Organisation Métier Produits Forum Forex Trading Forex Services
Accueil du forum forex  
  #1 (permalink)  
Old 15-06-10, 12:38
Senior Member
 
Join Date: Dec 2009
Posts: 226
Default Daily Fundamental Analysis 15/06/2010 FXCBS

Tuesday June 15 , 2010

Daily Fundamental Analysis

The euro rose yesterday due to the improved investor appetite for higher risk Dollar Bonds and assets, eventually that has strengthened its covering of short positions the European unified currency, which led to the rise after recent recorded during the lowest in four years. Analysts say it is unlikely to lead to recovery of the euro release from the downward trend, with continuing structural problems in the euro zone, which severely affected the single currency. The euro was down 15 per cent against the dollar this year, but managed to rise 1.6 per cent during the last week, after hitting its lowest level in four years at 1.1876 dollars. Markets have witnessed a global shake-up on Wednesday in a selloff for the second day by fears that the growing debt crisis in Europe could threaten the global economic recovery. Euro fell against the U.S. dollar to the level of 1.3143 which is the lowest level since April 2009 due to fears of traders that the debt crisis could spread to other European countries facing challenges such as Portugal, Spain, Italy and Ireland.

The Minister of Finance in Greece, George Papaconstantinou, said on Sunday in an interview to a local newspaper that Greece is moving in the right way, Greece almost fulfilled all its obligations. He highlighted that the budget showed a decrease of 40 per cent compared with last year, stressing that there is no need to impose further austerity measures.

On the other hand the public debt in Italy in April rose to a record level, reaching 1.813 trillion Euros (2.215 trillion U.S. dollars), up 0.8% from the level recorded in March this prompted the Bank of Italy (central bank) to warn that public debt will arrive at the end of the year to the level of 118.4% of GDP, after reaching 115.8% in 2009. the bank said that tax revenue fell 1.8% in the first four months of 2010 compared to the same period last year, to reach 104.8 billion Euros (128 billion dollars).Earlier, a U.S. newspaper said that the French and German banks are most exposed to the debt crisis of Europe, where a foreign debt of the weaker economies in the euro area nearly a trillion dollars.

Senior Analyst / Ali Hasan /FXCBS

Newsletter

Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Similar Threads
Thread Thread Starter Forum Replies Last Post
Fundamental Analysis 7/01/2011 FXCBS fxcbsar Analyses des autres membres 0 07-01-11 09:36
Technical Analysis 16/09/2010 FXCBS fxcbsar Analyses des autres membres 0 16-09-10 10:41
Daily Fundamental Analysis 8/06/2010 FXCBS fxcbsar Analyses des autres membres 0 08-06-10 12:19
Daily Fundamental Analysis 26/03/2010 of FXCBS fxcbsar Analyses des autres membres 0 26-03-10 13:36
Daily Fundamental Analysis 4/03/2010 of FXCBS fxcbsar Analyses des autres membres 0 04-03-10 13:24


All times are GMT +1. The time now is 04:36.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.

 

Hit-Parade des sites francophones

 




---

Search Engine Optimization by vBSEO 3.1.0

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476