Play.safe
Dont.Forget.to.Put.SL
just wanna share what I did, what I do and what will I do with This pair.. Just take a look my others link on entire blog.. Just remember, nobody in this world know the future.. Dont try to counter the trend even just in your mind!!
Aug. 11 (Bloomberg) -- European stocks declined for a fourth week, extending a global rout that has wiped out about $2.7 trillion in market value, on concern that a widening credit crunch may hurt economic growth and erode earnings.
HBOS Plc, the U.K.'s largest mortgage provider, and Dutch lender ABN Amro Holding NV led the decline. Antofagasta Plc and Boliden AB paced mining shares lower as metal prices tumbled.
The Dow Jones Stoxx 600 Index dropped 2.5 percent to 362.77, a five-month low. The measure has fallen 9.4 percent since reaching a 6 1/2-year high on June 1. The Stoxx 50 sank 2.4 percent, while the Euro Stoxx 50, a measure for the euro region, lost 1.6 percent.
Shares in banks, brokerages and money managers tumbled worldwide amid signs that the debacle in the U.S. mortgage market is spreading. BNP Paribas SA, France's biggest bank, halted withdrawals from funds and the U.S. Federal Reserve, the European Central Bank and Bank of Japan pumped cash into the banking system, aiming to stem a collapse in credit markets.
``It's a bit of a can of worms that has been opened,'' said Toby Nangle, who helps manage $37 billion in assets at Baring Asset Management in London. ``We are not quite sure where it will end. We might see a major economic impact.''
National benchmarks fell in all 18 western European benchmarks. The U.K.'s FTSE 100 dropped 3 percent, France's CAC 40 sank 2.7 percent and Germany's DAX decreased 1.2 percent.
``Everyone is very afraid,'' said Jacques Porta, who helps manage $180 million at Ofivalmo Patrimoine in Paris. ``There's lack of confidence on the financial sector. I am selling banks.''
HBOS, Man Group
HBOS slid 8.4 percent to 873 pence. Man Group Plc, the world's largest publicly traded hedge fund company, tumbled 12 percent to 479.25 pence. Dexia SA, the owner of U.S. bond insurer Financial Security Assurance Inc., fell 4 percent to 19.16 euros.
Deutsche Bank AG dropped 3.3 percent to 95.19 euros. Germany's biggest bank said the assets in one of its investment funds have fallen by 30 percent since the end of July as subprime mortgage losses roiled credit markets.
The European Central Bank loaned 156 billion euros ($213 billion). The Fed added $38 billion in temporary reserves and the Bank of Japan added 1 trillion yen ($8.5 billion) to the financial system.
BNP, ABN Amro
BNP Paribas dropped 1.9 percent to 78.97 euros. France's biggest bank said it halted withdrawals from three investment funds because it couldn't ``fairly'' value their holdings after subprime mortgage losses rattled debt markets.
ABN Amro, the target in the world's biggest banking takeover, lost 3.4 percent to 33.85 euros on speculation bids by Barclays Plc or a group led by Royal Bank of Scotland Group Plc may falter.
Recent market turmoil ``does jeopardize the ABN Amro deal,'' said Mike Trippitt, a London-based analyst at Oriel Securities Ltd. who has a ``buy'' rating on Barclays and Royal Bank stock. ``If you believe the market, the current share prices are telling you the deal isn't going to happen.''
Jochem van de Laarschot, a spokesman for Amsterdam-based ABN Amro, said there are ``no new developments in the offer process.'' Royal Bank Chairman Tom McKillop said the market turmoil won't derail the deal.
Antofagasta, the owner of three copper mines in Chile, slid 9.9 percent to 620 pence this week. Boliden, Scandinavia's sole copper producer, fell 7.1 percent to 139.75 kronor.
Copper prices in London dropped 3 percent in the week. Nickel plummeted 9 percent. Zinc and aluminum also fell.
Petroplus, Nokian Renkaat
Petroplus Holdings AG plunged 15 percent to 104.3 Swiss francs even after the Swiss refiner posted a second-quarter profit. Earnings were limited by maintenance work at the Cressier refinery and the BRC refinery, the company said.
Nokian Renkaat Oyj jumped 5.8 percent to 24.33 euros. The biggest Nordic tiremaker said that second-quarter profit rose 69 percent, beating analyst estimates, after it raised prices.
