Daily Fundamantal Report5.03.2009

The Cary Trade dominated the return on the meeting yesterday, so far, after news of the China's third largest economy in the world noted the economic stimulus plan, which aimed at supporting economic growth, which is expected to issue details of the plan today, and the news led to the return of the risk appetite once again attached to investors as the market hopes the impact of Chinese economic support plan.
This is despite the high rates of loss of jobs in the private sector in the United States for the month of February as this is a reference to the pessimism of the posts and read of the report, which is expected this week to the end this is the increase in the economic recession in the United States. As a result, the control of carry trade in trading day the U.S. dollar declined against a basket of currencies.
While the decision issued today, the European Central Bank and the British interest rate, which is expected to cut interest rates by about 50.0 basis points, bringing the interest rate for the euro to 1.50% while the interest rate for the pound sterling to 0.50% and this is the lowest level of the historical interest rate currency on the U.K.
While the U.S. dollar against the yen continue to rise after its success in penetrating the level of resistance at 98.70 and is expected to complete the course to face the rising level of resistance at 99.45 and indicators are determined to satisfy from buying and this may cause some Rebounds down to face a level of support maximum at 97.65 opened trading at 99.11 levels recorded at the highest levels of the USD/JPY and 99.67 at the lower levels of 98.91.
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