According to the report presented by the Challenger, Gray the US planned to dropped layoff early makes a fall of 65 percent in the month of May where as eurozone PPI rises to 0.9 percent mom. Aussie GDP reaches to a high of 0.5 percent qoq and 2.7 percent yoy in the first quarter of this year that is 2010. While Swiss retail sales rises to 1.3 percent yoy in the month of April. Monetary base roses to 3.7 percent yoy in the end of the may month. Although the Japan currency is not going as good because of the political uncertainity where as apart from this the US currency is gaining as the demand of risky assets rose.

We have seen that the currency pair USD/JPY reaches to the high level of 92.36 first time after the eigteenth of may where as the currency pair EUR/JPY reaches to 113 level as anticipated in the market after the recovery of the US labor market. In the market rumuors are going on about the next leader of Japan that was expected to the current finance minster will take the vacant position of the Prime Minster of Japan that ultimately leads the Yen currency to lag behind in the market from some past days. Th finance minister of Jpana suggested the BOJ to do not look steady at the market try to fight against the deflation to stop it. While rise is seen in the Asia Pacific of 2.4 percent and the Nikkie embedded the goodness in the stocks by rising 2.46 percent more. The stocks seems to be rebound and also triggers the risk appetite because of the japanese investors amendment foriegn bond net purchases to the most expected till the month of September.

There was a advancement shown in the currency pair of AUD/USD that seems to be rises to 0.5 percent and the currency pair NZS/USD rises to 0.4 percent in the consecutive second day at the Forex market. This is all due to the strong economic data that comes from US while the Aussie demands for the risk appetite. Where as the trade balance of the Australian trade adds the surplus in the month of April as there was a high jump shown in the iron ore exports that is of 25 percent more from the past, coal shipments rises to 40 percent more where as the exports also rises to 11 percent as comapred to the April month. RBA has forecasted that the boom of Asia srocks may lag the Australias’s trade in the coming time.

The currency pair EUR/USD seems to be in good path as it seems to be rises from 1.2111 to 1.2281 on first june. It gets the support from the stocks rise in the starting of this month. While as about the US economy it was predicted yesterday that the US comapnies are ready to launch 70,000 jobs as the intial jobless came fells to 455,000 from the previous 460,000. In this week there was a meet fixed between the Finance minsters with central bankers of G20 in Bussan that was in South Korea which decides about the current situation of EURO debt crisis. The currencty finance minster of Japan mentioned in his one of the interview that the european debt crisis leads an adverse effect on the Global economic growth of the country merely because of the leading trading countries that is China, india and Brazil are still ready to fight against the deflation as they are robust enough.

There was a rebound is seen in the DOW and crude oil after the mid-day that is the DOW drops-down to 10038 level where as the crude oil seems to fall to the 71.64 level. USD index got the resistance at the level of 87.46 where as it rebounds after reaching the low of 86.5. Sterling was the biggest hit of Yesterday as it reaches to the highest level because of the fall of the Asian AIG Prudential’s takeover. This news not only boosted the Sterling but it also favors the UK stocks as the rise is also seen in the stocks. The UK rise also supports the pound. As we have noticed from the past 16 years PMI manufacturing data remains unchanged from the high level of 58. There was a rise in home prices of 8.5 percent is shown in this year earlier and it is also said by the experts of the market that it is the first time from the past September 2007 a fastest pace is seen in the home prices.

EURO gets a hit in early yesterday as the ECB presents its financial report which acknowledges that the banks are already made a significant improvements as per their financial condition. But still there are 2 important factors that may hurts the financial stability of the market. The first factor is the intensification of public finances and second is the possibility of the obstinate between the public finances and financial sector. These two factors is expected to cause a disorder in the financial situation of the market. Unemployment rate of euro zone countries seems to rise up by 12 year high where as Germany unemployment falls to 7.7 percent in the month of May. While there is a rebound shown by the euro after getting support from the stocks.

Bank of Canada rises the rate yesterday from 25 bps to 0.5 percent as it was the first G7 Central bank that have tighten their policies after the recession period. As this was expected by the market earlier times. The euro zone debt crisis leads to the uncertainty in the market but we have to remain cautious about the Global economic market after the rate hike of 0.5 percent. In early times the RBA makes the decision to hold its rate hike because of the continuous fall of euro currency due to the sovereign debt crisis. RBA only mentioned that the current monetary policies are decorous can bring rate hikes to an average situation. RBA has taken a “pause” from the May month but at that time it was predicted that it will give some good results for June hike but after observing the current situation the RBA again takes a decision for a pause in rate hike.

