Daily Fundamantal Report 19.2.2009

Federal Reserve Bank issued the day the record of the meeting of the Federal Open final, which the Committee of which he installed in the region of interest rates between 0.25% and zero%, which they nicknamed the target area, and the bank said on announcing the stabilization of interest rates it provides for the purchase of the same long-term treasury bonds to support the lending and the U.S. economy. At the same time, the expectations of the Bank continues to indicate that the recovery in the U.S. economy will gradually later this year, but risks remain high downward largely on the outlook for economic growth
Expectations of the Committee to indicate that economic conditions will deteriorate further this year before returning to the top again, and has become expected that the U.S. economy will shrink this year between 0.5% and 1.3% before starting to recover again in 2010, which prospects are related indicates that the growth will range during the year between 2.5% and 3.3%. It is also expected to have high levels of unemployment during the current year to reach between 8.5% and 8.8% before it starts again in moderation
This was announced by Mr. Barak Obama on the program is estimated at $ 75.0 billion includes the deduction of mortgage payments to homeowners defaulting and the program is working to reduce the incidence of the seizure of the house by giving
Freddie Mac and Fannie Mae play a greater role for the companies than ever before
And we have Mr. Bernanke from Federal Reserve chairman, with clearer outlook on the levels of inflation in the long term will enable policy makers Committee Federal Open the control and control of the expectations of citizens and investors for inflation and therefore be able to squint from rising and declining levels of inflation Actual
The European economy is the absence of economic stability and it is already the economic data that have emerged today indicate that the European economy has already become a threat from the effects of internal. But what makes me optimistic is little data on the European banks, including the results better than expectations, which makes the situation in the European economy is now well, to some extent if the measurement has been the impact of the housing market and the stagnation of European enterprises on the economy by launching himself from the credit crisis at home. Perhaps this discussion was premature to follow the performance of the European housing market and economic trends and link the credit crisis, but it does not need to put this option in mind also that we learned in the international credit crisis is only the evolution of the stagnation of the U.S. housing market.
Very little information today, and continue our journey with the European economy and in the wait for further economic data that may change the course of the economy at any moment some improvement or to continue to point to the weakness of the European economy as it is now.
And direction to the currency market, the euro had opened the day at $ 1.2536 level and then took the upward trend, trying to penetrate the resistance level of $ 1.2641
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