Latest Previous %Chg Daily Daily %Chg Dollar Rates Close High Low 12/31 USD/JPY Japan 79.49-52 79.43-46 +0.08 79.60 79.18 +3.37 EUR/USD Euro 1.2494-96 1.2481-83 +0.10 1.2507 1.2452 -3.59 GBP/USD U.K. 1.5487-92 1.5484-89 +0.02 1.5500 1.5464 -0.34 USD/CHF Switzerland 0.9612-14 0.9620-24 -0.09 0.9644 0.9604 +2.57 USD/CAD Canada 1.0297-302 1.0313-18 -0.16 1.0324 1.0296 +0.88 AUD/USD Australia 0.9898-902 0.9862-66 +0.36 0.9914 0.9852 -3.02 NZD/USD New Zealand 0.7720-26 0.7688-93 +0.43 0.7726 0.7672 -0.68 Euro Rates EUR/JPY Japan 99.30-34 99.14-19 +0.16 99.54 98.74 -0.24 EUR/GBP U.K. 0.8065-68 0.8059-62 +0.07 0.8069 0.8053 -4.61 EUR/CHF Switzerland 1.2008-12 1.2008-12 0.00 1.2012 1.2010 -1.33 EUR/CAD Canada 1.2867-74 1.2871-79 -0.04 1.2881 1.2856 -2.73 EUR/AUD Australia 1.2618-24 1.2649-58 -0.26 1.2653 1.2614 -0.59 EUR/DKK Denmark 7.4307-44 7.4310-49 -0.01 7.4361 7.4262 -0.04 EUR/NOK Norway 7.5274-310 7.5439-506 -0.24 7.5489 7.5262 -2.79 EUR/SEK Sweden 8.8577-648 8.8933-9003 -0.40 8.8982 8.8494 -0.62 EUR/CZK Czech Rep. 25.609-40 25.584-643 +0.04 25.646 25.592 +0.11 EUR/HUF Hungary 297.34-86 297.30-97 -0.01 297.68 297.14 -5.55 EUR/PLN Poland 4.3402-52 4.3470-543 -0.18 4.3558 4.3358 -2.79 Yen Rates AUD/JPY Australia 78.69-74 78.33-42 +0.43 78.90 78.10 +0.63 GBP/JPY U.K. 123.11-19 122.98-03 +0.10 123.36 122.59 +3.02 CAD/JPY Canada 77.16-23 76.98-07 +0.23 77.27 76.77 +2.47 NZD/JPY New Zealand 61.37-44 61.06-13 +0.51 61.49 60.82 +2.66 Other Dollar Rates USD/CZK Czech Rep. 20.495-520 20.497-543 -0.06 20.566 20.494 +3.83 USD/HUF Hungary 237.98-8.38 238.19-70 -0.11 238.85 238.10 -2.04 USD/DKK Denmark 5.9472-98 5.9537-59 -0.11 5.9692 5.9434 +3.68 USD/NOK Norway 6.0247-72 6.0440-86 -0.34 6.0511 6.0210 +0.83 USD/PLZ Poland 3.4738-76 3.4827-82 -0.28 3.4943 3.4718 +0.83 USD/RUB Russia 32.739-90 32.677-743 +0.17 32.896 32.624 +1.91 USD/SEK Sweden 7.0894-946 7.1252-98 -0.50 7.1333 7.0810 +3.08 USD/ZAR S. Africa 8.4208-330 8.4641-758 -0.51 8.4728 8.4200 +4.20 USD/CNY China 6.3715-36 6.3623-44 +0.14 6.3775 6.3732 +0.85 USD/HKD Hong Kong 7.7587-94 7.7601-09 -0.02 7.7603 7.7586 -0.10 USD/MYR Malaysia 3.1801-66 3.1663-728 +0.44 3.1847 3.1726 +0.19 USD/INR India 55.995-6.005 55.610-700 +0.62 56.050 55.673 +5.61 USD/IDR Indonesia 9421-81 9405-5 +0.49 9421 9430 +4.63 USD/PHP Philippines 42.851-3.092 42.919-3.020 +0.00 42.879 43.080 -2.00 USD/SGD Singapore 1.2835-38 1.2860-67 -0.21 1.2868 1.2822 -0.99 USD/KRW S. Korea 1169.19-71.60 1170.39-2.80 -0.10 1173.39 1168.30 +0.84 USD/TWD Taiwan 29.919-80 29.899-960 +0.07 29.949 29.950 -1.04 USD/THB Thailand 31.633-96 31.628-88 +0.02 31.699 31.626 +0.21 USD/VND Vietnam 20822-1473 20945-1015 +0.80 20822 21473 +0.52 USD/BRR Brazil 2.0567-98 2.0607-72 -0.28 2.0637 2.0588 +10.32 USD/MXN Mexico 14.0696-842 14.0891-979 -0.12 14.1151 14.0578 +0.94 USD/ARS Argentina 4.4817-90 4.4859-932 -0.09 4.4897 4.4886 +4.10 Source: ICAP Plc.
