Operando Forex

ZEW German Economic Sentiment Unexpectedly Improves to -53.5 in November

admin — Tue, 11 Nov 2008 11:36:21 +0000

(CEP News) Frankfurt - Rescue packages and central bank rate cuts helped to push the Centre for European Economic Research (ZEW)'s German economic sentiment indicator up to -53.5 in November, up 9.5 points from October's record low. Economists hadn't expected such a strong rebound and had instead forecast no change to the ZEW headline indicator.

German Wholesale Price Inflation Slows to 3.6% Annually in October

admin — Tue, 11 Nov 2008 11:36:21 +0000

(CEP News) Frankfurt - German whole prices rose 3.6% in the 12 months to October, down from both the 4.3% increase expected and September's 5.8% gain, the Federal Statistical Office (Destatis) said on Tuesday.

Euro Range Bound As Equity Decline Spoils The Rally

admin — Tue, 11 Nov 2008 11:36:19 +0000

The EUR/USD tried to shrug off the weak performance in equity marketstoday by rallying for most of the early European session reaching a high of 1.2800 before trailing back to 1.2750 in generally quiet, lackluster trade.In late Asia the unit was mainly propped up by demand from Eastern Europe perhaps...

European Market Update

admin — Tue, 11 Nov 2008 11:36:19 +0000

In Currencies: The USD continues to consolidate in its triangle pattern from late Oct. Demand for EUR/GBP cross had been a supportive factor for EUR/USD during the European morning. EUR/GBP Cross hit an all-time high of 0.8214 || Dealers suggested that Russian central bank new rouble support was seen at...

German Investor Confidence Rose as Policymakers Step Up Efforts

admin — Tue, 11 Nov 2008 11:36:19 +0000

The German November ZEW rose to -53.5, better than our median of -63 and up from -63 in October. The massive rate cuts over the past month and the announcement of stimulus programmes are likely to have helped to stabilize confidence, but readings remain at very low levels with pessimists...

Euro, Pound Pare Gains As Fundamentals Fail To Impress

admin — Tue, 11 Nov 2008 11:36:17 +0000

The Euro pulled back after reaching a high of 1.2802 despite the unexpected improvement in the German ZEW survey. The downturn in the EURUSD suggests that investors remain bearish against the currency pair as they expect the European Central Bank to ease policy further, and may face increased selling pressures...

Comentario Diario - 11 de Noviembre de 2008

admin — Tue, 11 Nov 2008 11:36:15 +0000

Hola Amigos, buen día. A pesar del anuncio de un gigantesco plan de reactivación económica hecho por el gobierno de China, enfocado principalmente en la obra pública, los mercados financieros no respondieron postivamente en la víspera. La sólida posición financiera china le permite tomar este tipo de medidas, aunque siguen pesando en el ánimo de los inversores las noticias provenientes de los países centrales europeos, así como de Estados Unidos, donde el lunes cayó otro banco,

Irán quiere explorar y producir oro

admin — Tue, 11 Nov 2008 11:36:14 +0000

Madrid 11 de noviembre 2008 (OroyFinanzas) – Behrouz Borna, Director de Explotación de la Organización Nacional de Geología y Exploración Minera de la Republica Islámica de Irán, ha declarado que: “la producción de oro de Irán alcanzará las cinco toneladas al año”. Y, añadió: “a largo plazo, Irán tiene el potencial para aumentar la cifra a 25 toneladas anuales.” Irán está negociando con los gobiernos de países africanos y sudamericanos para que expertos iraníes lleven a cabo actividades de

El Cambio Esta Llegando

admin — Tue, 11 Nov 2008 11:36:12 +0000

El viernes se anunció que la economía de los EE.UU. perdió otros 240.000 puestos de trabajo en el mes de octubre. Es importante recordar que los datos de los meses de agosto y septiembre fueron revisados claramente a la baja; en el mes de septiembre se perdieron 280.000 puestos de trabajo. Esto parece indicar que las empresas siguen reduciendo costes a medida que la economía se desacelera. Me parece interesante como va a evolucionar ahora tras las elecciones puesto que hasta ahora no se podía

US Dollar Consolidates, Short-Term Weakness Ahead (Candlestick Weekly)

admin — Tue, 11 Nov 2008 11:36:06 +0000

The US dollar has taken a step back against the major forex currencies: The Euro, Australian and New Zealand Dollars, and Canada all have broken above...

