News

Forex: GBP/USD jumps to daily highs after US data

Tue, Jan 03 2012, 15:23 GMT | FXstreet.com 

FXstreet.com (Córdoba) - The Cable received a boost and reached fresh daily highs after a report showed US manufacturing activity expanded more than expected in December, hitting a 6-month high.

GBP/USD rose toward a marginal new high of 1.5623 after the data, where the 200 EMA in 4-hour charts helped to cap the run. The cross is currently quoting around 1.5610, where it records a 100-pip or 0.6% gain on the day.

As for technical levels, if GBP/USD manages to overcome the 1.5625 area, next resistances could be found at 1.5680 and 1.5700, while supports on dips could be faced at 1.5600, 1.5550 and 1.5520.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=749f05d2-8ecd-453f-b022-b63c62721b9c

European Crisis

Lack of bailout deal will force Greece to exit the euro

Tue, Jan 3 2012, 14:47 GMT

 by  Katarzyna Komorowska  - FXstreet.com   |   View company's profile 

Pressure is mounting on Greece with the start of the new year as the country's government is aware that time for reaching a bailout deal with its international lenders is running out. A government spokesman warned in an interview for Sky TV on Tuesday that unless an agreement with the EU, IMF and the ECB is struck quickly, Athens will have to leave the Eurozone and then “the situation will be much worse.”

Until now neither Greece nor the EU took the country's exit from the euro under consideration, as it would lead to further crisis escalation in the area. However, in the face of lack of support for the harsh austerity measures, Greek officials have begun issuing warnings about the possibility of Greece leaving the Eurozone which would have disastrous consequences for the country.

Troika inspectors will visit Athens in mid-January in order to establish conditions for the next 130 billion euro bailout tranche. Before that Greece still needs to implement various public spending cuts and carry on with the privatization program.

Meanwhile, during the European morning, better than expected employment data from Germany (the unemployment rate fell to 6.8% in December, which is the lowest level registered since the unification of Germany) caused the euro to gain ground, reaching the 1.3045 area. 

 http://www.fxstreet.com/fundamental/market-view/european-crisis/2012/01/03/
Semoga bermanfaat khususnya para pencinta valas pada tanggal 3 Januari 2012

Tunggu berita selanjuntya.....