Weighted Mainly In Euros

Fundamental Analysis EUR Spanish sale "was a test for demand, to check if it was still solid despite worries about the country's fiscal consolidation" - Annalisa Piazza, a fixed-income analyst at Newedge Group Spain placed 3 billion euros of debt on Thursday at lower costs, compared to the last auction in February, drawing strong support from investors. USD " suggest that the recovery is firmly on track" - Scott Brown, chief economist at Raymond James The number of Americans claiming for unemployment benefits declined to the lowest level since 2008 in the week ended March 10, suggesting the labour market is gaining momentum. Jobless claims fell by 14,000 to 351,000, said the Department of Labor on Thursday. GBP "This is a salutary reminder as to why Britain needs to deal with the ...

Dukascopy Fundamental Analysis EUR European vehicle sales plunged in February driven by Peugeot Citroen, Fiat and Renault as region's consumers suspended large scale purchases amid economic uncertainty. February registrations dropped 9.2% on annual basis to 923,381 million cars, the fifth straight monthly drop. Deliveries in France tumbled 20% whereas sales in Italy plummeted 19%. BMW and Toyota forecast a 5% decline in Europe region for 2012. USD Analysts predict that Apple share price may climb even 19% or above USD 700 a share on the issue of new iPAD. Morgan Stanley's analyst Katy Huberty already has increased company's stock price tagets above USD 700. The mean price target among analysts questioned by Bloomberg equals USD 605. Apple rallied 3.8% to USD 589.58 on Wednesday trade ...

Fundamental Analysis EUR " is a crucial step forward toward the adoption of the second program" - Olli Rehn, EU Economic and Monetary Affairs Commissioner Germany and the European Commission welcomed Greek approval of additional austerity measures required to secure a 130 billion euro bailout from international lenders. USD "It’s a continuation of the bull market and we’re encouraged by what we are seeing in Europe" - Laszlo Birinyi, president of Birinyi Associates Inc. U.S. stocks rose on Monday after Greek lawmakers turned austerity plan into law to secure rescue funds from the International Monetary Fund and Europe. GBP "Growth is starting again because we’ve got tentative signs of optimism" - John Cridland, CBI Director-General The Confederation of British Industry said the nation ...

Fundamental Analysis EUR France's private business activity eased up in January, reflecting the first increase in the four consecutive months. The Markit Flash France Composite Output Index approached 50.9 in January from 50.0 last month. The increase was mainly based on the rapid expansion of the service sector that achieved 51.7 from 50.5 last month. At the same time, manufacturing sector production declined to 48.5 from 49.2 in December. USD US stocks started off on the downside due to lack of progress in Greek debt talks; S&P500 snapped its five-day rally and started falling after the opening bell. Analysts believe there’s too little movement in the talks between European leaders and Greek officials concerning the future of Greece’s debt as the potential default date is approaching. ...

LONDON (Reuters)- From credit bottlenecks in eastern Europe to slower growth in China, delays in tackling the euro zone's debt crisis are causing ever-greater economic and financial damage well beyond the borders of the 17-nation bloc. As politicians dither over how to share the costs of cleaning up the mess and preventing a recurrence, concern is mounting among policy advisers and academics that Europe could be condemned to several years of sluggish growth as excess debts are gradually worked off. And wrangling over how to pay for decades of debt accumulation is not limited to Europe. As Francesco Garzarelli of Goldman Sachs has noted, the political stalemate over how to reduce the U.S. budget deficit is another example of the difficulties advanced economies face in reforming the ' ...

(Reuters) - The euro fell broadly on Monday, touching a three-week trough versus the dollar as worries about Greek and Italian public deficits and a regional election rout for Germany's ruling party cast more doubt on the euro zone's ability to tackle its debt crisis. The single currency fell to $1.4113 on electronic trading platform EBS, its weakest since mid-August. It pared losses as Asian sovereign names stepped in to buy the euro ahead of $1.4110, while bids were seen below that key technical support level. Other currencies perceived to be higher risk, including the Australian and New Zealand dollars, also took a hit against the dollar, while the greenback climbed to a one-month high versus a currency basket. The suspension of an EU/IMF mission to Greece late last week has raised ...

(Reuters) - Americans worried about a weaker dollar may want to get used to it. Whatever Treasury Secretary Timothy Geithner may say about a strong dollar being in U.S. interests, the likelihood is that the currency will fall sharply in the next few years. And you don't have to go much further than the pressure Washington is putting on China to revalue the yuan to explain why. If the yuan appreciates between an annual 5-7 percent against the dollar over the next five years, as some analysts and traders expect, then the dollar is likely to slide anywhere between 20 to 30 percent on trade weighted and other indexes based on baskets of currencies. And that isn't just the direct impact of the yuan on those indexes but because a strengthening of the Chinese currency would have a knock-on ...

Weekly Focus: All Eyes on Ireland Market Movers ahead * Euroland will get a lot of attention next week as the details of a possible rescue package for Ireland are being negotiated in Dublin. * We expect the German Ifo and the euro area PMI to show moderate declines. In Switzerland, we look for the KOF to continue lower. * In the US, the week will be shortened by the Thanksgiving holiday, which also kicks off the Christmas shopping season on so-called Black Friday. * The FOMC minutes will reveal the committee's new growth projections and give an indication as to which parts of the purchase programme caused discussion. * The main event in Norway is the release of GDP figures for Q3. We expect mainland GDP to climb 1.0% q/q, which is above the trend rate. Global update ...