1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Daily Fundamental Analysis 4/03/2010 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Mar 4, 2010.

  1. fxcbsar

    fxcbsar New Member

    Dec 4, 2009
    Likes Received:
    Thursday March 4 , 2010
    Daily Fundamental Analysis

    We are Waiting today for the decision of the Central Bank in United Kingdom in regards to the interest rates, the forecast is to be without changes at least as low as 0.50%, We are also expecting the European Central Bank interest rate decision, which is also expected to be at the lowest rate since the establishment of the European Central Bank at 1.00% .the United Kingdom Central Bank also will discuss more information on the APF program which was halted last month yet officials left the door open for continuing, 200 billion pounds that were applied towards purchasing gilts helped provide economic growth in the UK as the nation expanded by 0.1 percent as a result of the manufacturing and services sector growing therefore supporting overall gross domestic product. President of the central bank Trichet will speak after the announcement of the rate decision, giving an overview of the current economic conditions.

    On the other hand the focus of the investors in the recent debt crisis is on Greece, which may lead to the emergence of more such problems in other countries in the region, threatening the general economic situation of the euro zone.

    The general situation in both regions, the European Union and the UK are still suffering from terrible dilemmas in the road to recovery, Which means that it is too early to say that the recovery phase has started, as pointed out by some analysts , The European economy depends 80% of its gross domestic product of industrial exports in Germany, which have improved remarkably in the recent times However, the economic bumps that appear here and there in the European Union reduce the impact of this improvement on the European economy as a whole This, in turn the European economy is losing eligibility for this improvement. The most important question, will we see new debt crises after the debt crisis of Greece? The Situation points out that Spanish economic suffered Standing on the edge of the abyss.

    Senior Analyst / Ali Hasan /FXCBS


    Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software


Share This Page