Dollar index sharp rebound of yesterday suggested that the combinations are still in the progress to reach a high of 87.46. The investors are still expecting the resistance hold at the level 87.46 and expected to again reach the high of 89.62 that was the high of 2009 year. GBP/CAD also rebounds and reaches the level of 1.4831 is now resuming. This rise is seen in the currency pair due to the strength gained by the Canadian Dollar and the support given to the pound from the stocks. These all things supported the currency pairs to rebound from their lows and reaches to the high position in the Forex market.

GDP growth rate rises up to six percent that is beyond the expectations of annualized rate. As we have noticed that it grows up to 0.6 percent in the month of March as compared to the Feb. growth rate that is of only 0.3 percent.

It was anticipated in the market that the Canadian Dollar is expected to rise up until the meet of BOC members that will be held today. The market is expecting that the BOC will be the first G7 Central bank that begin the tightening in the market.

Fed will hope to “maintain its accommodate policies of exit” as mentioned specifically by the Fed Chairman Bernanke in mid term of this year. But it is also correct that timing of exit may differ in the countries as their economic conditions may vary among different countries.

The major question that is still in the mind of the EU members are “how the euro zone debt crisis ends will affect the economy of the country that will persist the fact that how to respond” is specified by the Philly Fed Plosser. Since some members was expecting that the economic debt crisis will embed uncertainty in the outlook of the economy.

In May month there was a sudden growth seen in the PMI of Japan and it reaches to 54.7 percent. The industrial production in Japan leads to grow up at the rate of 1.3 percent mom where as it was 25.9 percent yoy in April month.

There was a drop also shown in terms of economic confidence and services confidence that is of 98.4 in the month of may and services dropped up to level three. While there was a drop down also noticed in the euro zone M3 money that is 0.1 percent yoy in the month of may.

Since October 2009 it is seen that the RBA has taken meeting up to 6 times and still it is seen that the RBA will keep their rate unchanged from 4.5 percent.

There are some factors hat suggests the hold of Central bank that is it includes recent development in macro-economic developments along with euro zone economic debt crisis and its impacts on the Global world economy outlook that ultimately heightens the risk aversion and also a mild impact on the moderation of the economic data of Australia.

he European debt crisis embedded uncertainty in the outlook of the Global economy- said by the Chicago Fed Evans and after this if the Fed government decides to keep the price rate low for some extent then it will not make any wonder among the minsters.

If we look at the commodity prices of japan then it seems that it was doing little bit good recovery as compared to other nations that its PMI growth rate is 54.7 percent in the month of May. While the increase is shown in the Industrial production and rises to 1.3 percent mom in May.

The relative strength of the currency pair of AUD and CAD will be determined after the decision of the BOC and RBA minutes that seems to crucial for this week. As we have seen that there is a recovery seen in the currency pair of AUD/CAD after a low of 0.8645.

There will be a further recovery expected in the currency pair of EUR/JPY which was at the tight range today for four hours but it gets recovered around 38.2 percent. It was anticipated in the market that further recovery seems as a correction in the huge down trend in the euro currency pairs.

At last it was only said that the further extent is seen in the Canadian Dollar after the stronger economic data release and now how long will it go to is still a doubtful case fo the investors. BOC minutes will decide in the today’s meeting about the “pause” will continue or they will change the interest rate now for the June hike.

We all heard about the latest news that Fitch has cut the Spain’s rating in the market from AAA to AA+ because of this On Friday there was a sharp fall noticed in the common currency which closes low at the end of past Forex session. Fitch also mentioned the fact that the Spanish economy get reduced because of the adjustments in the lower level of private sector along with external indebtedness. Euro zone nations still worried about the economic recovery after the recent downgrade in the Spain. The concerns about the recovery of austerity measures also added to the part of euro zone concerns about fiscal health. Ultimately these concerns impact on Euro and it shows a drop-down against the Aussie of 4.19 percent where as it drops to 2.83 percent against the Canadian Dollar. The Fitch assigned an stable outlook to the Spain by cutting its rating.

