GBPUSD Consolidated After sales drop sharply. Pound under pressure on Tuesday, had even touched a 11-month low vs euro, weighed down by a gloomy outlook for the UK economy plus the risk of credit rating downgrade that carried triple-A UK. Level of public sector borrowing lower during December back adds to the evidence that the target of British government debt is still growth than the original target that they were afraid to downgrade the UK's credit rating in the coming months. Besides the uncertainty relations between the UK and the European Union is also a negative catalyst for the pound throughout the week. Prime Minister David Cameron plans to give a speech related to British membership of the European Union Wednesday. However, among the factors mentioned above, the main reason is the weak performance of the GBP concern for indications BoE minutes and Q4 GDP report will be released Friday. Last week, the fact that the pace of retail sales has not increased at all in Q4, so it can expectation rate of GDP is still weak. Weak consumer consumption levels also potentially trigger new concerns for the central bank. Overall the UK economy is still facing problems so weak GBP were also reflects the position of the market participants to a series of weak economic data. Resistance: 1.5915 - 1.5950, Support: 1.5790 - 1.5750.
DuPont Successfully Profit Exceeds Estimates
DuPont on Tuesday reported a profit of 11 cents per share for the 4th quarter, with total earned revenues worth $ 7.3 billion. The results surpassed Wall Street analysts' estimates, which had previously forecast DuPont should be profitable by 7 cents per share on revenue of $ 7.3 billion. At the same time the company also raised its forecast for 2013 earnings to range between $ 3.85 per share to $ 4.05 per share, which again beats forecast $ 3.84 per share from analysts. Nevertheless, prospects for revenues of $ 36 billion for the year 2013 was in line with estimates. Shares of DuPont moved about 1.3% higher in pre-market session on Tuesday.
Order of British Industry Deteriorating
Gloomy outlook for the euro-zone economy and the fragility of Britain's recovery seemed successful in reducing industrial orders. Industry was orders index fell to -20 for the month of January; worse than predicted -10 and -12 before publication. "Although domestic demand and optimism of the business is quite stable but there are concerns over export orders," said economist Association of British Industry released data. The poor industrial orders data will certainly provide additional evidence fragility of the economic recovery. UK GDP, which will be released on Friday, is expected to show the threat of the return of the economic recession. BoE has even uttered the UK economy could experience a contraction in the fourth quarter of 2012. Meanwhile, sterling was not so affected by the publication of these data. Action of short-covering seems to still dominate the movement after the fall of sterling sharply since the beginning of the Asian session. GBP / USD is now trading 1.5864, try to stay away from the daily low of 1.5809.
U.S. Crude Oil Futures Traded Mixed
U.S. crude oil futures traded mixed Tuesday from London session, with some analysts predicting the prospect of higher prices in the long term, but some see there are still risks falling demand. Observed so far U.S. crude futures for February month contract edged up 0.01% at the level of $ 95.55 a barrel, after reaching its highest intraday $ 95.72 per barrel, and the lowest level daily at $ 94.98 per barrel. Increased oil demand especially from Asia, has led to the revision of the increase in oil demand during 2013 as EIA 900.000 barrels per day to a total of 90.8 million barrels per day this year. From the supply side, the elections in Iran, and Israel as well as the potential for conflict in the Sudan, Syria and Algeria contributed to the risk of delays in supply and maintain oil uptrend. Moreover, Saudi Arabia, which is the world's largest oil producers have cut production in Q4 2012 amounted to 600 000 barrels per day.
ILO: Unemployment Rate Will Touch the World's Highest Level In 2013
The number of unemployment in the world can be above the level of record highs this year, and may continue to increase until 2017, the International Labour Organisation (ILO) said on Tuesday in an annual work report. In 2009, the worst year for world unemployment rates, where as many as 198 million people were without jobs in the world. To report Global Employment Trends 2013, the ILO unemployment rate expected to rise by 5.1 million people, making it possible in 2013 the unemployment rate will reach 202 million people, it is on record in 2009. The report also predicts that the unemployment rate will rise further in 2014, is likely to reach 205 million unemployed.
