ZuluTrade Blog

Market View

Asian stocks and the euro declined amid concern Europe’s debt crisis is dragging on global growth

Friday, July 20, 2012 3:52 AM GMT

      Good Morning ,

§Asian stocks and the euro declined amid concern Europe’s debt crisis is dragging on global growth and as China pledged to keep curbs on its property market. Oil dropped from the highest level in nine weeks. The euro eased against the dollar and hovered near a record low versus the Australian dollar, undermined by worries about Spain's fiscal woes and recent falls in euro zone money-market rates.

§Weak demand at a bond auction pushed Spain's 10-year bond yield above 7 percent on Thursday for the first time in more than a week, intensifying doubts over whether Madrid can avoid a full-blown bailout

§German lower house Bundestag approves Spanish bank bailout

§Spain expects to complete bank recaps by mid 2013: Econ Min

§French Finance Minister Moscovici said that he wants the banking supervision to happen fast in order to help recapitalize the banks directly

§Fitch affirms Italy at A-, negative outlook

§British policymakers may have to do more to get lending flowing around the economy, combining bank regulation and monetary policy creatively to ward off deflation dangers, Britain's top bank regulator, Adair Turner said.

§BOJ Shirakawa: Europe's sovereign debt crisis poses risks to Japan's economy because it could lead to a further appreciation of the yen as investors seek relatively safe assets, CPI could reach 1% soon after FY 2014, Bank of Japan Governor Masaaki Shirakawa said

§Japan Weekly Capital Flow: Overseas investors sold a net JPY133.8bn of Japanese stocks and a net JPY10.1bn of Japanese bonds in the week ended July 14. During the same period, Japanese investors sold a net JPY56.1bn of overseas stocks while bought a net JPY1.17tn of overseas bonds

§Reuters Tankan Survey showed that 31% of Japanese firms expect domestic sales to fall short of previous projection during the second half of this fiscal year, while 40% of Japanese firms see sales in China falling below their earlier estimates during the same period

§Australia Q2 export prices +1% q/q, import prices +2.4% q/q

§New Zealand June credit card billings +0.8% m/m, strongest since January, +4.6% y/y.

§New Zealand Jun net migration gain +490, most in 16mths; Short term arrivals up 15.1% y/y

§Foreign CB US debt holdings +$6.37 bln to $3.515 trln July 18 week, Treasury holdings +$11.887 bln to $2.823 trln, agencies -$5.516 bln to $692.5 bln

§NY Fed - FX swaps with foreign CBs total $5.143 bln in July 18 week, all ECB






GE Producer prices mmand yy



UK PSNB ex intervention and PSNCR (Public finance)



CA CPI inflation mm and yy



CA CPI BoC core mm and yy


Have a nice  day !

Comments are closed

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

This blog is for informational purposes only. This blog is not intended for distribution channels and may not be reproduced or distributed without the permission of Zulu Trade ltd or any of its affiliated entities (“ZuluTrade”). All opinions, news, prices or other information contained in this blog are provided as general market commentary and this report does not contain and it is in not to be considered in any circumstance as market analysis, offer or solicitation to buy or sell any financial instruments, personalized or general recommendation for any investment decision or investment strategy by ZuluTrade, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this blog should not be construed as financial or investment advice on any subject matter. The financial instruments referred to herein may not be suitable for all investors and any investments on such financial instruments requires the assessment by each investor and its counsels of the investor’s investment characteristics, including the investment risks which the latter is willing to assume. This blog has been based on information which has been made public, obtained from sources believed to be reliable, but it has not been verified by ZuluTrade. No representation or warranty (expressed or implied) is made as to the accuracy, completeness, correctness, timeliness or fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility of liability whatsoever of howsoever arising is accepted in relation to the contents hereof by ZuluTrade or any of its directors, officers, employees. Further, no representation is being made that any results will be achieved, and past performance is not indicative of future performance.