Daily Fundamantal Report26.02.2009

Improvement in the U.S. dollar against a basket of currencies in the light of recent statements by Mr. Bernanke, the Federal Reserve Bank President who said that the U.S. economy will be recovered again if successful efforts by the government in supporting the economy and then the recession could end this year and in 2008 In the case of the failure of those efforts have been extended to 2010.
Also made the remarks today, the Japanese Minister of Finance to increase the downward pressure on the Japanese yen after Japan's economy shrank to its lowest level since 1974 and the minister made the remarks today to clarify the extent of the deficit of the balance of trade as a result of the low volume of exports by about 46.0% of the largest and pace in nearly two decades. This data helped the poor to pay the investors to abandon the Japanese yen as a safe haven to drop further against the dollar in three months.
The economic data released today and the largest economies within the European continent where the German economy on the actual reading of the index of the GFK consumer confidence, which was 2.6 higher than the value of the expectations that the value was 2.0 and the previous reading of 2.2, which was overtaking the present value of market expectations and analysts, and may This is an improvement in confidence levels, but mostly this will be a temporary situation as the German economic situation is still great confusion and vulnerability.
On the other hand, a sign of the Nationwide house prices in the United Kingdom, where the actual reading of third-seasonally adjusted (N. M. M.) Low value of 17.6% less than the expectations were low value of 17.1% and the previous reading, which was valued at 16.7%, and This suggests that the economic conditions in the United Kingdom and the sharp deterioration suffered by the domestic sector in the country has to pay owners to lower the prices of houses for sale in order to attract buyers and investors.
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