Week's market (13 Feb - 17 Feb)

Greek bailout issue has completely changed overall economic scenario in financial markets. The market mode for this week is going to remain in the bearish zone. Global financial markets are hurled into negative trend due to lack of mutual understanding among Greek’s political parties and Greek at the moment looks like as they would not be able to comply with conditional parameters required for the release of bailout package. The austerity measures taken by government have not been declared well enough to release their 130bn bailout package by lenders. The U.S retail sales have performed well in sustaining a growth in it’s’ economy and auto retail sector is playing an active part to boost retail sales figures for economic indicators. The unemployment rate is low and it is also a positive indicator for sustainable economic growth, resulting in consumer activity, which is initiating consumer spending to take economy into a positive zone.

Bank of England is going to increase its target of assets purchasing up to 510 billions in this week and the BOE also has a schedule to announce it’s economic and inflation forecast on 15 Feb. The inflation has been slowed down in U.K influenced by different economic factors. The French air workers are going on strike in this week against a bill which has already been passed by lower house.

EURO/USD The U.S labor market is performing well, but it is not going to play any part for dollar this week. The out look for the week is slightly bearish. Nothing is there in this week to halt this trend due to the presence of Greece debt issue, which has unstable financial markets.

USD/JPY The forecast for this week is to some extent, as the recent position of USD in the forex markets is going to stabilize its position against Japanese Yen.

More Articles:

More Articles:

1. Week's Market (6 Feb -10 Feb)
2. Week's Market (30 Jan - 3 Feb)
3. Week's market ( 30 Jan - 3 Feb)
4. Week's Market (6 Feb - 10 Feb)
5. Week's market (13 Feb - 17 Feb)