The U.S. economy will be , from what we can see , a good economic year than ended . Some of brakes made public uncertainty and increase taxes in 2013 will disappear and consumers are now healthier finances . Meanwhile the U.S. is aggressively developing shale resources combustibii , pushing up strong offer on the North American market ( OIL.WTI ) , but almost no impact on Brent (OIL ) . As the U.S. accelerating, slowing Chinese economy ( although the U.S. and China aimed at 3% down to 7%). But Brent 's is compressed and reduced geopolitical risk premium . Libya is to export more this year after protests from some export facilities . Iran follows the appeasement after economic sanctions regime imposed too heavy times changed. Was halted uranium enrichment work , as announced by the IAEA , and the facilities will be open for inspection. Only the sharp decline in stocks ( winter was tough in the U.S.) prevented a landing sales last week. Now , with the needle in the contraction of core can capture oil ? Funds and large speculators decrease their positions on the buying and selling of growth , with a fluctuation of more than 14,000 contracts net is a sign of lost confidence . But taking into account the depreciation already undergone a positive correction can easily draw , receiving technical arguments after closing above 106.60 .
The dollar is close to the biggest weekly gain in the last two months after it has appreciated against most of its counterparts while the Japanese yen managed to limit its losses before it. The Australian dollar continued its decline amid rumors on the potential cutting the policy rate.
European stock markets remained close to the maximum of six years after the U.S. macro data was in line with expectations. U.S. stocks fell after the financial reports of companies disappointed investors. Asian capital market fared floating before China's economic reports next week.
The dollar appreciated against the Japanese Yen for the third consecutive day on positive data coming from the U.S. economy. The euro weakened against the dollar, reaching 1.3622 level. The Australian dollar fell against its counterparts last three years minimum reached after a surprising increase in unemployment. European equity markets gained ground after the World Bank increased global economic growth forecast. U.S. stocks have been increasing following the publication than expected indicator of manufacturing sector. Asian capital market had a fluctuating trend data today before the U.S. labor market.
The U.S. dollar appreciated against most of its counterparts after retail sales were published than expected. The Canadian dollar continued its decline against the depreciation of oil, the main export of the country. Japanese Yen lost ground against the euro and the dollar as a result of the current account deficit to a record of Japan.
Falling interest rhymes with strong Euro .. commonly
Spain received last week from investors the best gift after the financial crisis : interest securities offer 2.21% for 5 years , values comparable to 2006 when no cloud seemed to be looming on the horizon. Market interest rate of 1.01 % on government bonds with maturities of two years , there is minimal post- crisis, but even after 1993 when Bloomberg collect the data . Spanish finance minister warned that the recovery is still fragile , and proved more complicated than anticipated .
Today another big economy " southern " , Italy, raised in the markets Euro 8.2 billion , almost proposed. Cost titles on three years reached 1.51 % record low. What does this mean for the country and for the euro ? Payments on public debt are related Italy deficit - otherwise, would record surplus finances , a situation different from that of France , for example. Interest rates should remain low but a much longer period to help significantly treasury, and also encourage credit flows to the real economy . For the Euro , in the old days of the crisis, lower interest rates mean secondary market appreciation. There seems to be appropriate, wincing slightly and leaving the Euro is then recalibrated dollar booty interest - perhaps adjustments mature interpretation of data on Friday.
With frowning to skim Investors see ECB to provide liquidity determination in a wide range of transmission channels, and decide that sovereign bonds are cheap , but for the same reason , Euro becomes less interesting.
Scandal at the top of the global banking system : the Federal Reserve initiated an investigation
U.S. Federal Reserve is investigating the largest banks in the world to determine whether traders manipulated pointers currency markets , with a turnover of 5,300 billion per day, according to Bloomberg .
Federal Reserve joins the growing number of central banks and governments that run investigations for suspected market manipulation exchange by exchange of confidential information between traders of the largest banks in order to maximize their profits , said Bloomberg a source close to the situation.
Banks risk heavy fines .
" Fed may at discretion whether and how to amend the banks if poor internal control mechanisms and the lack of proper supervision resulted in manipulating exchange rates by traders ," commented a former federal prosecutor Bloomberg U.S. attorney now .
Fed sanctioned several banks last year to deficiencies in the internal control mechanisms , including breaking the embargo on transactions with entities in Iran and bad bets on financial derivatives market .
Deutsche Bank, Citigroup, Barclays and UBS controls more than half of Currency Trading globally , according to Euromoney Institutional Investor .
Authorities in Britain and Switzerland , and the U.S. Justice Department investigation for handling menus own indexes on foreign exchange markets .
At least 12 banks have been contacted by authorities . Some lending institutions, including British banks Lloyds and Royal Bank of Scotland , announced that an internal investigation menus .
Citigroup announced last week that fired the spot trading director for Europe , Rohan Ramchandani , one of the traders under investigation .
Friday's report from the U.S. labor market has left many gaping. And while fans dollar pockets were emptied, lowering unemployment was regarded with reserve, while the low figure of only 74,000 new jobs created has captured the entire interest. "Deferral of moderation" opinion makers thought that crossed methodical sales dollars. But if the last dollar decreased interest was evidence of a favorable feeling brought and purchases of shares, this time they were instead sold. Return was only modest U.S. markets.
The dollar appreciated against its counterparties after ADP report showed an improvement in the U.S. labor market. The Canadian dollar continued its decline against the dollar and approaching the minimum set in May 2010. The Australian dollar fell for the third consecutive day amid curing, the U.S. dollar.
European capital markets have fluctuated around the peak of the last five years despite the publication than expected ADP. U.S. stocks fell after improving labor market has fueled speculation that monetary stimulus would be cutting accelerated. Asian capital market lost ground amid China's PPI publication below expectations.