mynameisandhy Posted August 25, 2011 Author Report Share Posted August 25, 2011 News and European Economic Review (French) Ahead of the presidential election, Sarkozy Release Trimming Programme Thursday, August 25, 2011 Specter still haunts the deficit of the European economies. One of the industry giants, french, even had to carry out the pruning step in order to protect the balance of state finances. Today France inaugurated the program cuts to reduce budget deficits. Strata most affected by the government's strategy is to large corporations and groups with high incomes. In the implementation later, residents were forced to upper middle swallow the bitter pill of government policies Nicolas Sarkozy. However, efficiency programs in France nuanced politics. Moreover, the decision was taken eight months before the presidential election, which returned followed by Sarkozy. Predana Minister Francois Fillon said the program cuts could lift the popularity of Sarkozy as the most credible figure to lead France. "The credibility of candidates is a major issue in the upcoming presidential election," said Fillon. As several articles trimming France among others; certain class income tax increase from 12.3% to 13.5% in order to increase state revenue of 1.3 billion euros. In addition there is also the application of taxes for the real estate sector that can inject 2.2 billion euros revenue in 2012. Adjustments are also made with the tobacco price increase in the ratio of 6% per year (until 2012). As for residents with incomes above 500 thousand euros per year are forced to spend more in order to meet the 3% tax burden. There are still some articles that should receive parliamentary approval in advance. Through these efficiencies, France is expected to erode the deficit to below 3% of GDP next year. Currently, the French deficit is still around 5.7% or better record than last year, 7.1%. The government cut its economic growth projection for 2011 from 2% to 1.75%. The 2012 growth is estimated to equal the numbers on this year than previously projected (2.25%). Fillon stated that the economic slowdown in the United States (U.S.) and Europe forcing it lowered expectations for GDP. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 25, 2011 Author Report Share Posted August 25, 2011 News and European Economic Review (Switzerland) Swiss Fall Into Economic Sentiment -71.4 Thursday, 25 August 2011 Economic sentiment in Switzerland fell for the fourth consecutive month in August, due to the strong Swiss franc and worries over the euro zone burdensome debt crisis, data showed on Thursday. In its report, the Center for European Economic Research (ZEW) said the economic sentiment indicator fell 12.5 points to minus 71.4 in August from minus 58.9 reading in July. Readings above 0.0 indicate optimism on the indicator, while scores below 0.0 indicate pessimism. Indicators for assessment of the current economic situation also noted a sharp decline, down 18.6 points to minus 34.3. Expectations regarding inflation and interest rates also declined in August. Only 14.3% of the financial market experts surveyed expected inflation on the horizon six months ahead. None of the experts expect a rise in interest rates within the same timeframe. After the release of the data, the Swiss franc rose against the U.S. dollar, with USD / CHF shedding 0.34% trading at 0.7931. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 25, 2011 Author Report Share Posted August 25, 2011 News and European Economic Review (UK) UK Retail Sales Down to -14 Thursday, 25 August 2011 UK retail sales fell more than forecast in August, declined at the fastest pace since May 2010, industry data showed on Thursday. In its report, the Confederation of British Industry said the index results from the UK retailer fell 9 points to -14 in August from the previous data -5 in July. Analysts had expected the index fell to -10 in August. After the release of the data, higher fractional pound against the U.S. dollar, the GBP / USD rose slightly 0.04% trading at 1.6383. Meanwhile, European stock markets climbed higher. FTSE 100 up 0.1%, the Euro Stoxx 50 rose 0.7%, France's CAC 40 up 0.65%, while Germany's DAX rose 0.5%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2011 Author Report Share Posted August 26, 2011 News and European Economic Review (Switzerland) Post-franc depreciates KOF Data Friday, August 26, 2011 Swiss franc traded lower on Friday after a report showed the economy KOF leading indicator for the Swiss lower than expected, amid rumors that there is further action by the SNB in order to curb currency appreciation. usd / USD rebounded from a low position in the area daily 0.7890, up about 60 pips higher to reach the 0.7950 zone and restore the entire intra-day decline. Currently USD / CHF is still offered daily around the peak level at 0.7955 or 0.25% above the opening price level before Bernanke's speech. The euro moved higher against the franc, and had shot up to touch the daily highs at 1.1472 before heading back down a bit. Today EUR / CHF 1.1450 and was perched on the range so far has garnered an increase of 0.35%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2011 Author Report Share Posted August 26, 2011 News and European Economic Review (Greece) Greece Threatens Ignore the Bond Swap Plan Friday, August 26, 2011 Greece warned would ignore the swap plan, which became a prerequisite of a second bailout, if the participation of investors is too little; is certainly caused anxiety how Athens can pay off its debt load that reached? 