Archive for January 15th, 2012

Food prices rose 0.2 percent in December 2011, Statistics New Zealand said today. Higher prices for fruit and vegetables (up 2.5 percent) and meat, poultry, and fish (up 1.2 percent) countered a fall for non-alcoholic beverages (down 2.5 percent). In December 2011, prices were higher for potatoes… read full news Published: Mon, 16 Jan 2012… »

Dollar/yen practically remained indifferent towards the crisis in Europe, but suffered from softer US data. Will it maintain the perfect range trading? Core Machinery Orders and Tertiary Industry Activity are the highlight of this week. Heres an outlook for the Japanese events and an updated… read full news Published: Mon, 16 Jan 2012… »

It has been a busy weekend for Wall Street, which has been doing all it can to spin the S&P downgrade in the best favorable light, although judging by the initial EURUSD and EURJPY reaction, so far not succeeding. Below we present a quick report written by Goldman’s Lasse Nielsen on why in Goldman’s… read… »

The headlines around the credit downgrade of France and other European countries took over the news, and partially covered the breakdown of the Greek PSI talks. Yet this isnt the only issue brewing in the Hellenic Republic. Is the cataclysmic fall coming soon? When rumors of a French downgrad… read full news Published: Mon, 16… »

Fears are mounting that Greece could be the first European country to default on its debt in 60 years, as the country gears up to salvage collapsed talks over bond repayments on Wednesday. Three months of negotiations ground to a halt on Friday night, amid a wave of downgrades by ratings agency S… read full… »

France is capable of retrieving its triple-A credit rating within five years but this shouldn’t be an objective in itself, said BNP Paribas SA (BNP.FR) Chief Executive Jean-Laurent Bonafe is quoted as saying by French weekly Le Journal du Dimanche Sunday. In the interview, published two days afte… read full news Published: Mon, 16 Jan… »

Germany should consider leaving the euro if efforts to impose fiscal discipline upon indebted euro zone countries fail, the head of industrial gases firm Linde told German weekly paper Der Spiegel. “I fear the willingness of crisis countries to reform themselves is abating if, in the end, the Eur… read full news Published: Mon, 16… »

Conviction is a vital element in sustaining market and political confidence and this will be a pivotal week ahead for Euro-zone faith following another day of torture on Friday. Standard & Poors decision to downgrade France and Austria can hardly have been a surprise as markets have been on high… read full news Published: Mon,… »

Euro/dollar had another roller coaster week which ended in a fresh 16 month low.The upcoming week features the important ZEW survey and inflation numbers in addition to other events. Heres an outlook for the upcoming events, and an updated technical analysis for EUR/USD. At first, things were lo… read full news Published: Sun, 15 Jan… »

Gold traders are the most bullish in two months after mainland China imported the most metal ever from Hong Kong and investors bought U.S. bullion coins at the fastest pace in more than two years. … read full news Published: Sun, 15 Jan 2012… »