Showing posts with label Facebook. Show all posts
Showing posts with label Facebook. Show all posts
Monday, 11 June 2012
Interbank Foreign Exchange Rates
UPDATE: ECB Urges Adoption of Long-Term View in Accounting Practices
By Kathleen MadiganEconomists expect little joy to be found in this week's flurry of reports. The weak readings will give Federal Reserve policy makers much to consider when they meet next week, on June 19 and 20.
Wednesday's retail sales report is expect to show shoppers pulled back in May. The median forecast is that total sales dropped 0.3% in May. Excluding autos, store sales likely slipped 0.1%, in part because of falling prices at gasoline stations.
Forecasters also think the industrial sector downshifted in May, though that followed a large 1.1% jump in April. Industrial production, out Friday, is expected to show a small 0.1% gain last month, and capacity use is expected to remain at 79.2%.
Two early looks at June are also on tap this week. The Empire State survey from the Federal Reserve Bank of New York, scheduled for Friday, is expected to show weakness in June, after a strong showing in May. The business conditions index is projected to slow to 10.7 this month from 17.09 in May.
The preliminary June reading of consumer sentiment, also out Friday, is forecast to drop to 77.0 from the end-May reading of 79.3.
Economists also think falling oil prices brought down top-line inflation in May.
The producer price index, scheduled for Wednesday, is projected to have fallen 0.8% in May, while the core index, which excludes food and energy, is expected to have increased 0.2%.
The median forecast for the consumer price index, due Thursday, is for a 0.3% drop in May, with the core index up 0.2%.
DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS
(ET)
Tuesday 0730 NFIB Small Business May 94.5 94.5
0830 Import Prices May -1.1% -0.5%
1400 Federal Budget May -$125.0B -$57.6B*
Wednesday 0830 Producer Prices May -0.8% -0.2%
-excl food & energy May +0.2% +0.2%
0830 Retail Sales May -0.3% +0.1%
-excl autos May -0.1% +0.1%
1000 Business Inventories Apr +0.3% +0.3%
Thursday 0830 Jobless Claims Jun 9 375K 377K
0830 Consumer Prices May -0.3% Unch
-excl food & energy May +0.2% +0.2%
0830 Current Acct Balance 1Q -$134.0B -$124.1B
Friday 0830 NY Fed Empire St Svy Jun 10.7 17.09
0915 Industrial Production May +0.1% +1.1%
0915 Capacity Utilization May 79.2% 79.2%
0955 Reuters/UMich Consumer
Sentiment (prelim) Jun 77.0 79.3**
*May 2011 reading
**end-May reading
Thursday, 31 May 2012
Daily Forex Brief London: Thursday 31st May 2012
More blood on the streets of financial markets yesterday and overnight, with risk assets reversing still further and safe haven currencies and bonds smelling like roses. Interestingly, while the dollar remained very much in favour and money poured into US treasuries, it was actually the Japanese yen that shone even more brightly. Indeed, USD/JPY is now below 79, which no doubt will both alarm and disappoint Tokyo in equal measure. Although bond yields for Europe's fiscal miscreants soared, the price action in the single currency was more measured, as it drifted gradually down below 1.24, a fresh 2yr low. High-beta currencies such as the Aussie fared worse –it fell below the 0.97 level overnight. In general, May has been a dreadful month for emerging currencies – for instance, the likes of the Russian ruble and the Polish zloty have suffered a 10% decline thus far, while the Indian rupee has dropped to a record low. Likewise, commodities have been hard hit – Brent crude fell to USD 103.34 overnight, down more than 3% over the past 24 hours, while the copper price lost another 2.5%.
