Monday, February 16, 2009
Tuesday, February 10, 2009
Daily Fundamental Report 10/2/2009
Today Fed governor Bernanke will testify on Fed programmers at House Panel, but focus is on US Treasury Secretary Geithner's speech on the financial rescue programmed today at 17:00 in Wash-ington. Today's session will be overshadowed by events in the US where Treasury Secretary Geithner will testify on the TARP program and should unveil details of a new Financial Rescue Program. The dollar was stronger during the Asian session, with the gains linked to a report in the Nikkei that Russian regional banks were looking to delay $400 bln in debt repayments. In foreign exchange, the Euro was heavily sold on feared exposure of European banks to the possibility of default implied by Russian banks' loan payment delay request. EUR/USD fell two big figures to a 1.2810 low before recovering slightly after Russia's Head of Regional Association denied Japanese media speculation.
U.S and Asian equity markets are little changed ahead of today's US senate vote on Obama's stimulus bill and US Treasury Secretary Geithner's speech on the financial rescue plan. The euro has weakened overnight on reports that Russian banks and companies may ask foreign, mainly European, banks to reschedule loans. US Treasuries have traded sideways overnight.
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
U.S and Asian equity markets are little changed ahead of today's US senate vote on Obama's stimulus bill and US Treasury Secretary Geithner's speech on the financial rescue plan. The euro has weakened overnight on reports that Russian banks and companies may ask foreign, mainly European, banks to reschedule loans. US Treasuries have traded sideways overnight.
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
Monday, February 9, 2009
Daily Technical Report 9/2/2009
Sterling overcome all points of resistance that has to this day the opposite of all expectations through technical analysis, which refers to the sale of sterling against the dollar from 1.4799 and to the point, but move beyond this point and rose up to 1.4930 and this is the justification for the carry trade in the market and wants to seem remarkable that through the look at the sterling against the yen.
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
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
Daily Fundamental Report 9/2/2009
Decline in the dollar today, with the increasing expectations with high rates of unemployment in the month of January to reach a rate of 7.5% compared to previously at 7.2% in addition to the estimates, which revolve around work more layoffs of up to -540 A and function compared to previously when the -524 A; shows expectations the U.S. economy plunged in the process of economic stagnation
The euro rose in trading today, supported by a weak U.S. dollar, and after the European Central Bank's decision last week to keep interest rates steady at a rate of 2.00% in addition to Mr. Trichet's comments indicated that the rate of European inflation over the medium term may remain close to levels of 2.00%, and the view that European region will reap the benefits of reductions in the past months by 225 basis points over the next few months, and emphasized that inflationary pressures may be reduced within the European Union and beyond. Mr. Trichet said at the end of a press interview, he did not rule out further cuts in European interest rates in the coming months.
The pound sterling rose today is also supported by a weak U.S. dollar, and after the decision last week of the Bank of England to reduce UK interest by 50 basis points to reach the proportion of British interest at 1.00% and the lowest since 1964 and the reduction in conformity with the expectations and in order to revive the British economy in the the light of the deepest economic recession since World War II, and issued Friday by the British economy of industrial production data for the month of December where it came from reading the actual low-rate of 1.7% when compared to -2.3% previously.
Producer price index showed for the month of January a high proportion of 1.5% compared to the previous reading at the low rate of 2.0% which shows the response of the British economy of the British government's attempts to support the financial system.
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
The euro rose in trading today, supported by a weak U.S. dollar, and after the European Central Bank's decision last week to keep interest rates steady at a rate of 2.00% in addition to Mr. Trichet's comments indicated that the rate of European inflation over the medium term may remain close to levels of 2.00%, and the view that European region will reap the benefits of reductions in the past months by 225 basis points over the next few months, and emphasized that inflationary pressures may be reduced within the European Union and beyond. Mr. Trichet said at the end of a press interview, he did not rule out further cuts in European interest rates in the coming months.
The pound sterling rose today is also supported by a weak U.S. dollar, and after the decision last week of the Bank of England to reduce UK interest by 50 basis points to reach the proportion of British interest at 1.00% and the lowest since 1964 and the reduction in conformity with the expectations and in order to revive the British economy in the the light of the deepest economic recession since World War II, and issued Friday by the British economy of industrial production data for the month of December where it came from reading the actual low-rate of 1.7% when compared to -2.3% previously.
Producer price index showed for the month of January a high proportion of 1.5% compared to the previous reading at the low rate of 2.0% which shows the response of the British economy of the British government's attempts to support the financial system.
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
Sunday, February 8, 2009
Weekly Fundamental Report 9/2/2009
The US dollar ended the past week down versus most of the major currencies as a surge in risk appetite weighed on low-yielders, including the Swiss franc and Japanese yen.
The Event risk for US dollar Japanese yen, euro, and British pound and an Australian dollar will pick up at a gradual pace throughout the week amidst testimony by Fed Chairman Bernanke. UK and Australian employment reports. US retail sales, and an expected record drop in Euro-zone GDP.
The employment losses have deepened considerably in recent months and revisions to previously published data suggest that total job losses for this recession will now top 6.5 million Nonfarm employments plunged by 598,000 jobs in January and the unemployment rate rose 0.4%points to 7.6%.
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
The Event risk for US dollar Japanese yen, euro, and British pound and an Australian dollar will pick up at a gradual pace throughout the week amidst testimony by Fed Chairman Bernanke. UK and Australian employment reports. US retail sales, and an expected record drop in Euro-zone GDP.
The employment losses have deepened considerably in recent months and revisions to previously published data suggest that total job losses for this recession will now top 6.5 million Nonfarm employments plunged by 598,000 jobs in January and the unemployment rate rose 0.4%points to 7.6%.
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
Friday, February 6, 2009
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