Archive for January, 2010
Entering this May the problem of Greek debt crisis is still the main concern of public investors in the country where the ability to handle the crisis will become a benchmark in assessing the overall European economy.
Greek debt crisis has a sufficiently large dimension, where the fiscal problems of the country responded to the social frictions that increase negative sentiment for the possible recovery of the country in the near future.
With a total public debt of about 300 billion Euros and exacerbated by the country’s debt rating lowered causing fiscal problems of the Greek government to face a heavy burden.
Research Vibis Analyst from Vibiz Consulting revealed that related to the foregoing, the bail out of the European Union and the International Monetary Fund (IMF) is expected to provide positive sentiment on the economy of Europe.
Where it has the potential to strengthen the euro against other major currencies, where there is indication that the technical movements of the Euro in the range of support that is strong enough.
Euro Index on the trade this week, moving down approximately -0.22%, and the pattern of movement of the Euro showed a potentially defensive pattern continued with the strengthening of the index over the Euro.
Japanese Yen currency movements on these days was observed to tend to move higher against other major currencies, especially against the Euro, Pound Sterling and U.S. Dollars.
In the USD / JPY pair the back of Yen began to show potential muffled of U.S. Dollar rally against those currencies.
While against the Euro and pound sterling, yen tends to show a continuing pattern of pressure against the second yen currency.
The tendency of strengthening of the Yen in the second half of this year estimated the impact of the strengthening economic fundamentals of Japan signaled it along with the increasing optimism a global economic recovery.
Vibiznews analysts from Vibizconsulting suggested that Japan’s economic recovery is still a significant factor in the increased of investors optimism against the Yen.
In trading the currency pair USD / JPY last week after opening at around 93.07 yen has gained around 115 points, or around -1.24%.
As for the GBP / JPY Yen trading at around 143.65, which opened at the opening ceremony, continued with the strengthening yen around 310 points, or about -2.16%.
Similarly to the euro in pair EUR / JPY is trading at around 127.10 yen opened at the opening and has gained about 319 points, or about 2:51%.