All About Commodity

[mynameisandhy]

Trigger For Lack of Gold Rally

 

Thursday, May 19, 2011

 

Gold is not much beubah in London session. Fairly widespread profit taking as gold tried to approach the psychological level of $ 1500. However, the continued weakening of the dollar sentiment is still supporting the movement of precious metals. Although the FOMC minutes showed the Federal Reserve is almost agreed to use monetary instruments to attract stimulus, but there is no indication when the tightening will begin; is certainly not enough to foster the strengthening dollar.

 

"Gold is still looking for an excuse to continue strengthening; now precious metal shortages trigger for the rally" said Dan Smith, analyst at Standard Chartered. "Overall, the gold was quite encouraging. Gold may have a print prices low, but $ 1,500 still to be resistant is important," said Li Ning, an analyst at Shanghai CIFCO.

 

Data World Gold Council (WGC) showed an increase of 26% of global gold investment to 310.5 tonnes. Demand for precious metals also rose 11% to 981.3 tonnes. Investors prefer gold bullion and gold coins instead of ETF products, this course can be a reason for reduced investment fund based gold ETF in the first quarter 2011

[mynameisandhy]

Gold tends to fluctuate Stronger

 

Friday, May 20, 2011

 

Precious metals are traded in a range trading continues in Greece's debt default prevention situations. The weakening dollar which appears in the European session to boost the appeal of gold as an alternative investment.

 

 

Gold traded so far observed in the level of $ 1,495.21, an increase of 0:14%, compared to today's opening price. Gold prices tend to move against the U.S. Dollar, then the predicted weakening of the Golden still limited as the dollar rebounded momentum began to fade.

 

Estimated analysts still expect an average of Gold in the second quarter is in the level of $ 1455, after the price gradually weakened due to high supply of gold in central bank reserves and the country.

 

Based on technical studies, intraday bias is still neutral with the potential trading range of 1488 to survive in the area till 1500, required penetration is consistently outside the range to get a more clear direction.

[mynameisandhy]

Gold Slip On Weakness EUR / USD

 

Monday, May 23, 2011

 

Gold slipped lower in Asian trade, EUR / USD weakness as concerns over Greece's debt woes drag on, said a trader based in Hong Kong.

 

"This is a reaction against the U.S. dollar," he said, adding that the overall price uptrend is still in place. EUR / USD is at 1.4089, issued intra-day low 1.4080.

 

"If uncertainty persists, we may see more investment in gold," he said. Spot gold fell $ 3.30 from the closing of New York at $ 1,510.20 / oz. Silver, which fell more than 20% from its peak last month, up seven cents at $ 35.13/oz.

 

"Silver likely to consolidate at this level, if the euro / dollar rises,. we can see silver prices rose as well," he said.

[mynameisandhy]

Natural Gas Futures Down From the Top 3 Weeks Related to Profit Taking

 

Wednesday, May 25, 2011

 

Natural gas futures slid on Tuesday night, as investors withdrew from the market to lock in profits from the rally that took prices to a peak three-week highs.

 

On the New York Mercantile Exchange natural gas futures for June delivery traded at USD 4337 per million British thermal units (BTU) for U.S. trade.

 

Earlier in the day, natural gas futures rose 1.2% to $ 4397, the highest price since May 5 amid indications of rising demand after forecasts showed that warmer temperatures than normal in much of the territory of the United States until late May.

 

However, the rally was encouraging some investors to sell their positions in profit-taking and lock in profits speculation that the recent rally in the market has been noted to increase the cooling requirements.

[mynameisandhy]

Dollar Weak, Oil Prices Up in Asia

 

Thursday, May 26, 2011

 

U.S. crude oil futures rose in Asian trade on Thursday (26 / 5) morning, supported by the weakening dollar and U.S. government report showed distillate reserves decline unexpectedly last week.

 

Crude oil is light, sweet U.S. for July delivery rose 38 cents to $ 101.70, up $ 1.73 from Wednesday. In London, Brent crude up 43 cents to $ 115.36 per barrel after rising more than $ 2 in the previous session. Oil reserves data reported by the U.S. Department of Energy showed distillate oil reserves, which include heating oil and diesel fuel, fell 2.04 million barrels to 141 million barrels last week, the lowest since April 2009.

 

The data overshadowed a bigger estimate of 3.79 million barrels of gasoline and the profits to build reserves unexpected 616,000 barrels in crude stocks.

