Daily Fundamantal Report 11.3.2009

U.S. dollar fell yesterday against a basket of currencies, and so investors to accept high-yielding currencies in light of reports received on the bank Citigroup, the performance of the current quarter was the best since 2007, prompting optimism to investors in the market Prevail today, a wave of reluctance to trade return on the market especially after the problems have escalated between the United States of America and the State of China and as a result of the entry of warships into the territorial waters of the State of China without obtaining permission to enter from the Chinese government, prompting the Chinese warships to address on this ship, and this has been provided by the U.S. government and the Chinese all alone on the complaint on these balls. The payment of this difference that has arisen between these two great economists fear to the hearts of investors, prompting them to go to the circulation of the low-yielding currencies as a hedge in case the situation flared up between the two countries.
Another day, a wave of calm with the start of trading for a day full of economic data from the European region, which often increase the pressure on the European currency, and paid more to the bottom following the progress shown at the beginning of the Asian trading session at the expense of the U.S. dollar, while the currency is still property severe weakness and collapse after data showed the extent to find the largest mortgage lender in the UK.
Optimism is still controlled the market today and are still getting a trading post that dispelled by the news from Citigroup, the pessimism which had been overshadowed in recent times, while the initiatives are still the various governments around the world adopted in order to mitigate the impact of the crisis of credit has increased expectations and the expectations of the start of the restoration of the global economy recovered during the second half of this year. Where he was President of the Bank, Citigroup announced yesterday that, despite the difficult conditions experienced by the economy but it is most likely to have achieved operating profits during the first two months of this year, while HSBC Bank announced that its performance may prove better than expectations this year, This support contributed to today's financial firms around the world.
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