HPC Daily Analysis

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Brazil's economic growth forecast for a slight increase

Brazil's central bank announced financial market analysts report, 2013 economic growth forecast values had slightly increased from 3% to 3.01%; 2014 remained 3.5%.
Local economists to increase the predictive value of the basic interest rate in 2013 after three consecutive weeks, central bank to maintain the basic interest rate forecast unchanged at 8.5% in the end of this year, the price index was estimated at 5.71 percent. Nevertheless, the government is still worried about inflation may break through the 6.5% target ceiling.
Central bank analysts forecast Brazil's industrial production growth of 3.12% this year, industrial production growth of 3.95% next year. Although the president of the Central Bank of East Beanie stressed the central bank concerned about inflation, but failed to quell market concerns, long-term bond prices are still rising.

From HPC Forex.

 

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The European PPI slow down than expected
Euro zone in February producer price index (PPI) to slow down rather than economists expected, the main cause of energy growth has slowed down.
Eurostat said, Eurozone PPI increased by 1.3% compared to the same period last year, increase 1.7% year-on-year in January. Bloomberg's visit to 17 economists forecasted an increase of 1.4%. February PPI rose 0.2% compared with January.
Europe's biggest economy - Germany February PPI slowed to 1.2% from 1.7% in January. France is a boom weakest major economies, March PMI fell to 41.9, the lowest in March 2009.

By HPC Forex.

 

[hpc]

Japan's current account into profits the first time in four months

Japan's current account in February to return to surplus, the main cause was the depreciation of the yen to boost the prospects for recovery of the world's third-largest economy.

Japan's Ministry of Finance said today, current account four months to the first surplus in February, the surplus amounted to 37.4 billion yen ($ 6.5 billion), better than median of Bloomberg visits to the 24 economist forecasts of 57.5 billion yen.

The yen today demoted to the lowest since May 2009, the main cause of Japan's central bank last week announced the unprecedented monetary stimulus measures, the depreciation of the yen benefit exporters, repatriate overseas profits and increase the value, reduce the risk of Japan needs foreign capital to meet the world's largest public debt burden.


By HPC Forex.

 

[hpc]

February machinery orders in Japan increase by 7.5%

According to the statistics released by the Cabinet Office show February 2013, Japan's seasonally adjusted folk core machinery orders amount (excluding ships, power) compared to the previous month growth of 7.5% (minus 11.3% per year) to 703.8 billion yen, growth for fourth time in 5 months, better than Reuters's investigation prior estimate of 6.8% monthly increase, and increase in record 15 months (since November 2011; significant increase of 14.8%) new high record.
Japan's core machinery orders in the previous month Amount (excluding ships, electricity) for the month by 13.1% (minus 9.7%) to 654.4 billion yen.

By HPC Forex.

 

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U.S. retail sales unexpectedly greatly reduced

U.S. retail sales unexpectedly fell in March, appears to be the biggest decline in nine months, The Commerce Department reported that retail sales in March fell 0.4%, the reduction is the highest since June last year, reverse the growth of 1% February . Bloomberg original estimate in March retail sales unchanged. Department stores and sales of electronic products in the worst performance.

By HPC Forex.

 

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Tax avoidance make the EU an annual loss of 1 trillion

In the next month's summit, the EU will focus on the fight against cross-border tax evasion, when Austria will face pressure to comply with EU regulations on transparency, Switzerland and Liechtenstein are also worried that could become the next target.
On Friday, said European Council President Herman Van ompuy, tax evasion of the EU's annual loss of income of about 1 trillion euros, he announced that the EU leaders summit next month to discuss the matter.
The amount of revenue loss equivalent to a year of economic output in Spain, far more than the 400 billion euros of the total bail-out of Greece, Ireland, Portugal and Cyprus.
"We must pay close attention to the political face of elevated power to deal with this major issue." Van ompuy said in a statement issued by the network.

By HPC Forex.

 

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G20 support for Japan easing

Group of 20 finance ministers prudent green light to continue to implement easing monetary policy in Japan, and concerns about the global economic recovery may be derailed heightened, slightly urge Europe to take more measures to boost economic growth.
Friday G20 communique issued at the end of the meeting reflects, Member States agreed to give countries greater leeway in the implementation of economic stimulus measures.
Change the tone of the conference communique over the argument on the Moscow meeting in February. The G20 meeting in February, the main concern is about to set off a global currency war, Japan and other countries will be competitive devaluations.
However, the Japanese seem to have to make other finance ministers believe the country's easing monetary policy objective is to revive the economy, rather than the depreciation of the yen.

By HPC Forex.

 

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New Zealand dollar to collapse

The world's largest fund company BlackRock Group has scaled back, is busy fled the New Zealand dollar exchange rate that performance led the way in this year. Because Blackrock believes that involvement in commodity prices collapse, combined with China's economic growth slowed down, the New Zealand economy could potentially vulnerable.
Blackrock, says miller, director of the group in Sydney, the New Zealand dollar exchange rate up too high, In February he ended New Zealand dollar long position, leave early. Miller had predicted the Australian dollar soared on record high in 2011.
According to the Economic Cooperation and Development (OECD)’s purchasing power parity (PPP) calculation, New Zealand dollar exchange rate was overvalued by nearly 22%.

By HPC Forex.

