Dialy Fundamantal Report 4.03.2009

Fears of economic recession in depth control of the financial markets, where economies contracted by the United States, Europe, Japan and Britain, which made investors worried about the ability of governments to address the economic situation deteriorated to the worst levels since the Second World War and which has made the major currencies and stock markets sliding down in the past months, and this crisis shows that the houses did not retrace the American sector after the terms of the revitalization of this sector constitutes the basis of the recovery in U.S. economy.
The re-testing of the Egyptian pound to break the level of the fracture pattern of the declining levels of technical and 1.4090 is expected to return to her husband to face the downward track the level of support at 1.3985 levels and indicators are determined to satisfy the sales operations, which could push the price to rise towards the top of the instantaneous face a maximum level of resistance opened trading at 1.4120 to the 1.4053 levels when the husband and the husband's record at the highest levels of 1.4088 and 1.3985 at the register and the lower levels of trading today between 1.3865 and 1.4120.
The Central Bank has installed Australia's interest rates at current levels without a change for the first time in seven months; to keep the Australian dollar holds the highest return among the major global economies, which support the levels of demand for high-yielding currencies, as a result of the declining U.S. dollar against a basket of currencies.
Australian bank to take to install enhanced the interest rate on the trade as investors return, which helped to support the euro, the pound sterling against the dollar, but the U.S. dollar continues to hold strong against the Japanese yen, the result of the relinquishment of the investors and the Japanese yen, falling to the single currency for the euro area and currency property.
While the Canadian Central Bank yesterday cut the rate by about 50 basis points, bringing the interest rate to 0.50%, after the Canadian economy shrank by the worst financial crisis since the Great Depression, which led to the deepening economic recession and then attempt the Bank of Canada to support the economy and facilitate credit operations.
It transpired yesterday that the Canadian economy shrank in December by 1.0%-to be the worst performance since 1982 and is more than the previous -0.7%, therefore the Canadian economy is the eighth largest worldwide have contracted in the fourth quarter at annual rate of -3.4% and is the largest annual contraction since 1991, while the economy grew by 0.9% in the third quarter.
And indicates that the Canadian Central Bank President Mark Gorny that further reductions in interest rates would be achieved after a violent accept cuts in interest rates to follow in the footsteps of the bank, therefore, who led the federal interest rate to zero levels in an attempt to stimulate the economy, and this change is in the position of the Central Bank, which had previously insisted that the banking sector has a stick and not need to be violent cuts
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