In June month there will be considered a two important developments will get the main focus that is first one is the development seen in the stocks. In last week there was a break out seen in the DOW even though it touches the low of Feb. in some past days. The buying of stocks leads to the rise again at the end of week. Where as the rise in CRB stocks are also shown and leads it to the level above 258. The recoveries was over as argues after the Friday’s sell-off and seems to be looked corrective as anticipated by the market experts. There are major events are scheduled by Canada and Australia as they may discuss about the crucial factors that is whether commodity currencies will be steady for long term or not. The market is still expecting a hike from the BOC even though it seems to be in volatile state as the Forex market.

In this week the market main focuses on rate hike of BOC since, the market were pricing only forty percent at only one point where as 25 bps rate hike in terms of BOC as anticipated for this week in the market. But it is seen that OECD has taken an strict action against the BOC and ordered them to remove all the policies that leads the investors to increment their betting as the stocks gets rebounded in past week. Therefore, at the end of the week it is noticed that market gets only a seventy percent rate hike since we all know that BOC rate hike is not a done deal in the market. It is seen that there was a recovery seen in the past week in the Canadian Dollar against the major currencies and commodities of the market. The market experts anticipated that the US and UK market is to be returned on Monday or Tuesday so traders have to be cautious while trading in the market.

In this week it was predicted that RBA may take meeting for giving details about the minutes of there “pause” taken in the month of may. There were seven meetings taken by the banks and issued the borrowing cost raising up to six times. Although this was expected from the starting of the May month before the intensification of the Euro zone financial crisis and also before the fall of the stock market. There was also a fall seen in the Australian market after fourth of May to 4194 from the high of 4753 index level. It seems to be a 12 percent low but again shows a rebound at the end of the month and reaches to 4479 level. But it is still at a low of 11 percent as compared to a high level of 5048 in the month of April. Overall it is expected in the market for a June hike that RBA should take a move that will ignore the previous statements of RBA, so is Aussie.

Asian stocks trades seems to be higher than Nikkei and reaches up to 1.23 percent high but still below the 10000 level in the market. There was a further recovery seen in the Crude Oil where as the gold seems to be still holding the position above 1210. The EURO becomes the lower currency of this week but it still maintains it level above 1.2143 versus Dollar as seen in the overnight decline. The US equities seems to be revised above the 3.5 percent as expected annualized growth in the market where as the price index expected to rise up at 0.9 percent and core PCE expected to rose 0.6 percent respectively. There was a overnight recovery noticed in the USD currency due to the EURO weakness. But the Dollar index is still seems to be in low below the high of 87.46.

On Thursday Forex session the stocks gets the rise in the market due to which the US Dollar and Japanese Yen selling will seems to be low in the market. Because of this in the late Forex session both the currency fall down against the stocks. Th main cause of Yen falling is the expanded investors carry trades in the market. Since we have noticed that the US economy revised to 3.0 percent in the first quarter of 2010 year while the exports in Japan seems to be rose strongly in the Q1 session. Despite the weakness in the US retails trends there was still a rise seen in the Sterling currency. As the crude oil gets the price rise of 4 percent and commodity prices reached high there was a sudden rise seen in the Australian and Canadian Dollars. The EURO got advanced after the China’s administration of Forex which eventually manages the $ 2.4 trillion of currency foreign exchange mentioned that- China’s exchange reserves is always invested by the Europe the major investor market of China.

As we have seen that the US GDP growth rate received a third consecutive quarterly expansion of 3.0 percent after going through the lead rate of 5.6 percent in the fourth quarter of the past year 2009. The positive consolidations of the GDP growth rate was business equipments, new inventories along with personal consumption where as the weakest point was the commercial construction, net export rate and non other than government spending. These all factors affects the growth rate of US GDP in the first quarter of the current year 2010. The price index of GDP receives 1.0 percent hike in Q1 as compared to the past year q4 GDP price index which was only 0.5 percent that’s why the market expected a price index rate of 0.9 percent in the first quarter.

US jobless claims was seems to be less than anticipated after the MAY 22 which was 14000-460,000 as compared from the past week job-less claims that got a hike of 474,000. Where as there was a hike seen in the consumer price index in the 3 increase in the four consecutive month and leads to 0.1 percent. Th UK retail sales seems to be in negative in the graph since March 2009 and now fall to 18 percent down in the month of May where as it was at 13 percent down in the month of April. While employment level shows a increase in Switzerland up to the modest growth rate of 0.1 percent.