Thursday, 17 May 2012
Daily Forex Brief London: Thursday 17th May 2012
Nearly five years into the global credit crunch, you get a feeling for when something has reached the point of no return, when no amount of reassurance, promises or policies will fight the tide of markets. This is not to define markets as pure 'speculators', rather rational individuals and entities that are removing deposits from Greek banks, reducing their exposures to all types of market risk and doing their best not to be crushed by a moving train that is Greece. As well as reports of large-scale withdrawals from Greek banks, we have had (unconfirmed and then denied) reports that the ECB is also refusing liquidity requests from Greek banks, pushing them to the Greek central bank because of the lack of recapitalisation undertaken. We've seen sharp increases in forward Libor-OIS spreads, the measure of interbank liquidity risk that was so watched during the early days of the crisis. From being taboo in official circles, a Greek exit is now more openly discussed rather than dismissed outright. At the same time, after two years of fire-fighting the Greek and wider sovereign crises, there are no policy responses that can credibly stem the tide. We've had two large scale EU/IMF rescue packages, a tortuous 'voluntary' private sector-restructuring and vast lending form the ECB (with ever lower collateral standards applied). The more credible response now from the authorities would be measures to stem contagion elsewhere, particularly with respect to bank deposits in other eurozone countries now that permitted cross-border lending between deposit-guarantee schemes will not be workable. Contagion remains the biggest single risk, given that a Greek exit will mean that what was previously presented as irreversible and unthinkable will have become reality. This is where efforts now need to be focused otherwise the single currency will be left horribly exposed by a Greek exit. Furthermore, all efforts to 'save' Greece from here on in will have been wasted and at the cost of failing to deal with the contagion issue. Policy-makers face a critical choice over coming days. Let's hope they choose the right track.
Monday, 14 May 2012
Daily Forex Brief London: Monday 14th May 2012
Unfortunately, in financial markets at least, it is rarely the merry month of May. Last week was another sea of red, with equity markets on the slide, high-beta currencies heading south and core G4 bond yields declining. Spanish equities were singled out for the harshest treatment, falling another 3%, with the financials again hard hit. The Aussie is back at parity, the euro is under 1.29, and cable is near 1.6050. German 10yr bund yields fell below 1.5%, at the same time as the 10yr yield in Spain rose above 6.0%. Apart from the deteriorating political situation in Greece and the equally disturbing Spanish banking predicament, markets were rattled by the massive loss recorded by one of the units of J.P.Morgan. Overnight, the mood stabilised slightly after China decided to reduce the bank reserve requirement (RRR) by 50bp (see below). Worryingly, many of those forces which were so unsettling last week are still in play, including growing speculation that Greece may well leave the euro before too long
Friday, 11 May 2012
Daily Forex Brief London: Friday 11th May 2012
The week is ending in a similar fashion to which it began, namely with markets broadly in retreat from risk. There's little reason to feel that today will be much different. The focus is on Spain and its expected announcement of just how bad the government believes the bad loans situation is for the banking sector there. Meanwhile, Greece is still trying to stitch together a government from the results of the weekend's election. But the verdict in markets for the week as a whole has been a distinct lack of belief in the course that is being taken in Europe, with regards to France and its intended push for growth, together with Greece and its appetite for continued austerity as well as Spain's banking situation. Overnight, we've also seen slightly softer than expected retail sales and production data in China, although inflation was broadly as expected at 3.4%.
Tuesday, 1 May 2012
Daily Forex Brief London: Tuesday 1st May 2012
Last night's decision by the RBA to lower the cash rate by 50bp to 3.75% ought to be applauded. Faced with an economy which, outside the mining sector, is in recession and with inflation likely to be lower than expected, policy-makers rightly decided that financial conditions needed to be loosened considerably. Australia's central bank would also be concerned by the continued decline in property prices – according to the ABS, established house prices fell by a further 1.1% in the first quarter, the fifth consecutive quarterly decline. More rate cuts are likely to be in the pipeline, judging by the level of term interest rates and the shape of the yield curve. For shorter-term maturities, yields fell by as much as 20bp overnight with the 2yr yield now just 2.8%! Both 5yr and 10yr bond yields fell to record lows. The RBA will also be pleased by the response of the currency, with the Aussie down 1% to just above 1.03. Last night's sudden drop aside, it is worth recognising that the AUD's recent performance has actually been remarkably resilient considering the significant narrowing in interest rate differentials. As we were suggesting yesterday, the key driver for the currency is invariably global risk appetite rather than domestic fundamentals.
