News and Reviews European Economic Zone

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News and Review of European Economic Zone

 

EUR / USD: Depressed, Potential Test 1.3002 - 1.2954

Wednesday, February 1, 2012

 

EUR / USD is currently under strong bearish pressure. CCI 1 hour start pointing upward while also beginning to intersect even though the stochastic is in oversold area yet. It is possible pullback will occur if the signal is confirmed bullish and prices accelerate to above 1.3081. The pullback is expected until the resistance at 1.3146 area and that level can we use as a reference to find a bearish signal.

 

Note also the support at 1.3040 due to the breakdown of support has the potential to push the euro down to the range of 1.3002 - 1.2954.

[mynameisandhy]

News and Review of European Economic Zone

 

European bourses Potentially Positive

Wednesday, February 1, 2012

 

European stocks rose on potential trading Wednesday (1 / 2) with China's manufacturing data better than expected.

 

FTSE predicted to be up 28 points, the DAX 39 and CAC rose will go up 24 points. While the majority of Asian stocks fell as the Hang Seng index fell 0.06%, the Nikkei index up 0.08%, the Shanghai index down 0.5%, ASX index fell 0.8%, Kospi up 0.2% and STI index fell 0.4% and KLSE index rose 0.5%. So quoting yahoofinance.com.

 

China's PMI data for January to 50.5 from 50.3 in December. But the global economic uncertainty has the potential to encourage policies that support economic growth. This manufacturing data beat market expectations.

 

Ahead of the IPO market is also anticipating the social networking site Facebook on Thursday. Facebook IPO will submit documents to the regulator on this day can be achieved by targeting new funds of U.S. $ 5 billion.

 

Today there is the release of UK manufacturing data followed an estimate of inflation the European region.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sturdy on Sterling Economy As constrained

Thursday, February 2, 2012

 

Until lunch break session (Thursday, 2 / 2) Sterling rallied brilliantly to reach record high of $ 1.5857 because these currencies are bought back a lot of data after the UK manufacturing PMI jumped well above expectations.

 

UK manufacturing sector PMI numbers recorded rose to 52.1 from 49.7 previously and well above market expectations of 50.0. The improvement in the sector numbers instantly trigger a pound surged to near its highest level in 2?-Months against the U.S. dollar.

 

However, the weakness of most of the UK last week's data still highlights the fact that the economic outlook is still not as good as expected. Some recent UK data, including GDP, still showed the economy was on the verge of recession, and the condition is likely to urge the BoE (Bank of England) to immediately add the asset buying program to boost the economy.

 

As a result, the majority of analysts still recommend a sell on every rise in British currency, given the BoE seems to have been preparing to announce a further round of QE in February.

[mynameisandhy]

News and Review of European Economic Zone

 

EUR / USD Down; Observe U.S. Jobs Data

Thursday, February 2, 2012

 

EUR / USD weakens on profit-taking after struggling to break through resistance at 1.3250 has failed.

 

"Profit-taking appears to have kicked after a rally on Wednesday in the doldrums," said a dealer at a bank trust, "but the downside is limited in the broad dollar weakness," he added.

 

Currency pairs are located at 1.3169 after rising as high as 1.3197 in early Asian trade.

 

Dealers said the focus now on U.S. jobs data to be released Friday, if the data reinforces the view that the U.S. labor market remains weak, which can inflate the EUR / USD again.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

GBP / USD Located In Limited Range Towards PMI Data

Thursday, February 2, 2012

 

Consolidation GBP / USD continues around the 1.5840 price zone ahead of the opening of Europe, has been very limited trading between 1.5825 and 1.5856 so far on Thursday, the last at 1.5842, up 0.08% was on this day .

 

"Cable positively to the U.S. dollar sentiment is supported by risk and IMP Manufacturing data better yesterday," described by Abhishek Goenka, CEO of India Forex Advisors. "Support levels seen at 1.5810 (daily 200-day EMA) while resistance is seen around the 1.6000 level."

 

Giving his views on GBP / USD, Goenka said the couple is likely to trade in a range from 77.10 to 78.00 today, the last recorded at 77.65 acres.