Since we have seen that the US stocks are unable to steady at the earlier gains show in the US session and falls back in Yesterday trading still after this USD currency and Japanese Yen are trying for the better approach to take lead in the Forex market. As we have noticed that in early US session the stocks are leading the market due to the strong economic growth. The jump of 14.8 percent in the month of April was noticed in the US home sales that rises to 504 k and leads the annualized rate to two year high.

April month was good for the durable goods that is it leads to a growth of 2.9 percent. Although there was drop down seen in the ex-transport order. Investors are in dilemma for buying the Dow as it seen that it has faced a strong resistance at the 10200 level which ultimately leads to the fall of the low below the 10000 level at the end of the forex online session yesterday. It drops down to 0.7 percent in the whole day and reaches to 9975 level.

The warning is given to euro zone countries along with other countries that they have to reconcile support for reaching to some stable and sustainable fiscal path said by the Organization for Economic Co-Operation and Development. It is also mentioned by the organization that due to the sovereign financial crisis the euro zone strength is in high demand otherwise it may a chance that Global economy has to face a double dip recession very soon.

The organization ordered Japan to make a credible budget plan to measure the spending. as we know that UK is facing a weak fiscal consolidations therefore it has given advised to make a strong move to strengthen their fiscal position in the market. The market anticipated the growth of Global economy in this year is up to 4.6 percent. The significant rise in risk is noticed in bond yields. Although it was seen that the OECD remains optimistic about the growth of Global economy in the market.

After April 30 meet the BOJ has released minutes Yesterday. The minutes contains the views of the members of the meet that all agreed for the same thing that the “economic global growth foundations should be strengthened”. Some members also shows their concerns in terms of the side effects of the easing in the market which ultimately impacts on the financial condition if there was a fall seen in the profit of the bank in terms of interest rate.

Now about the strengths and recoveries seen in the Yesterday’s Forex session. First of all about the US major currency Dollar. There was a recovery shown by the Dollar in the late Forex session as it reaches to 86.33 level but the up gradation in Dollar is still limited at the level below 87.46 high. We cannot deny the rise seen in the dollar but it is also the truth it is not equal to other major currencies of the market. The fall of US stocks Dow also strengthen the rise of Dollar since it is the truth that the risk sentiments are the major driver in the Forex market.

Now the latest update about the euro currency as it we have seen that there is no change noticed in the weak euro currency instead there is a sharp fall in the currency pair EUR/GBP. The whole fall seems to be resumed at the level of 0.9317. EUR/CHF is also seems to be rebound on the last week’s way for reaching a high of 1.45867 again. But there is a possibility of intervention is also seen near the level of 1.40 in the currency pair. That’s all about the latest about the Forex market.

In yesterday’s Forex session Global stocks tumbles down and there is rise seen in the USD currency and Japanese Yen. The fall of Global stock market is due to the Spain’s banking concerns and Korean currency drop-down. The investors are so much worried about the Spain concerns since it may rise the debt crisis in European countries. The four Spanish bank had submitted a proposal to the Central Bank of Spain to merge their business. This causes the major European index to fall that is FTSE is down to 2.21 percent where as DAX falls to 2.34 low and CAC drops down to 2.9 percent.

Yesterday there was a great fall shown in the Asian stock market due to the Korean fall impacts. While the Dow and S&P shows a rise in the last session of forex to maintain its rebound after breaching to the low of Feb month. The Dow index again rebounds to reach above the 10000 at 10043 and is now just down to only 22.9 percent only from the past high. Dow may be rebounds to Feb’s low until it touches a high of 12000.

There is a sharp fall is seen in the Dollar index yesterday that is USD unable to break through the 87 level and drops down. There was a recovery seen in the currency pair of EUR/USD and reaches to level of 1.2671 where as GBP/USD rises to 1.4527 high along with the recovery of AUD/USD to 0.8363 level. Crude oil tumbles further to the level below 67 while Gold remains steady at 1190 level in the Asian market. US equities open at low level to provide an additional support to the USD currency and Japanese Yen.

EUR/JPY pair reaches to a low level at 109.32 point in the Forex online market along with the currency pair AUD/JPY that dives to 72.04 low level but this does not impact on the major currency of Japan that is Yen. As we have seen that Japan’s currency Yen is still in upward position in the market and may rise to high level in the coming Forex session. The currency pair NWZ/JPY again drops this week as compared to the last week’s session. Where as there is some rise shown by the CAD/JPY to regain the past high of 94.46 level. But, it can be said that the currency pair remains bearish although the resistance holds at 85.86 level.