Monday, 30 April 2012
Daily Forex Brief London: Monday 30th April 2012
It has been exceedingly gradual, but the dollar has been drifting downwards over the past two weeks. Not that we are talking about a big move mind you – the dollar index is down by roughly 1.5% over that time. That said, some of the major dollar crosses are at levels not witnessed for some time – cable for instance reached a 7mth high at just under 1.63 overnight. Indeed, the pound has been something of a revelation so far this year, despite the fact that the economy is apparently back in recession. Clearly sterling is attracting flows from a number of different sources. Just imagine how well the currency might be doing if the economy was actually registering the kind of growth that America is experiencing. The Japanese yen is also faring quite well, after a torrid period in February and the first half of March. Even the beleaguered Aussie has perked up, despite mounting speculation that the RBA will cut rates by 50bp by mid-year. All things considered, it has been an indifferent first four months of the year for the dollar, which is slightly surprising as the economy looks better than most, corporate earnings are healthy and the Fed has backed away from implementing further QE after Operation Twist finishes next month. Part of the explanation is that there has been a slight improvement in risk appetite recently. For now, some of the high-beta currencies such as the Kiwi and the ZAR are attracting interest, while sterling retains a very healthy bid.
Friday, 27 April 2012
Daily Forex Brief London: Friday 27th April 2012
It seems like some time ago now that Japan threw everything, including the kitchen sink, at the deflation problem. Now they are ripping out the plumbing and anything else they can find to try and escape the deflationary slump which the economy has been suffering from for the best part of the past fourteen years. The latest meeting has seen the Bank of Japan expand its asset purchase-program by a further JPY 10trln (to JPY 40trln). It also chose to extend the maturity of both government and corporate bonds to be purchased under their QE program. It now has an inflation target of 1%, which it remains confident of reaching "in the medium to long term", but that is a long time in central banking terms and markets hold little faith in such a forecast, largely through the bitter experience of recent years (and not only in Japan).
Wednesday, 25 April 2012
Daily Forex Brief London: Wednesday 25th April 2012
In what can only be described as a remarkably candid assessment, China's Ministry of Industry and Information Technology overnight claimed that both domestic and external conditions were still 'grim' and that the economy was likely to endure further downward pressure. Companies in China are confronting growing operational difficulties, including much higher prices for energy and substantially higher wages. Interestingly, there has been little response in Asia overnight to this report, with equities becalmed ahead of tonight's FOMC decision and Friday's BoJ meeting. In foreign exchange markets, even the Aussie ignored the warning, which is unusual because it is invariably extremely sensitive to changes in China's economic outlook. Instead, it appears that more attention was paid to Premier Wen Jiabao's promise to stimulate the economy through additional policy measures if required. More stimulus from Beijing cannot be far away because it is clear that the economy needs it to achieve the growth targets set by policy-makers.
Tuesday, 24 April 2012
Daily Forex Brief London: Tuesday 24th April 2012
Yesterday proved to be a fairly tumultuous day in markets, in stocks especially. For Europe, it was a combination of the economic and political that conspired to put pressure on investor sentiment. Events in both France (a likely change in president) and the Netherlands (a backlash against austerity) impacted sentiment, as did the softer PMI data for both France and Germany. For now, it appears that the factors that were supportive for most of Q1 (ECB 3Y money, Greece inching back from the brink and better US data) are waning, but suitable replacements have yet to be found. For FX, this is seeing a stronger return to 'risk-off' moves into month-end, so the dollar is firmer against most (the yen excepted) and the Aussie is suffering the most, helped by softer inflation data overnight.
Monday, 23 April 2012
Daily Forex Brief London: Monday 23rd April 2012
During April, markets have displayed a far more cautious tone to that seen through most of the first quarter. FX markets were earlier than most to adopt this tone, with high-beta currencies turning at the start of March, much earlier than most equity markets. As we enter the last full week of April, this approach seems set to continue. The first round of voting in the French presidential election campaign has strengthened the view that Sarkozy is unlikely to see a second terms and markets are slightly nervous regarding his likely successor, Francois Hollande. The US Federal Reserve also meets this week, but all the signs are that it is unlikely to satisfy those hoping for a fresh round of quantitative easing, despite the ongoing underlying weakness of the economy. Furthermore, the latest PMI data from China (HSBC manufacturing series) increased to 49.1 (from 48.3), keeping alive concerns about the extent of the slowdown currently being seen in China. Finally, the latest producer price inflation data in Australia appear to have further cemented the case for a fresh rate cut next month. Cautious pessimism is likely to remain the theme as we head into month end.