 

In Libya, NATO forces attacked targets in the capital Tripoli on Wednesday night, Libyan television and a television station based in Dubai said. South African President Jacob Zuma will visit Tripoli next week for talks with Libyan leader Muammar Gaddafi and is optimistic that the meeting could help find a solution to the crisis of Libya. Large explosion rocked the Yemeni capital, Sanaa on Thursday due to the struggle to topple the veteran president, Ali Abdullah Saleh, threatening to descend into civil war.

 

A European draft resolution submitted to the UN Security Council on Wednesday demanded an immediate end to violence against protesters and Syrian cooperation with UN investigation of alleged human rights violations. Dollar down 0.3 percent against other currencies, while the euro climbed again after weakening earlier in the day driven by the uncertainty caused by the debt crisis of the euro zone.

 

Japan's Nikkei stock rose on Thursday, helped by the increase in Wall Street stock and commodity prices. The price of gold in the spot market edged up to its highest level in almost three weeks on Thursday

[mynameisandhy]

Prone gold Corrections Despite High Investment Demand China

 

Friday, May 27, 2011

 

Chinese demand for gold bars and coins in line with private investment to boost imports of precious metals over 400 tons in 2011, according to one estimate consultancy GFMS.

 

The increase in investment interest in silver is also a factor increasing industrial demand for silver and China's overall consumption will exceed domestic supply this year. Estimation of China for gold investment demand alone is expected reach 300 tons this year rose from 200 tons in 2009.

 

The increase in demand from China came in when there are fears of inflation amid weakening dollar boosted gold prices to record highs lately had won $ 1,575 in early May before falling sharply due to a sell-off panic commodities and increase Necessary margin transactions in the operator Shanghai and New York.

 

Gold rally during the decade long enough to bring the increase of gold reached $ 1,600 per troy ounce at the end of the year according to the FMS consultant agency.

 

Looking at technical analysis, gold rebounded from 61.8% Fibonacci level ($ 1,464) is still in line with the cutting line MACD indicates a bullish trend in the medium term. But short-term indicators of Gold, has shown overbought condition (overbought) look of the RSI, it can be predicted this rise can not last long for the short term.

 

Gold Breakout from consolidation range that form along the last quarter of 2010 until the end of Q1 2011, so the best strategy at this phase is to buy on a dip of Gold in the event excessive attenuation, with a target in new highs Fibonacci projection area $ 1,600

[mynameisandhy]

Survey: Oil Prices Will Rise This Week

 

Monday, May 30, 2011

 

Oil prices will rise due to strong Asian demand which can imbangi slowing demand for developed countries, according to CNBC survey. Oil touch $ 101.90 last week after the G-8 leaders express tough global economy.

 

Half of the 10 analysts surveyed predicted an increase in oil prices this week, three expect price declines and the two expect prices will remain steady. The focus this week is a manufacturing index (Wednesday) and employment data (Friday) that can give would signal the world's biggest energy consumer demand. The data may confirm slowing U.S. economic growth amid high input prices, supply disruptions caused by the tsunami than Japan and China demand.

 

Although there is no certainty of Chinese demand, but analysts are still optimistic that Asian demand will remain strong, more than enough to Balance slowdown of developed countries. "Even with the gloomy economic indicators from the U.S. and China last week, oil remained above $ 100," said Andre Julian, officials OpVest. "Demand for Asia will continue to increase into the summer, even more so with the Japanese economic reconstruction efforts. History also show the increasing oil prices in June in 10 years, except in 2 years but less than 10% reduction. Although there is no indication of action sell up to the range of $ 95, that level is a support and a good opportunity to buy. "

[mynameisandhy]

Consolidated Gold Below $ 1,540

 

Tuesday, May 31, 2011

 

Sentiment easing the transfer of risk / risk aversion after the Wall Street Journal reports on Germany and loan assistance packages to Greece have stopped the momentum of rise of gold that had experienced over the last few days.

 

Precious metals reached the highest point in 4-week level of $ 1540.50 during the Asian session, but gradually slid down to intraday lows at $ 1,532.05. Observed by far the rebound back to the area of ​​$ 1,536.35.

 

Based on technical analysis, MACD crossover and above indicate an uptrend targeting areas of $ 1,548 in the short term, while at the bottom side support levels are located in the area from 1525 to 1514.