 

The events are at risk today, including figures for pound IMP Construction in January will release a few hours at 09.30 GMT, is expected to continue showing positive conditions in the construction sector.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Negotiations Greece Without Clarity

Friday, February 3, 2012

 

Sentiment improved in Europe began to appear after the fiscal agreement with the euro zone. But negotiations between the Greek bond loss rate of the monetary authority and the creditor still held tough.

 

At the beginning of this week, the parties involved in the Greek debt negotiation optimistic if consensus can be achieved in a matter of days. But even more sticking pessimism ahead of the second week in February. "Negotiations trimming losses tingat Greek super-complex," said Head of the euro zone, Jean-Claude Juncker, Luxembourg yesterday. He saw stagnation in the process of the talks could hamper efforts to bailout the submission of Volume II of Greece. In front of his colleagues from 17 members of the euro, Juncker even joked that the moment of completion of negotiations Greece will be 'the happiest time in his life'.

 

Expressed a similar opinion of the lender that holds to resist the loss is too great. "We are getting closer, but the finalization could take days or weeks," said Josef Ackermann, head of the Institute of International Finance (IIF) and the CEO of Deutsche Bank, one of Greece's debt asset holders. In order to deal more quickly achieved, Ackermann plans visited Athens this weekend.

 

Creditors have so far refused offers of trimming the value of the asset by 70% or more. The amount is considered too large for a policy of 'write-down'. "Why do we have to sacrifice more," Ackermann said in a statement to the European Union and the European Central Bank (ECB).

 

In addition to fighting for trimming the value of bonds, Greece is also struggling to lobby the European Union and International Monetary Fund (IMF). This country needs a bail out 130 billion euros in order to pay off previous debts that will mature next March.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Absolute poverty Waiting Greece

Friday, February 3, 2012

 

In the current state financial officials and creditors discuss the future of Greece's debt, most of the little people in the country was struggling to live decent.

 

Program cuts in the style of government has lowered the level of welfare of citizens of Greece. Reduction in health care subsidies and labor to make the people suffer. Not only that, the 'punishment' is more cruel ready for when the government launched a new efficiency program to meet the requirements of 130 billion euro bailout.

 

No human beings are more pessimistic about the year 2012 in addition to addressing the citizens of Greece. Media today Kathimerini writes predictions commercial employment decline of 160 thousand positions so far this year. This figure is a calculation of the National Confederation of Greek Commerce (ESEE), who actively criticize the current business conditions. Employment muller factors include income level is too low, layoffs and business closures due to entrapment of the capital crisis.

 

Greek labor data suggests as many as 4.15 million people are still actively working. Commercial sector contributes 4% of the decrease in the amount of labor so far. ESEE warned that Greece is only a step away from achieving 'absolute poverty'. All citizens must bear the financial condition of the country without a surplus but huge debt burden.

 

In his writings, the Greek Kathimerini said the company had lost 60 thousand and 100 thousand employees since the crisis. It makes the level of heads of household spending fell 6.2% last year. The level of household consumption is predicted to fall 4.3% this year, or continued sluggishness in the last two years. While the number of business units and business bankruptcy threat could potentially rise until doubled.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro And Aussie Weak , Dollar Continues Depressed

Friday, February 3, 2012

 

Euro and Aussie fell in Asia today non-manufacturing data from China in a positive boost market sentiment and investors are still awaiting the release of the U.S. labor market data.

 

Sales of non-manufacturing index fell to 52.9 in China in January of the range of 56 in the previous month. It weakens the price in the range of 1.3114 euros per U.S. dollar while the Australian dollar fell 0.2 percent menajdi 1.0675.

 

Euro and the Australian dollar dropped after HSBC China Services show the service sector in the country's steady progress in step with increasing demand in January in January but more or less affected investors are still awaiting data from the U.S..

 

Investors also are awaiting the outcome of negotiations between Greece and its creditors for approval of the bond swap is called Private Sector Invlovement (PSI). Greek side repeatedly insisted that the negotiations are going well and the agreement between the EU and Monetary Affairs Commissioner, Olli Rehn said the outcome of negotiations will be reached this weekend.

 

Aussie tends to end this week after stopping the rally with a decline of 2.8 percent last week. while the euro was steady at 1.20 francs position after the Swiss national bank says

 

The dollar was in the range of 76.18 yen, down from 78.29 yen the previous range. Earlier the dollar had touched a record low of 75.31 yen range on October 31 when Japan intervened heavily to suppress the price of their currencies.

