Germany speculated to pass vote of Bailout Fund

Thursday, 29 September 2011 12:00

German Unemployment Change was released, measuring the change in the number of jobless people during the previous month.  The number of unemployed people in September declined even further, for the 27th month.  Unemployment changed declined by 26,000, much better than -9,000 forecasted.  Previous unemployment change stood at -9,000.

German votes on the debt plan are to be released in less than one hour, and prior to the votes the Euro rose on Speculation that it's going to pass the vote.  EURUSD is currently trading between the range of 1.3648 to 1.3654 waiting for a break on the debt fund vote.

Romano Prodi spoke to the cameras earlier today and pointed that 'Greek default is no advantage to anybody.'