As the banking problem in Spain is the highest priority concern among the market investors because this will lead the European currency to wide spread in the Global economic market which impacts the economic recovery of the market. IMF warned the Spain’s bank about the consolidations remains low then the Spanish banks have to get prepared otherwise the financial trouble will lead the bank into an intervention.

BOE policy makers specified the fact about the Japanese economy that it faced the same condition as the UK and US economy is facing today and it may lead to the recessionary condition due to the small policy making mistakes. But the Posen also specified that one major problem that was not faced by the Japan’s economy in their recession time was that the poor demand of external prospects along with the productive resource reallocation need.

The euro zone countries again facing the same problem as faced by the last two weeks since the EUR/JPY currency pair falls to 109 level had confirmed the resume of downtrend. The upside break in the currency pair leads to the bullish convergence condition. Although we are expecting a strong support at the level below 2000 in the major currency pair of Japan.

Despite the announcement of GBP 6 billion spending cutting the Sterling currency is trading in mixed range. This includes the budget cost cutting along with the freezing of public sector services and civil services recruitment, cost cutting on expenses of technology, advertising and travel. The Chancellor Osborne said that- the 500 million pounds cost cutting will results in number of useful projects growth. It can be predicted that this year the savings will contribute to the cost cutting deficit. In overnight trading it is seen that the Stock market also results in a low although it is standing straight within 3 months dollar OIS spread results in 25 basis point after nine months high.

There is a sharp low line graph is seen in the chart of the currency pair EUR/AUD and reaches to a rift of 1.49 level. There is drop-down shown at the level of 1.5455 which is said as a correction and there is a also a strong support anticipated from 55 days of EMA to remain in the downside trend. It was anticipated that there will be a rise seen towards 50 percent retraced at 1.6013. Canadian Dollar is on recovery side today but crude oil is still breaching at below level 70. There is a consolidation shown by USD and Japanese Yen versus major currencies since stabilization is shown by currencies risk sentiments. USD/CAD’s currency pair drop-down to 1.078 level that ultimately helps the Canadian dollar to sell-off in the downside. AUD/CAD currency pair is also shows drop-down although it is supporting Loonie in general terms. GBP/CAd is still trading below the medium trend falling trend line and 55 days of EMA.

There is a rise in the opening session of Forex in European stocks today. The stocks high will provide support to risks which will lead to forex market consolidations. We hear the news of the BoC market that it will announce the interest rate hike on first June as anticipated by the market. Now it can be said about the currencies growth rate is mainly dependent on the Boc hike. CAD/JPY is still weak although it recovers from the past week’s sharp fall. The currency pair is still in the bearish trend even though the market holds a 86.26 minor resistance. In USD chart it is seen that some support is seen around 55 EMA in four hours. There was a break out shown by the currency pair EUR/GBP at 0.8618 level. If it break of at 0.8427 level then it will confirm the decline resumption.

In Asia there is a fall is shown in the EURO currency tumbles down to 1.2385 from 1.2370 level. This is due to the move in Bank of Spain also some austerity programs supported that has been launched in order to provide support to weaker euro zone’s member countries to get recover from the debt crisis. There was a big fall in EURO currency pair that is EUR/JPY is shown that is of 110.10 points. AUD/JPY falls to 73.50 from the 74 level and also a drop down shown in the USD/JPY to 90 level.

Overall it can be said that market is still in the consolidation state and there is a risk shown in the Dollar and Yen sell-off. The euro fall is limited to some extent as predicted in the Forex market. Due to solid economic data out in the US the Dollar gets the safe side flow and there is a dynamic move shown by the Gold in Asian market. These are all the latest update about the Forex market till now.

The intensification of risk aversion was the another important development shown in the market. As we have seen that the S&P was reached below the intraday low that is to the sixth of May panic selling. The crude oil tubles down the past week below the 70 level in the whole week. There was a sharp fall seen in the Aussie dollars that is it falls to 9.29 percent below where as there was a rise of 7.57 percent is shown in the EUR/AUD currency pair. Since this is due to the small rise in the euro currency in last week. The fall of currency pair AUD/USD to 6.29 percent. After the fall of Australian and Canadian Dollar, the RBA “pause” in June is confirmed and it the market aspirants are anticipating that the RBA pause is for the whole year.

