-- ALERT --
DE IFO Survey June 2012
Climate:105.3 vs. 105.9 exp. vs. 106.9 prev.
Conditions:113.9 vs. 112.0 exp. vs. 113.3 prev.
Expectations: 97.3 vs. 99.8 exp. vs. 100.9 prev.
similar expectation data from Italy ... "bright" future :)
GVI Forex john bland 08:16:58 GMT - 06/22/2012
Just looking at the IFO chart, the current conditions improvement came on the heels of a sharp fall in the previous month.
GVI Forex john bland 09:04:17 GMT - 06/22/2012
09:05 GMT (Global-View.com) June 22- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index
is opening Friday in North America at .5571, +0.17% from its Thursday close (+3.64% vs. end-2010).
As for its key subcomponents, the USD forex purchasing power index is .8017, +0.05% (+3.02% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is worth .1837, +0.00% (-9.48% end-2010).
Against crude, it is at 0.5700, +0.51% (+15.88% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against
levels from the start of 1999, as of the initial launch of the euro (currency).
The
key German IFO survey was weak as expected. It was noted that the
survey was taken before the Greek election, but a broader weakening
pattern had already been in place. U.S. data on Thursday were weaker than forecast.
No major data are set for release today.
Equity
markets had a difficult session Thursday well before the late in the
day downgrade of nineteen banks. We have been watching the weakness
in crude oil prices decline on expectations for weaker global
demand. Watch stocks today.
Our forex trading theme for the
new week will be the lead up to EU leaders summit scheduled for next
Thursday and Friday.
The EURUSD
is slightly lower. The key EURUSD 20-day average is 1.2530. The 10-yr bund
is 1.52%, -1 bp Key European bourses are lower. The U.S.10-yr
is 1.62%, 0 bp.
Key Asian
bourses closed down. The 10-yr JGB is 0.83%, +1 bp.
The key
USDJPY 20-day average is 79.19. EURJPY 20-day average
is 99.23..
GVI Forex john bland 09:35:01 GMT - 06/22/2012
Correlation trade starting to work. Careful with comparisons today, as the DAX is catching up with U.S. Equities will be an important measure of confidence.
17:50 GMT (Global-View.com) June 22- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index
is ending Friday in North America at .5550, -0.36% from its Thursday close (+3.15% vs. end-2010).
As for its key subcomponents, the USD forex purchasing power index is .8009, +0.05% (+2.92% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is worth .1837, +0.04% (-9.44% end-2010).
Against crude, it is at .5595, -1.35% (+14.71% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against
levels from the start of 1999, as of the initial launch of the euro (currency).
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As for its key subcomponents, the USD forex purchasing power index is .8017, +0.05% (+3.02% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Forex Trading Tools
Index
As for its key subcomponents, the USD forex purchasing power index is .8009, +0.05% (+2.92% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