Euro, Pound Pare Gains as Fundamentals Fail to Impress

admin — Tue, 11 Nov 2008 11:35:59 +0000

The Euro pulled back after reaching a high of 1.2802 despite the unexpected improvement in the German ZEW survey. The downturn in the EURUSD suggests that...

Oil falls on China stimulus doubts

admin — Tue, 11 Nov 2008 11:35:58 +0000

Read full story for latest details.

Stocks headed for a fall

admin — Tue, 11 Nov 2008 11:35:31 +0000

Wall Street looked headed for a drop at Tuesday's open as recession fears, lower oil prices and jitters about the financial sector haunted investors.

U.K. House Prices Fell 5.1 Year-Over-Year

admin — Tue, 11 Nov 2008 10:35:58 +0000

U.K. house prices came in down 5.1% from September 2007. The release was lower than what analysts had predicted. The average price of a home stood at £208,583 in September 2008. UK house prices fell by 3.0 per cent in the quarter ending September 2008. This compares with a fall...

U.K. Trade Balance Reached -7.5B in September

admin — Tue, 11 Nov 2008 10:35:58 +0000

The U.K. deficit widened in September to 7.5B, smaller than market expectations of -8.0B. The previous number was revised higher, from -8.2B to -8.0B. The UKs deficit on trade in goods and services was £3.9 billion in September, compared with the revised deficit of £4.4 billion in August. The surplus...

Major Currencies Remain Trapped In Range Awaiting G20 Next Weekend Washington Meeting

admin — Tue, 11 Nov 2008 10:35:58 +0000

The Dollar was little changed against the Euro on Monday after falling earlier in the session as news of a large economic stimulus package from China made some traders more willing to take on risk. Initial optimism quickly faded as US stocks surrendered early gains on concerns that China's plan...

U.K. Trade Deficit Tightened More Than Expected

admin — Tue, 11 Nov 2008 10:35:58 +0000

U.K. September visible trade balance tightened more than expected, to GBP 7.48 bln versus a consensus forecast for 8.00 bln. The August deficit was revised to 8.03 bln from 8.20 bln. Both exports and imports rose m/m while the oil deficit was the smallest since June 2007. Overall, so far...

Germany And Euro-area Zew Had Slightly Improved In November

admin — Tue, 11 Nov 2008 10:35:57 +0000

The Zew Economic Sentiment indicator for Germany improved slightly in November, reaching -53.50 points. The index gained 9.50 points, much more than market expectations. The main reasons cited for the short recovery were the rescue package of the German government for the financial sector and the planned economic stimulus. At...

The Sterling Trades At A Record Low Versus The Euro

admin — Tue, 11 Nov 2008 10:35:57 +0000

The British pound traded near a record low against the euro as an industry report showed U.K. home sales dropped last month to the lowest level in at least three decades, adding to evidence the economy is in a recession. The sterling slid yesterday to 82.09 pence per euro, the...

Forex Technical Analysis

admin — Tue, 11 Nov 2008 10:35:56 +0000

EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4049 and 1.5194.

Technical Analysis Daily: GBP/USD

admin — Tue, 11 Nov 2008 10:35:56 +0000

Pound/Dollar continued its bearish scenario on Tuesday. The currency pair reached the bottom of 1.5575 and closed at 1.5606. So far the signals should remain descending. Immediate resistance is seen at 1.5700.The nearest support level is 1.5545. Break under this level could lead to further downward movement towards the region...

Daily Technical Strategist

admin — Tue, 11 Nov 2008 10:35:56 +0000

As recovery off the 1.2330 level has now materialized into a symmetrical triangle(clearly seen on the 4 Hourly chart),EUR remains trapped and now looks to break out of it as it approaches the pattern's apex. The break is expected to create directional moves either way but based on the direction...

Currency Pair Daily Forecasts

admin — Tue, 11 Nov 2008 10:35:55 +0000

EUR/USD-market strategy can be a sell from the level 1.2760$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line. In order to find the power of the market, we use...

