Daily Review 26/4/2012
German government decide to issue about 2.5 billion euros of government bonds for a period of thirty years, with interest rate is low and reached to% 2.41, and the demand was higher than supply,
especially as specialists compared the process to those carried out by the Treasury earlier and that the percentage of interest in which to% 2.62 . In Europe, too,
according to data released on Wednesday for the National Bureau of Statistics British, slipped the British economy into recession, after shrinking in the first quarter of this year by 0.2%, and this was the economy has shrunk by 0.3% in the fourth quarter of last year . also the contraction over the two quarters in a row mean annual economy enters a recession, so the British economy back to recession again after that out of him at the end of 2009 after five consecutive quarters of decline in the economy during the global financial crisis which has affected the economies of many countries of the world. On the other hand reduced the survey conducted by the European Central Bank on the banks of the euro zone's fears of a possible credit crunch, has revealed that only 9% of 131 banks that tightened restrictions on lending operations during the last three months.
In the United States the Federal Reserve (Fed) is rise of forecast for U.S. economic growth in 2012, and reduced Commission is responsible for determining the value of the interest in the U.S. central bank from its forecast for the unemployment rate to between 7.8% and 8% from 8.2% and 8.5% in January / last January, but the Committee did not change the interest rate and said she did not expect to rise until late 2014. And as data showed weekly U.S. Energy Information Administration on Wednesday, rising crude oil inventories in the United States with high imports, last week's sharp declines in stocks of derivatives.
In commodity markets, ended the gold trade on Wednesday, stable after helping the rise of the U.S. stock precious metal recovery from low levels fell to in earlier in the session,
and closed U.S. crude oil higher after trading volatile and received support in the late session of the high U.S. equity and confirmation of the Central Bank of the U.S. intention to keep interest rates low,
and crude prices also benefited from U.S. data showed a decline in stocks of petroleum products, which superseded the impact of high crude inventories.
And European shares closed yesterday's trading higher supported by a set of strong results for companies but trading volumes were low amid expectations of investors that result in economic weakness and the debt crisis of the euro zone to the wave of landing a new, On Wall Street U.S. stocks closed higher and jumped Apple to give the Nasdaq's largest gain has this year, while the head of the Central Bank of the markets that the bank will offer more to support the economy if necessary:
↑DOW 0.69%↑ S&P 1.36%↑ NSDQ 2.30%
pair euro dollar is high on Wednesday more than 30 points, to achieve the highest levels of 1.3236, while the lowest at 1.3174, the pair is trading at the level 1.3225, if the pair break through key resistance at 1.3250, it is expected to face a pair the next level of 1.3270, while the break level 1.3160 may postpone the achievement of these expectations.
The trading range for the day: Resistance 1.3250 1.3270 1.3300
Support 1.3105 1.3125 1.3160
Sterling fell against the dollar in early trade on Wednesday ahead of the reading index of UK GDP, sparking a wave of fears among investors led to the decline to the point at 1.6080 during the trading session of the European, and made the pair the highest level at 1.6181, most likely the pair will try to test resistance at 1.6200, with that the breach of 1.6130 would delay the achievement of these expectations.
The trading range for the day: Resistance 1.6200 1.6235 1.6275
Support 1.6035 1.6070 1.6130
Ended the gold trade on Wednesday, stable after helping the rise of the U.S. stock precious metal recovery from low levels fell to in earlier in the session, and made the precious metal peak at 1646.48, while the lowest in the 1624.38, at most, the gold will try to test the resistance level in 1663 with that the breach of 1634 may postpone achieving these expectations.
The trading range for the day: Resistance 1647 1654 1662
Support 1612 1622 1632
WTI - Crude Oil
Close the U.S. crude oil higher after trading volatile and received support in the late session of the high U.S. equity and confirmation of the U.S. central bank on his intention to keep interest rates low, and benefited crude prices also from U.S. data showed a decline in stocks of petroleum products, ranging in prices of oil futures between 104.53 and 103.10 dollars a barrel, most likely the oil will try to test support level at 102.80 with that the breach of 104.45 may postpone achieving these expectations.
The trading range for the day: Resistance 104.45 104.90 105.50
Support 101.40 102.00 102.80