In the first hours of trading on Friday, the euro started to decrease in value from 1.3200 dollars earlier today reached 1.3010 dollars. This morning the currency pair is trading at 1.3010-1.3025.
The movement today, according to my analysis Forex Trends NET, in overcoming the resistance zone of 1.3030-1.3045 dollars, the aim of the euro will be reaching and testing the zone 1.3065-1.3085 dollars. If successful the upward trend will continue to 1.3105-1.3125 dollars. In the fall of the euro area in support of 1.3010-1.2980 dollars, it will seek further support in the 1.2960-1.2940 area dollars. In a breakthrough and it will continue downward movement of 1.2920-1.2900. According to our analysts is it expected the EUR to increase highly its price, as it is reaching the bottom and pretty long time staying there. The good economy data is expected from European Union and the president debate in France is expected with high interest, which is highly reflect to the EUR/USD rates
16.04.2012: EUR/USD will increase and will reach 1.31
16.04.2012: The Gold will be traded in range 1645.00-1651.75 USD
During the trading on Friday, gold fell in value between 1677.70 USD to 1649.05 USD per ounce. This morning it is trading at 1645.00-1651.75 USD.
The movement today, according to my analysis Forex Trends NET, if gold zone successfully overcome resistance 1656.40-1662.30 USD, the aim of the movement will be reaching and testing the zone 1666.35-1671.10 USD. If successful, the upward trend will continue to 1675.30-1678.45. In fall below the support 1651.55-1645.65 USD, it will be the next support zone 1640.45-1635.65 USD. In a breakthrough and it will continue downward movement of 1629.30-1621.40. In ANy case the most expected price for the gold is into the range of 1645.00-1651.75 USD, which is actual price of the metal.
16.04.2012: Crude Oil will be traded in range 102.70-103.15 USD
During the trading on Friday the May oil futures fell in value from 103.80 USD to 102.55 USD per barrel to barrel. This morning they are traded at levels 102.00-102.40 USD.
The movement today, according to my analysis Forex Trends NET, if oil is successfully overcome the resistance zone 102.70-103.15 USD, the aim of the movement will be reaching and testing the zone 103.55-104.05 USD. If successful, the upward trend will continue to 104.85-105.40. In fall below the support 102.20-101.85, the next support zone will be 100.85-100.20 USD. In a breakthrough and it will continue downward movement at 99.70-99.20.
The industrial production in EU grew with 0.2% in February 2012
The Eurozone industrial production in February rose 0.5 percent on a monthly basis, refuting the estimated decline, reported the Eurostat. However, data for January were adjusted to a lack of change on a monthly basis from the previously announced 0.2% contraction and 1.7% yoy decline in announced 1.2%. On an annual basis in February even registered a decline of 1.8%. Data with seasonal adjustment. In the European Union as a whole in February industrial production grew by 0.2 percent on a monthly basis and on an annual basis a decrease of 1.8%. In February, a month earlier energy production has increased by 7.7% in the euro area and by 6.6% in the EU. The means of production growth is respectively 0.7% and 0.1%. The production of intermediate goods for use has shrunk by 1.4% in the Eurozone and by 1.5% in the EU, while that of durable goods declined by 1.6% and 2.0%. On a monthly basis are produced by 2.0% less on durable goods in the euro area and by 2.4% in the EU as a whole. The industrial production in the countries reporting to Eurostat grew at 9 and has shrunk to 13. The highest growth was registered in the Netherlands – 13%, followed by Slovakia with 2.8% and Finland 2.1%, while the most significant decline was in Malta – by -4.6%, Sweden – by -3, 6% and Ireland – from -3.2 percent.
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The producer prices in Britain rose by 0.6% in March 2012
The producer prices in Britain rose by 0.6% in March on a monthly basis in part because of increased prices of petroleum products, tobacco and alcohol, according to the British Office for National Statistics. On an annual basis production inflation slowed to 3.6%, the lowest level experienced by two years. This process continues from September 2011 when it accelerated to over 6%.
The prices at which producers have purchased materials, did have increased by 1.9% on a monthly basis and by 5.8% annually. The analysts attributed the acceleration of inflation, input manufacturing high price of oil. “The fact that input prices are increased by 1.9% on a monthly basis, indicates that the price of oil has impacted significantly in the last month and I would not be surprised if we see further pressure in this regard over the next few months”, said Peter Dixon of Commerzbank.
