mynameisandhy Posted January 20, 2012 Author Report Share Posted January 20, 2012 News and Review of European Economic Zone Experience the 'overbought', European Exchanges Weakens Friday, January 20, 2012 European stocks trade lower on Friday (20 / 1), led by mining stocks in China's manufacturing sentiment decreased in January. FTSE down 0.06% to 5737, the CAC fell 0.07% to 3326 and the DAX index fell 0.2% to 6402. European stocks have been in overbought area because it was at its highest level since last 5.5 months of trading on Thursday. So quoting yahoofinance.com. Shares of the mining sector fell to 0.9% with the deepest economic outlook is less bright. Rio Tinto shares fell 0.8% and BHP Billiton shares fell 0.8%. While the BNP Paribas shares rose 2%, L'Oreal shares up 1.7%. "We're really at the top level and will face the technical pressure. I wish there was a trend to sell," said Joe Rundle, of ETX Capital. Asian stocks remain positive as the Hang Seng index rose 0.8%, the Nikkei rose 1.4%, the Shanghai index rose 1%, Kospi index climbed 1.8%, STI index rose 1.4%, ASX shares up 0.5 %. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 20, 2012 Author Report Share Posted January 20, 2012 News and Review of European Economic Zone (Germany) Negative Signals Indicate the German economy, the Euro Approach Lowest Position Monday, January 20, 2012 The euro currency trading pair EUR / USD noon today (20-01) observed weakening and the pair traded near the lowest range since December. Despite reports of improved performance compared with last year amounted to + 4.0% but the performance in December was reported down about - 0.4% from November, and performance in November rose 0.1% + thin from October. The development is also accompanied by the weakening performance of leading stocks today where Germany's DAX Index fell -0.34% and monitored in the range of 6397.28. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 20, 2012 Author Report Share Posted January 20, 2012 News and Review of European Economic Zone (UK) UK Retail Sales Rise 0.6% Friday, January 20, 2012 The rise of discount is offered to the British consumer retail sales managed to jack at the end of 2011. Retail sales rose 0.6% according to predictions, but better than the 0.4% decline recorded in November. Sterling fell 10 pips after the data was released. Publication of the corresponding data estimates seem to successfully encourage investors to do profit-taking after recent strong rally. GBP / USD is now trading 1.5460, 1.5500 daily stay away from high-level Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 23, 2012 Author Report Share Posted January 23, 2012 News and Review of European Economic Zone (UK) Economic Anxiety ragged Sterling Performance Monday, January 23, 2012 Sterling weakened thin please register at the London session. Although, sterling remained near two-week high level against the dollar; but investors seemed reluctant to push the further strengthening of the outbreak as expectations for an injection of stimulus prop BoE for UK economic recovery. Data on the coming Wednesday will show the UK economy contracted for the last quarter of 2011. Statement of Governor Mervyn Kind and BoE minutes, which will be released this week, also will reiterate expectations of further monetary stimulus injections. "The possibility of further monetary easing BoE, which can occur at the February meeting, making investors wary though sterling has rallied from $ 1.53 approaching $ 1.56," said Mansoor Mohiuddin, strategic UBS. Some even recommend to strategically sell on rally. "We take advantage of the rally GBP / USD today to place a sell position at $ 1.5570," wrote Morgan Stanley research report. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 23, 2012 Author Report Share Posted January 23, 2012 News and Review of European Economic Zone Look forward to meeting European Euro Monday, January 23, 2012 The euro gained on the London session, bolstered expectations the European meeting could produce a plan to end the debt crisis. European finance ministers will meet to discuss the Greek debt swap agreement, fiscal discipline, and the fort to prevent further transmission of the crisis. "Investors seem optimistic about the meeting of European finance ministers. There is hope Europe will approve Greek debt swap agreement," said Jeremy Stretch, a strategic Canadian Imperial Bank of Commerce. "Private lender has proposed a maximum bid for Greek debt swap plan; now up to Europe and the IMF does accept the deal," says Charles Dallara, the private creditor representative in negotiations with Athens. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 23, 2012 Author Report Share Posted January 23, 2012 News and Review of European Economic Zone Want to Loosen German & French Banking Regulation Monday, January 23, 2012 Germany and France will propose loosening the capital rules for banks reduced lending, thus preventing harm economic activity, the Financial Times newspaper. German Finance Minister Wolfgang Sch? Uble and French colleagues Francois Baroin would urge special treatment for banks who have insurance unit. Berlin and Paris also wants easing of capital requirements in Basel III to reduce the negative impact on economic growth. Proposals also include a delay of three years for the publication of the banking leverage ratio, according to a draft obtained by the Financial Times. Meanwhile, the euro strengthened at the London session. EUR / USD is now trading 1.2995, 1.2875 daily lows stay away Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 24, 2012 Author Report Share Posted January 24, 2012 News and Review of European Economic Zone Euro Wait The ECOFIN Tuesday, January 24, 2012 EUR / USD traded at 1.3000 level range. Currently the euro was at 1.3020, moving above a low level at 1.2988. The euro had weakened and traded under the current price on the open market at 1.3006 after briefly touching of a high level at 1.3028. The euro rose from a low level yesterday (01/23) at 1.2855, rebounding nearly 150 points, or 1.12%. According to Fan Yang, CMT and chief technical analyst FXTimes, the euro is likely to continue to strengthen the resistance level at 1.3080, 1.3150 and 1:32, "he said. Key support level at 1.2880. Key events that have a major impact is the ECOFIN meeting which ended today. With the Asian market is still largely off the new year, including China and Singapore, trading volume today look minimal and make the Nikkei index moved only 0.18% after opening up +0.60%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 24, 2012 Author Report Share Posted January 24, 2012 News and Review of European Economic Zone Euro Down Below 1.3000 Tuesday, January 24, 2012 The euro fell down to just below the 1.3000 level after the high level of 1.3027 in early Asian session today, at this time support a dynamic range above the EMA-200. Down movement of the currency when the Euro was reported in the trade that goes quiet. Dow Jones reported that a senior dealer from a leading bank explains: Moving up the Euro weighed down by concerns over European debt crisis that underlies the movement is emphasized by an article in the Wall Street Journal said that the investors, economists and politicians are growing worries that Portugal may be require a second grant. The euro last traded at 1.2993, with resistance level at 1.3000 (psychologically), and with support at 1.2972 level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 24, 2012 Author Report Share Posted January 24, 2012 News and Review of European Economic Zone (UK) GBPUSD: Tend Bearish, Shutter Range Support at 1.5524 Tuesday, January 24, 2012 GBPUSD on a 1-hour chart looks to continue successful correction after previous gains and achieve our targets in the previous analysis. Currently GBPUSD bias remains bearish targeting areas tend to support the range of 1.5524 where the rupture area of support is to open opportunities for further correction towards 1.5484 up to 1.5448 area. Conversely, beware of rebound opportunities to the area of 1.5564 to 1.5600 if support the range of 1.5524. it is also in line with the conditions of movement of technical indicators in the form of CCI and Stochastic are currently approaching oversold area. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 25, 2012 Author Report Share Posted January 25, 2012 News and Review of European Economic Zone (Greece) Possibility of selective default downgraded Greece Wednesday, January 25, 2012 The rating agencies, Standard & Poor's downgraded Greece again threatened. Ranked potentially reduced because the state has also encountered a way out of financial problems the country. S & P officials said John Chambers, Greece will be hammered with a rating of selective default (SD). However, the downgrade will not cripple the EU's credibility as the ultimate authority in the region. "Default is also not necessarily give a domino effect in the euro zone," said Chambers. Affairs of the Gods is currently continuing negotiations with private creditors to agree on bond swap plan. The plan was considered crucial because a key requirement bailout funds disbursement II worth? 130 billion. John Piecuch, director of communications for the S & P explained, it still ranks above the worst position is the default (D). The default here is given if the Greeks really fail to pay all the debt that is due. While selective default means obligors only to fail on some debt and still complete the other debt according to the time set. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 25, 2012 Author Report Share Posted January 25, 2012 News and Review of European Economic Zone (UK) Sterling constrained Economic Prospects Wednesday, January 25, 2012 Until the afternoon session on Wednesday (25/01) Pound Sterling currencies tracked because it is difficult to continue the rally is still widespread concern that the continuing economic slowdown will lead the British central bank to loosen monetary policy. Today UK GDP data was originally the 4th quarter will be released and is expected to shrink again in the figure of 0.1%, so this will increase the risk of falling into the abyss of the British recession. Even if the results appear worse than market expectations, is likely to force Sterling to return to the range of $ 1.5500, up to this news broadcast in the CNY's level of $ 1.5610. In addition the market focus today also directed to the United States because the U.S. central bank (the Fed) evening or early morning will decide its benchmark interest rate outlook for the U.S. economy. Technically Sterling rallied back will be limited because some indicators began a confirmed bearish. Indicators Stochastic, MACD and Moving Average daily tenured, three showed a downtrend pattern. So the correction was feared could happen at any time. When this happens, then the level of support as a prisoner of them are down to EUR 1.5570, 1.5530 and 1.5460. While Sterling rally could still test the 1.5640 resistance at least toward, 1.5670 to 1.5720. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 25, 2012 Author Report Share Posted January 25, 2012 News and Review of European Economic Zone Euro rally faded by Pessimistic Attitude Wednesday, January 25, 2012 In general, today (Wednesday, 1.25) the world market, especially the major currencies move less passionate aka flat and has not been able to resume a significant rally. Although it is still entrenched in the positive area, space for the single currency Euro and Sterling looks limited so that has not been recorded further reinforcement, was EUR stuck in the range of $ 1.3020-30. This is influenced by the Greek debt crisis talks deadlocked again so that ultimately the Greek state has the potential default again. And it can make a bad reaction in financial markets. Even the Euro itself ignores the positive impact of the release of the service sector PMI data and Eurozone manufacturing better than expected. Then another negative sentiment also came from the International Monetary Fund (IMF), the agency lowered its projection on the global economy into a recession because Europe is said following the economic slowdown in China and India. The focus is fixed on the market today because the United States Federal Reserve (the Fed) evening or early morning will decide its benchmark interest rate outlook for U.S. economic growth. As a result, these factors make the market today is quite careful to 'enter the market' and are more likely to 'wait and see'. Other data that will be enough attention is the market index Ifo Business Climate Germany in January which predicted an increase compared to the previous period. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 26, 2012 Author Report Share Posted January 26, 2012 News and Review of European Economic Zone Euro Optimistic After Fed Rate Stagnant Thursday, January 26, 2012 Until the afternoon session on Thursday (01/26), the single currency Euro is still entrenched in the high range was recorded in five weeks against the U.S. dollar after the U.S. Federal Reserve said early this morning will not raise rates at least until the end of 2014, and projections are proved to be more longer than expected the majority of the investors. The strengthening euro was also followed by a rally in a number of other currencies such as Sterling, Swiss and Aussie, but Sterling rallied again hampered by economic growth figures, Britain's GDP fell by -0.2% in the last quarter of 2011, or lower than expectations of -0.1 %. Also from the U.S., the Fed also did little to change the economic outlook, it describes the U.S. unemployment rate is still high and is also projected that inflation will remain at levels consistent with stable prices. With ranges in the area $ 1.3100/15, EUR potentially uphill but limited to 1.3140 to 1.3170 as resistance level. While support will be captured in the area of 1.3050 and 1.3000. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 26, 2012 Author Report Share Posted January 26, 2012 News and Review of European Economic Zone (Greece) Investors Pull, Greece Sell 'Horse Racing Land' Thursday, January 26, 2012 Greece will sell horse racing betting operations and real estate assets of the Hellenic Horse Racing Company separately, with the purpose of attracting many investors. This right is conveyed Costas Mitropoulos, chief executive officer of the Hellenic Republic Asset Development Fund. "We will separate the horse racing betting and operation of real estate," Mitropoulos said today in an interview in his office Athens, as quoted by Bloomberg. The company, known as Odie has exclusive rights in Greece for racing betting (betting) on the circuit. The company is moving to Markopoulo, Southeastern Athens, in 2003 for a new facility designed to serve the Athens 2004 Olympic Games. "Odie has a piece of land used for the equestrian and a racetrack," said Mitroupoulos. "We'll sell the company and will lease the horse and when we decide what to do with the land, we submit it to market." Credit Agricole SA (ACA) and the unit of Emporiki Bank SA (TEMP) Greece is a financial advisor for the privatization of Odie and Dryllerakis & Associates is a legal advisor. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 26, 2012 Author Report Share Posted January 26, 2012 News and Review of European Economic Zone Euro Gains Amid the tug Greek Debt Settlement Thursday, January 26, 2012 Tug Greek debt negotiation is still running tough and stalling for time, while over time, the economic cost of the tug is increasingly adding to the burden on the economies of the European Union. On the one hand the development of a meeting of EU finance ministers led to the proposal that the debt collector is willing to bear greater losses, after three months ago agreed to remove the Greek debt by 50% of nominal value or more than about 200 billion EUR. Outstanding issues that there is a possibility that debtors will approve private losses to 69% of the nominal value. Despite the strife of the Greek debt settlement intensified, but the German economic performance is still a positive impact on the movement of the Euro. After trading yesterday on the German Ifo Business Climate is reported to improve, the market again expect a stable performance on the German economy. GfK German Consumer Climate is expected to still be stable in the range of 5.6. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 27, 2012 Author Report Share Posted January 27, 2012 News and Review of European Economic Zone Slipping End euro gains, Greece Still Negotiating Friday, January 27, 2012 The euro fell to end the four daily rise against the dollar on fears that Greece is still trying to reach an agreement with creditors to obtain a bond swap. Yen rises compared to other currencies in Asia. The increase in the dollar is limited by the release of data expected to show good economic growth after the Fed to keep interest rates remain low until the end of 2014. An expert said the uncertainty in Europe will continue to make the price of the euro is not balanced, especially Greece that never reached the deal. The euro fell 0.1 percent in the range of 1.3093 per U.S. dollar after rising 1.4 percent during the last four days. the euro fell 0.2 percent to 101.32 against the yen yesterday. While the dollar fell against the yen to 77.39 yen from 77.45. The MSCI Asia Pacific Index yesterday slightly offset from the time range up 1 percent. Discussions to get the swap agreement is "in process" yesterday, according to the Institute of International Finance, on behalf of creditors to discuss with the Greek government. IFF Managing Director Charles Dallara met with the prime minister of Greece, Lucas Papademos in Athens yesterday. America's GDP is predicted to rise 3 percent in the fourth quarter after rising 1.8 percent in the previous quarter. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 27, 2012 Author Report Share Posted January 27, 2012 News and Review of European Economic Zone CEO: EFSF Still Save Much Money Friday, January 27, 2012 There is still a lot of money left at the European Financial Stability Facility (EFSF), funds. This is confirmed EFSF CEO, Klaus Regling, Thursday (26 / 1) local time on CNBC. "The market just see the size (of funds), and it is a big mistake," Regling said in an interview on the 'World Economic Forum' in Davos. "There are many other things, such as fiscal consolidation, and regulation of financial markets better in Europe, which will be better after the crisis." Market worries about the size of funds that have flooded the European market and the euro since EFSF launched in 2010. It was enlarged last year due to the eurozone debt crisis worsened. Regling believes the International Monetary Fund (IMF) would help Europe again if the other euro zone countries were forced to seek a bailout like Greece, Ireland, and Portugal has been done. He stated that the downgrade EFSF by rating agency Standard & Poor's has not inhibited EFSF ability to borrow money. "Negative perception, and unsupported by the facts," he said. "If people do not understand how EFSF work, they have not done their homework. It was working." He pointed out that there are new instruments that are available that have not used any countries. Assessment is how EFSF Regling is considered maybe ironic, given that he commented on the Davos Summit. "When I listen to the views in Davos, it's a very negative view berlebihanterhadap Europe and the euro," he said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 27, 2012 Author Report Share Posted January 27, 2012 