EU: High Unemployment ' Representing ' Europe Pereknomian

Monexnews-European zone's economy will shrink for the second year by 2013, driven by high rates of unemployment as the Government, consumers and companies are limiting its expenditure, said the European Commission.

The GDP of the 17-country European zone will go down by as much as 0.3 percent this year, worse than its previous forecast in November that said it would grow by 0.1 percent, said the European Commission on this day. The unemployment rate surged to 12.2 percent will, up from the previous estimate of 11.8 percent and the previous year at 11.4 percent, they said.

"The labour market is a serious problem", said Marco Buti, head of the Ministry's Economic Commission in his statement. " It has serious social consequences and it will happen, if the unemployment rate became entrenched problems, because it can also overload the perspective of growth in the future. "

The European zone of helplessness due to fragile public finances and banking rentannya, said Buti. Weak economy as opposed to recovering financial markets, along with the States, banks and households continue to improve their balance sheets and suspended new requests.

(fsyl)

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Comment Back Japan Officials ' Representing ' The Yen

Monexnews-Yen weakened to its lowest level since May 2010 against the dollar as Japan officials hinted their commitment to policies that could lead the yen depreciate.

Japan's currency skidded against all major currencies after Japan's economy Minister Akira Amari said that the Government should stick with its efforts to boost the stock price.

The Yen fell for the first time in four days against the euro after the Asian Development Bank President Haruhiko Kuroda, who nerupakan a potentially candidate to be Chairman of the central bank, showed that he was in favor of monetary stimulus.

"The trend of a weakening of the Yen is still quite solid," said Ian Standard, currency analyst at Morgan Stanley. Comments from the market perception of Amari reinforce that Japan is determined to put its policies to bring the economy out of deflation. "

(fsyl)

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' Representing ' Golden Dollar

Monexnews-Gold weakened in the New York session, pressured by the strengthening US dollar, which successfully undermined the appeal of commodities. Euro seen trouble maintaining reinforcement over unclear if Cyprus will get the approval of the bailout Fund at a meeting of Eurogroup which takes place today. The Yen is weakening after Haruhiko Kuroda, one of the candidates of the BoJ's monetary easing, supporting further. Sterling weakened due to the emergence of concern over the desire for independence from Scotland United Kingdom Kingdom. Aussie weakens after data showed the decline in approval of the credit channeling housing in Australia. XAU/USD is now traded away from the high level of 1648, daily 1669. (fr)

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The Negative Data ' Representing ' Aussie

Monexnews-home loan approvals data Release Australia showed a negative result since the end of 2010, last-1.5% for the month of December and revised retroactively to-0.7% from-0.3%. While Asian markets closed for public holidays, the Aussie is still moving flat since the closure last week. The exchange rate away from the low level in Aussie 1.0306 and under high current levels in 1.0323. Aussie is currently at 1.0312.

Valeria Bednarik, Chief Analyst of Fxstreet.com notes mention "hourly Graph showing the price under 20 HIGH SCHOOL while moving in the range of indicators midlines." "The 4 hour chart shows a potential bearish Aussie looks at a price under 20 HIGH SCHOOL. Level will be level 1.0260 strong support. Selling below the price pressure that would encourage further weakening, "explains Valeria.

The next support Level at 1.0300, 1.0260 and 1.0220, while resistance level at 1.0370 1.0330, and 1.0410.

(din)

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