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The US consumer prices rose 0.3 percent in March 2012
The U.S. consumer prices rose 0.3 percent in March after falling electricity prices stopped its rise in energy prices, announced the U.S. Department of Labor. In February, consumer price growth was 0.4%. The today’s data coincided with expectations of analysts. If we exclude highly volatile prices of food and energy, inflation pressures remain moderate, while prices rose by 0.2 percent on a monthly basis after rising 0.1 percent in February. In March, inflation was pushed up the prices of gasoline, which rose by 1.7%, though the process will slow down after growth of 6% in February.
The price of electricity fell by 0.8%, which is the most serious downturn of June 2011 In March, food prices rose by 0.2%. On an annual basis the overall consumer inflation slowed to 2.7% in March after a 2.9 percent registered in February. The main consumer inflation, however, has accelerated last month to 2.3 percent from 2.2 percent in February after it was reached in October low of 0.6%.
When You Need Fast Cash, A Online Payday Loans Might Be Right For You
Rent, and power, and cable, OH MY! These days, bills seem to stack up, and we soon find ourselves lost in an endless sea of final notices, overdraft fees, and disconnected amenities. Even when working overtime, checks may not come soon enough, often enough, or in large enough amounts to pay off all the things we need to. That’s where payday loans come in.
Payday loans are short term loans secured against your next payday. They are based off of previous employment history, and are typically one to two week loans of a small amount of money. While different lenders advertise different maximums on loans, the average payday loan can be up to $1000. Some lenders may have salary requirements in place that must be met before a loan can be given, but it is often low, making online payday loans accessible to those who need it most. Unfortunately, some regions do not allow for payday lending at all, but the option is available in most urban areas.
One aspect to be wary of when dealing with this type of loan is that, like any other loan, it does accrue interest, although the interest rates are typically higher. To combat defaulting or paying back significantly more than you borrowed, taking out a payday loan that is one-third to one-half of your expected paycheck will allow room for interest expenses, while also allowing the rest of the check to be used for other bills or purchases.
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The French GDP grew with 0.2% in Q4 2011
The French economy has expanded over the last three months of 2011, contrary to expectations for moderate shrinkage. This in turn suggests that France is better equipped to fight the effects of debt crisis in the euro area than previously thought. The Gross domestic product grew by 0.2% qoq and 1.7% annually, according to data from national statistical institute Insee, published earlier today. Economists interviewed by Dow Jones, predicting GDP to shrink by 0.1%. Despite signals contraction in industrial production and consumer spending in December as the main engine of the economy, Insee reported that growth in industry and investment have supported the economy in the fourth quarter of 2011.
“The data returned back our forecast for growth in 2012″, said Finance Minister of France – Francis Baron in a radio interview. Last month the country’s government adjusted its forecast for 2012 growth to 0.5% from 1.0% previously. The lower forecast was made primarily because of public finances – with the government expects the new forecast 5 billion less revenue from taxes and fees. The economic data will most likely have an effect on the elections this year. The public closely monitor unemployment, which strives to psychological barrier of 10%, reaching levels of 11 years ago.
Business stocks in USA are rising
The stocks in the U.S. business sector grew moderately in December as companies have experienced relatively strong demand at year end. According to export data, stocks as a whole increased by 0.4% to 1.556 trillion USD projected to increase by 0.5% compared to the non-revised 0.7 percent in November. Meanwhile, sales in the country’s business sector grew by 0.7% in November to 1.230 trillion USD, which is the fastest speed for the last 5 months. The business inventories have a significant impact on the U.S. economy in the fourth quarter of last year, contributing 1.9% growth of 2.8%. These preliminary data on GDP were published last month.
Better than expected inventories at the wholesale level posted last week, representing about 30% of the total stocks have led many economists to revise upward their expectations second estimate of GDP (revised) for the last three months of last year.
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The monetary policy should be connected with the economic environment
The president of the Philadelphia FED Charles Plosser claimed that the U.S. Federal Reserve should not be bound by the final date for keeping interest rates near zero as the economy improves.
“I do not support the practice to suggest how to manage policy by saying that economic conditions will likely lead to lower interest rates until a specified date. Monetary policy should be linked to the economic environment, not the calendar”, said Charles Plosser.
Charles Plosser said that it supports the decision of the FOMC in January, because economic conditions do not require further adjustment. Previously, the central bank expected to lower interest rates to remain at least until mid-2013. Charles Plosser is known for being one of the three most skeptical members of the FED, when it comes to current monetary policy. He believes that the long-standing efforts to maintain low interest rates can lead to deformation of the financial markets and the misallocation of resources.
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