U.S. Stock Index Futures Expect Earnings Reports
After a long holiday weekend, U.S. stock index futures traded sideways in a trading range is still ahead of the opening session of the Wall Street await earnings reports and economic data Dupoint existing home sales and regional manufacturing indexes. Observed so far DJIA index futures down -0.01% at the level thin 13.574, while the S & P500 rose 0.10% futs to a level of 1,480.25 and the Nasdaq rose 0.25% terkerek futures traded at 2,740.25 so far. Attenuation successfully bounded by positive German ZEW economic expectations index, which managed to skyrocket beyond estimates in the month of January. Furthermore, investors will wait for the report of the U.S. housing sector through the data existing home sales, which are expected to rise to 10.5 million units in December from the previous month at 5:04 million units. From the corporate side, awaited earnings reports include earnings rate Du Pont, Johnson & Johnson before the opening of Wall Street, as well as the earnings report Google Inc, IBM and Delta Airlines.
DuPont Successfully Profit Exceeds Estimates
DuPont on Tuesday reported a profit of 11 cents per share for the 4th quarter, with total earned revenues worth $ 7.3 billion. The results surpassed Wall Street analysts' estimates, which had previously forecast DuPont should be profitable by 7 cents per share on revenue of $ 7.3 billion. At the same time the company also raised its forecast for 2013 earnings to range between $ 3.85 per share to $ 4.05 per share, which again beats forecast $ 3.84 per share from analysts. Nevertheless, prospects for revenues of $ 36 billion for the year 2013 was in line with estimates. Shares of DuPont moved about 1.3% higher in pre-market session on Tuesday.
Order of British Industry Deteriorating
Gloomy outlook for the euro-zone economy and the fragility of Britain's recovery seemed successful in reducing industrial orders. Industry was orders index fell to -20 for the month of January; worse than predicted -10 and -12 before publication. "Although domestic demand and optimism of the business is quite stable but there are concerns over export orders," said economist Association of British Industry released data. The poor industrial orders data will certainly provide additional evidence fragility of the economic recovery. UK GDP, which will be released on Friday, is expected to show the threat of the return of the economic recession. BoE has even uttered the UK economy could experience a contraction in the fourth quarter of 2012. Meanwhile, sterling was not so affected by the publication of these data. Action of short-covering seems to still dominate the movement after the fall of sterling sharply since the beginning of the Asian session. GBP / USD is now trading 1.5864, try to stay away from the daily low of 1.5809.
U.S. Crude Oil Futures Traded Mixed
U.S. crude oil futures traded mixed Tuesday from London session, with some analysts predicting the prospect of higher prices in the long term, but some see there are still risks falling demand. Observed so far U.S. crude futures for February month contract edged up 0.01% at the level of $ 95.55 a barrel, after reaching its highest intraday $ 95.72 per barrel, and the lowest level daily at $ 94.98 per barrel. Increased oil demand especially from Asia, has led to the revision of the increase in oil demand during 2013 as EIA 900.000 barrels per day to a total of 90.8 million barrels per day this year. From the supply side, the elections in Iran, and Israel as well as the potential for conflict in the Sudan, Syria and Algeria contributed to the risk of delays in supply and maintain oil uptrend. Moreover, Saudi Arabia, which is the world's largest oil producers have cut production in Q4 2012 amounted to 600 000 barrels per day.
ILO: Unemployment Rate Will Touch the World's Highest Level In 2013
The number of unemployment in the world can be above the level of record highs this year, and may continue to increase until 2017, the International Labour Organisation (ILO) said on Tuesday in an annual work report. In 2009, the worst year for world unemployment rates, where as many as 198 million people were without jobs in the world. To report Global Employment Trends 2013, the ILO unemployment rate expected to rise by 5.1 million people, making it possible in 2013 the unemployment rate will reach 202 million people, it is on record in 2009. The report also predicts that the unemployment rate will rise further in 2014, is likely to reach 205 million unemployed.
U.S. Stock Index Futures Expect Earnings Reports
After a long holiday weekend, U.S. stock index futures traded sideways in a trading range is still ahead of the opening session of the Wall Street await earnings reports and economic data Dupoint existing home sales and regional manufacturing indexes. Observed so far DJIA index futures down -0.01% at the level thin 13.574, while the S & P500 rose 0.10% futs to a level of 1,480.25 and the Nasdaq rose 0.25% terkerek futures traded at 2,740.25 so far. Attenuation successfully bounded by positive German ZEW economic expectations index, which managed to skyrocket beyond estimates in the month of January. Furthermore, investors will wait for the report of the U.S. housing sector through the data existing home sales, which are expected to rise to 10.5 million units in December from the previous month at 5:04 million units. From the corporate side, awaited earnings reports include earnings rate Du Pont, Johnson & Johnson before the opening of Wall Street, as well as the earnings report Google Inc, IBM and Delta Airlines.
0 Comment to "GBPUSD Consolidated After sales drop sharply"
Post a Comment
Thanks for comment here, admin.