Archive for January 8th, 2012

The values of imported and exported goods were both higher in November 2011 than in November 2010, Statistics New Zealand said today. Crude oil and fertilisers were key contributors to the 10 percent rise in imports, overseas trade manager Stuart Jones said. The value of imports increased $382… read full news Published: Mon, 09 Jan… »

The worst-case scenario is that the ratcheting tensions will end in a military confrontation that would close the Strait of Hormuz, the strip of water between Iran and Oman that represents the world’s most important shipping lane. Roughly 40pc of the world’s seaborne traded oil passes through the… read full news Published: Mon, 09 Jan… »

A boost in resource-related engineering construction helped ease the rate of decline across the national construction sector in December. The Australian Industry Group Australian Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association, increased by 1… read full news Published: Mon, 09 Jan 2012… »

The Canadian dollar had a rough week, and surrendered to the greenbacks superiority. BOC Business Outlook Survey and Building Permits are the main events this week. Heres an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week, Ivey PMI figures in… read full news Published: Mon, 09 Jan… »

A new bill affecting the Hungarian central bank has been criticized by the European Union and the European Central Bank for possibly hurting the bank’s independence. The bill adds two members to the seven-seat central bank monetary council, including a new deputy governor. Lagarde said in an i… read full news Published: Mon, 09 Jan… »

GOLD: Having reversed its past week losses to close higher the past week, the risk is for further correction to occur in the new week/. This will leave Gold targeting the 1,641.25 level, its Dec 212011 high with a violation of that level sending the commodity further higher towards the 1,677.35… read full news Published:… »

The first major central bank meetings of the year will tend to dominate market action over the week ahead with a particular focus on Thursdays ECB meeting as it attempts to rescue peripheral economies from permanent recession, deflation and eventually default. The ECB under new President Draghi has… read full news Published: Mon, 09 Jan… »

Sales (RSTAMOM) at U.S. retailers probably rose in December as Americans bought discounted holiday items, a sign the economy picked up heading into 2012, economists said before a report this week. The projected 0.3 percent gain in purchases would follow a 0.2 percent advance in November, accordi… read full news Published: Mon, 09 Jan 2012… »

A pipeline that would allow oil from the United Arab Emirates to bypass the Strait of Hormuz separating it from Iran has been delayed because of construction difficulties, two people with knowledge of the matter said. … read full news Published: Sun, 08 Jan 2012… »

China’s banks ratcheted up lending in the last month of 2011 on the back of stronger money supply, reinforcing perceptions that the central bank is gently easing policy to cushion the impact of the global economic slowdown. Chinese banks extended 640.5 billion yuan ($101.51 billion) in new loans… read full news Published: Sun, 08 Jan… »