[mynameisandhy]

Purchase of Safe-Haven slide, Gold Fall

 

Wednesday, June 1, 2011

 

Prices of gold futures ended in the red zone. Hope Greece's debt began to approach the solution, metallic sheen tarnish. However, the weakening dollar give some support

 

Gold for August delivery, the most active contract, fell 50 cents to U.S. $ 1,536.80 an ounce on the Comex division of the New York Mercantile Exchange. Gold fell 1.2% during the month yesterday. Gold and other commodities slumped on concern about the euro that underpin the U.S. dollar. Dollar rises about 2% and the euro was down about 3% in May.

 

Silver and other metals more closely with the utility industry, rose on that day, but suffered a monthly loss is quite heavy. Copper ended weaker, because the U.S. housing index shows the weakening in the market. metal with the flat end of this month.

 

Silver for July delivery rose 44 cents, or 1.2%, to U.S. $ 38.31 per ounce. While a month yesterday, silver plunged 21%. That's the worst month for the silver since August 2008. Silver rose nearly 30% in April.

 

Silver futures series inhibited the increase margin requirements at the beginning of the month that forced investors out of the market, releasing silver and other commodities. Margin Requirement is the money required to trade futures contracts.

 

Yesterday, a report said the German stance has softened in the early debt rescheduling for Greece, triggered safe-haven buying of gold. "Last week we were really worried about Greece's debt rescheduling," said Bart Melek, head of commodity strategy at TD Securities. "Investors also took profits after last week's increase."

[mynameisandhy]

Abundant U.S. stocks, oil weakened

 

Thursday, June 2, 2011

 

U.S. crude oil contract to continue fall on Thursday (02/06) after a surge in inventories in the United States (U.S.). Industry reports that mention that OPEC will raise production at next week's meeting also had a role in the correction.

OPEC would discuss increasing production by 1.5 million barrels per day at a meeting next week, with an increase of 1 million barrels per day that might happen, Energy Intelligence reported yesterday, citing sources and delegates from OPEC.

 

U.S. crude prices for delivery in Julu down 18 cents at $ 100.11 per barrel level, after the last down $ 2.41 at $ 100.29 a day earlier level.

 

U.S. crude inventories jumped by 3.5 million barrels last week, reported the API in a statement, compared to previous expectations lower.

[mynameisandhy]

U.S. and Greece's Data Stabilize Gold

 

Thursday, June 2, 2011

 

Spot gold held steady on Thursday (02/06), as supported by concerns about economic recovery particulars. Market anxiety was triggered by the worsening employment and manufacturing data United States (U.S.). From Europe, optimism faded Greek settlement debt crisis after Moody's cut its rating on government debt state.

Spot gold moved up 0.1% to as low as $ 1,541.89 per ounce, to continue strengthening in the previous session. U.S. gold prices flat in level of $ 1,543.20.

 

The U.S. economy is minimal encouragement as the data shows that the ratio of the current labor began to decline than expected in May. The output of the manufacturing sector reached its lowest point since 2009.

[mynameisandhy]

Crude Oil Continues Rise, Await Jobs Data

 

Friday, June 3, 2011

 

U.S. crude oil contract to continue strengthening on Friday, buoyed by weak U.S. dollar as markets await the U.S. NFP data release today.

The market still sees so far limited the pressure drops related to the news that OPEC is considering to raise the level of output of about 1.5 million barrels per day, ahead of OPEC meeting in Vienna on 8 June. One delegation said that the increase of 1 million barrels per day would probably occur.

 

U.S. Crude oil for July delivery rose 35 cents at $ 100.75 per barrel level, after rising 11 cents in the last level of $ 100.40 a day earlier.

[mynameisandhy]

Gold Safe-Haven, Demand Maybe Restricted

 

Tuesday, June 7, 2011

 

Spot Gold trading in a narrow band and the possibility to track the EUR / USDI week, Citigroup analyst David Thurtell said. "It's like getting a second Greek (bailout) package, and that will in some sense tend to limit safe-haven demand (gold)," Thurtell said. Last week, the euro-zone officials struck a tentative agreement to provide Greece with more funding to help the country avoid default on sovereign debt. Spot gold traded at $ 1,544.80 / oz, up 90 cents from the previous close.