Rentokil Initial Plc increased 7.5 percent to 165 pence. Merrill Lynch & Co. raised its recommendation on the world's biggest pest-control company to ``buy'' from ``neutral.''
``After 3 1/2 years of declining profits, we believe Rentokil's profits momentum is at an inflection point,'' a team of analysts led by Andrew Ripper said.
To contact the reporters on this story: Alexis Xydias in London at axydias@bloomberg.net
Entry Signal See The Picture Below
When Nebu Trend Signal Appear With Blue Star (Buy Signal) And Red Star (Sell Signal), You Can Entry To The Market..
All You Need Just Watch The FX~Sniper Below..
See The Picture Below
Follow The Trend Using Break Out Signal
When Break Out Signal Come Out Just Prepare For More Pips Use Trailing Stop 15+ For Short Term And Use TS 35up For More Mid/Long Term Trade.
See The Picture Below
Exit Signal
Exit Signal Using Wcci (Woodie CCI) Pattern
Good.Luck.
Nebula.Arung.Langi
Aug. 2 (Bloomberg) -- The Bank of England left its benchmark interest rate at a six-year high today as policy makers assess whether five quarter-point increases in the past year are enough to quell inflation.
The Monetary Policy Committee, led by Governor Mervyn King, left the Bank Rate at 5.75 percent, the highest since April 2001, the central bank said today in London. The decision was predicted by all 60 economists surveyed by Bloomberg News.
The nine policy makers said at July's meeting, when they voted for an increase, that they planned to wait for new inflation and growth forecasts this month before deciding whether further moves are needed. Inflation has held above the bank's 2 percent target for a 14th month, while stock prices have tumbled as the U.S. subprime crisis spread to markets in Europe and Asia.
``The bank is going to want to give previous increases a chance to have an effect,'' said Dominic White, an economist at ABN Amro Holding NV in London who used to work at the U.K. Treasury. ``The likelihood is that the economy will hold up and that inflation may be more of a problem. Rates will probably go to 6 percent.''
The Standard & Poor's 500 Index posted its biggest monthly decline in three years in July, and the risk of owning corporate bonds rose in Europe by the most in at least three years yesterday as the fallout from subprime mortgage losses spread. In the U.K., the benchmark FTSE 100 index has fallen 5.8 percent as of yesterday's close since the bank's last decision July 5.
The FTSE 100 rebounded today, rising as much as 0.8 percent to trade at 6301.80. It reached a four-month low of 6186.20 on July 30.
Investor Speculation
The credit-market rout prompted investors to scale back speculation about further rate increases. The implied rate on the December interest-rate futures contract was 6.19 percent as of 3:39 p.m. in London, down from a peak close of 6.34 percent on July 17. The contract settles to the three-month London interbank offered rate for the pound, which averaged about 15 basis points more than the central bank benchmark for the past decade.
The U.K. benchmark rate is the highest among the Group of Seven countries. It compares with 5.25 percent in the U.S., 4.5 percent in Canada and 0.5 percent in Japan.
ECB Decision
European Central Bank President Jean-Claude Trichet signaled that the bank may raise borrowing costs next month for the 13 euro countries after keeping its rate at 4 percent today in Frankfurt. Trichet pledged ``strong vigilance'' in fighting inflation.
King has led the push for higher interest rates in the U.K., securing an increase last month in a 6-3 vote after he was overruled in June. The majority at the July decision argued that the rate is now ``probably only just on the restrictive side.''
Whether borrowing costs rise again may depend on the Bank of England's quarterly assessment of growth and inflation prospects, due to be published Aug. 8. In May, the bank forecast inflation would return to the 2 percent target by the end of the year, based on investor expectations of higher interest rates.
The economy has shown few signs of cooling. Inflation was 2.4 percent in July after reaching a decade high of 3.1 percent in March. Economic growth accelerated to 0.8 percent in the second quarter from 0.7 percent in the previous three months. Both measures were faster than economists forecast.
Inflation Pressures
The pace of economic growth has encouraged companies to charge their customers more, adding to inflation pressures. Travis Perkins Plc, which sells building supplies, said yesterday that it increased first-half sales after raising prices. An index of factory-gate inflation reached a record in July.
``The economy's not slowing down as desired and that causes a risk for inflation,'' said Kenneth Broux, economist at Lloyds TSB Bank Plc in London. ``We're looking for no further change in rates, but there's a risk they could increase again.''
