Rabu, 26 Januari 2011
Sterling terlihat dikisaran terendah dalam 2minggu
Selasa, 25 Januari 2011
Euro at 2-month high, growth bets lift stocks
Prices of copper and other metals rose as the optimism about growth triggered worries about supply constraints, driving up shares of miners and natural resources companies.
Asian shares headed to a positive start, with Nikkei futures traded in Chicago up 0.9 percent at 10,415.00.
Speculation that the European Central Bank might raise interest rates also provided support for the euro, pushing it as high as $1.3683 on trading platform EBS, a fresh two-month high against the dollar. It last traded up 0.21 percent at $1.3644.
"They are closer to tightening in the euro zone with a lot less spare capacity, and it is realistic to expect the ECB to tighten before the Federal Reserve," said Kathy Lien, director of research at GFT Forex in New York.Expectations of higher rates in Europe grew after ECB chief Jean-Claude Trichet sounded tougher on inflation.
The European single currency has gained nearly 6 percent from this year's low as investors grew more confident about the euro zone's economic prospects.
Some analysts feared, however, that the rally was close to an end as political turmoil in Ireland was a reminder of the uncertainties plaguing the most indebted European countries.
"The euro's had a sharp rebound recently, but we think it's nearing its top in the bigger picture," said Ian Stannard, senior currency strategist at BNP Paribas.
"It's supported in the near-term by optimism over talks on the European rescue fund, but political problems in Ireland and Portugal show there are still lots of factors out there to hurt the currency," he added.
The U.S. dollar slipped 0.23 percent against a basket of major currencies, according to the U.S. Dollar Index .DXY. Against the Japanese yen, it fell 0.15 percent to 82.46.
STOCKS EXTEND GAINS
Global equities advanced as U.S. stocks found strength in large-cap technology and natural resources shares, which were lifted by bets on global growth prospects and Intel's gains.
The Dow Jones industrial average .DJI extended its rally after eight weeks of gains, rising 108.68 points, or 0.92 percent, to end at 11,980.52. The Standard & Poor's 500 Index .SPX advanced 7.49 points, or 0.58 percent, to close at 1,290.84, while the Nasdaq Composite Index .IXIC added 28.01 points, or 1.04 percent, to 2,717.55.
The blue-chip Dow average came close to touching the psychologically important 12,000 level, with its climb intraday to a fresh 52-week high at 11,982.94.
Rabu, 19 Januari 2011
uero/usd (4 hours)
Setelah EUR / USD mencapai level terendah di 1.2865 pada awal januari merangkak naik dalam waktu 1 minggu naik ke 1.3456 kemudian sempat terkoreksi hingga ke level 1.3241
kembali mata uang euro menunjukkan keperkasaannya menembus level 1.3463. Euro menujukan tren positif walau masih ada kekhawatiran terhadap utang negara-negara uni eropa namun sentimen membaik setelah berita bahwa pembeli asing mengambil sekitar 80 persen dari tagihan Treasury Yunani di lelang hari Selasa memberikan sinyal positif untuk mata uang euro.Setelah dibuka pagi ini pada level 1.3385 euro kembali menunjukkan tren positif bergerak naik ke level 1.3458 dan jika bisa melewati level 1.3465 uero akan berusaha menggapai garis resisten ke level 1.3485, jika level tersebut tidak mampu dilampau ada kemungkinan akan kembali kekisaran 1.3368.
kembali mata uang euro menunjukkan keperkasaannya menembus level 1.3463. Euro menujukan tren positif walau masih ada kekhawatiran terhadap utang negara-negara uni eropa namun sentimen membaik setelah berita bahwa pembeli asing mengambil sekitar 80 persen dari tagihan Treasury Yunani di lelang hari Selasa memberikan sinyal positif untuk mata uang euro.Setelah dibuka pagi ini pada level 1.3385 euro kembali menunjukkan tren positif bergerak naik ke level 1.3458 dan jika bisa melewati level 1.3465 uero akan berusaha menggapai garis resisten ke level 1.3485, jika level tersebut tidak mampu dilampau ada kemungkinan akan kembali kekisaran 1.3368.
Selasa, 18 Januari 2011
Fed's Plosser: Monetary policy has its limits
(Reuters) - Monetary policy cannot speed up labor market healing or prevent asset price bubbles, and counting on it to do so may do more harm than good, a top U.S. Federal Reserve official said.
In a speech to be delivered in Santiago, Chile, on Monday, Philadelphia Federal Reserve Bank President Charles Plosser cautioned against relying too much on the central bank and said its powers ought to be curbed to prevent abuse.
"I believe we have come to expect too much from monetary policy," he said, according to prepared remarks, a copy of which was made available in Washington before the speech.