Friday, 20 April 2012
Daily Forex Brief London: Friday 20th April 2012
Yesterday's bond auctions might have gone well enough, but unfortunately other issues are brewing in Europe and moreover they are getting progressively worse. In Italy, as the economy reverses more rapidly than expected, the fiscal dynamics look increasingly problematic. Unsurprisingly, the IT/GER 10yr spread widened another 15bp to almost 400bp. Spain is in the doghouse as well, for similar reasons, with the 10yr yield not far short of 6.0% again. Also worth noting is the continued underperformance in France – the 10yr FR/GER yield spread was 15bp wider at 140bp at one point, compared with 100bp just a month back. Part of the explanation lies in the increasing likelihood that François Hollande will become France's next President. Hollande has been threatening to renegotiate the fiscal compact if elected (little wonder Merkel wanted to campaign for Sarkozy), and he has vowed to raise the minimum wage; he also wants the ECB to be more active in resolving Europe's sovereign debt crisis. Not to be outdone, New Democracy Party leader Samaras has pledged to push back implementation of the Greek bank recapitalisation plan until at least after the election. Just as well some of Europe's finance ministers are gathered together in Washington – they might as well start discussing how to deal with Europe's next financial tsunami. As the IMF's latest Global Financial Stability Report made clear, European faces a huge credit crunch over the next 18 months as banks shed USD 2.6trln of assets. Strap yourself in, there is worse to come!
Thursday, 19 April 2012
Daily Forex Brief London: Thursday 19th April 2012
Of the major currencies it has been the proud pound that has been leading the way so far this year. Following yesterday's less dovish MPC Minutes and the surprisingly strong employment figures, cable is back through 1.60 once more and EUR/GBP is at a 20mth low of 0.8180. Against the Japanese yen the pound has advanced by almost 10% so far this year. Numerous explanations account for this more buoyant performance: the pound is very competitive, many sovereign wealth funds and high net worth individuals are still spooked by the euro (see below) and regard UK assets (such as London property and gilts) as safe-havens, and the economy appears to have avoided falling back into recession. In addition, other major currencies such as the Japanese yen, the Australian dollar and the Swiss franc are regarded as being very expensive, so it is little wonder that sterling is on the radar of money managers. Looking ahead, these sources of demand are likely to remain evident for some time to come. The message for a while now has been 'do not underestimate the pound'.
Also in today's Daily Forex Brief:
- UK QE loses its biggest sponsor
- Spain goes back to its roots
- Reserve managers snub their nose at the euro
- Yen softens amidst talk of more BoJ easing
Thursday, 24 March 2011
100-125 Facebook fans for US Page
Status: Open
Selected Providers:
Budget: $30-$250 USD
Created: 03/25/2011 at 0:43 PKT
Description
Looking to get some fans for a US Facebook page.All fans should be from USA
Requirements for this project:
-All Fans must be REAL PEOPLE with active facebook pages (no fake accounts) or accounts at risk of being suspended. ABSOLUTELY NO FAKES, NO BOTS, NO SPAM!
-All fans must have a minimum of 50+ friends.
-All fans must be the age of 18 and over.
-All fans must be active and have logged in within the past 15 days.
-All fans must have their status updated within the past 30 days.
-ABSOLUTELY NO fans are allowed to be spammers or risk of having their accounts deleted.
-ABSOLUTELY NO fans with illegal pictures, pornography or any content that will jeopardize their accounts deleted.
-ABSOLUTELY NO fans that will risk my fan page being deleted.
-Please use good practices for inviting fans. (Facebook account must not be banned/deleted for your actions. It should always be kept active. If Facebook account is not complete there will be no payment for this project.
Payments:
100% of payment will be put into escrow upon project acceptance. The escrow will be released when quoted number of fans are present and account is still in good standing after 5 days.
Additional Information:
Will only accept bidders with previous experience (in Freelancer feedback)
Job Type
Subscribe to:
Posts (Atom)