Policy makers arguing against higher rates last month cited the risk that the economy may slow ``quite sharply'' as consumers with record debts adjust to previous increases in borrowing costs.
There are conflicting signals as to whether a housing boom, which was encouraging consumers to keep spending, has started to slow. HBOS Plc, the U.K.'s biggest mortgage lender, said today that house prices rose at the fastest pace in three months in July. Other reports from Nationwide Building Society and Hometrack Ltd. signal prices barely increased. Retail sales rose in June by 0.2 percent, half the pace of the previous month.
Record Rainfall
Record rainfall and the worst floods in 60 years may also have hampered spending, while also threatening to raise food prices because of crop damage. William Morrison Supermarkets Plc, the fourth-largest U.K. food retailer, said July 19 revenue growth slowed in the previous two months as the rain deterred shoppers.
``There's enough interest-rate restriction in the pipeline to slow growth sufficiently to keep inflation in check,'' said Nick Bate, economist at Merrill Lynch & Co. in London who used to work at the Treasury. ``There are already signs of slowing in the consumer sector.'' He says rates have peaked.
Economists are split on the outlook for interest rates. Twenty-six out of 48 surveyed by Bloomberg News predict a quarter- point increase to 6 percent by November. The rest forecast no change.
``Growth figures are still fairly strong, and inflation hasn't been falling quite as fast as the Bank of England expected,'' said Ross Walker, an economist at Royal Bank of Scotland Group Plc. ``For the moment, we are still on course for another rise in interest rates.''
To contact the reporter on this story: Jennifer Ryan in London at Jryan13@bloomberg.net
Last Updated: August 2, 2007 11:01 EDTThanks.To.You..
Outlook untuk hari ini masih bermuara pada msalah yg selama hampir 4 bulan mewarnai pasar finansial yaitu subprime mortagage US yang pada sesi awal kemarin mulai mereda hingga kembali membantu penguatan GU hingga ke level 2.0378. Nampaknya pelaku pasar kembali melakukan aksi carry-nya dengan meningkatkan holding pada pair yg ber-yield lebih tinggi dengan mengabaikan rilis optimis data consumer confidence semalam.
Sementara focus pasar akan proyeksi kenaikan rate GU dan EU kembali merosot, namun isu masalah subprime mortgage semalam kembali berkembang menjelang penutupan sesi NY yang kembali menekan Dow Jones hingga 100pips lebih serta memberikan kepastian ketidakmampuan GU dalam mensupport high sebelumnya. Perusahaan American Home Mortgage Investment semalam mengatakan adanya kemungkinan akan melikuidasi asetnya akibat dari dampak kredit macet pada subprime mortage yang kemudian menekan saham perusahaan tersebut hingga 90%.
Mengenai bahasan untuk pertemuan regular bank central baik di EU dan GU akan mampu memberikan arahan yg lebih jelas lagi akan kenaikkan dan penahanan rate di masing-masing..Perlu diwaspadai aksi carry trade dan taking profit yang akan kembali terjadi hari ini namun dengan pergerakan yg akan terbatas hingga rilis kepastian dari masing2 bank..
Sementara rilis data open trade akan kembali dikeluarkan pada hari jumat esok oleh pemerintah US yg akan kembali memastikan arah laju masing2 pair..
Monday Flash
Di sesi senin kemarin tekanan GU berlanjut terbatas hanya pada 2.0185 dari previous lownya 2.0229 akibat masih berkembangnya sentiment negatif USD dan isu subprime mortgage US belakangan ini. Namun penguatan indeks saham Eropa di sesi awal kemarin sempat mendorong rebound GU ke level 2.0289, mengabaikan lemahnya data perumahan Inggris dari survey konsultan property local. Hometrack, yang melaporkan ekspansi harga perumahan Inggris Juli ini adalah sebesar 5.9%, dibandingkan Juni sebelumnya 6.4%. Seharusnya hal ini memperkuat pandangan pasar bahwa kinerja pasar perumahan Inggris tengah terkoreksi.