 

The dollar continues to come under pressure since the Fed last week said they would keep their interest rates near zero.

 

Data from the long-awaited U.S. data expected to show U.S. job market rose 150,000 in January and keep the rating number of unemployed remained at 8.5 percent.

 

Experts said the stimulus funds from the Fed will boost the market sentiment on the one hand, but it weakens the dollar on the other.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling slumped Anticipation Step BoE

Monday, February 6, 2012

 

Sterling soared against the euro on Monday as the uncertain outlook for the Greek bailout again pressing the single currency Euro. Sterling against the dollar also dropped due to anxiety Greece as a whole instead prop up the U.S. dollar.

 

UK economic data of late enough to strut, but many analysts still believe the BoE to increase their asset purchase program on the monetary policy meeting on Thursday this week.

 

If the BoE announced the QE total greater than expected this week, of course, potentially Sterling currency slumped deeper.

 

Greek coalition government itself still has the dilemma to accept the conditions diberbalukan by the EU in order to receive aid amounting to 130 billion euros, on the one side of the main political parties agree to these terms less Greek.

 

Technical studies indicate that the 200-day moving average in the 1.5965 area still needs to be impenetrable to add further bullish momentum. Observed so far GBPUSD currency pair is trading at 1.5732 area.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Greek Banking Sector Conquer Europe

Monday, February 6, 2012

 

Europe's main bourses have knocked out of the 6-month highs that had touched at the beginning of the trading session this week, following a re-outbreak of anxiety about the ability of Greece to avoid default after the politicians in power in the country has not yet reached a consensus on austerity measures necessary to secure the bailout package.

 

Greek coalition parties are required to accept the proposed requirements of the European Union, the ECB and the IMF wants the implementation of austerity measures and further economic reforms before the disbursement of the international bailout to-2, which will help this Mediterranean country to pay its debts that will mature in next March.

 

Banking sector stocks, which have significant exposure to the debt problem countries in the eurozone, had another severe blow in the trading day earlier this week.

 

In France, Credit Agricole shares fell 3.85%, followed by Societe Generale SA lost 3.7% and BNP Paribas SA fell 2.5%, pressing the CAC 40 slipped 1.2%. While in Frankfurt, where the DAX index fell 0.65% after Deutsche Bank AG shares traded 2.8% lower, followed by Commerzbank AG fell 1.9%.

 

While the British FTSE index moved 0.5% lower as stocks fall 4.4% in Glencore International after the emergence of news that says if the EU Competition Commission will investigate the company's merger with Xstrata PLC.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

House Prices In UK Back writhing

Monday, February 6, 2012

 

Lloyds Banking Group division of Halifax submit data on Monday that house prices in England recovering after two consecutive monthly fall and collapsed

 

House prices rose 0.6 percent, which is a correction of the decrease of 1 percent last month.

While for a period of three months to January, a decline that is not too significant 1.8 percent lower than the same period a year earlier.

 

UK housing economist, Martin Ellis said that if the UK can avoid a prolonged recession, it is expected that qualified for the stability of the UK sector of the future in home prices in 2012.

[mynameisandhy]

News and Review of European Economic Zone

 

UBS Forced Performance Mixed European Exchanges

Tuesday, February 7, 2012

 

European markets moves mixed in opening trade on Tuesday (7/2) with the potential to decrease the performance of UBS which raises concerns about the performance of the company.

 

FTSE index rose 0.04% to 5894, the DAX rose 0.1% to 6777 and the CAC index rose 0.2% to 3415. European bluechips stock has risen 155 for seven weeks. While the DAX index was up 20%. So quoting yahoofinance.com.

 

On Tuesday morning, UBS mengisyaraatkan in the first quarter of this year will experience a decrease in performance with the uncertainty in the European Union. It is already ditandari with decreased performance in the fourth quarter of 2011.

 

In addition, ArcelorMittal, the world steel giant that controls 7% of world steel products decreased to 29% profit in the fourth kuarta. However, BP had a positive increase in earnings from year to year.