"Monetary policy is not going to be able to speed up the adjustments in labor markets or prevent asset bubbles, and attempts to do so may create more instability, not less."Plosser, a well-known inflation "hawk," rotates into a voting slot this year on the Fed's monetary policy-setting panel, the Federal Open Market Committee. The last time he had a vote, in 2008, he dissented twice because he thought the committee was lowering interest rates too aggressively.
Plosser said he did not rule out the possibility the Fed would raise interest rates this year, amid wider expectations for rates to remain low for a prolonged period. However he expects unemployment to lag for some time, and improve only slowly.
"If economic growth in the United States continues to gain traction and the prospects begin to look ever better, it might be time for us to begin thinking about how do we begin to gradually take our foot off the accelerator," Plosser told reporters.
"I do know that there is a danger that we wait too long, and the consequences of that might be disruptive and dangerous," he added.
QE2 COULD WRAP UP EARLY
Plosser has also questioned the effectiveness of the Fed's current $600 billion bond-buying program, and said last week it could backfire unless the central bank gradually changes course to head off inflation.
He said the quantitative easing program could wrap up earlier than five months' time, if conditions call for it.
In Monday's speech, Plosser said monetary policy's ability to neutralize the economic consequences of shocks such as rising oil prices or a sharp downturn in the housing market was "quite limited."
"Asking monetary policy to do what it cannot do with aggressive attempts at stabilization can actually increase economic instability rather than reduce it," he said.
He said the central bank, through some of its emergency lending programs set up during the depths of the financial crisis in 2008, had "crossed the Rubicon" into fiscal policy that should be the responsibility of Congress.
Those actions left the central bank vulnerable to political interference, he said, adding that it was likely the Fed would come under pressure in the future to "use its powers as a substitute for other fiscal decisions."
"This is a dangerous precedent, and we should seek means to prevent such future actions," he said.
In a speech to be delivered in Santiago, Chile, on Monday, Philadelphia Federal Reserve Bank President Charles Plosser cautioned against relying too much on the central bank and said its powers ought to be curbed to prevent abuse.
"I believe we have come to expect too much from monetary policy," he said, according to prepared remarks, a copy of which was made available in Washington before the speech.
"Monetary policy is not going to be able to speed up the adjustments in labor markets or prevent asset bubbles, and attempts to do so may create more instability, not less."Plosser, a well-known inflation "hawk," rotates into a voting slot this year on the Fed's monetary policy-setting panel, the Federal Open Market Committee. The last time he had a vote, in 2008, he dissented twice because he thought the committee was lowering interest rates too aggressively.
Plosser said he did not rule out the possibility the Fed would raise interest rates this year, amid wider expectations for rates to remain low for a prolonged period. However he expects unemployment to lag for some time, and improve only slowly.
"If economic growth in the United States continues to gain traction and the prospects begin to look ever better, it might be time for us to begin thinking about how do we begin to gradually take our foot off the accelerator," Plosser told reporters.
"I do know that there is a danger that we wait too long, and the consequences of that might be disruptive and dangerous," he added.
QE2 COULD WRAP UP EARLY
Plosser has also questioned the effectiveness of the Fed's current $600 billion bond-buying program, and said last week it could backfire unless the central bank gradually changes course to head off inflation.
He said the quantitative easing program could wrap up earlier than five months' time, if conditions call for it.
In Monday's speech, Plosser said monetary policy's ability to neutralize the economic consequences of shocks such as rising oil prices or a sharp downturn in the housing market was "quite limited."
"Asking monetary policy to do what it cannot do with aggressive attempts at stabilization can actually increase economic instability rather than reduce it," he said.
He said the central bank, through some of its emergency lending programs set up during the depths of the financial crisis in 2008, had "crossed the Rubicon" into fiscal policy that should be the responsibility of Congress.
Those actions left the central bank vulnerable to political interference, he said, adding that it was likely the Fed would come under pressure in the future to "use its powers as a substitute for other fiscal decisions."
"This is a dangerous precedent, and we should seek means to prevent such future actions," he said.
Senin, 17 Januari 2011
euro terkoreksi
Pada perdagangan hari ini tampak mata uang euro terkoreksi terhadap mata uang dollar setelah pada hari kamis dan jum'at mengalami kenaikan yang cukup signifikan setelah para petinggi uero memberikan jaminan untuk mengambil langkah mencegah kejatuhan mata uang tersebut.Sampai dengan siang hari ini euro masih diperdagangkan dalam kisaran sempit.pada hari ini uero setelah dibuka pada kisaran 1.3376 turun ke 1.3327. pivot:1.3363 resisten :1.3398 support :1.3280
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