May 28, 2012 13: 29 GMT basic titles
-The Greek Pro-Bailout Parties win in the Euro falls concern – Bloomberg
-Spanish-German yield spread widens to the Record of the Euro on the funds of the Bank - Bloomberg
-Iran not ready for visits to suspect nuclear Site - Reuters
-Gold, ready to resume the status of refuge - WSJ
-Kenny calls the Ireland to the Treaty of the European Union - back WSJ
Summary of European Session
Trading in the Asian and European sessions were marked by particularly light volume, which is not surprising given the large holiday in Europe and North America. And, in view of the recent correlation between the volume and the & S P 500 (-0.956 rolling 5-day Thursday), it is even more surprising that the demand for risky assets is place in the light of the conditions of trading. Commodity currencies have been taking advantage of this environment, with the Australia and the New Zealand $ leading the majors substantially to start the last week of May.
In part, the evolution over the weekend of the Greece provided the basic thrust to trigger a movement to currencies of performance more high and correlated with the risk of the assets. Five separate surveys published this weekend showed that new democracy pro-bailout Group held a small lead of about 0.5 to 5.7 points on the anti-bailout of the Syriza party. To this end, ND would garner between 25.6% and 27.7% of the vote, while the Syriza would take home between 20.1% and 26.0% of the vote in the June elections. Offering more fuel to facilitate case, the results of two major surveys, MARC and pulse, showed that ND and PASOK, the other party pro-major bailout, together would win a parliamentary majority in June.
Investors took the results of surveys and run with them, with the AUDUSD and NZDUSD rallying 0.97% and 0.94%, respectively, to start the week. The Euro has step responded to the press, however, giving this rally in question, as it appears investors are beginning to move their main concerns to the growing indebtedness of the Italy and the Spain.
Take a look at credit, short-term performance begin to increase rapidly once more, with 2 Spanish and Italian years giving 3.807% 4.288% notes each, respectively. For the latter, it is therefore the best return in 2012. Financing constraint is evident on the longer end of the yield curve, with yields of 10 years Italian and Spanish mounted points base-3, 8 and 12. 1 - bps, respectively, of 5.679% and 6.391% each. Therefore, I believe that the evolution of the situation of the Greece is positive, they will ease not fear of the decrease in deposits in European banks. These increase yields in the major economies of Europe (Italy and Spain) will be collecting more attention before Greek elections in June.
Graphic NZDUSD of 5 min: 28 may 2012
Graphing with Marketscope - prepared by Christopher Vecchio
The New Zealand Dollar is the top performer today, with 0.97% NZDUSD buy. The US Dollar was the worst performer in all, with it reduce the lease against the Swiss Franc, to which she lost 0.10%. The Japanese Yen was slightly higher, with the damping USDJPY of 0.34%, and the EURUSD was barely higher, up to 0.18% Monday at the time of writing.
24-Hour price Action
Main levels: 12: 30 GMT
So far, on Monday, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is slightly less, trade 10174.78 at the time when this report was written, after opening at 10182.24. The index traded mostly lower, with the high in the 10183.25 and the 10148.44 low.
-The Greek Pro-Bailout Parties win in the Euro falls concern – Bloomberg
-Spanish-German yield spread widens to the Record of the Euro on the funds of the Bank - Bloomberg
-Iran not ready for visits to suspect nuclear Site - Reuters
-Gold, ready to resume the status of refuge - WSJ
-Kenny calls the Ireland to the Treaty of the European Union - back WSJ
Summary of European Session
Trading in the Asian and European sessions were marked by particularly light volume, which is not surprising given the large holiday in Europe and North America. And, in view of the recent correlation between the volume and the & S P 500 (-0.956 rolling 5-day Thursday), it is even more surprising that the demand for risky assets is place in the light of the conditions of trading. Commodity currencies have been taking advantage of this environment, with the Australia and the New Zealand $ leading the majors substantially to start the last week of May.
In part, the evolution over the weekend of the Greece provided the basic thrust to trigger a movement to currencies of performance more high and correlated with the risk of the assets. Five separate surveys published this weekend showed that new democracy pro-bailout Group held a small lead of about 0.5 to 5.7 points on the anti-bailout of the Syriza party. To this end, ND would garner between 25.6% and 27.7% of the vote, while the Syriza would take home between 20.1% and 26.0% of the vote in the June elections. Offering more fuel to facilitate case, the results of two major surveys, MARC and pulse, showed that ND and PASOK, the other party pro-major bailout, together would win a parliamentary majority in June.
Investors took the results of surveys and run with them, with the AUDUSD and NZDUSD rallying 0.97% and 0.94%, respectively, to start the week. The Euro has step responded to the press, however, giving this rally in question, as it appears investors are beginning to move their main concerns to the growing indebtedness of the Italy and the Spain.
Take a look at credit, short-term performance begin to increase rapidly once more, with 2 Spanish and Italian years giving 3.807% 4.288% notes each, respectively. For the latter, it is therefore the best return in 2012. Financing constraint is evident on the longer end of the yield curve, with yields of 10 years Italian and Spanish mounted points base-3, 8 and 12. 1 - bps, respectively, of 5.679% and 6.391% each. Therefore, I believe that the evolution of the situation of the Greece is positive, they will ease not fear of the decrease in deposits in European banks. These increase yields in the major economies of Europe (Italy and Spain) will be collecting more attention before Greek elections in June.
Graphic NZDUSD of 5 min: 28 may 2012
Graphing with Marketscope - prepared by Christopher VecchioThe New Zealand Dollar is the top performer today, with 0.97% NZDUSD buy. The US Dollar was the worst performer in all, with it reduce the lease against the Swiss Franc, to which she lost 0.10%. The Japanese Yen was slightly higher, with the damping USDJPY of 0.34%, and the EURUSD was barely higher, up to 0.18% Monday at the time of writing.
24-Hour price Action
Main levels: 12: 30 GMTSo far, on Monday, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is slightly less, trade 10174.78 at the time when this report was written, after opening at 10182.24. The index traded mostly lower, with the high in the 10183.25 and the 10148.44 low.
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