International
Projected price of Gold will Continue to Go Down
Predicted gold prices will continue to weaken in the coming weeks. This occurs because the potential for a stronger U.S. dollar against other currencies.
Stock market analyst Nico Omer explained for the next few weeks commodities markets will also likely depressed due to the strengthening of the dollar against the rupiah this.
“Gold is possibly bearish as the dollar strengthened and the potential world stock markets and commodity markets are likely to weaken over the next few weeks,” said Nico in a short message to Legal, Monday (02/13/2012). › Continue reading
Deal of Greece, the U.S. Stock Market Light Up
The stock market is the United States (U.S.) regained some strength after Greece and creditors find an agreement about the debt.
Previously, Greece announced that it has berkomimen to cut costs and avoid default on debt falling due within the next month. Even so, the stock market apparently still declining. Analysts said the market had expected the Greek deal and warned that Europe still faces problems.
“We still have a lot of homework,” said chief analyst at UBS Wealth Management Jeremy Zirin such as reports from the Associated Press (AP), Friday (10/02/2012). › Continue reading
Brent oil prices back down to USD113/Barel
London crude oil prices fell 68 cents, aka Brent to USD113, 90 per barrel on concerns related to the resolution of the Greek debt talks to avoid a default that still has not come to fruition.
Quoting Reuters, Tuesday (07/02/2012), crude oil the United States (U.S.), West Texas Intermediate (WTI) or Texas light sweet crude for March delivery fell $ 1, 03 to USD96, 81 per barrel in electronic trading on the New York Mercantile Exchange (NYMEX). After rising $ 1, 48 to USD97, 84 on Friday.
This, due to worries traders in Greece if political leaders fail to agree on the possibility of austerity measures demanded by the new international bailout rescue team if it did receive more bailout loans. › Continue reading
Greece Meet debt restructuring stalemate
Euro-zone finance ministers said if the Greeks could not continue the agreement on debt restructuring.
As reported by Reuters expect the euro zone ministers had a meeting on Monday to complete a second bailout for Greece, which should have been done at least mid-March to avoid clutter. But the meeting was postponed because of the reluctance of Greece and is committed to reform.
Instead, the ministers held a meeting on Saturday last, to check the progress of the loan package, which is set at 130 billion Euro October.
“The main problem is the lack of reform, or lack of previous action in Greece,” said one official.
Meanwhile, the minister also said the euro zone are not satisfied with the Greek finance minister, Evangelos Venizelos because they believe the minister is more concerned with its position within the party ahead of April elections, rather than talk about reform. › Continue reading
Gold Touch Expensive Price Since August 2011
Gold prices moved higher up to 11 percent, and put it in the highest position since August 2011 last.
Strong commodity prices is a safe haven along with market participants re-emergence of concerns over global economic conditions following the negative economic data.
U.S. home prices fell more sharply than expected in November, and consumers turned to less optimistic in January because of the economic recovery still faces hurdles.
Market participants also focused on a survey of global manufacturing even in China and the eurozone by the Institute for Supply Management’s index of U.S.. › Continue reading
Citigroup boss resigns Planning?
Citigroup Chairman Richard Parsons, is rumored to be resigning after three years of dedicated in his position. In fact, he is the person who most contributed to the bank’s control over the global crisis of 2008.
Reported The Wall Street Journal, as reported by the Straits Times, Monday (01/30/2012).
According to a source who declined to be named, The Wall Street Journal revealed when the decision was unanimous Parsons. He will officially resign in early March. › Continue reading
Oil Prices Touch USD100/Barel Thanks to the Fed
Crude oil prices rose again due to the central bank’s plan of the United States (U.S.) or U.S. Federal Reserve (Fed) to maintain its interest rate until the end of 2014.
After meeting to discuss the policy, which took place over two days, the Fed declared the U.S. economy is sufficiently developed, despite the global economic slowdown, the U.S. unemployment rate is still high and the economy faces significant downside risks.
“This bodes well for the U.S. dollar to strengthen, and higher commodity prices as the Fed will continue to restrain inflation as part of efforts to revive the U.S. economy,” said Again Capital LLC, John Kilduff, in New York, as reported by Reuters , Thursday (26/01/2012).
“We saw some policymakers in the Fed, choose to see the first increase in interest rates this year, with several others looked at the increase in 2016. In terms that might be a long-term investors may be detained, on accommodation policies of the Fed,” said PFGBest Research analyst Phil Flynn in Chicago. › Continue reading
ILO: World Need 600 Million Jobs
International Labour Organizations (ILO) to assess the needs of workforce jobs is more urgent now. This institution asserted need 600 million new jobs within the next 10 years.
“Despite heavy government efforts, the job crisis continues. One in three workers worldwide, or 1.1 billion people estimated unemployed or living in poverty,” said ILO Director-General Juan Somavia, as reported by the Straits Times, Tuesday (24 / 1 / 2012).
According to him, what is needed now is to create new jobs in the real sector, which should be priority number one side.
“Whether or not we recover from this crisis will depend on how effective government policies,” he said. › Continue reading
Dow Jones Results Best Level Since Christmas
Stocks on Wall Street score their best level since Christmas last year. After the release of strong earnings reports from IBM and Intel are inversely proportional to Google’s report.
In this week’s market situation become the busiest relating to “earnings season”, with some concern over the sharp growth in revenues and offset by cost reductions.
Quoted by Reuters on Saturday (01/21/2012), Dow Jones Industrial Average rose 96.50 points, or 0.76 percent, to 12720.48. Standard & Poor’s 500 index edged up 0.88 points, or 0.07 percent to 1315.38. But the Nasdaq Composite Index slid 1.63 points, or 0.06 percent to 2786.70.
This week, the Dow rose 2.4 percent and the S & P 500 rose two percent as reflected in the satisfaction of investors that earnings do not reflect the worst elements that influence the market. Given the problems in the eurozone that has weighed on investors. › Continue reading
Gold Prices Rise Again
Gold prices moved higher after Standard & Poors downgraded the debt of nine European countries that became negative centimeters.
After this step the S & P, the pressure to complete the negotiations for Greece in order to avoid a loan default status (default).
Meanwhile, investors also pay attention to China’s economic data which is an indicator of economic growth for Asia. China will announce the figures gross domestic product (GDP) in 2011.
As quoted by Reuters on Tuesday (1/17/2012), the price of gold moved higher 0.1 percent to USD1.645, 6 per ounce. While the U.S. gold prices rose nearly one percent to USD1.646, 3. › Continue reading