150 billion. subtract the strengthening euro after the news was released, EUR / USD traded 1.4412, slipping from a high level of 1.4455 Swap plan is expected to reduce the debt burden of Athens? 37 billion if the participation of the private sector reached 90%. However, Athens was given room to maneuver as he uttered the cancellation of the swap plan will occur if the number of participation does not satisfy the EU and the IMF. Earlier signs have emerged that will Athana difficulty persuading banks to participate in exchange programs of government bonds that will mature in the near future. Institute of International Finance said the amount of participation has now reached 60% - 70% and the amount will increase if Athens will lay out more details bonds exchange scheme. Nevertheless, most analysts menilah 90% target is too ambitious. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2011 Author Report Share Posted August 26, 2011 News and European Economic Review (Germany) German parliament will Loloskan EFSF Friday, August 26, 2011 Christian Democrats party leader, Peter Altmaier, express his belief that the parliamentary coalition will be able to achieve a majority vote to loloskan European Financial Stability Facility (EFSF). Christian Democrats are the party that controlled by the German Chancellor, Angela Merkel. Told ZDF television, Altmaier said there will be a majority vote supported by the ruling party, and coalition-that is conservative and the Free Democrats, when the parliament did vote on ESFS on 23 September. Altmaier also argued the issue the government must rely on opposition parties to loloskan ESFS. The euro does not feel much benefit from this positive news while traders wait for Fed's Bernanke's speech at 2100 GMT. EUR / USD traded 1.4402, slipping from a high level of 1.4455 in early New York session. Meanwhile, the German stock exchange (DAX) fell 2.5% as investors worried about the possibility of a credit ratings downgrade Germany although Fitch, Moody's and S & P rated AAA has stressed Europe's largest economy is. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Europe Economy News and Review Trichet warns Intensity Growth Risks Thursday, September 8, 2011 ECB President Jean Claude Trichet still maintain a track record in maintaining price stability the ECB on Thursday, but at the same time there is a difference compared to previous month's statement that he said the risk (decrease) in economic growth is increasing. Regarding inflation Trichet also see inflation already balanced, this is different from previous statements in which Trichet said there is a risk of rising inflation. Trichet's statement is the conclusion the level of global economic uncertainty, where inflation is expected to decline below 2% until 2012, and the rate of the euro zone economic growth was revised down to 1.4% - 1.8% in 2011. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Europe Economy News and Review The euro slipped to 2-Month Low Point Below 1.4000 Thursday, September 8, 2011 The euro fell to its lowest level against the dollar after ECB President Trichet's comments underscore the risk of economic decline compounded ECB staff forecast for eurozone growth rate was revised down significantly. The ECB now sees growth for 2011 only at the level of 1.4% and 1.8%, down from previous forecast in 1.5% to 2.3%, while growth expectations for 2012 was revised down to 0.4% - 2.2% is also down from 0.6% to 2.8%. EURUSD currency pair finally hit to 1.3973 so far, the lowest since July 12, fell from the level of 1.4060 before Trichet's press conference begins. Technically speaking, intraday bias remains bearish targeting 1.3800 area in the short term, but still required penetration consistently below 1.3950 area to trigger further bearish momentum. On the upside, the nearest resistance level is located in the area 1.4030 - 1.4150 - 1.4200. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Europe Economy News and Review Disaster! Turn on Bredel Yen Euro Friday, September 9, 2011 The single currency until the euro fell to its weakest level against the yen in almost six months on Friday in the range of 107.25. Attenuation mainly related to many investors do sell 'single currency' after European Central Bank yesterday issued its tightening policy bias The euro plummeted to as low as 107.15 yen on the platform area by Reuters, which is the weakest level since mid-March. While the single currency had a chance to stagger a little over 8 week lows against the dollar at $ 1.3885, but eventually fell well up to now move in the 1.3815 area. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 News and European Economic Review (Greece) Rollover Greek participation Maybe Only 70% Friday, September 9, 2011 Global investors today will determine whether they will participate in the Greek bond rollover program. Athens wants investors to exchange bonds due soon for new bonds maturing in 2020. Athens has given time for financial institutions to 9 September to express the desire that predicted participation may only reach 70%. "9 September was the last day; the amount of participation may be increased to remember today is the dateline," Reuters said the resource persons who are reluctant to name the publication. Athens has threatened to cancel the program if the participation rate of rollover of less than 90%. However, Athens does not have a position strong bargaining power because Europe also threatens the next block grants if the bailout does not improve fiscal performance. Program rollover is part of the second bailout package worth? 109 billion approved by Europe at a meeting last July 21. Meanwhile, the euro remains weak in the London session, was trading near 1.3816 1.3788 daily low levels. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Europe Economy News and Review Tenacity Germany, France increasingly undermine Euro Friday, September 9, 2011 The euro continued weakening in early New York session after Germany and France re-affirm the desire for financial market transactions to tax immediately. "Taxes include bonds, stocks, forex, and derivatives," according to Dow Jones New Wires report quoted Finance Minister of Germany and France. Sentiment worsened after Reuters reported the ECB's Stark resigned as a board member of the European Central Bank's monetary. According to Reuters resource, Juergen Stark resigned due to disagreements over the ECB bond purchase program. It certainly made it clear conflicts in the ECB will be programs to help members of the euro-zone problems. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 13, 2011 Author Report Share Posted September 13, 2011 News and European Economic Review (UK) UK CPI data Up 4.5% In accordance with estimates Tuesday, 13 September 2011 UK consumer price inflation rose in line with expectations in August, official data showed on Tuesday. In a report, the UK Office for National Statistics said consumer price inflation rate rose to 4.5% in August from 4.4% in July, according to estimates by economists. Month to month, consumer price inflation rose 0.6%, in line with expectations. Retail price index rose 5.2% in August, up from 5.0% a month earlier and higher than expected for a gain of 5.0%. After the release of the data, the pound pared losses against the U.S. dollar, the GBP / USD fell 0.41% trading at 1.5798. Meanwhile, European stock markets are broadly lower. FTSE 100 fell 0.75%, Euro Stoxx 50 fell 1.3%, France's CAC 40 down 1.8%, while Germany's DAX fell 0.95%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 13, 2011 Author Report Share Posted September 13, 2011 News and European Economic Review (Greece) Default Risk Greece Achieve 98% Tuesday, 13 September 2011 Greece has a 98% chance not to pay off the debt within the next five years as Prime Minister George Papandreou failed to convince investors that the country can survive the crisis of the euro area. German Chancellor Angela Merkel says she will not let the Greeks go to the "insolvency of control" because the politicians are trying to limit the spread to other euro members. Papandreou pledged to comply with the conditions of the target deficit of the European Union and the International Monetary Fund bailout was undermined by data showing the country's budget gap widens 22% in the first eight months of this year. The probability of default for Greece are based on standard pricing model that assumes investors will recover 40 percent of the nominal value of bonds if the nation failed to meet its obligations. CMA lowered to 38% recovery assumption of yesterday, which will give Greece the possibility of 95% dafault. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 13, 2011 Author Report Share Posted September 13, 2011 News and European Economic Review (Greece) Greece stopped Two Hundred Thousand Civil Servants Tuesday, September 13, 2011 Efficiency measures 'cruel' continue to force the Greek government. State that this massive debt was rumored to soon lay off 200 thousand public employees to save on expenses. The central government has ordered all state companies to reduce the number of workers up to 10% in two weeks! Among these companies is Athens News Agency (ANA) and the broadcaster ERT. The Company is known as tax pengemplang like OSE National Railway and the Athens Metro is also affected by the instruction center. The main purpose of the layoffs was to cut as many as 200 thousand employees of the public sector until 2015. The government even ready to freeze the business units that no longer has an important function. Furthermore, state employees who survived the layoff wage adjustments should also be experienced again. Currently, they have been exposed to a pay cut of 20% since last year. Foreign auditors of EU and IMF asks Greece to accelerate privatization and a focus on structural reform. The government will continue talks with international creditors on 19 September. Negotiations this time aiming to convince the authorities that Greece could pay off the mortgage bailout last year and deserves a new stimulus 109 billion Euros. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 14, 2011 Author Report Share Posted September 14, 2011 Europe Economy News and Review Not bad .. European stocks opened Positive Wednesday, September 14, 2011 Statement of European Commission President Jose Manuel Barosso which states the agency will introduce the joint bonds has driven up European markets trade on Wednesday (14 / 9) because investors believe will be able to overcome the debt crisis of Europe. The FTSE rose 0.6% to 5.2006, the DAX rose 0.4% to 5190 and CAC rose 0.8% to 2920. Banking stocks that were previously suppressed began to move horizontally, as quoted from yahoofinance.com. Investors will see the results of a meeting of Germany, France and Greece on Wednesday afternoon to discuss the crisis in Greece. Markets expect any clues to resolve the crisis. In China there Dalian World Economic Forum meeting with Chinese Premier Wen Jiabao decisiveness to fight inflation by maintaining economic growth. China's economic fundamentals remain strong despite the sluggish global economy moving. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 14, 2011 Author Report Share Posted September 14, 2011 News and European Economic Review (UK) Number Filing Unemployment Benefits In UK Down, Sterling Stronger Wednesday, September 14, 2011 Pound sterling currency to trade GBP / USD pair this afternoon (14-09) rallied and tracked the pair traded at around 1.5745. Pound Sterling strengthened along with the presence of positive signal on the British economy, where it is shown by an increase in performance on the labor sector. Claimant Count Change indicator decreased to 20.3K reported previously expected to drop to 34.8K from 37.1K previous value. This positive response by investors in forex trading. Analyst Research Vibiz of Vibiz Consulting suggests that the pound sterling currency on the currency pair GBP / USD is estimated to be higher in intraday, and is expected to face resistance at around 1.5802. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 14, 2011 Author Report Share Posted September 14, 2011 News and European Economic Review (UK) UK Unemployment Claims Rise 20.300 in August WEDNESDAY, 14 SEPTEMBER 2011 The number of British workers claiming unemployment benefits rose by seasonally adjusted August to 20.300 in 1:58 million, the Office for National Statistics (ONS) reported on Wednesday (14 / 9). Economists forecast a rise in 35.000, according to Dow Jones Newswires survey. The number of unemployed, measured by the standard International Labour Organisation (ILO), an increase of 80.000 in the period May-July until the 2:51 million for the unemployment rate at 7.9%. Average annual earnings, excluding bonuses, rose by 2.1% in the three months ended in July, down from 2.3% in April-June period, the ONS said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 15, 2011 Author Report Share Posted September 15, 2011 Europe Economy News and Review Merkel is still against the Euro Bonds Thursday, September 15, 2011 German Chancellor, Angela Merkel, re-emphasize non-setujuannya of Euro bonds as a solution to overcome the debt crisis. Yesterday, the European Commissioner, Jose Manuel Barosso, said the euro bond will make a proposal immediately. "Euro bonds are wrong," said Merkel. "For the sake of mutual interest, required level of competitiveness and the balanced government budget accordingly. This can not be achieved by creating common bonds," said Merkel. German Chancellor, who was facing domestic criticism over the bailout-euro zone, uttered no quick and easy way to get out of debt crisis, only a gradual process that can control the fiscal order in each country. Some investors see the euro bonds as the best solution to assure the market that the EU can restore the members are problematic. But Germany, Europe's richest countries, argues this will only raise the cost of the well-intentioned state loans and remove incentives for troubled countries such as Greece or Italy to fix the problem of public finances. