Daily Fundamantal Report 12.3.2009

Complement today's U.S. markets, which track the rising started yesterday and adopted by the majority of global equities today, where shares of companies received financial support and led a major rise after data indicated that the Bank of Citigroup, despite the difficult conditions experienced by the economy could achieve operating profits during the first two months of this year, which increased the appetite of investors for risk. What has increased the optimism of investors is the immersion of Bernanke's remarks to the President of the Federal Bank of the need for more regulation in financial markets to protect investors in addition to the approval that he would not allow the collapse of any of the banks because that would plunge the U.S. economy further into recession, which has expectations that the government would accept to spend more liquidity in the banking system and support financial institutions in order to avoid collapse. The other hand, we find that today it is expected that President Obama is the signing of the financing project valued at 410 billion dollars from the plan of 787 billion to spend on the draft U.S. government food aid to the poor and other energy research, and yesterday was to have been approved by the Senate, which come all of these Government initiatives to increase the liquidity in the market and they support the consumption of the main causes of the deepening recession.
GBP/USD pair rose against the U.S. dollar slightly after the data on the trade balance during the month of January, where the actual reading to show expansion of the value of the deficit in 7745 million pounds after the previous reading showed a deficit of 7367 million pounds has been modified to show a deficit of 7232 million pounds, indicating data to deepen the economic recession in the United Kingdom affected by a low level of domestic demand and declining levels of spending.
With the euro failed to break the level of support changed at 1.2616 and this is what brought him to face resistance at the 1.2715 level to reach a maximum at 1.2730, but if the husband broke this level is likely to continue to the spouse, provided the stability of the price to rise above the level of 1.2730, but still the general trend decreasing trend of the husband without the stability of the price level of 1.2820, and the husband is now deliberating between the level of support at the 1.2680 level and resistance at 1.2725 and 1.2679 when trading opened and recorded at the highest level of 1.2735 and 1.2616 at the minimum.
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