Avances positivos

admin — Tue, 11 Nov 2008 10:35:54 +0000

SESIÓN ANTERIOR El Ibex-35 cerró ayer en negativo como consecuencia de la caída del número uno bancario, SAN que tras anunciar una ampliación de capital que sorprendió a todos fue el valor más perjudicado (-5,1%). Le siguieron en esta caída otras entidades financieras como BKT (-3,9%), BBVA (-1,9%). También cerraron la sesión en negativo IDR (-2,2%) y ABE (-2,2%). Los valores que más subieron fueron CRI (+3,9%) tras presentar unos buenos resultados correspondientes a este último trimestre. Las

Acciones más bajas por las preocupaciones de que la economía se contrae aún más

admin — Tue, 11 Nov 2008 10:35:53 +0000

Los datos del desempleo USA de la semana pasada no tuvieron efecto al final. Las acciones operarán más bajas por los temores de más contracción económica y los decepcionantes resultados de Vodafone. Calendario Publicaciones Económicas

Cuidado con la volatilidad e irracionalidad

admin — Tue, 11 Nov 2008 10:35:53 +0000

Las monedas no se están moviendo racionalmente………… La semana pasada fue un ejemplo claro ………. “Semana para permanecer fuera del Mercado” --- Mantenlo Simple, Mantenlo Seguro --- Mientras el mercado sigue moviéndose ampliamente sin una dirección/razón clara, en algunos momentos es más conveniente permanecer fuera del mercado por algunas sesiones. Si decide entrar y tratar de obtener ganancias, recomendamos lo que normalmente se hace en estos casos, manténlo simple; mantente seguro. Entra en las

Dólar en 12.80

admin — Tue, 11 Nov 2008 10:35:52 +0000

Oro negro en 59.91 Explicación de Gráfica Diaria Al término de una semana de luto en lo que es el ámbito mexicano, nos encontramos con una semana de incertidumbre. En estos momentos nos encontramos en una situación extrema, el mercado por un lado ve a EUA rumbo a la recesión; mientras la pregunta es, Cuál es el camino de México?. La incertidumbre se puede sentir en todos lados, e inclusive no se sabe quienes son los que se pueden salvar de dicha crisis mundial; es decir que la gente prefiere

U.K. Trade Deficit Tightened More Than Expected

admin — Tue, 11 Nov 2008 10:35:46 +0000

U.K. September visible trade balance tightened more than expected, to GBP 7.48 bln versus a consensus forecast for 8.00 bln. The August deficit was revised...

German Investor Confidence Rose as Policymakers Step Up Efforts

admin — Tue, 11 Nov 2008 10:35:38 +0000

The German November ZEW rose to -53.5, better than our median of -63 and up from -63 in October. The massive rate cuts over the past month and the announcement...

Global stocks pull back

admin — Tue, 11 Nov 2008 10:35:23 +0000

Stocks in Europe and Asia retreated Tuesday as investors were unable to shake their economic fears.

UK trade deficit narrows in September

admin — Tue, 11 Nov 2008 10:35:22 +0000

FXstreet.com (Barcelona) – UK’s deficit in goods and services trade with the rest of the world has narrowed more than expected in September, although it widened in the third quarter, according to figures released by National Statistics.

United Kingdom’s trade deficit has declined to GBP 3.9 billion in September from GBP 4.4 billion in August, revised down from the GBP4.7 billion deficit previously estimated.

Goods trade deficit has narrowed to GBP3.9 billion in September from GBP8.0 billion in August, also revised down from the GBP 8.2 billion deficit released last month.

In the third quarter, UK’s trade deficit has widened to GBP 13.1 billion from GBP 12.0 billion deficit in the previous quarter.

United Kingdom Sep Total Trade deficit narrows to 3.9B vs 4.4B in Aug

admin — Tue, 11 Nov 2008 10:35:22 +0000

FXstreet.com (Barcelona) For more information, read our latest forex news.

United Kingdom Sep Goods Trade deficit narrows to £7.5B vs £8.0B in Aug

admin — Tue, 11 Nov 2008 10:35:22 +0000

FXstreet.com (Barcelona) For more information, read our latest forex news.

Germany ZEW Survey - Economic Sentiment rises to -53 in Nov vs -63 in Oct

admin — Tue, 11 Nov 2008 10:35:21 +0000

FXstreet.com (Barcelona) For more information, read our latest forex news.

German ZEW economic sentiment index improves in November

admin — Tue, 11 Nov 2008 10:35:11 +0000

FXstreet.com (Barcelona) – Economic sentiment has improved in November in Germany, although it still remains at extremely low levels, while the current situation index has worsened substantially, according to the latest survey by the ZEW Institute.

