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Today: ECOFIN Meetings (EUR)
Source European Council (latest release)
ECOFIN meetings are usually held in Brussels and attended by Finance Ministers from EU member states. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded;
Why Traders Care:
ECOFIN is the Eurozone's broadest financial decision making body. The council coordinates economic policies of the 28 member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health;
Acro Expand The Economic and Financial Affairs Council (ECOFIN);
Source European Council (latest release)
ECOFIN meetings are usually held in Brussels and attended by Finance Ministers from EU member states. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded;
Why Traders Care:
ECOFIN is the Eurozone's broadest financial decision making body. The council coordinates economic policies of the 28 member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health;
Acro Expand The Economic and Financial Affairs Council (ECOFIN);
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Why Euro / dollar store trend
Germany drops by 1.2% in the industry in October
German industry and trade balance , confidence in the Euro zone were aligned to signal a slowdown inevitable. With a lower industrial production by 1.2% in October and a weaker trade surplus , Germany shows that it needs rest . Meanwhile, Such concerns typically lead to a correction of the currency concerned, but this time the markets seem enchanted . And why take the best part of the U.S.. The slowdown does not shake enthusiasm and explanation may hold talks in Congress. Until December 13 can reach an agreement that would prevent automatic spending cuts , again avoiding blocking U.S. public sector . Such an approach requires a serious aproblemelor rolling into an uncertain future . Which would force again, the Federal Reserve to provide the monetary stimulus . So now think about markets , thus arguing the expense of the dollar, which he lost in the face of the euro. Euro received , however , and currently enjoys the support of China , which seeks to diversify its reserves . The trend is true , but in December could bring a surprise on 18th .
Germany drops by 1.2% in the industry in October
German industry and trade balance , confidence in the Euro zone were aligned to signal a slowdown inevitable. With a lower industrial production by 1.2% in October and a weaker trade surplus , Germany shows that it needs rest . Meanwhile, Such concerns typically lead to a correction of the currency concerned, but this time the markets seem enchanted . And why take the best part of the U.S.. The slowdown does not shake enthusiasm and explanation may hold talks in Congress. Until December 13 can reach an agreement that would prevent automatic spending cuts , again avoiding blocking U.S. public sector . Such an approach requires a serious aproblemelor rolling into an uncertain future . Which would force again, the Federal Reserve to provide the monetary stimulus . So now think about markets , thus arguing the expense of the dollar, which he lost in the face of the euro. Euro received , however , and currently enjoys the support of China , which seeks to diversify its reserves . The trend is true , but in December could bring a surprise on 18th .
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China can manage inflation, but the debt becomes a problem
The data show that prices affect consumers advance slowed to 3% in November , annualized rate , and the prices producers fell by 1.4%. The central bank will have the option to throttle the liquidity provided by banks only if the price index would spiral out of control - and this does not in sight anytime soon. The trade balance showed a surplus of 33.8 billion dollars in November , exports advancing by 12.7 % on the previous year . Amazing results , generated in large part by growing demand for holidays in Western Europe and the U.S. , but correlated with a stronger global economy . Everything seems fine on the surface . The figures can hide but also exports to " disguise " capital inflows in China, as happened this year in May, after the imposition of stricter regulations .
But China 's panda another significant risk : the quality of loans made by non - financial companies bonds . In 2014 maturing debt of 2.6 trillion yuan ( 420 billion dollars) with one-fifth more than last year and a peak of the last eight years . How prepared are financial markets to roll over debt? It is time to worry? The prospect of a trader needs to be balanced , grasping opportunities viewed with detachment. The risk of default has grown significantly as the signal that the central bank will no longer tolerate taking extraordinary risks . Increasing interest rates can push across the line a number of borrowers , triggering domino effects. The stock market is not ready for such a scenario , and optimism it can keep the short term. But the coming months may bring realistic market adjustments , meaning a stop funding bad . Market Sentiment would then be easily reversed.
The data show that prices affect consumers advance slowed to 3% in November , annualized rate , and the prices producers fell by 1.4%. The central bank will have the option to throttle the liquidity provided by banks only if the price index would spiral out of control - and this does not in sight anytime soon. The trade balance showed a surplus of 33.8 billion dollars in November , exports advancing by 12.7 % on the previous year . Amazing results , generated in large part by growing demand for holidays in Western Europe and the U.S. , but correlated with a stronger global economy . Everything seems fine on the surface . The figures can hide but also exports to " disguise " capital inflows in China, as happened this year in May, after the imposition of stricter regulations .
But China 's panda another significant risk : the quality of loans made by non - financial companies bonds . In 2014 maturing debt of 2.6 trillion yuan ( 420 billion dollars) with one-fifth more than last year and a peak of the last eight years . How prepared are financial markets to roll over debt? It is time to worry? The prospect of a trader needs to be balanced , grasping opportunities viewed with detachment. The risk of default has grown significantly as the signal that the central bank will no longer tolerate taking extraordinary risks . Increasing interest rates can push across the line a number of borrowers , triggering domino effects. The stock market is not ready for such a scenario , and optimism it can keep the short term. But the coming months may bring realistic market adjustments , meaning a stop funding bad . Market Sentiment would then be easily reversed.
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The U.S. dollar depreciated against the euro and reached round 1.3700 after U.S. employment data on Friday. The yen fell against the dollar after data than expected Japanese GDP. New Zealand dollar appreciated against the yen amid better than expected data on Chinese exports.
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Today's: market moved a little bit on NFP, but it was a good day...100% wininng trades...
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Osborne : GDP rises , unemployment falls
British Finance Minister delivers speech autumn, November perspectives on the economy. Estimates of GDP growth are now 1.4 % this year and 2.4% in 2014, significant appreciation against the spring forecast . To reduce the deficit found in 7% of GDP , it takes additional steps. New taxes for banks will bring 2.7 billion pounds in 2014-2015 . Other 9 billion will be raised through a better collection ( as recommended to others ) in the next five years. Borrowing by UK will be £ 111 billion this year and will reach 23 billion year 2017-2018 .
Property market is a hot topic these days talks about a speculative bubble is ever present . Osborne said that the offer is currently limited and wants a balanced market . Concrete measures related to taxation of non-residents who make profit from the sale of housing, public housing and encouraging sales of higher taxes on capital gains in the second house , from 18 % to 28 % .
Pound had a joyful time in the first part of the speech , focusing on constructive estimates for GDP - taxes on the news about the excitement cooled buyers . Lira is tranzacţonează within versus USD , before U.S. data on Thursday and Friday.
British Finance Minister delivers speech autumn, November perspectives on the economy. Estimates of GDP growth are now 1.4 % this year and 2.4% in 2014, significant appreciation against the spring forecast . To reduce the deficit found in 7% of GDP , it takes additional steps. New taxes for banks will bring 2.7 billion pounds in 2014-2015 . Other 9 billion will be raised through a better collection ( as recommended to others ) in the next five years. Borrowing by UK will be £ 111 billion this year and will reach 23 billion year 2017-2018 .
Property market is a hot topic these days talks about a speculative bubble is ever present . Osborne said that the offer is currently limited and wants a balanced market . Concrete measures related to taxation of non-residents who make profit from the sale of housing, public housing and encouraging sales of higher taxes on capital gains in the second house , from 18 % to 28 % .
Pound had a joyful time in the first part of the speech , focusing on constructive estimates for GDP - taxes on the news about the excitement cooled buyers . Lira is tranzacţonează within versus USD , before U.S. data on Thursday and Friday.
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