Namun sejak menyentuh level tertingginya 2.0655(24/Jul), GU menalami koreksi yang pertama-tama dipicu oleh sebatas aksi taking-profit namun berkembang pada saat terjadinya aksi carry-trade yang menekan saham-saham global mendorong rebound UJ dan UCF terhadap mata uang utama dunia yg ber-yield lebih tinggi. Kembali hal ini bermuara pada lemahnya rilis indikator US, yakni new-home sales dan existing home sales diperiode Juni serta adanya alaporan kerugian dari sejumlah perusahaan home builder US yang turut membantu memeberikan tekanan negatif ke Dow Jones yang ditandai dengan penurunan hingga 300 poin di sesi kamis lalu (26/Jul). Concern teradap subprime mortgage yang belum kunjung berakhir dilingkungan pasar financial global menimbulkan risk-aversion para pelaku pasar sehingga memicu likuidasi carry trade yang men-support mata uang bersuku bunga rendah dan menekan mata uang bersuku bunga tinggi. Selain itu tekanan GU di pertengahan hingga akhir pekan kemarin juga dipicu oleh turunnya data perumahan Inggris periode Juli dari lembaga Nationwide yang disinyalir seagai dampak dari kenaikkan suku bunga Inggris hingga 5 kali sejak Agustus 2006. Senin sebelumnya lembaga property Inggris Rightmove juga melapirkan turunnya inflasi harga perumahan di Ingris dan Wales pada periode Juli. Kondisi ini menggambarkan bahwa lankah kenaikkan suku bungan BoE mulai memberikan dampak pada sektor perumahan. Proyeksi kenaikan suku bunga Ingris berangsur surut di pasar, dimana pihak BoE rabu lalu wakil Gubernurnya,John Gieve juga mengatakan bahwa langkah kenaikan suku bunga gradual adalah yang lebih baik untuk inggris tahun ini dengan target proyeksi kenaikan suku bunga Inggris di pasar hingga akhir tahun 2007 ini adalah 6%.
Sementara itu likuidasi dari aksi carry trade juga menyebabkan tekanan pada mata uang bersuku bunga tini seperti GU. Risk Averaging global dari concern pasar perumahan AS semalam kembali berkembang yang menjadi faktor utama pergerakan pasaar saat itu. Akibanya bisa ditebak UJ dan UCF yan menjadi subyek dari carry trade memeperoleh support secara global. Dikuranginya asset-aset mata uang dengan suku bunga tingi, seperti GU juga menghambat penguatan tajam GU dan kemudian menyebabkan koreksi tajamnya semalam.
Outook for today
Concern terhadap permasalahan subprime mortgage US saat ini sudah memberikan kekhawatiran tersendiri pada pasar finansila di sector kredit global.sementara perkembangan kinerja ekonomi US masih akan dimonitor oleh pasar untuk melihat apakah dampak subprime mortgage yang menular ada sektor kredit global akan memeberikan dampak pada perekonomian secara menyeluruh.
Di pekan ini data ekonomi akan dirilis semarak seperti data tenaga kerja US serta data manufaktur lobal termasuk US didalamnya akan menjadi fokur perhatian pasar meskipun data-data tersebut akan mendapat tempat di bangku belakang di tengah concern pasar yang terpusat ada isu subprime mortgage. Perlu diwaspadai rilis data NFP US, indeks Manufakturing ISM serta pertemuan regular BoE dan ECB (02/agus) nanti yang mampu merubah concern pasar terhadap US.
Jika data consumer confidence, payroll dan ISM dirilis optimis maka akan memperkuat pandangan upbeat dari the FED terhadap kinerja ekonomi US yang mungkin kan sanggup meredam proyeksi pemangkasan suku bunga US yang masih berkembang di pasar saat ini,, namun isu subprime mortgage masih akan berpotensi berkembangg pecan ini dari rilis data pending homesales (02/Agus).
Dari Inggris dan Eropa akan dirilis Indeks Manufaktur PMI masing-masing. Keduanya juga akan diperhatikan setelah data-data ekonomi masing-masing mengalami tekanan belakangan ini. Data indeks bisnis IFO Jerman dan indeks business confidence Belgia belakangan dirilis pesimis. Senada dengan data-data perumahan Inggris yang pekan lalu juga mengalami penurunan. Di sesi berikutnya juga akan dinantikan pertemuan regular ECB dimana kali ini tidak disertai dengan press conference dari residennya Jean Claude Trichet.
Sementara proyeksi yang sedang berkembang saat ini adalah ECB akan kembali menaikkan rate-nya ke level 4,75% pada September tahun ini, sementara BoE diproyeksikan masih akan melanjutkan satu kali kenaikkan rate-nya di level 6.00% hingga akhir tahun ini.