Swiss banking giant, UBS and Credit Suisse to protest rising above 19% CAR

SWISS. Two leading Swiss banks UBS and Credit Suisse which staged a protest against the draft banking legislation that would raise the capital adequacy ratio of 19%. It was delivered by UBS and Credit Suisse officials at a meeting of a parliamentary commission to discuss draft law on the too big too fail in the Swiss financial firms.

Capital ratio is expected to more than 19% are in contrast very far from Basel III agreement that only 10.5%. UBS and Credit Suisse consider this to be burdensome and reduce their competitiveness. The two giant banks is known to have a balance sheet which, when combined value more than doubled the Swiss economy.

In response to these protests, the monetary authorities of the Swiss National Swiss bank confirmed that Swiss banks must be protected from the possibility of growing very large so it will be included in the category of too big too fail.

Speculative Euro Stronger Against U.S. Dollar

Recent data releases are expected to potentially signaling a decline in economic performance in the European Union, observed early in speculative responded that the Euro was observed to move opposite direction to the estimated number of ZEW Economic Sentiment ekonom.Spekulasi that will show better performance than these estimates lead to the strengthening of currency movements Euro noon today

End U.S. Stimulus Will Hit Hard Gold More Than Oil

The end of quantitative easing, or so-called quantitative easing (QE), the U.S. will have a negative impact on gold, but demand for oil and industrial metals will continue to support if there is real economic growth, said Jeff Currie of Goldman Sachs.

"Gold is likely to directly reflect what is happening with QE, and we might see a big setback," said Currie, who heads commodities research at the investment bank.

Speaking at a Platts oil conference on Friday, Currie said the precious metal has been running behind quantitative easing, which has reduced the value of paper money.

Oil and industrial metals, on the other hand, has increased due to fears of supply shortages. If real, sustainable economic growth has been generated from the QE process, there may be some slowing of growth, but still can support the demand for industrial commodities, he said.

"We think at least 12 months away before we see some physical problems began to emerge again, that's why we argue for a correction in the near future," said Currie.

"But if the economy were to survive together, we believe oil will begin to look like agricultural products, with real physical shortages and higher prices."

Gold Distressed sluggish U.S. Dollars

Gold fell on Friday, with a sharp turn from the initial rise, as the dollar surges against the euro and the recent uncertainty about the euro zone debt crisis prompted investors to sell ahead of the weekend.

Spot gold fell 0.7% to $ 1,492.70 per ounce at the close of this morning, after earlier climbing as high as $ 1,516.50. U.S. gold futures for June delivery fell $ 13.20 to $ 1,493.60, after trading in the range of $ 1,482 to $ 1,516.50.

For this week, gold ended flat after slumping almost 5% last week in a blow to commodities.

Previously the beginning of the session, gold rose after data showed gasoline and food prices lifted U.S. inflation to 2-1/2 year highs in April, but there is little sign of the larger implications of rising consumer prices will complicate the Federal Reserve.

Gold depressed as U.S. dollar toward the highest six weeks against the euro because of concerns about the global economy pushed the dollar back into the market.

Precious metals have been pressured by worries about dollar strength, ahead of a meeting of Eurogroup finance ministers, followed by the Ecofin meeting of EU finance ministers on Monday, which could provide further direction to the euro. The single currency will likely remain under pressure until at least after investors digested the final result.

Silver continues to recover from last week's 25% correction. Silver rose 1.2% at $ 34.62 per ounce. But still losing about 1.5% for the week after recording the worst weekly performance since 1980 last week.

Silver has lost as much as 30% from record highs of $ 49.51 per ounce which was established on 28 April.

Potential bullish for the Aussie post-trade balance.

Aussie lifted by U.S. jobs data better than forecast. Apparently, the data were revived interest in risky assets. Aussie is now back to try the area after a falling $ 1.08 to $ 1.05. Another factor that lifted the Australian dollar is rising again RBA rate hike expectations. Last Friday, in his report, saying the RBA may need to raise interest rates again any time as the growth of mining investments that make unemployment fell and inflation rose.

Aussie currency movements as a whole yesterday's bullish about 110 pips since the Asian trading session begins. Rebounded on daily lowest level at 1.0737 after entering the European session to go to the highest level at 1.0850.

As seen pergerakah Aussie'm bullish inclined sideways. Be careful when falling through the trend line going to happen diagonal sharp correction.

There is no focus on economic data today for the Aussie currency. If price increases are continuing and did not penetrate the diagonal trend line then opened up opportunities to 1.0878 and 1.0947 resistance level. We recommend that if a decline continues and the trend line diagonal pass then the price can reach the level of support 1.0657.Harga visible line on the graph H1 and M10 MA05 bullish conditions.

While the Stochastic indicator indicates a strong bearish likely fall over the line when his diagonal trend