 

On Monday, as many as 23% of the 600 companies in the European exchanges have reported performance. But only 545 of them are beyond expectation. While 46% have met even under estimated.

 

The market is still worried about the debt situation of Greece. Moreover, the potential failure still must pay the 130 billion euro bailout or the cost of U.S. $ 170 billion.

 

Asian stock markets fell as the Hang Seng index fell 0.05%, the Nikkei fell 0.1%, the Shanghai index fell 1.6%, ASX index fell 0.5%.

[mynameisandhy]

News and Review of European Economic Zone

 

European Stock Markets Flat At the opening; Shares of UBS, LVMH, Xstrata Down

Tuesday, February 7, 2012

 

European stock markets traded mostly flat at the opening session Tuesday, with the focus of market participants focused on a number of income data, news ditamah agreement in the mining sector.

 

The Stoxx Europe 600 flat at 264.31 level, with shares of UBS AG against the positive trend in the banking sector, which fell 2 percent after laporka revenue.

 

France's CAC 40 Index rose 0.3 percent to a level of 3,415.30, led by a 1.2 percent rise in shares of BNP Paribas SA and 2.2 percent shares of steel producer ArcelorMittal SA after the earnings report.

 

Shares of LVMH Moet Hennessy Louis Vuitton SA fell 2.6 percent in Paris, following the decline in the luxury goods sector, with Christian Dior SA shares fell 3.1 per cent and Burberry Group PLC fell nearly 2 percent.

 

German DAX 30 index flat at 6,768.08 level. as well as a flat FTSE 100 index at the level of 5,890.96, with shares of Xstrata PLC dropped 2.7 percent after announcing kerjasa with Glencore International PLC.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Non-stop demonstrations Held in Athens

Tuesday, February 7, 2012

 

Similar to the condition of a few months ago, the Greeks re-efficiency policies opposed by the majority of citizens. Unions today launched a compact mass demonstration against the government's new discourse.

 

Lucas Papademos Prime Minister demanded a policy of ruthless as a prerequisite to get a new bailout from the European Union and International Monetary Fund (IMF). This includes wage withholding clauses for an undetermined period of time. As many as 15,000 civil servants and relevant agencies must be willing even laid off this year.

 

24-hour strike by employees of the private sector and civil servants. In addition to freezing the transportation routes in the city of Athens, ferry operations were also suspended. The public service offices, schools and courts are also not active today. A total of three major protest is planned in three separate places of Athens.

 

The coalition government is trying to pass another reduction proposal as soon as possible so I can get a bailout of 130 billion euros. If not, then the country threatened with bankruptcy in March. Parties Troika (EU, IMF and ECB) yesterday to discuss development issues has been bailed out yesterday. The meeting resumed today and the government are expected to ask for waivers in specified trimming program.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Slipping Back Pound Under 1.5900

Wednesday, February 8, 2012

 

After briefly touching its highest level at 1.5929 daily, which is slightly below the 200-day MA, in early London trading session on Wednesday, GBPUSD should back slipped about 30 pips lower to back trading below 1.5900 psychological level.

 

Rumors are circulating in the market about the existence of large purchases EURGBP suspected to be the main cause of the decline in the pound last 1 hour.

 

In terms of technical, analyst at Windsor Brokers, Slobodan Drvenica argue if "efflux back above 1.5900 level, is likely to re-open opportunities for the pair to reach the 200-day MA is currently in the range of 1.5943. But that looks overbought conditions the short and long term charts will try to hamper efforts to increase GBPUSD. "

 

As the last movement of GBPUSD, Drvenica put the support level at 1.5860, 1.5840 and 1.5800.

[mynameisandhy]

News and Review of European Economic Zone

 

European Stocks propped Greek Progress

Wednesday, February 8, 2012

 

European stocks rose on Wednesday, ending a weakness for 2 days at a stretch, helped by a positive outlook for corporate earnings and investor speculation that Greece may ultimately secure a bailout funding to avoid default on an irregular basis.

 

Another positive catalyst is the ECB's readiness to redeem their bond holdings by Greek EFSF bonds at a discount, where it is a positive step that could ease the process of disbursement of bailout funds.

 

According to the ECB proposal will not result in losses for the ECB and on the other side of Greece's debt burden can be reduced by 11 billion Euros.