Recent stock market weakness will also impacts the BOC’s June hike, there was a possibility of cutting costs is increasing day-by-day. The past Friday’s rebound in stock results in a contention of selling of stocks and also it was predicted about the combinations currency pair. In past week the economic data also not come up with any good news in the market. In US market there was seen a rise of jobless claims to 471K. After seeing this the market understands that the recovery in job market is still in weak point. There was a supress in inflation is shown due to the fact that the CPI results in moderated 2.2 perecnt yoy in the month of April along with the core CPI 0.9 percent dow yoy. Now the results about the manufacturing data outlook in US that was a jiffy mixed with Empire state index and fall sharply to 19.1 percent in the May month. Where as there was a recovery of 21.4 percent is shown in the Philly Fed index and a mixed outlook was seen in the housing data in past week.

Now the weekly outlook of Euro zone countires where a sharo fall is shown in the month of May in ZEW due to the financial crisis the investors lose their confidence in the currency investment. There was a decline shown in the quality in the climate of Ifo business. While the PMI services is still in strong phase of the market and it was anticipated that the PMI manufacturing will look ahead for the expansion in May. While UK CPI increased abruptly beyond the market expectations and reached to the 3.7 percent in April month. The good results shown in the Public sector borrowing and the fact is clear that the market focus is fixed on the emergency budget plan that will be announced in the month of June.

In Canada, the economic data is shown strong than expected along with CPI and results a high of 1.8 percent yoy in the April month. The retail sales results in 2.1 percent in the month of March that impressed the market and results in gain of USD/CAD’s rise to 1.078 level. There was a fall shown in the S&P where as Dow managed its level. On Friday, there was a strong rebound is shown that results in temporary bottom in the EURO currency but it was expected that in this week recovery is shown in the stock market while the overall market remains clumsy and unchanged in this whole week.

Today, we can say about US and European countries that policymakers are expecting more for both the countries but due o low inflation rate to maintain a new economic structure is still difficult. As in this week we have seen that job growth is still in the state of non-existent and credit growth is also moderate while there is a fall is shown in housing recovery. In terms of economy there are two factors that leads to inflation are the fall in building permits along with the housing income growth is also limited. The intermediate goods have shown growth of 5.6 percent as compared from the past year. Due to improving Global demand there was a hike in prices of commodities is shown. However it can be said that Asian market is well stabilized instead the Europe has shown the instability in their economy and captures the attention of the investors.

There was a positive outcome shown in the Japan’s economy since the fourth quarter of past year and the expectations of investors becomes high but in the current year the GDP growth is only 3.9 percent only despite the fact that that the experts after seeing growth in q4 was expecting a high rate in GDP. But it can be said that about the economy of Japan that there was a growth rate shown in the exports and Japan’s government is now making plans to invest more capital for buying latest equipments to improve the outcomes from the manufacturing companies. It was predicted about the Japan’s economy that it will be accelerated to nearly 3.4 percent before getting in the pause state of 1.8 percent in the year 2011. Taiwan’s economy rate added further heft in the strong Asian economy by leading to 13.27 percent high from the past year’s growth. It can be said that the Asian market will lead to be a good base for the Global economic recovery this year.

Now about the US market which leads to hike results in euro currency deficits. The rise of USD dumps the prices of commodities and equities in US. There was a second largest inflow is shown in the US financial assets as the foreign investors invested their $ 100 in buying treasury securities in the month of March. It was fore-casted about the Treasury that it will be at low of 4 percent at the year’s end. Since beyond the major problems in US financial conditions there will be a return game is played after the investment. The main driving factor that leads to the US dollars to high is the drop down of EURO currency. It can be predicted that the Fed government can take measures to increment the fund rates in this year.

Now looking ahead for the next week forex session it can be said that the inference of number of financial data’s that are released yesterday will lead some instability in the market. Since EU finance ministers are set to meet yesterday for discussing about the euro zone countries financial matter and economic recovery measures. German Finance minster has presented a plan that include the measures taken for budget cuts and also the cost cutting along with the penalties for the countries that not follow rules and regulations. BOJ has decided to unchanged their interest rate that is to be 0.1 percent after seeing the GDP growth rate of Japan. Dollar index is seen to be snugged at the short term rate of 87.6. There was a high shown in EUR/CHF after the gain of EURO currency from 1.2150 to 1.2644 points. The coming week mainly focuses on German info, UK public sector current borrowing and lastly the euro zone PMI’s.