 

In the case of some central banks consider attractive economic and fiscal stimulus, gold is likely to affect, Turtell said. The three major central bank - Reserve Bank of Australia, Bank of England and European Central Bank - are scheduled to meet this week to discuss the twin challenges of rising inflation and slowing global growth

[mynameisandhy]

Gold Look forward to the ECB decision

 

Wednesday, June 8, 2011

 

Gold market related down pending the outcome of the European Central Bank meeting on Thursday (09/06).

 

Spot gold in the range of 1.541 USD / troy ounce, down $ 4.30 from the closing of the New York market. The increase in interest rates to help strengthen the EUR / USD, USD-based commodities, including precious metals. Investors holding other currencies when the dollar weakens. Gold had opened higher, touching a high level at $ 1,546.39 per ounce after the head of the Federal Reserve, Bernanke's comments about the condition of U.S. economy on Tuesday (07/06). But until there is clarity about the European rate hike, gold will likely continue to be in the range of this sat level, according to traders based in Singapore.

 

"Strengthening of gold this morning due to Bernanke's comments on Tuesday, but the current gold market again weakened and apparently will not move higher," he said.

[mynameisandhy]

Sideways, Gold Expect ECB

 

Thursday, June 9, 2011

 

Gold prices move sideways as investors wait for the results of the BoE and ECB meeting tonight. BoE and ECB interest rate is predicted to again defend at low levels. Gold trapped in the range 1530 - 1550 lately, but technical analysis Tao Wang Reuters predicted gold would reach in 1522 a natural correction in the short term.

 

ECB may give signals higher interest rates in July when the press gave konverensi tonight, according to economists surveyed by Bloomberg. Index swaps also show the ECB will raise interest rates 25 bps in July. "The market is now expecting the ECB meeting and if the central bank will provide cues tightening of gold would have the power to rally back," said Stefan Graber, an analyst at Credit Suisse.

 

On the other hand, the market will also need a guide U.S. monetary policy after the Federal Reserve completed an asset purchase program $ 600 billion at the end of June. There is a continued expectation of additional stimulus due to recent deterioration in U.S. economic indicators, but the Fed's Bernanke's speech gave no hint yesterday continued monetary easing.

[mynameisandhy]

Outlook Demand for oil worries

 

Friday, June 10, 2011

 

Oil prices fell due to gloomy outlook for energy demand in Asia as central banks continue with monetary tightening and a weak U.S. employment situation. South Korea's central bank raises interest rates for the third time this year while the U.S. unemployment claims rose. "Bulls and Bears are fighting fierce," said Jonathan Barratt, officials Commodity Broking Services. "Prices will certainly move higher if the economic situation improved, but recent data do not support." Technicians Reuters, Wang Tao, see the recovery in oil prices will end up at $ 103.

 

On the other hand, OPEC failed to reach an agreement on June 8 last meeting although six members, including Saudi Arabia, has called for increased output. "With no change in OPEC output target of the U.S. economic data will be the determinant of the direction of oil in the near future," said Victor Shum, Purvin & Gertz consultancy. "The market may have been aware of OPEC's supply problems are not so significant in the near future. Most important is the actual oil supply in the market and commitment Arabia pump more oil."

 

From the technical side, oil is still trapped in a symmetrical triangle pattern, which may continue to restrict the movement of black gold to get out of the pattern. 110.70, the lowest price yesterday would be a support. While the penetration of 102.12, the highest price today, will help test 102.43, the highest price June 10.

[mynameisandhy]

Gold corrected Despite Dollar Still In Pressure

 

Monday, June 13, 2011

 

Gold surrender of its uptrend rally even though the dollar remained under pressure against major currencies, relative to no news to exceed the trigger level of the previous peak of Gold near $ 1,555 per troy ounce.

 

Stock of gold bullion is still sluggish because employers get the jewelry is still uncertain after last week's uptrend precious metal prices fell nearly 1 percent, as well as posted the biggest weakness in a weekly basis.

 

Observed spot price of gold is still trading at levels of $ 1,525.90, the highest weekly point drop from last week at the level of $ 1,553, and is lower than the lowest point last week at the level of $ 1526.

 

Companies the world second largest gold miner, Newmont Mining Group saw the price of gold still has the potential to rise to $ 1,600 long-term and maybe next year could exceed those levels supported by demand from Asia. It's just that in the near term momentum has weakened and there's no new catalyst.

 

Flow of funds seeking safe haven assets due to the debt crisis of Europe can be a factor that sustains Gold to rise.

