Atunicredit Markets And Investment

Fundamental Analysis EUR "The salvation of the country, remaining in the euro, means great sacrifices" - Evangelos Venizelos, Greek finance minister Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official. USD "Markets would love to see some certainty, and we don't have any of that at the moment" - Frank Lesh, a futures analyst and broker at FuturePath Trading LLC U.S. stocks rose on Tuesday as investors awaited the outcome of discussion on a financial aid package for Greece. GBP "After a stronger-than-expected December, these latest figures are rather sobering" - Helen Dickinson, head of retail at KPMG U.K. retail sector contracted in January as shoppers limited their ...

Fundamental Analysis EUR 17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116. USD US President Obama ordered to freeze all Iran's central bank and governments assets deposited in US or in any overseas branch of US entity, announced the White House today. President Obama claimed Iran current activities to be a serious threat to international financial system. Before the order, only assets owned by sanctioned Iranian ...

Fundamental Analysis EUR "There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012" - Carsten Brzeski, senior economist at ING Group German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday. USD "You wonder when people are going to look beyond Greece to the real issue, which is Italy" - Jeffrey Sica, president and CIO of Sica Wealth Management U.S. stocks declined on Monday, snapping a three-day winning streak, after the meeting of euro zone ministers was postponed because of Greek reluctance to commit to reforms. GBP "If the UK ...

Fundamental Analysis EUR 17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30. USD Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by Eric Schneiderman, Attorney General of New York. According to Schneiderman, the lenders' use of database (MERS) led to inadequate foreclosures. Banks are accused of misleading home-owners, undermining foreclosure proceedings and creating uncertainty about proprietorship interests in real estate. ...

Fundamental Analysis EUR "The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter" - James Ashley, senior European economist at RBC Capital Markets Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October. USD "The report was much better than expected in terms of indicating fundamental strength in the economy" - Pierre Ellis, senior economist at Decision Economics The number of Americans, who have found a job in January rose to nine-month high of 243,000, said the Labor Department on Friday, pushing unemployment rate lower to 8.3 per cent, the lowest ...

Dukascopy Fundamental Analysis EUR Royal Dutch Shell announced it plans to invest more to boost production. The company reported it would invest 30 billion US Dollars into the new gas and oil projects in 2012 as compared to 24 billion US Dollars invested in 2011. The move came after the company announced the annual rise in net income by 50% to 28 billion US Dollars in 2011. USD US employment surged more than predicted in January while the unemployment level dropped to the lowest reading in last three years, confirming the US labour market is recovering and raising doubts about Fed's pledge to maintain interest rates down by the end of 2014. The number of payrolls increased by 243 000 and the jobless rate decreased to 8.3% in January. Economists earlier predicted the unemployment level ...

Dukascopy Fundamental Analysis EUR " is probably going to retake the topside, but $1.34 is probably where it tops out" - Westpac Banking Corp. (based on WSJ) Despite pair’s recent determined advancement, EUR/USD is expected to remain capped be a key resistance line located at 1.3245/50. USD "Risk appetite is fairly positive at the moment, and this could continue for a couple of weeks. Typical safehaven currencies have taken a step back now" - Rochford Capital (based on Bloomberg) A tough resistance area at 102.55/60 is unlikely to let EUR/JPY rally in the nearest future, pushing the pair down toward 99.00/98.90. GBP "If QE is 25 billion, sterling could stabilise and even rally. If it is 75 billion, sterling may come under pressure" - UBS (based on Reuters) En route to 1.6170/90 (200 ...

Dukascopy Fundamental Analysis EUR The ECB is expected to reject helping to lessen Greek debt load until private creditors and government reach an agreement. Greek investors are boosting pressure on ECB to support the debt swap, however, the bank's officials are awaiting for the final agreement before disclosing ECB strategy which may contain sacrificing profits from Greece's bonds. USD Head of Fed Ben Bernanke claims that the US economy is on the path towards recovery while still remaining fragile. Bernanke pointed out that recent employment, spending and production data have improved. Bearing in mind stable inflation expectations, anchored commodity prices and labor and production reserves, Bernanke expects low inflation in near term. GBP FTSE 100 Index fluctuated between gains and ...