News and Review of European Economic Zone (UK) Depressed Action Buy Sterling U.S. Dollar Friday, January 27, 2012 Sterling has been depressed early trading Friday, having dropped to 1.5660 from its previous high at 1.5693 level, the last being at 1.5665. Fall happens Sterling against the backdrop of action to buy back dollars that seen in the currency market, when market focus shifted from the FOMC's projections of interest rates to return to the development of Greece. However, it still looks bullish signal, said Valeria Bednarik, chief analyst at FXstreet.com. "However, strong medium-term resistance at 1.5770 area: last week's closing price above it, which may provide further support to the 1.6000 level during the next few days, while failing to penetrate the top level, it should trigger a correction to 1.5600/20". For the movement of the decline, the level of support at the level of 1.5660, 1.5620 and 1.5590, with resistance level 1.5710, 1.5735 and 1.5770. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2012 Author Report Share Posted January 30, 2012 News and Review of European Economic Zone (UK) GBP / USD: Potential Correction When Reaches 1.5760 - 1.5800 Monday, January 30, 2012 GBP / USD is still in an uptrend as seen in graph 1 hour. Prices are still consistently above the trend line moves up. Price test support at 1.5700 and the stochastic one hour starting intersected although not in oversold area. The potential is bullish until the next resistance at 1.5738 area. Acceleration to the top of this resistance is expected to push sterling up to the range of 1.5760 - 1.5800. However, the correction to the area rising trend line is still likely to occur. If so, we will try to find a bullish signal in the area of the trend line or in the range 1.5663 - 1.5700. Be careful if the price drops and breaks down 1.5639 because it will change the bias to be bearish with a target in the range 1.5615 - 1.5575. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2012 Author Report Share Posted January 30, 2012 News and Review of European Economic Zone Euro Back Weak Followed Aussie And Kiwi Monday, January 30, 2012 The euro weakened against the dollar, ending the fifth daily rise, before a meeting held by EU leaders in Brussels today. Yen rises compared to other currencies due to Italy's getting ready for auction today after their credit rating cut by Fitch Ratings. Demand for the euro also rose on speculation that Greece and its creditors to reach an agreement bond swap this week. Aussie and Kiwi are also weak due to the Asian markets are down. The euro fell 0.3 percent to 1.3185 per dollar in Tokyo from the previous range at 1.3220 per U.S. dollar positions. Last week the euro climbed 2.2 percent against dilar. The euro fell 0.2 percent against the yen to 101.15 yen. The dollar was at 76.72 yen range. The MSCI Asia Pacific Index fell 0.4 percent, to end an increase of 1.9 percent last week. EU leaders will meet today to discuss the crisis they are not yet see a bright spot. Fitch Ratings cut the credit rating of some countries such as Italy, the country with the third largest economy in Europe, from A to A-. Spain also experienced a decline in ratings from AA-to A. while Ireland does not decline. The Aussie fell 0.7 percent to 1.0587 dollars after rising 1.7 percent last week. kiwi fell 0.5 percent to 82.05 U.S. cents. Interest rates in Australia valued at 4.25 percent and 2.5 percent compared to New Zealand interest rates in the U.S. and Japan are close to zero. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2012 Author Report Share Posted January 30, 2012 News and Review of European Economic Zone Euro Weakens Technical, Except Greece EU Leaders Show Commitment The Stronger Monday, January 30, 2012 After a fairly strong rebound in the last two weeks, the index of euro in early trading week opened down slightly with weak fluctuations. Running index value was observed in the range of Euro 103.36 (30-01, 03:31 GMT) and fell slightly - 0.12% from 00:00 GMT. On this day EU leaders are scheduled to ratify the agreement rescue fund disbursement policy and is expected to approve the balanced budget setting on legislation in each country. The agreement called with the European Stability Mechanism (ESM), is a permanent supply of venture funds of 500 billion euros to rescue the economy in the middle zone of the European Union bawdy chaotic. This fund is scheduled to be operational in July 2012 applies, accelerated one year from the original plan. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2012 Author Report Share Posted January 31, 2012 News and Review of European Economic Zone (France) Sarkozy Affirm European Financial Crisis Start Stable Tuesday, January 31, 2012 French President, Nicolas Sarkozy, said the financial crisis in the euro area is stabilizing, and it is more due to a variety of policies that have been taken by European leaders. "Can we say, very carefully, we see some elements of financial instability in France, in Europe and the world," Sarkozy said in an interview with national television in Paris, today, as reported by Bloomberg page on Monday (30 / 1). "Today, Europe is no longer on the brink (recession)." The statement surfaced on the eve of EU summit in Brussels, Belgium. In the summit, European leaders are expected to complete the finishing touches on the agreement control the budget deficit and encourage a more stringent rules relating to the rescue fund of 500 billion euros, or about 661 billion U.S. dollars this year. Earlier, last weekend, Greek and some private creditors expect to complete the deal within the next few days after bondholders signaled they would accept the demands of European countries to slash its debt holdings greater. Efforts to maintain a 17-member euro area countries coincided with the worsening economic outlook. Based on the average estimate of 19 analysts compiled by Bloomberg, the eurozone economy would contract 0.5 percent this year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2012 Author Report Share Posted January 31, 2012 News and Review of European Economic Zone European Union: Tightening Control Budget Tuesday, January 31, 2012 According to news agency Reuters, which said on Monday, an agreement of the EU Conference in Brussels. In the last two years, European leaders met 17 times to discuss ways to overcome the debt crisis in the euro user groups that could threaten global economic stability. In this meeting, 25 EU member states agreed with the proposal of Germany to set up mechanisms which discipline is more stringent budgetary spending in each member. Only two members who rejected the proposal, namely the UK and Czech Republic. This decision was welcomed by the European Central Bank, which wants the members of the EU should tighten budgetary control. Severe financial crisis that hit Italy and Greece recently is because they are burdened with massive debt through bond sales to private parties. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2012 Author Report Share Posted January 31, 2012 News and Review of European Economic Zone (Italy) Italian PM: Meeting Satisfying! Tuesday, January 31, 2012 European Union (EU) yesterday managed to agree with the signing of the fiscal pact. Many people seem satisfied with the results of the meeting in Brussels, is no exception Mario Monti. Italian Prime Minister said quite satisfied with the meeting last night. European officials judged very cooperative in efforts to prevent a wider crisis. "The meeting produced results," said Monti relieved. Total of 25 EU countries (except UK and Rep. Czech) ready to sign deal on fiscal integration. Regulation titled "Treaty on stability, coordination and governance in the economic and monetary union" is designed to suppress the number of deficits and fiscal discipline all members. "It is important for the EU reached political agreement, because it can prevent problems and reduce the fiscal controversy," Monti said at a news conference. Italian Prime Minister also believed that the pact that could guarantee the solidity of the balance of the country collectively. Through the central bank (ECB) and supporting institutions, the EU believes is much more solid in a constitutional manner. European Council President, Herman van Rompuy, said that the 17 euro zone countries are ready to sign an agreement on the meeting in March, didamping leaders of non-euro countries. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 1, 2012 Author Report Share Posted February 1, 2012 News and Review of European Economic Zone (UK) Beware of Correction Sterling Down $ 1.57 Wednesday, February 1, 2012 Until the afternoon session on Wednesday (01/Feb), pound sterling is still stronger than observed with the single currency Euro is now gliding toward the level of $ 1.3. Although both corrected, but the fall in sterling is not as severe CAD due to the high demand for USD due to slightly improved sentiment toward risky assets, so triggering the transfer of the USD to GBP. In addition kokohnya Sterling Pound is also due to the increasing demand for adjustment at the end of the month. But should be wary, that Sterling is now extremely vulnerable to a correction moreover it is possible enactment continued monetary easing policy in the UK in the coming weeks. Besides optimism for the British economy has begun to fade back after weak money supply data and the UK consumer credit released yesterday. Technically, the daily Stochastic indicator also shows the curve bearish thus allowing prices to drop to as low as $ 1.5700 to $ 1.5660 in order to proceed. While the resistance will only be limited to the level 1.5770, then 1.5800 and 1.5840. Quote Link to comment Share on other sites More sharing options...
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