Daily Fundamantal Report17.3.2009

Industrial sector continues to shrink in the United States in the light of the intensification of the credit terms that give more pressure on the industries of America, which already suffer from lower consumption and lower domestic demand for American products after the damage to many countries of the world since the credit crisis that contributed to the deterioration of the sector global financial and sharp rise in unemployment levels. New York, where the industrial index fell to -38.23 in March from the previous expected -32.80 and -34.65, for the record, therefore have the lowest ever level since the index began in 2001, deterioration of trade at the global level in addition to a decrease in consumption since the eruption of which reduce levels of unemployment income and the sharp decline in investment due to the stalemate that continues to dominate the financial system deepen the recession of the industrial sector, which witnessed a decline in the levels of demand after the forced factories to reduce their productivity in order to reduce expenses. We saw yesterday, there is optimism for the market rise of equity markets at the global level, while the risk appetite of investors, therefore, once again, and moved to trading on the high-yielding currencies, which support the respective strengths of the euro and sterling against the dollar and the yen yesterday and today, is also where optimism today still in control of the markets, and we find that the thing which the strength of currencies against the U.S. dollar is also deteriorating outlook for the economy than the U.S. during the last period. Has given confidence that the U.S. dollar market filled a large force to rise today at the expense of the Japanese yen, but as the pair of the level of resistance of steel at 98.90 we find that the pair was impotent at the present time, but with the support of technical indicators at the present time to the bottom level of daily instantaneous, and we expect that the pair moves to some lower level to collect sufficient upward momentum to break through the level and trend upward, and we expect that the pair traded lower this level by the time the statements are issued by the U.S. and may give support to the U.S. dollar to rise more. The pair has the highest so far at the lower levels of 98.85 and 98.18 is at levels.
The euro area, which includes about 16 suffer from the worst economy in addition to their degradation and the deteriorating economic conditions, it is part of the deepening recession and a slowdown in the global economy the negative impact on economic activities within the region, prompting the low levels of demand is a sharp contraction, which would and paralysis of the economic growth, which prompted the demobilization of more employment and therefore high rates of unemployment and therefore low levels of consumption and spending to pay down the levels of demand and thus low levels of inflation and price. Was also the causes of the decline in prices is the high volatility in commodity prices, which, especially energy prices, which continued during the first half of the previous year, the main driver of the high levels of inflation, but commodity prices have tended to decline since the start of the second half but they continued to decline sharply so far, with the deepening economic recession which would risk increasing inflationary recession in the region. Indeed, inflation rates have fallen below 2.0% and the European Central Bank deems safe level of price stability in the region in light of the continued decline in commodity prices alongside the continuing contraction of the European economy. The employment index in the euro area and the expansion of the contraction ratio of 0.3% recorded in the fourth quarter of 2008 to prepare the second quarterly contraction and the lowest level since 1995, while reading the previous contraction with 0.1%, while the indicator on the annual level for the same The period of constant rate of 0.0% of the high rate of 0.8% has been amended to increase by 0.6%.
Disclaimer: All data provided in this document are obtained from resources that we believe are reliable. And they are provided to inform traders about markets and help them make better decisions. Therefore, FXCBS Fienex Group LLC does not hold any responsibility for mistakes that could occur in these data, or any financial impact of using these data in trading.
Copyright©Fienex Group LLC2009