 

Based on technical studies, intraday bias is still bearish target the psychological level MA50 traded in 1509 while this level. However still consistently below the level of penetration needed in 1517 to trigger further bearish momentum. On the upper side, the nearest resistance level in 1533, through the above area to bring the price of gold into the neutral zone because of its direction becomes unclear in the short-term test the key resistance area from 1542 to 1548.

[mynameisandhy]

Anxiety Growth Oil Press

 

Monday, June 13, 2011

 

Oil prices fell as investors worried about world energy demand amid fears of slowing U.S. economic growth and China, two of the largest consumer of oil. Data this week may show U.S. retail sales decline and slowdown in China's industrial production. Asian stock markets even weaker, extended losses last week.

 

"The weak global economic data weighed on oil prices," said Ken Hasegawa, senior Newedge. "I'm worried about the stock market continue to decline." Meanwhile, a Bloomberg survey showed 54% of respondents predicted oil prices will weaken this week. 34% expect higher oil prices and the rest is estimated there will be no significant price changes.

 

Technical analysis of oil show is now testing the lower boundary triangle pattern with a 97.72, the lowest price of June 7 as support. But the daily closing price below the lower limit of the triangle pattern, 98.00, will maintain a bearish bias.

[mynameisandhy]

Tap Oil Monthly Lowest Point

 

Tuesday, June 14, 2011

 

Crude futures tumbled around -0.29%, approaching $ 97 per barrel level as fears of high oil reserve stock but demand is weak.

 

Saudi Arabia as the world's largest oil producer, said it would continue to raise output despite failing to persuade OPEC members do the same. Despite this additional crude oil from Saudi Arabia has not been equal in quality to the oil supply from Libya.

 

Predictions of global oil demand is still expected to rise in the second half of this year, but the difference is with the rate of demand in the U.S. rose only moderately. Moreover, the U.S. economy still slumped along with ratings downgrade fears Greece add to the global economic gloom in the short term.

[mynameisandhy]

US Dollars loeded Gold

 

Wednesday, June 15, 2011

 

Gold slipped in early London session, weighed down the strengthening of the dollar after Moody's threatened to cut the French bank's credit rating. The fall in oil prices also gave a negative sentiment for gold is also used as a hedging instrument for inflation. Nevertheless, long-term outlook for gold remains bright even UBS optimistic about 1600 years to achieve this gold.

 

"For the short term, gold is still difficulty penetrating resistance 1550. Letup purchase physical gold in Asia also worsen sentiment. Gold may test again if it closed in 1500 under 1512, "said Ronald Leung, director of Lee Cheong Gold Dealers." weakening of gold is temporary. Demand for precious metals as safe haven assets will rise in the midst of the worsening debt crisis and the high euro-zone inflation in China and India, two countries of the world's largest gold consumer, "said Tom Pawlicki, an analyst at MF Global.

 

From the technical side, gold is still trapped in the bearish channel. 1519.35, the lowest price of 2 June, will be support. The penetration level will open the opportunity to 1514.60, the lowest price May 26 and 1511.10, the lowest price June 13. If gold had passed through 1527.30, the highest price today, it can be tested in 1532 and 1537 (Fibonacci 50% and 61.8% of the fall of June 6 to 13 June.

[mynameisandhy]

Try to Limit Decrease Gold Crisis

 

Thursday, June 16, 2011

 

Gold weakened due to the strengthening dollar, but fears the worsening debt crisis, euro zone may limit the decline as investors worried towards the completion of Greece's debt problems. Prime Minister of Greece will flatten the cabinet when the euro-zone finance ministers signaled the impossibility of a bailout agreement is reached at a summit next week.

 

"Investors are skeptical of the new Greek government will be able to convince the population of drastic austerity policies. However, budget cuts are needed and can not be postponed," said Ong Yi Ling, an analyst at Phillip Futures. "Until the Greeks produced a plan that can maintain debt sustainability, help may not come down. With the increasing risk of default then the gold and the dollar can be strong together."

 

"The strengthening dollar hurt gold, and profit-taking was also seen in precious metals," said an analyst at VTB Capital, Andrey Kryuchenkov. "However, gold continues to be supported by the uncertainty of the debt crisis of Europe. If the situation in Europe worsened then gold could rally back to test the record achieved in May."

