Articles by Germany

  • European Day-Ahead Power Prices Rose 7% in August

    September 05 2012 11:19 AM

    Continental European day-ahead power prices rose more than 7% month-on-month in August as reduced nuclear power generation operations in France and Belgium continued to tighten supply for the region, according to Platts, a leading global provider of energy, petrochemicals and metals information.

  • London Session: Leaks and rumours drive EURUSD above 1.26London Session: Leaks and rumours drive EURUSD above 1.26

    September 05 2012 11:13 AM

    There are two things that should be preoccupying the market's mind this afternoon: 1, how to navigate the global economic slowdown (data out of Europe today was truly horrible) and 2, how to prepare and position oneself for the ECB meeting tomorrow. We may have been given some help for the latter after the proposed ECB bond buying programme was leaked and hit the wires a short time ago. The leak, since denied by the central bank, suggested that ECB President Draghi would unveil an unlimited, ...

  • 40th Anniversary Of Munich Olympic Massacre: Did West German Officials Know Of Attack Beforehand?40th Anniversary Of Munich Olympic Massacre: Did West German Officials Know Of Attack Beforehand?

    September 05 2012 11:11 AM

    West German authorities might even have been aware that terrorists were planning to strike the 1972 Games.

  • Oil prices drifting lower as operations in Gulf move toward normal

    September 05 2012 10:30 AM

    The oil complex is in a battle with the perception traders & investors who view each piece of bad economic news as a sign that more simulative measures are coming from all of the main central banks around the world. On the other hand the reality traders look at the fact that every major segment of the global economy is slowing and even with more stimulus global demand for oil and most other major commodities will continue to decline. Manufacturing PMI data in just about every major country in th...

  • Research Note: The ECB to the rescue?

    September 05 2012 7:57 AM

    This Thursday 6th September 2012 the ECB announces its interest rate decision at 1245 BST/ 0745 ET. The market consensus (as measured by Bloomberg) is for a 25 basis point cut to 0.50% from 0.75%. The main event will be ECB President Mario Draghi's press conference at 1330 BST/ 0830 ET.

  • Majors Daily Forecast 5 September 2012

    September 05 2012 2:12 AM

    EUR/USD Sell at 1.2542 SL 1.2574 TP 1.2465 USD/JPY Sell at 78.47 SL 78.79 TP 77.75 GBP/USD Sell at 1.5872 SL 1.5904 TP 1.5784 USD/CHF Buy at 0.9577 SL 0.9545 TP 0.9661 today so far +46, total yesterday +42 pips

  • EUR/USD Slips On Investors Worries Ahead Of ECB_

    September 05 2012 1:19 AM

    On Tuesday Euro/Dollar decreased with 85 pips on investors worries ahead of ECB meeting tomorrow. The European currency depreciated from 1.2628 to 1.2554 yesterday, matching the positive money flow sentiment at almost 22%, closing the day at 1.2574. This morning the Euro dropped even further, reaching 1.2521. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1...

  • EUR/USD Slips On Investors Worries Ahead Of ECB

    September 05 2012 12:45 AM

    On Tuesday Euro/Dollar decreased with 85 pips on investors worries ahead of ECB meeting tomorrow. The European currency depreciated from 1.2628 to 1.2554 yesterday, matching the positive money flow sentiment at almost 22%, closing the day at 1.2574. This morning the Euro dropped even further, reaching 1.2521. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1...

  • Lufthansa Strike To Continue, Escalate FridayLufthansa Strike To Continue, Escalate Friday

    September 04 2012 5:15 PM

    The Lufthansa strike was far from over when cabin crew returned to work Tuesday. Far from it, the UFO union said late Tuesday it would up the stakes by initiating a 24-hour strike throughout Germany this Friday.

  • Weekly Summary on USD, EUR, GBP, JPY, AUD, CAD, MXN and RMB

    September 04 2012 1:24 PM

    The dollar has pared early losses, but remains towards the bottom of its recent ranges against most of its counterparts. While sideways trading has prevailed over the past several weeks, investors will get a broad assessment of the global economy in the coming days with US labor market data and an ECB decision highlighting. Fed Chairman Bernanke may have stopped short of unveiling a third round of quantitative easing during his much?anticipated Jackson Hole speech, but this week's nonfarm pa...

