Below Parity On A Six To Twelve

Fundamental Analysis EUR "The world needs a strong leadership role from Germany today, and it is Germany’s core interest to provide such a role" - Christine Lagarde, IMF managing director International Monetary Fund managing director Christine Lagarde warned on Monday that the global economy could slide into a “1930s moment” if Europe does not solve its fiscal problems, and said Europe’s largest economy must contribute more money to avert financial collapse. USD "It’s been a brisk run in risk assets this year" - Stephen Wood, chief market strategist at Russell Investments U.S. stocks closed mixed on Monday as investors debated whether a three-week rally in equities was warranted. GBP "We believe the risks to current 2012 profit forecasts are more evenly balanced than implied by ...

Fundamental Analysis EUR Germany and France are looking for the ways to relax the worldwide banks' capital rules to limit negative impact on the real economy. Finance ministers of France and Germany are going to call for special treatment for financial institutions that are involved in insurance business. Moreover, ministers will urge essential clauses of the Basel III guidelines on the basic capital requirements. Banks all over the world will be obliged to comply with Basel III requirements on disclosing the quality and size of capital buffers starting from 2013. USD Mixed sentiment was experienced by investors earlier today on speculation of further QE carried out by the Fed. S. Hoffman, PNC economist, claimed that QE3 is unnecessary, and might have a negative effect on the ...

Fundamental Analysis EUR " orderly default in the short term is the most likely scenario" - Marc Ostwald, senior strategist at Monument Securities The euro zone’s debt crisis will remain unresolved, even if Greece defaults in the forthcoming months, believes Marc Ostwald, senior strategist at Monument Securities. USD "We’re starting to see improvement in some of the key leading housing indicators" - Carl Riccadonna, a senior U.S. economist at Deutsche Bank Securities Inc. Sales of existing U.S. homes rose for a third consecutive month in December, a sign the housing market is gaining momentum. Purchases grew 5 per cent to a 4.61 million annual rate, said the National Association of Realtors on Friday. GBP "The 0.6% increase in retail sales volumes in December boosts hopes that the ...

Dukascopy Fundamental Analysis EUR German court ruled in favor of Apple in the global lawsuit against Apple regarding the technological patents. The court also announced that Samsung will have the opportunity to appelate the court's decision; however, the company has not yet decided Whether the apellation will be submitted. USD Stock futures traded neutrally on Friday, as the company results were awatted by investors. GE and Google Inc. were in the spotlight after rather sisappointing bottom line results presented recently. GBP Office for National Statistics released the UK retail sales data - the sales volumes increased by 0.6% in November-December. The y/y change of retail sales was +2.6%, indicating a decent growth. November retail sales figure was revised to -0.5%. CHF The official ...

Fundamental Analysis EUR "Spain is showing the market there’s ample demand for their paper" - Padhraic Garvey, head of developed markets debt strategy at ING Bank NV France and Spain, both downgraded by Standard & Poor’s last week, paid lower borrowing costs on Thursday, compared to their previous auctions, a sign the ECB’s refinancing operation alleviated market concern over the Europe’s debt crisis. USD "You’ve got a gradual improvement in the labor market" - Brian Jones, a senior U.S. economist at Societe Generale The number of Americans claiming for unemployment benefits dropped by 50,000 to 352,000 in the week ended January 14, the lowest level in nearly four years, said the Department of Labor on Thursday. GBP "Right to the end, 2011 was an extremely tough year for UK consumers" ...

Dukascopy Fundamental Analysis EUR Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in the first months of 2012 but strengthen later fuelled by increase in employment, and stronger growth. Domestic consumption is predicted to surge 1.1% this year compared to 2.2% in 2011. USD Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate ...

Fundamental Analysis EUR "The biggest challenge is to respond to the crisis in an adequate manner" - Christine Lagarde, the IMF Managing Director The International Monetary Fund is aiming to increase its lending capacity by 500 billion dollars to protect economies from the escalating euro zone debt crisis. GBP "Unemployment could become one of the main economic and political issues this year" - Peter Dixon, an economist at Commerzbank AG The number of people claiming unemployment benefits rose by 1.2 thousand to 1.6 million in December and the unemployment rate increased to 8.4 per cent, the highest rate in 16 years, said the Office for National Statistics on Wednesday. USD "Builders are seeing greater interest among potential buyers as employment and consumer confidence slowly ...

Dukascopy Fundamental Analysis EUR Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January. USD Goldman Sachs reported a profit drop of 58% today, and the fall in revenues was followed by a deep cut in employee compensation. Q4 net income slid to USD 1.01B, or $1.84 per share. The employee compensation was reduced by 21%, and the international growth was boosted in order to gain more revenues for trading. GBP UK unemployment increased by 118 000 during three months until November, Office for ...