Greek parliament has approved a budget and pension cut to meet the demand from creditors. Greece need to reform their financial structure in order to secure the EUR 130 bilion loan, as agreed in the European summit last week.
Chancellor Angela Merkel won the vote at German parliament, to aid Greek from its debt problem. Merkel also warned the parliamentary, if Greece left out the Euro, it would be causing big damage. 496 members of the house supports the 130 billion Euro package and 90 others vote against it.
ZuluTrade’s Forex Cruise Control has gained 246 pips while February is nearly ending. A stable performance through this month and still a reasonable low drawdown.
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USD/IDR Hits 9,180
USD/IDR hits 9,180 on continuing concern of the fuel price hike planned by Indonesian government at April 2012. Foreign investors are also reducing their assets in Indonesia, causing Indonesian Rupiah to weaken.
Index Pending Home Sales meningkat 2% pada Januari 2012, yang mana sebelumnya telah mencapai angka 97 pada Desember 2011 yang lalu.