Fundamental Analysis
EUR
Greece will be forced to exit the Euro Zone in case it fails to agree with the EU, private bondholders and the IMF on the second bailout worth 130 billion euros, said Pantelis Kapsis, government's official. The country may default in case the deal is not concluded till March when the country has to make bond payments.
USD
The EU countries have to solve the debt crisis using their own efforts, said Mitt Romney, Republican U.S. presidential candidate. The US has an interest in preventing the Euro Zone's collapse but the major responsibility for avoiding the recession should remain on the EU leaders, he added.
GBP
UK manufacturing activity contracted in December but at lower rate than in previous months. The Markit/CIPS purchasing managers index increased to 49.6 from 47.7 in November. Analysts expected the PMI to approach 47.3 in December. The improvement is inspiring but, taken the pessimism over the Euro Zone's economy and weaker domestic demand, the prospects of the UK manufacturing remain uncertain, said David Noble, the CEO of Chartered Institute of Purchasing and Supply.
CHF
Swiss stocks (SMI) rose to their highest level since July as investors awaited a report that may show U.S. manufacturing expanded in December at the fastest pace in six months. Health-care companies led gains, with Roche Holding AG (ROG) and Novartis AG (NOVN) climbing more than 1 percent. Adecco SA (ADEN) jumped 3.1 percent after agreeing to buy Japan’s VSN Inc., a staffing- services company. UBS AG (UBSN) and Credit Suisse Group AG (CSGN), Switzerland’s largest lenders, added at least 2.2 percent.
JPY
Asian stocks (MXAPJ) rose, with a regional gauge heading for a three-week high, as manufacturing growth from Australia, China and India added to optimism the region’s economies will withstand Europe’s sovereign-debt crisis.
more details read other free forex signal sites and my other analisis
http://harshitha-cyberlife.blogspot.com/2012/01/forex-free-signal-20120103.html
No comments:
Post a Comment