 

Monitored by far London's FTSE stock index has gained 0.28% to as low as 5,857.50, while Germany's DAX stock terkerek rose 0.58% at 6,798.50 level and the French CAC climbed 0.38% traded at 3,425.0.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Banking And Mining Boost FTSE 100

Wednesday, February 8, 2012

 

London Stock Exchange resumed trading in the session into positive territory Wednesday, with the increase in mining and banking sector lifted the UK benchmark index.

 

The FTSE 100 rose 0.3 percent to a level of 5,906.7 in early trade, stop the decline in two consecutive days.

 

For the past few days, so investors monitor talks in Greece, where the policy pebuat negotiate an agreement on a new round of austerity measures. Party leaders approached kesepkatn on Tuesday night, but talks again delayed, reports media reported yesterday.

 

Banks across Europe are no exception British banks traded higher. With Lloyds Banking Group PLC shares rose 1.8 percent and Barclays PLC moved up 1.5 percent. Royal Bank of Scotland Group PLC and Standard Chartered PLC rose respectively 1.2 and 0.8 percent.

 

The mining sector rebounded after menudukung decline in early trading this week. Rio Tinto PLC shares led gains in the sector, resulting in increase of 2.4 percent, while Fresnillo PLC rose 1.8 percent. Xstrata PLC and Glencore International PLC moved into positive territory a day after announcing the merger of all its shares. Xstrata shares jumped 1.8 percent and Glencore rose 1.1 percent.

 

BHP Billiton PLC rose 0.9 percent after it reported net profit decreased 5.5 percent in the first quarter. Anglo-Australian company said the increased costs, disruption of production and falling prices komoidit affect performance in the period.

[mynameisandhy]

News and Review of European Economic Zone

 

Euro will be corrected

Thursday, February 9, 2012

 

Movement on EURUSD 1 hour chart's look held strong under strong resistance area where there is a tendency euro will be corrected. The technical indicators of the stochastic is in overbought. If the euro weakens and penetrates the support trend line and then there is the possibility of 1.32253 euro will move down to support 1.31563. Conversely, if the euro broke through the resistance and then there are chances of 1.32870 euro will move up to 1.33454 resistance.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Rebound Opportunities

Thursday, February 9, 2012

 

Movement on the GBPUSD 1 hour chart's look at areas of support where it is likely pounds going to rebound upward. The technical indicators are in a bullish stochastic. If prices penetrate resistance where there is an opportunity 1.58231 pound will strengthen and move upwards towards 1.58629 resistance. Conversely, if the pound weakens and penetrates 1.57909 support it is possible that prices will move down towards the trend line support to 1.57587.

[mynameisandhy]

News and Review of European Economic Zone

 

Greece hints Will Give Decision Soon, Euro Up

Thursday, February 9, 2012

 

The euro rose to its highest point during the last two months against the dollar and yen after the leader of the Greek finance minister hinted that they will receive a second bailout of its international creditors.

 

Euro extends gains against the yen during the three days after the dreamer Greek political parties will negotiate a second phase of the bailout terms that require cutting pensions. The European Central Bank will conduct a policy meeting today. The dollar index touched its lowest point for two months in Asia.

 

The euro rose 0.4 percent, up 1.3306 U.S. dollars. Earlier euro had touched its highest point since December 12 in the range of 1.3313 per U.S. dollar. The euro rose to 102.77 yen, the highest since December 13 last. dollar rose 0.2 percent to 77.18 yen.

 

MSCI Index decreased 1 percent to remove the range of 126.65 per dollar.

 

Within three months, the euro fell 3.3 percent as well be the worst performance among 10 other currencies. While the pound fell 1.9 percent.

 

Today the pound rose 0.2 percent to 1.5846 per U.S. dollar. Won weakened after the Bank of Korea menaham their interest rates in the range of 3.25 percent today. Won a little correction in the range of 1115.73 per U.S. dollar was down 0.5 percent after earlier.

[mynameisandhy]

News and Review of European Economic Zone

 

Stock undermine European bank

Friday, February 10, 2012

 

European stocks fell, dragged down banking shares fell on concern the protracted debt crisis after the euro-zone finance ministers gave more prerequisites before it can approve the disbursement of funds bailout Greece. Greek political leaders have agreed to continue the policy of economic reform, but the euro-zone finance ministers demanded more austerity policies and the approval of the Greek parliament on policy reform.

