Week's Market (6 Feb -10 Feb)

The bulls are charging. The global growth rate is performing well in the start of this year and January has gone well, by breaking the ice in global scenario. The JPMorgan has released positive growth figures in global services and manufacturing sectors.  The world economies are entering into a positive mode with the release of outstanding U.S job data and some positive news in the Euro Zone.  This year’s first month has projected a positive financial indication for investors and economies.

The U.S job sector has performed well and contributing a major part in keeping the economy ongoing with positive lines. The unemployment rate in America has gown down to 8.3% more than it was being expected.  There are other sectors to which a positive growth is being reflected, that are leisure and hospitality, business services, and manufacturing.

Greece government is optimistic about gaining support from opposition parties for expected economic reforms demanded by IMF and EU. The repayment of loan, which is 14.4bn euro, is scheduled at 20 March and pressure is going to build on their side as scheduled meeting for approving next bailout.

Chinese mining sector is expecting a 20% increase in profits for 2011. The Japanese car markers are also expecting sales growth for their new models.

The housing sector in U.K is facing a slow growth and the growth in this sector has slowed down to 0.6 percent.

EURO/USD

We predict a positive forecast for this currency pair. This pair has touched its high points in early weeks but positive data for U.S job sector is going to thrill the markets. So in this situation we are quite sure about positive market moves in this week. There are positive as well as negative indicators in the market.

USD/JPY

The bullish activity is prevailing in this week for this pair in the market and it would probably enter into the next week, with positive news arriving in the market.

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