Lets talk about Ben and Yellen.... and also EURO....

Good Day!! Traders!!!

Here is some statistic on Unemployment Rate in Euro Zone & US issues…..just a short write up….

Recent developments in unemployment at a European and Member State level

Eurostat estimates that 26.588 million men and women in the EU-27, of whom 19.375 million were in the euro area (EA-17), were unemployed in April 2013. Compared with March 2013, the number of persons unemployed increased by 104.000 in the EU-27 and by 95.000 in the euro area. Compared with April 2012, unemployment rose by 1 673 000 in the EU-27 and by 1 644 000 in the euro area. The euro area seasonally-adjusted unemployment rate was 12.2 % in April 2013, up from 12.1 % in March, it was 11.2 % in April 2012.

The EU-27 unemployment rate was 11.0 % in April 2013, stable compared with March; it was 10.3 % in April 2012. Among the Member States, the lowest unemployment rates were recorded in Austria (4.9 %), Germany (5.4 %) and Luxembourg (5.6 %), and the highest rates in Greece (27.0 % in February), Spain (26.8 %) and Portugal (17.8 %).

Compared with a year ago, the unemployment rate increased in eighteen Member States and fell in nine. The highest increases were registered in Greece (21.9 % to 27.0 % between February 2012 and February 2013), Cyprus (11.2 % to 15.6 %), Spain (24.4 % to 26.8 %) and Portugal (15.4 % to 17.8 %). The largest decreases were observed in Latvia (15.5 % to 12.4 % between the first quarters of 2012 and 2013), Estonia (10.6 % to 8.7 % between March 2012 and March 2013) and Ireland (14.9 % to 13.5 %).

What About the Recent Comment from the former ECB council member:

THE MILLION DOLLAR QUESTIONS ARE THIS?

• Will ECB fight with other countries and be aggressive soon with their QE or more than QE?
• Will they also make their currency weaker so that they can competitive and increase employment rate?
• Recent rise of Euro is it good or bad for them?
• Will there be another CYPRUS soon in EURO ZONE; we all have forgotten about CYPRUS so fast….and this nightmare  is building up – this is my view….will there be sudden appearance of other EU group? 

WHAT IS HAPPENING IN THE US – CHANGE OF FED CHAIRMAN?

Well there is going to be some serious issues in the US 

• Tightening of monetary policies
• Rise of interest rate
• Inflation
• Unemployment Rate Change to less than 6%