 

"There is a perception of Greece will not be able to meet European expectations. Demand that Europe has previously requested not be fully realized Athens," said Justin Urquhart Stewart, director at Seven Investment Management. "The longer Greek increasingly anxious to get bailout funds market. This makes investors reduce exposure while waiting for more clarity on the situation of Greece. Britain's FTSE index fell 0.35% while the German DAX and French CAC respectively 0.9% and 0.7 %.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

In the long struggle of Greece Still Zone European Zone

Friday, February 10, 2012

 

Greece is still a long struggle in the euro zone, which is still struggling in an attempt to convince "colleagues" that his country would host a regional policy of implementing economic reforms and budget cuts in an effort to get a new bailout.

 

Olli Rehn said that the Troika Inpector have reached the last minute penjanjian staffing levels with the Greek government's latest austerity program.

 

"Not a minute too soon, but of course much valued goals in injury time," said European Commission vice-president of his arrival to discuss Greece with euro zone finance ministers.

 

"I believe that agreement on staffing levels will tonight be thoroughly scrutinized by the finance ministers of the euro area," he said. Now depending on the Greek government and parliament to be able to convince his European colleagues through a strong commitment and concrete action in terms of ensuring fiscal consolidation and structural reforms, Olli Rehn added.

 

Some euro-zone finance ministers earlier indicated that they were not ready to give the green light a new bailout of 130 billion Euro (USD 171 billion) to Greece although Greece's political leaders have agreed on new policy measures langkaj.

[mynameisandhy]

News and Review of European Economic Zone

 

The euro slid After Failed Translucent Above MA100

Friday, February 10, 2012

 

The euro slipped from 2-month highs on Friday after euro zone finance ministers urge greater austerity program in Greece before approving the second phase of the bailout, and still open the possibility of default on an irregular basis.

 

Eurogroup chairman Jean-Claude Juncker said European finance ministers want additional spending cuts amounting to 325 million Euro, in addition to Greece still provides assurance that the policy will still be implemented after the Greek elections later.

 

Monitored by far the EURUSD currency pair fell -0.17%, to a level of 1.3262, and failed to break the 100 day MA above the level which is located at 1.3330 area.

[mynameisandhy]

News and Review of European Economic Zone

 

Ratification of the Greek Euro Performance Dongrak

Monday, February 13, 2012

 

The euro soared on Monday after investors were relieved of the post-Greek parliament approved a bill that the budget savings the government is to secure the advancement of international bailouts, yet most investors are still skeptical of the strengthening euro because there is the next hurdle.

 

The draft law approved this has angered the Greek population, but on the other side of the rescue package worth 130 billion euros should be disbursed by international parties and prevent default on an irregular basis in Greece as well as maintaining the integrity of Greece in the European zone.

 

The next euro-zone finance ministers are still waiting for an explanation of how the government can do the Greek budget cuts amounting to 325 million Euro which is targeted to be achieved this year.

 

Overall agreement on the Greek austerity program will be support for the EURUSD currency pair short term. Resistance appears in the area nearest the 100-day MA is traded at 1.3325 - 1.3300. Translucent again over the area should trigger further bullish momentum towards 1.3500 area.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling soared after the Voting Greece

Monday, February 13, 2012

 

Sterling rose against the dollar on Monday, bolstered by the strengthening of post-approval risk assets Greek parliament on the government budget bill savings, and managed to avoid the threat of default on an irregular basis.

 

Strengthening pound sterling is still limited but is expected ahead of the Bank of England inflation report on Wednesday to see if there was any chance of directions of further monetary easing.

 

Although the Bank of England a little more optimistic on the UK economy, but investors are still waiting for BoE inflation report on Wednesday. If there is no indication in the form of Quantitative Easing monetary easing should be a reflection of the condition of the euro zone are very weak and with the uncertainty that automatically could potentially weaken the currency pair GBPUSD.

 

Technically, GBPUSD is still facing resistance at the highest level of technical February 8 at the level of 1.5929 and MA 200 days in the range of 1.5928.