Thursday, December 29, 2011

Forex Free Siganal ( 2012/12/30 Overview)

Fundamental Analysis

EUR

Germany's inflation rate decreased in December as European region's sovereign debt turmoil is hurting economic expansion. The inflation rate fell from 2.8% in November to 2.4% in current month. The reading matches economists' expectations. Euro area countries are facing severe spending cuts to reduce debt which hampers growth and as a result, the inflation, said Marina Luetje, Dekabank's economist.

USD
In US the number of people applied for unemployment benefits jumped more than expected last week. The number of residents, filing the application for jobless benefits reached 381,000, adding 15,000 on a seasonally adjusted basis. Experts predicted the figure to approach 370,000. Despite increase in claims, the figure is still below 400,000, indicating improving situation in the labour market.

GBP
The euro weakened against all 16 of its major peers except for the British pound and Danish krone. The pound decreased against all 16 peers, while the dollar strengthened against 13 of 16 after the ECB balance sheet expanded to record amid the debt crisis woes.

CHF
Swiss stocks (SMI) declined as concern that the euro-area debt crisis will deepen outweighed an easing of borrowing costs for Italy at a bond auction. The Swiss Market Index, a measure of the biggest and most actively traded companies, fell 0.3 percent to 5,875.16 as of 11:58 a.m. in Zurich. The gauge is headed for an 8.7 percent decline in 2011, its worst annual performance since 2008. The broader Swiss Performance Index lost 0.2 percent today.

JPY

On Thursday Japan's Nikkei Stock Average fell 0.29% or 24.73 points and closed at 8,398.89 as export dependent companies tumbled on European anxiety. Japan's technology exporters were the main losers in Tokyo, affected by the drop in the European common currency against the Japanese Yen. Sharp Corp. declined 3.2%, Casio Computer Co. traded down 2.7% while Advantest Corp. decreased 1.1%. Equities of Elpida Memory Inc. lost 5.1% on news that its loan repayment to government may delay.


If you are forex trader use this Analisis and http://harshitha-cyberlife.blogspot.com/2011/12/free-forex-signal-20121229-forex.html

Every time use forex news from new site,reffer every FOREX relalated Site.

If you need Conatact Me earhba@gmail.com




No comments:

Post a Comment