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 15, 2011 Author Report Share Posted September 15, 2011 News and reviews Economy Europe (Switzerland) Will UBS Losses Due to Natural Transaction Errors Traders Worth $ 2 Billion Thursday, September 15, 2011 UBS AG shares tumbled about 10% was observed on Thursday after warnings will incur a loss in the third quarter hit by rogue trading. Rogue trading is a transaction carried out by employees of the bank without getting approval from management. Swiss-based bank said losses due to such unapproved transactions hit $ 2 billion. About who was responsible, is still under investigation, but most analysts say these losses can still be managed by the bank but did not rule the possibility of declining investor confidence in the ability of the bank can manage the risk. Rogue trading the latter case also suffered by Societe Generale in January 2008, when it loses 4.9 billion euros due to errors similar transactions undertaken by its employees. Parties as far as investment banking is still trying to prevent transactions that do not get approval through the risk control systems and daily review of trading. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 15, 2011 Author Report Share Posted September 15, 2011 Europe Economy News and Review Euro Rally Still Fragile Thursday, September 15, 2011 The euro gained after Germany and France affirm the commitment to keep the Greeks remain in the euro zone. However, euro rally remains fragile due to fears of Athens may end up having to ask the default. Investors worried Greece default could trigger a global financial crisis so suramkan outlook for the euro. Affirmation of Germany and France succeeded in fueling hopes Greece will receive delivery the next bailout from the European / International Monetary Fund so as to avoid default. "Comments German Chancellor Angela Merkel and French President Nicholas Sarkozy has managed to restore sentiment in the short term. However, the euro has not experienced significant improvement especially with the euro-zone members with problems and slow economic growth in Europe," said Manuel Oliveri, a strategic UBS. "The euro was also weighed down by the ECB's dovish stance." The euro is quite distressed after last week signaled the ECB will stop the cycle of rate hikes. Traders see the euro going back seven months of low-level test $ 1.3494. July 12 lowest price, $ 1.3836, will become resistant nearby. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 16, 2011 Author Report Share Posted September 16, 2011 Europe Economy News and Review Brown: "Under the European Bank Capitalization Too" Friday, 16 September 2011 European banks as a whole "too much under the cap" in areas where government is limited by problems of debt and economic growth is faltering, former British Prime Minister, Gordon Brown, said. The current crisis is "a more serious problem" for Europe from the global credit crisis of 2008 as three years ago the government was able to limit the problem with fiscal policy, Mr Brown said at the World Economic Forum in the Chinese port city of Dalian today. "In 2011, banks have problems, so also the government," he said. Investor fears over debt crisis of European countries have raised the cost of borrowing funds and cause chaos in banking stocks in the region this month. European Central Bank President Jean-Claude Trichet, euro yesterday urged local governments to take decisive action to restore confidence. "European Financial Stabilization Mechanism, which is run by 27 countries of the European Union executive body is not enough" says Brown. "Substantially more resources are needed, including from the International Monetary Fund and lenders, including China," Brown added. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 16, 2011 Author Report Share Posted September 16, 2011 News and European Economic Review (Poland) Waiting for the Good News from Poland Friday, September 16, 2011 On this day (Friday, 16.09), 17 members of the Eurozone finance ministers met in Wroclaw, Poland. Meeting time is so important because it will be attended by finance ministers the United States (U.S.), Timothy Geithner. The main discussion is the development of the current economic situation in Europe, particularly in the region using the euro. "In the midst of the crisis varied between regions, the best solution is to create innovative programs," said Belgian Finance Minister Didier Reynders. Eurozone crisis helped draw attention to important colleagues blue continent, namely the United States. Barack Obama's administration began to worry if the debt issue could trigger a new recession. Treasury Secretary Timothy Geithner sent to monitor the course of inter-ministerial meeting of the eurozone. "We must cooperate with other countries because all members of (euro) assume the same responsibilities," explained the German minister, Wolfgang Schaeuble. European leaders had hoped the new bailout deal can be achieved in July, but the discourse was bumped parliamentary approval. One of the agendas that can be addressed by the publishing market is the brainchild of euro bonds or bonds with the euro zone. The discussion is estimated that only touches the skin of