Week's market ( 23 Jan - 27 Jan)

The global overall market behavior is going to be in a positive mode. The European markets are going to keep their track and no specific out break is expected this week, as major market portion has not ended the week in positive mode.
U.S markets have ended in a positive trend on Friday, for previous week, for third consecutive week. here is lot of activity is going to take place in this week as Apple, Yahoo, Netflix, Ford and McDonald's earning are expected with heavy earnings and two day Federal Reserve meeting is also scheduled in this week. The web giant Google has released its positive quarter report.
European markets have ended in negative trend on Friday, for previous week and this mood in trading is going to prolong this week. The investors are pulling out their money. The World Economic Forum is a major event for Europe in this week, which is going to be held on Wednesday.
Greece is near a technical default as officials meeting with private banks is in final stages. The banks are expected to lend Greece to assist economic revival. The Greece stock are up after this development.
The fast growing Canadian economy is now facing the downturn in housing sector. The government officials are yearning to sustain growth rate at present level and create more jobs.
In U.K inflation rates fallen significantly and in the December the inflation rate fell to 4.2% for the year. It will uplift the stressed living standards in United Kingdom.

EURO/USD
This pair is in a bearish channel and as soon as it will break its resistance level at 1.2980, there is a bullish rally awaited and forex market for this pair will move on. This pair’s forecast is neutral for this week.
USD/JPY
As us economy figures are shining and there is no major negative news in the market for Japanese economy, the forecast for this pair in this week is going to remain bullish.

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