Warren Buffett, the head of Berkshire Hathaway, believes that American economy is improving month by month.
US GDP gained 2.8% showing the maximal advance since 2005. The unemployment rate fell from 9.8% in November to 8.9% in February. The Standard & Poor’s 500 Index increased by 3.2% this year after climbing by 13% in 2010 and 23% in 2009, though it’s still about 14% below its level at the end of 2007.
The famous billionaire investor says that although there will be some commercial...
Investors’ attention has returned to Portugal where the parliament votes today on budget cuts, the issue that caused difference in views among the lawmakers.
Analysts at Deutsche Bank say that in the worst case Portuguese government will fail leaving the county without the leading power until April. This would mean, in its turn, that there will be no legitimate government to negotiate EFSF bailout terms. The specialists are sure that the country will be soon forced to ask for the external...
British pound reached yesterday new 14-month maximum in the 1.6400 area versus the greenback.
Technical analysts at Commerzbank note that as the pair GBP/USD managed to overcome the 4-year resistance line at 1.6300, it’s now heading to the 1.6425/65 zone. This area contains a long-term double Fibonacci retracement (the 38.2% retracement of the decline from 2007 to 2008 and the 78.6% retracement of the move in 2009-2010) and the 2010 maximum.
If sterling rises above 1.6425/65, it will be able to...
The single currency fell below 1.2800 versus Swiss franc ahead of the summit of EU leaders on March 24-25. Franc keeps resumed its strengthening path as investors concerned about Japan and the tensions in the Middle East buy it as a safe heaven.
Analysts at BayernLB claim that the pair EUR/CHF may fall down to 1.2500 in the medium term.
Strategists at Zuercher Kantonalbank think that euro is currently consolidating and note that it may find support at 1.2750 and then at 1.2703. The euro zone’s...
J.P.Morgan分析师预计石油价格将上涨。并认为，如果利比亚动荡没有减弱，石油价格将毫无疑问的居高不下。与此同时，专家认为，即使中东地区的紧张局势逐渐消退，仍将刺激经济增长，首先表现在对能源的需求上。加拿大是世界第六大石油出口国，因此，J.P.Morgan对加拿大元进行加息。该行建议星期二以后开始交易，因为这一天，将计划进行加拿大预算的讨论，并且需等待，以消除重大事件对汇率影响的的风险 。分析师建议出售美元 ，购买0.99价格的加元，等待USD/CAD跌至0.95，并应在1.0150支撑位上。值得注意的是，加元汇率与S&P 500指数的动态有关，因此购买加元就意味着期望美国股市上涨。但是J.P.Morgan并不为此担心，J.P.Morgan预计由于经济复苏，美国股市将上涨。
UBS分析师预计，七国集团联合对降低日元汇率的干预会达到预期结果。 据近30年的研究报告中显示，5次协同干预行动中，有4次扭转情势使其汇率达到预期。银行认为，干预的成功，是因为七国集团国家对汇率变化进行的干预符合 利差的变化。这一期间采取了以下协调干预措施：1）1985年 –“广场协议”，导致美元贬值。其结果是USD/JPY两年内降低了50%。2）1995 — 华盛顿协议，刺激美元反弹。3）1998 — 日本财政部、美国财政部要求美联储和日本央行联手干预买进日元，使其有助于维持美元兑日元低于150.00。4）2000年9月 — 欧洲央行，美联储以及日本，英国和加拿大央行进行了联合干预，以阻止欧元汇率下降。 5）1987年 — 卢浮宫协议，由于德国联邦银行同年夏天提高了利率，而未能对美元形成支撑。根据UBS预测, USD/JPY 3个月内上涨至83.00。六月，美国联邦储备局计划完成宽松政策。欧洲央行在四月将提高基础利率，而预计日本央行可能会维持利率近乎零。
Analysts at Investec claim that if British pound closes today above $1.64, it will get chance to rise to $1.66.
The specialists note that, according to the data released today, UK inflation pace has increased to the highest level in more than 2 years encouraging speculation that the Bank of England may raise interest rates.
In February CPI added 4.4% on the annual basis, while the economists were looking forward to only 4.2% growth.
The pair GBP/USD rose today to the highest level since January...
Technical analysts at Mizuho Corporate Bank note that the single currency is consolidating at the upper border of the broad range in which it was trading versus Japanese yen during the past year.
The specialists claim that the technical picture says that the pair EUR/JPY is likely to break higher soon. In their view, this may also happen in other yen crosses.
According to Mizuho, it’s necessary to buy euro at 115.00 adding on dips to 114.55. The bank recommends placing stop orders well below...