the idea. In the event of in-depth conversation, the debate sure to be tough. Because the Germans have to adjust your mind if the interest on the bonds to a higher level because of the economic downturn in other countries. The country that was the object of scorn, greek, must prove its commitment to get new funding. Finance Minister Evangelos Venizelos insisted that Greece has implemented a bailout clause as well. "(Meeting) is an opportunity for us to prove that the pruning runs on track," he said shortly after landing in Wroclaw. Market players are now just waiting for this day whether the forum produced a concrete solution for Europe. Similarly, the presence of Finance Minister Geithner, who is expected to not only be a complement to suffer in Poland. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 16, 2011 Author Report Share Posted September 16, 2011 News and European Economic Review (UK) Stimulus eclipsed Sterling Prospects Friday, September 16, 2011 Sterling stabilized at the London session, bolstered by the continuing rise in stock markets overshadowed by the prospect of England despite the addition of the BoE monetary stimulus. However, there is now the focus of the meeting euro-zone finance ministers in Poland, which was also attended by U.S. Treasury Secretary Tim Geithner, to seek solutions to the debt crisis of Europe. UK Business Minister, Vince Cable, called for the addition of Quantitative Easing (QE) for the sake of preventing weak demand could threaten the fragile economic recovery. BoE monetary board members, Charlie Bean and Martin Weale, also intimated the same thing that certainly can grogoti sterling performance. "Comment Bean, Cable, and Weale overshadowed sterling movements. However, my prediction will be captured in sterling 1.5700/1.5680 range of support," said Adrian Schmidt, a strategic Lloyds Banking Group. Traders predicted if GBP / USD dropped below the lowest price this week, 1.5706, then it could push sterling to 1.5485. BoE Minutes of the meeting which will be released next Wednesday will certainly show the desire of central bankers to increase monetary stimulus. "The prospect of QE will hit sterling," wrote Morgan Stanley analyst reports. "There will be a shift in attitude that may tend to be dovish BoE." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 19, 2011 Author Report Share Posted September 19, 2011 Europe Economy News and Review Euro Debt Crisis Will Trigger European stocks sales drop Monday, September 19, 2011 Three major European stock indexes are expected to open lower on Monday as (19 / 9) for the euro debt crisis continues to drag on market sentiment. Citing CNBC, FTSE expected to fall 47 points, the DAX down 53 points and the CAC-40 fell 48 points. The lack of decisive action from EU finance ministers who met last Friday in Poland and the prevention of transmission in the euro zone was a concern on the market today. The EU and the IMF will hold a conference with Athens to discuss how the country is planning to ensure the budget deficit bailouts are on track with reforms in order to receive aid the next stage next month. Greek Prime Minister to cancel a planned trip to the U.S. this week to overcome the deep crisis in his country. Another negative sentiment is Moody's is pessimistic on the Italian austerity package. This agency predicts will give 'negative credit' for the Italian regional and local governments because it will increase pressure on local budgets are already stretched. In the United States President Barack Obama is set to unveil its plans to reduce its public deficit by providing a savings of $ 3 trillion in the next 10 years as part of the deal which was passed in early August to raise the federal debt limit. This includes implementing the minimum tax rate for anyone earning more than $ 1 million per year, dubbed the 'Buffett's Rule'. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 19, 2011 Author Report Share Posted September 19, 2011 News and European Economic Review (UK) Housing Sector Report Trigger Rebound Sterling Monday, September 19, 2011 In trading GBP / USD European session today (19-09) was observed moving Pound Sterling strengthened against the U.S. dollar and in the range of 1.5735. Pound Sterling forex investors increasingly in demand in line with the indication that showed an increase in economic performance in the UK. Latest information about the indicator Rightmove HPI m / m which was just released by Rightmove showed an increase in performance on perumahana sector in the country. Indicators Rightmove HPI m / m was reported increased to 0.7% the previous value of -2.1%. It was responded positively by investors in forex trading. Analyst Research Vibiz of Vibiz Consulting argued that Sterling on the currency pair GBP / USD is expected to still be strengthened in the intraday trading range is limited. Quote Link to comment Share on other sites More sharing options...
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