb 2012 09:04:00 -0500

The political risks in the Middle East increased yesterday. Under the global pressure, China, India and Japan promised to lower their imports of crude oil from Iran at least by 10%.

HSBC: Euro Will Strengthen In Q1 2012

Wed, 22 Feb 2012 08:05:00 -0500

The EU authorities have finally decided to provide Greece with another substantial loan in order to help it avoid a default in March. Consequently, the common European currency has got another chance to appreciate. The major negative factor is eliminated.

Deutsche Bank: Japanese Yen Will Strengthen Further

Wed, 22 Feb 2012 07:40:00 -0500

According to analytic team of Deutsche Bank, the Japanese Yen will strengthen further despite the Bank of Japan’s recent steps aimed at curbing the strengthening of Japan’s national currency. The expected target is 75.00.

GBPUSD: Budget Surplus Fails To Support British Pound

Wed, 22 Feb 2012 07:24:00 -0500

In January 2012 the UK budget saw a considerable surplus (₤7,75B). It became possible due to much lower net borrowings. This is the biggest surplus since January 2008. Over the last year, the borrowings have been reduced by ₤15,7B down to ₤93,5B.

AUDUSD: Australian Dollar Exchange Rate Will Depend On Inflation

Wed, 22 Feb 2012 07:12:00 -0500

The Reserve Bank of Australia is determined to leave its key interest rate unchanged at 4.25% if the situation in Europe stabilizes and the Australian economy remains strong.

USDCHF: Lower External Trade Surplus Fails To Curb Swiss Franc Strengthening

Wed, 22 Feb 2012 07:00:00 -0500

Switzerland’s balance-of-trade surplus declined down to 1.563B francs in January 2012 due to lower exports. Consequently, multiple analytic forecasts failed as the experts had anticipated an increase up to 2.5B francs.

Euro Rate: Can One Survive in the Narrowing Flat?

Wed, 22 Feb 2012 04:33:00 -0500

Forex news. Having delved into a range of sub-waves within narrowing correctional flat of h1 wave level at the beginning of the week, EURUSD currency pair is acting in a rather mysterious way at FOREX market. At the same time, one may seek for profit-making market trends at lower timeframes.

EURUSD: Market Outlook

Wed, 22 Feb 2012 03:46:00 -0500

The leaders of 12 EU countries signed an open letter addressed to Herman Van Rompuy, President of the European Council, and José Manuel Barroso, President of the European Commission. The letter was initiated by the UK and Spain . France and Germany, the eurozone’s biggest economies, didn’t sign the letter.

Euro Rate: Good Word and Currency Feels Good

Tue, 21 Feb 2012 06:55:00 -0500

Forex news. Negotiations of Finance Ministers of euro zone on the matter of "final" approval of Greek support package to Greek has lasted for over 12 hours. By 7 a.m. Moscow time the decision has been made. The second, 130 billion euro, support package has been assigned to the country. Greek Prime Minister Lucas Papademos has called this occasion "historic".

Euro Rate: Adherence to Bullish Trend

Tue, 21 Feb 2012 06:21:00 -0500

Forex news. Not waiting for the start of European trading session at FOREX market, EURUSD currency pair has jumped 100 points up to the point of 1.3293, having exceeded yesterday’s local maximum. This has proved the high inertness of price and adherence to the trend. At the same time, timeframes from m5 to h1 give signals of the possible termination of rising trend in the nearest future. The period of the session currently shows a combination of waves "А" and "В" of m15 level. From the point of view of traders, profit-making falling wave "С" would be desirable in the nearest future.

Gold And Silver: Daily Market Outlook. Feb 21st 2012.

Tue, 21 Feb 2012 05:08:00 -0500

After 13 hours of discussing, the eurozone finance ministers finally approved another substantial loan to Greece (130B euro) under tough austerity conditions. Now Greece will manage to avoid a default in March. The target is the 121% debt-to-GDP ratio by 2020. Moreover, Greece will soon get 100B of its debt written down.

US Dollar: US Economy Grows By 2.5% A Year

Tue, 21 Feb 2012 03:54:00 -0500

The new financial year in the USA will start on Oct 1st. Earlier this week Timothy Geithner reported about the positive results of the government’s anti-crisis efforts, including millions of new jobs, manufacturing production growth and a more-than-30% increase in the inflow of private capital. Despite the positive results, the budgetary spending is $3.73 trillion, the deficit is $1 trillion.

USDJPY: Japan’s External Trade Deficit Suggests Weak Yen

Tue, 21 Feb 2012 03:18:00 -0500

The Japanese Ministry of Finance reports that the country’s external trade deficit has increased up to ¥1.475 trillion, the biggest deficit in the history of Japan. The export declined by 9.3% (especially to China) while the import grew by 9.8%.

Dollar Rate: Optimistic Greek Indexes Support the Country

Tue, 21 Feb 2012 03:08:00 -0500

Forex news, dollar rate. Gold price has dropped, whereas government bonds return has risen by 2%, as investors have moved from the assets that are considered to be protected. On Friday most indexes rose, S&P 500 particularly has reached the top point for the last three years, and Dow Jones index has closed slightly lower than 13 000 points - the highest point since mid 2008. MarketWatch writes that at Wall Street investors are bidding whether Greece will receive another support package.

Zuercher Kantonalbank: Swiss Franc Gets Less Volatile

Tue, 21 Feb 2012 02:59:00 -0500

It seems like the SNB’s efforts to curb the strengthening the Swiss Franc start showing positive results. After the SNB reported about its intension to defend the level 1.2 (EURCHF), the volatility decreased dramatically. It means that investors are losing interest in the Swiss currency.

Euro Rate: Economists Warn – Support Package Will Make Greek Agony Longer

Tue, 21 Feb 2012 02:22:00 -0500

Forex news, euro rate. To save time, Berlin and Paris will probably assign another support package to Athens. And although for some time Greece will manage to avoid bankruptcy, the country’s economy will keep going down the drain. By all accounts, after several weeks of delay, today Finance Ministers of euro zone will approve the new plan of supporting Greece in order to avoid bankruptcy. However, economists warn that this is a mere strategy to save time, as Athens will fail to fulfill its obligations - it will not restore the competitiveness of its economy.

Euro Rate: Fitch Rises Iceland’s Rating

Mon, 20 Feb 2012 09:07:00 -0500

Forex news, euro rate. The country’s rating has been raised to investment grade three years after the collapse of Iceland’s economy due to world financial crisis.

Euro Group Can Support Euro By Providing Intermediate Loan To Greece

Mon, 20 Feb 2012 08:34:00 -0500

Germany offers new ways to solve the eurozone crisis: it is offered to provide Greece with an intermediate, emergency loan in order to help it avoid a default in March.

USDCAD: Market Outlook

Mon, 20 Feb 2012 08:13:00 -0500

Canada’s CPI grew in January more than expected (2.5% y/y and 0.4% m/m )due to gasoline and foodstuffs.

USDJPY: Bank Of Japan Should Be Ready To Stabilize Japanese Yen

Mon, 20 Feb 2012 07:55:00 -0500

The Bank of Japan is concerned that the eurozone crisis may result in major shocks for the global financial market, thus seriously affecting Japan’s financial system.