 

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Eurozone economic confidence fall more than expected

Eurozone economic confidence decline exceeded economist estimates, causes in the 17-nation euro zone is difficult to get rid of the quagmire of recession and Cyprus to accept relief renewed debt crisis concerns.
Executive Committee of the European Union announced, head of euro-zone business and consumer confidence index in April down from March revised 90.1 to 88.6, hit the lowest point since December last year. Bloomberg for the 26 economist interviewer estimated value dropped to 89.3.
Europe's largest economy, Germany, April enterprise and investor confidence decline more than expected. European Central Bank (ECB) president Mario Draghi noted, since the beginning of this month, the euro zone economic situation has not improved. At the same time, Mario Draghi estimated recovery from the recession of the economy later this year, another survey conducted by Bloomberg, economist forecast economic will growth at second quarter.

By HPC Forex.

 

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United States February house price the largest growth in 7 years

February house price growth in the United States was the fastest for the past seven years, once again show that the recovery of the housing market will help ease the Government's austerity policies drag on the economy.
February 20 metropolitan areas in the S & P / Kaisixile House Price Index rose 9.3% over the same period last year.
The data strengthen the view that housing prices may enhance the American people willingness to spend this year, to help ease the impact of tax increases and government spending cuts policy on economic growth.

By HPC Forex.

 

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French Finance Minister: austerity era ended

Germany's strong implementation of austerity is coming to an end? The European Union agreed to France can be delayed for two years to reach a deficit reduction target. French Finance Minister Pierre Moscovici said this is the end of an era of austerity in Europe.
Said Pierre Moscovici interview with French radio station Europe 1 visit, this is a historical turning point since the euro's launch, but also a defining moment.
The outlook for the French economy, Europe's second largest economy is in the doldrums, the unemployment rate soared to a new high, it will be difficult before 2014 the deficit accounted for the proportion of economic output fall below 3%.
EU agreed to give France a two-year grace period. Pierre Moscovici said France will not slow down because of grace period, remains committed to deficit reduction target for completion next year.

By HPC Forex.

 

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U.S. March consumer credit growth worse than expected

March consumer loans in the United States grew less than expected, mainly because Americans to reduce credit card to make a purchase the first time this year.
Figures released by the U.S. Federal Reserve show, March consumer credit increased by $ 7.9 billion, the previous month was $ 18.6 billion, record the largest increase since May 2012. The median of Bloomberg visits forecast of growth of $ 15.6 billion, including credit card spending, decrease in revolving credit and increase in non-revolving loan.

By HPC Forex.

 

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Depreciation of the yen breaking the 100 hurdles

Depreciation of the yen more than potential, depreciated break 100 yen against 1 U.S. dollar in New York trading, for the first time in four years fall below the hundred round hurdles, the reason is that the Japanese government has adopted stimulus measures to revive the economy, the yen continues to face pressure to depreciate.
In Asian trading, the U.S. dollar briefly rose to 101 yen against the U.S. dollar, the last price of the U.S. dollar above 100 yen in April 2009.
However, "Mr. Yen" Eisuke Sakakibara said, the yen will not be sharp depreciation; for medium to long term, Yen against the dollar will fluctuate between 95-100 yen.

By HPC Forex.

 

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Eurozone March industrial production surged 1%

Despite the increase in investor confidence in Germany in May not as expected, but the euro-zone industrial production rose in March, add a glimmer of hope for the area in the first quarter the economy out of recession.
Eurostat released on Tuesday, Euro-zone industrial production in March grew 1% compare with February, and It is the strongest monthly growth since July 2011, a decrease of 1.7% compared with the same period last year, the decline rate is the smallest since August 2012.

By HPC Forex.

 

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U.S. stocks break new high

The U.S. economy turns for the better, UM index of consumer sentiment climbed to a six-year high, leading indicator off a five-year high in April, cause the market to further warming on expectation Fed to decrease bailout , stimulate the U.S. dollar index rose against the nearly three-year high.
Economic good, plus JP drastic increase in U.S. stocks forecast at the end of the year, the Dow Jones index morning market gained 72 points, a new record high. The dollar on Friday made ​​significant better, the dollar index rose up to about 1%, continuation of this month's rally. In terms of starting from at the beginning of the year has risen more than 3%.

By HPC Forex.

 

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French tax wealthy soared to hundred

French wealthy tax rate exceeded 100% of the highest! According to the French Ministry of Finance data, 2012 has over eight thousand households income tax rate of more than 100 percent, these wealthy family assets are more than 1.3 million euros ($ 1.67 million).
French financial newspaper "Les Echos" on Friday, according to the French Ministry of Finance data reports related to tax the rich to pay tax and the number of, in addition to the maximum rate of over 100% of the super-rich, there are nearly 10,002 families pay 75% of the proceeds in mid-2011, another 9,910 family’s tax rate over 85%.
Les Echos say that, such a high rate of major assets for the government for 2011 more than 1.3 million euros for the implementation of high-income families a one-time tax, the tax measures introduced by the Socialist Party presidential Outlander to cover former President Sake Ji a tax rebate programs and tax measures to limit losses.

By HPC Forex.

 

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Japan's April CPI Friday announce‧Abe Economics to be verify

The Japanese government will recently announce the latest inflation, retail sales, household spending and other important economic data. Japanese Prime Minister Shinzo Abe took office boldly promote the "Abe economics", successfully led the Japanese stock market rose, economic growth, but whether out of deflation, ultimate test is still coming to see related indicators of consumption and prices.
Japanese government on Wednesday (the 29th) will announce April retail sales data, Friday (the 31st) and more will be announce, April core consumer price index (CPI), May Tokyo area core CPI, April household spending, April industrial production initial value, April car production and export, April unemployment rate, and May manufacturing PMI and many other indicators.

By HPC forex