Aud/usd Parity On January

Dukascopy Fundamental Analysis EUR Stoxx Europe 600 index have dropped for third consecutive day and reached the lowest level since the start of this year as specialists speculate that elections in Greece could take place as early as 10 of June. The index lost 0.5% of its value by noon in London and around 10% from its peak this year in mid-March. USD Facebook increases the share offering by 25% to 421.2M shares to collect near $16B. At the offering's price of $34-$38 per share Facebook is rushing towards the largest technology IPO in the history. Production of utilities, mines and factory's in the U.S. surpassed expected 0.6% level and increased by 1.1% in April. GBP The number of unemployed people for January-March decreased to 2.63 million, 45,000 down on the quarter, the Office for ...

USD trading broadly higher (except against the JPY) as the Greek political impasse is raises concerns and increases risk aversion. The IMF remained firm saying that Greece must deliver necessary economic reforms and that it is not acceptable for the country to seek laxer loan terms. German officials are speaking out as well calling the latest developments ‘very worrying' and saying that Greeks must decide whether or not they want to stay in the euro. It is another light day for economic data in the US with weekly mortgage applications rising by +1.7% and March wholesale inventories due out at 1000ET. UST yields continues their descent across the curve with the 10-year yield falling below the 1.80% level as a result of both increased risk aversion and increased speculation of QE3. The ...

Fundamental Analysis EUR "Equities are stronger than in the fall, as central banks have moved to support the market with liquidity and removing the structural risks to banks" - Hans Peterson, the chief investment officer of SEB Private Bank Industrial new orders in the euro zone declined by more than forecast in February, Eurostat data showed on Tuesday. Orders decreased by a seasonally adjusted 1.3 per cent, after declining 2.9 per cent in January. USD "Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic" - Lynn Franco, director of the Conference Board Consumer Research Center U.S. consumer confidence declined in April as consumers became slightly less optimistic on the outlook of the country’s economy, the Conference Board Inc. ...

Dukascopy Fundamental Analysis EUR Dutch Premier Mark Rutte offered his minority coalition's resignation after his cabinet lost backing from Freedom Party caused by disagreements over deficit cut plans. The Freedom Party supported PM Rutte for about 18 months. Political uncertainty in the Netherlands cause boost concerns across whole Europe as the Netherlands was one of the nations than strongly favoured European Union fiscal treaty and in case of political collapse may turn to less EU-supportive policies. USD S&P/Case-Shiller 20-city composite index dropped to its lowest level since 2002, representing the cheapest house prices in a decade. Among 20 cities observed in the index, in 16 house prices have contracted while only three showed an increase. GBP Great Britain reported a bigger ...

Fundamental Analysis EUR "We expect the Greeks to rise to their responsibilities. This coming Monday, we will see whether Greece delivers or whether we will be forced to decide on another course of action, one that is not desired" - Steffen Kampeter, German Deputy Finance Minister The Euro rose against the US dollar and the Yen on Friday on hopes Greece was nearing a deal to secure a new rescue package despite rising worries about the ability of Greek leaders to rule the debt crisis. USD "We are seeing upward momentum in prices of food and other commodities that producers can’t pass along to consumers because consumers are still very fragile" - Lindsey Piegza, an economist at FTN Financial The Consumer Price Index (CPI) climbed 0.2% in January slightly below analyst median forecasts of ...

Dukascopy Fundamental Analysis EUR Germany expects EU finance officials to reach an agreement over Greek bailout on meeting due February 20, German lawmakers announced today. Greece should increase its responsibilities in order be rescued otherwise Europe will have to take another way of action, the one that nobody really wants, Steffen Kampeter, German Deputy FM, emphasized. USD 2011’s most hated stocks have increased in value almost twice as fast as S&P 500’s growth for the period. This trend has burnt short sellers’. The 26 stocks from S&P500, which had attracted the most of short-sellers’ attention, have gained 18% during the last year. The index itself has only gained 8% in the same period. GBP UK retail sales, released today by National Statistics, have positively surprised ...

Fundamental Analysis EUR "... we doubt that the euro zone will be able to avoid further contraction" - Howard Archer, chief economist for IHS Global Insight Euro zone economy contracted less than expected in the last quarter of 2011 as France and Germany helped mitigate the recession. Gross domestic product fell 0.3 per cent, said the European Statistical Office. USD "The housing market is moving toward more sustainable growth" - Barry Rutenberg, chairman of the National Association of Home Builder U.S. industrial output stagnated in January, after rising a revised 1 per cent in December, the Ministry of Economy, Trade and Industry reported on Wednesday. GBP "The U.K. labor-market data continue to paint a bit of a mixed picture, but the key point is that unemployment is still rising" ...

Fundamental Analysis EUR "... we doubt that the euro zone will be able to avoid further contraction" - Howard Archer, chief economist for IHS Global Insight Euro zone economy contracted less than expected in the last quarter of 2011 as France and Germany helped mitigate the recession. Gross domestic product fell 0.3 per cent, said the European Statistical Office. USD "The housing market is moving toward more sustainable growth" - Barry Rutenberg, chairman of the National Association of Home Builder U.S. industrial output stagnated in January, after rising a revised 1 per cent in December, the Ministry of Economy, Trade and Industry reported on Wednesday. GBP "The U.K. labor-market data continue to paint a bit of a mixed picture, but the key point is that unemployment is still rising" ...

Dukascopy Fundamental Analysis EUR Europe's largest economy contracted less than expected in fourth quarter, signalling Germany may avoid crisis despite declining demand across region. German GDP dropped 0.2% in last quarter of 2011 compared to 0.6% growth in the third quarter. Economists questioned by Bloomberg predicted a drop of 0.3%. Meanwhile France's economy unexpectedly in expanded 0.2% in last three months of 2011. USD Demand for automobiles pushed upwards the industrial production level in the US. The total industrial output rose by 0.7% in January; the December figure was revised to +1.5%. Analysts believe that shortages in business inventories and increasing machinery investments will keep industrial output level quite high in near term. GBP UK unemployment rose to 2.67, ...