Weekly Fundamantal Report 23.02.2009

In the previous week, the dollar at the levels achieved prior to the end of his financial rescue plan approved by the government of President Barack Obama, but with the end of the week the dollar fell because of the uncertainty around the U.S. rescue plan, while the record showed Federal Committee meeting the previous week, the extent of the deterioration of the situation economic in the United States and trace the extent of pessimism in the future for the U.S. economy.
While U.S. stocks fell to their lowest levels since the end of the week with shares of Citigroup fell more than 22% and Bank of America shares ended trading to the lowest level since 1984, due to the absence of an encouraging future for the U.S. economy and Dow industrial stocks fell 1.34% to close at 7461 and closed S & P index to 770.05 after it fell 1.14% at the end of the week while the Nasdaq Composite Index fell 0.11% to close at 1441.23 recently.
The yellow gold has achieved the highest price at U.S. $ 1000.30 at the end of the previous week, due to investor interest in gold as a safe haven in the market, while the euro was not able to continue to decline in the previous week, causing a corrective movement, where the wave pushed him reluctant to return to the high trade again.
As per the case of the euro was better than the dollar after the comments came from the German economy runs a sort of a glimmer of hope to investors, where the remarks to refer to the great action in a bid to boost the economy and alleviate the period of economic stagnation, while the pound sterling has taken an upward movement after the saturation in sales to rise to the level of 1.4485 at the end of trading for the previous week.
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