The ZEW economic sentiment index has risen 9.5 points to -53.5 points in October, although it remains deeply below the 27.1 points historical average. Expectations for the Euro Zone have also increased, it was 14.5 points up in November to 50.4.

According to the ZEW Institute, the main reason for the improvement has been the rescue action by German government, which has slightly cheered financial markets experts, alongside with the increasing expectations of lower interest rates.

Nevertheless, the assessment of the current situation has worsened substantially as its correspondent indicator declined to 50.4 points from 35.9 points in October.

German Wholesale Prices Slip Lower, Supporting the ECB’s Dovish Outlook

admin — Tue, 11 Nov 2008 09:36:05 +0000

The German Wholesale Price Index fell 1.5% in October despite expectations for a 0.9% decline. In addition, the annual rate slipped to 3.6% from 5.8% as commodity prices continue to pull back from their record highs. Easing price pressures will certainly allow the European Central Bank to hold their dovish...

Sentiment Shifts Quickly

admin — Tue, 11 Nov 2008 09:36:04 +0000

The Usd was stronger in the Asian session, as the positive sentiment from China $570 stimulus package quickly wore off. The key driver was negative news from US financial and corporate equities, which pushed down equity markets. Risk aversion increased on reports that the government had altered the AIG bailout...

Chinese Stimulus Plan Only Stimulates Markets For A Few Hours As Risk Aversion May Return In Force

admin — Tue, 11 Nov 2008 09:36:03 +0000

The Chinese stimulus package announced over the weekend only managed to stimulate markets for half a day as the North American session yesterday saw the pendulum swinging back to bearish mode. The JPY crosses found resistance rather quickly and EURJPY traded from a high well over 128 to a low...

Daily FX Report

admin — Tue, 11 Nov 2008 09:36:02 +0000

The GBP trades in a downward trend versus the USD and lost more than 2000 pips in the last 3 weeks since the end of October. But in the last week the spread of the MACD becomes very tight. Also the candles became shorter, so a trend change could be...

Daily Forex Analysis

admin — Tue, 11 Nov 2008 09:36:02 +0000

EUR/USD The float within the widening bearish channel on the daily chart continues, as no significant breach has been made. The negative slope on the daily Slow Stochastic indicates the continuation of the bearish movement within the channel. Going short with tight stops appears to be the preferable strategy.

Currency Technical Report

admin — Tue, 11 Nov 2008 09:36:00 +0000

There is nothing new to add to our previous analysis. Euro moves within the triangle formation but in terms of the basic downtrend. Usually, triangle formations indicate the move resumption, but sometimes they are a part of reversal formations. A clear break would give more signs about the markets direction...

La preocupación económica sobrepasa el entusiasmo del paquete de rescate Chino

admin — Tue, 11 Nov 2008 09:35:58 +0000

Opinión de mercado La preocupación económica sobre pasa el entusiasmo de el paquete de rescate Chino. La bolsa de valores estadounidense (Dow Jones) cerro en baja de 73 puntos. Llegando a una mínima de 150 puntos la bolsa se recupero en los últimos minutos de comercio. El volumen de hoy fue poco. El gobierno estadounidense reformó el paquete de rescate de AIG, haciendo de este el paquete el rescate mas grande. GM cerro en la mínima no vista desde hace 60 años, con el banco inversionista

Forex Market Update: Euro-Dollar (EURUSD) Recovered From Intraday Low to 1.2780

admin — Tue, 11 Nov 2008 09:35:43 +0000

Euro-Dollar (EURUSD) recovered from early dip to trade back in to the 1.2780 region. Demand for EUR-GBP has been a supportive factor for EUR-USD, with...

Inescapable Global

admin — Tue, 11 Nov 2008 08:35:59 +0000

Since the beginning of the Crisis all the eyes were headed toward the United States as it was the source to all this destruction in financial markets; but now investors', citizens or any interested watcher are taking a wider outlook witnessing the fall down in some of the world's economy...

Equities Lower On Concern That The Economy Is Contracting Further

admin — Tue, 11 Nov 2008 08:35:59 +0000

The 'anti-hedge fund trade' seems to be losing some of its momentum, but we believe that it will still rule the market until year-end. Our estimates show that hedge funds have increased exposure to EURUSD (long) and that the big exposure to equity markets (MSCI EM and S&P500) is unchanged...