  • Nokia Bets The Company: New Windows 8 Phones Key To RecoveryNokia Bets The Company: New Windows 8 Phones Key To Recovery

    September 04 2012 12:38 PM

    Ailing Finnish smartphone maker Nokia Oyj (NYSE: NOK) is betting the company that two new Lumia smartphones based on the new Windows 8 OS from Microsoft (Nasdaq: MSFT), the world's biggest software company, will be international hits.

  • August Jobs Report, ECB Meeting: Economic Events for Sept. 4-7August Jobs Report, ECB Meeting: Economic Events for Sept. 4-7

    September 04 2012 10:28 AM

    During the holiday week, economy-watchers are likely to focus on Friday's August nonfarm payrolls report and the European Central Bank’s governing council meeting, on Sept. 6.

  • Japan’s Demographic Doom: Tokyo’s Population Will Be Cut In Half Over Next CenturyJapan’s Demographic Doom: Tokyo’s Population Will Be Cut In Half Over Next Century

    September 04 2012 10:00 AM

    This means that Tokyo’s population in 2100 will match the numbers from 1940.

  • Euro Hope Fizzles As ECB Sees Growing Rift, Moody’s Cuts Outlook

    September 04 2012 9:55 AM

    The Euro gave back the overnight advance to 1.2626 as Moody's Investor Services cut the EU's Aaa credit-rating to 'negative' from 'stable,' while German Finance Minister Wolfgang Schaeuble argued that Greece must fulfill 'its obligations completely' as the region looks for an extension to meet its budget target. Meanwhile, European Central Bank President Mario Draghi warned of the ongoing rift within the EU as the bond purchase program comes under increased scrutiny, but ...

  • Fiat Currencies get Flushed

    September 04 2012 8:11 AM

    If the August Non-farm Payroll report produces a number of less than 100k jobs, the chances of QE III being announced on September 13th are close to 100%. However, if the number is north of 100k the odds drop, but are still about 80% on more Fed money printing.

  • Asian Stock Markets End Lower; ECB In FocusAsian Stock Markets End Lower; ECB In Focus

    September 04 2012 4:32 AM

    Asian stock markets ended lower Tuesday as investors remained watchful ahead of the European Central Bank (ECB) meeting and U.S. non-farm payrolls data later this week.

  • Lufthansa Cabin Crew Strike: 208 Flights Cancelled; Europe, Intercontinental Flights Grounded (PHOTOS)Lufthansa Cabin Crew Strike: 208 Flights Cancelled; Europe, Intercontinental Flights Grounded (PHOTOS)

    September 04 2012 4:26 AM

    The cabin crew of Lufthansa (LHA) airlines is staging a strike at three German airports Tuesday in their second walkout in a 13-month wage dispute that has resulted in the cancellation of 208 flights in Frankfurt.

  • Gold Hits 5-1/2 Month High on Stimulus HopesGold Hits 5-1/2 Month High on Stimulus Hopes

    September 04 2012 12:33 AM

    Gold edged higher on Tuesday to the highest level in more than five months as lacklustre manufacturing data from around the globe fanned speculation of imminent easing measures from central banks.

  • London Session: Bernanke’s QE message falls flatLondon Session: Bernanke’s QE message falls flat

    September 03 2012 7:41 AM

    Even though the Fed's Ben Bernanke made an impassioned plea that QE has benefitted the US economy at Jackson Hole on Friday and it would still be his preferred option to try and boost the economy further, risk assets have come off their Bernanke-induced sugar high and EURUSD is back below 1.26 after reaching a high of 1.2640 on Friday. The limited response to Bernanke could be due to 1, the fact he never mentioned when there could be more QE. If we get a strong payrolls number on Friday does ...

  • Majors Daily Forecast 3 September 2012

    September 03 2012 3:22 AM

    EUR/USD Buy at 1.2564 SL 1.2532 TP 1.2641 USD/JPY Buy at 78.22 SL 77.90 TP 78.94 GBP/USD Buy at 1.5854 SL 1.5822 TP 1.5942 USD/CHF Sell at 0.9557 SL 0.9589 TP 0.9473 today so far +35, total on Friday +170 pips