 

From the technical side, gold is still trapped in a bearish channel. 1519.35, the lowest price June 2, will be the closest support which would open opportunities penetration testing lowest prices yesterday 1514. The highest price today, 1530.80, will become resistant that if passed could take gold reach 1534.50, the highest price June 16.

[mynameisandhy]

Crude oil closed lower, down 6 percent in a week

 

Friday, June 17, 2011

 

U.S. crude oil futures fell more than 2 percent on Friday due to concerns about Greece's debt and the slow U.S. economic growth so that the pressure of oil prices.

 

Crude oil prices fell 6.3 percent in the week, the biggest weekly decline since the commodity-experienced sell-off in early May.

 

The euro rose for a second day against the dollar on hopes that Greece will get a new aid package needed to avoid a default that could disrupt global markets.

 

But Friday night, the euro trimmed its profits against the dollar after Moody's downgraded Italy's credit rating and puts the country on possible further downgrade.

 

A separate report on Friday showed U.S. consumer sentiment deteriorated this month, although the size of future economic activity rose May, strengthening the image of the U.S. economic recovery is faltering.

 

On the New York Mercantile Exchange, July crude oil fell $ 1.94, or 2.04 percent, to settle at $ 93.01 a barrel, its lowest close since February 18 closing at $ 86.20. The highest intraday Friday is $ 95.40 and $ 91.84 in the 200-day average front-month crude oil moving at $ 92.22.

[mynameisandhy]

Oil sales drop to 4-Month Low Level

 

Monday, June 20, 2011

 

Crude futures had dropped 2% to 4-month lows related concerns Greece's debt crisis coupled with the poor U.S. economic growth will reduce demand for fuel.

 

Observed crude oil futures contract for July delivery traded at 91.75, down -1.35%, compared to Friday's closing last week at 92.49 levels.

 

Investors seem worried Greece defaults could drag the global economy back into recession, as a result prices return to levels of mid-February. Same price level before the chaos of civil war triggered price volatility Libya.

 

The IMF report also adds to the negative sentiment, after issuing a warning that the debt crisis, weak growth in Europe in conjunction with the U.S. under-estimated could threaten the global recovery. The IMF has cut its global growth forecast to 4.3% while U.S. growth was revised down to 2.5%. Revised growth projections under the U.S. Department of Energy so that the potential to reduce oil demand below previous expectations.

[mynameisandhy]

Greek debts Fears, Support Gold

 

Tuesday, June 21, 2011

 

Gold gains related to anxiety and uncertainty after the European officials only make a little progress to solve the problems of the Greek sovereign debt and delay further financial assistance.

 

Observed Gold contracts for June delivery traded at 1,543.00 per troy ounce, up 0.17%. After the results for 2-day meeting of European finance ministers in Luxembourg to suspend further aid to Greece, until at least released the results of parliamentary confidence vote in Greece.

 

Moreover, comments from the IMF increased the fear after mentioning that if the decision fails to take the strain can spread to other European regions and generate global financial turmoil.

 

Gold prices have climbed on concern the Greek, which potentially affected by default. Some market observers say even Greece could affect the default similar to the collapse of Lehman Brothers as of 2008, which triggered the global financial crisis.

[mynameisandhy]

Finally Fading Gold Value

 

Wednesday, June 22, 2011

 

SINGAPORE - Gold prices moved lower after the U.S. Federal Reserve meeting

can depress the value of the dollar. But the waning of fears that Greece's debt crisis

can affect the state kept investors refrain.

 

As quoted by Reuters on Wednesday (22/06/2011), in the spot market price of gold fell $ 1, 46 to USD1.544, 99 an ounce after earlier rising to exist at USD1.547, 90 on Tuesday (21 / 6 / 2011) which is the strongest since June 9. But that level is still below the highest level in history USD1.575 printed in in early May.

 

While silver prices stabilized at $ 36, 35 per ounce, still below the record high USD49, 51 per ounce in April.

 

The Greek government "attacked" by the vote of no confidence on the associated efforts to avoid a threatened default. Thousands of protesters also shouted insults outside the parliament.

 

But, in the vote, Prime Minister of Greece George Papandreou won a vote of confidence. This was seen as a first step to get out of Greece melilitnya crisis. This could pave the way for more help and also remove the source of global concern about bank exposure to the debt problems of the Euro Zone.

 

On the other hand, the Fed expected to cut its growth forecast for 2011, but Fed Chairman Ben Bernanke will probably continue to argue that the economic slowdown related to judged only temporary.