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FX.co ★ Fundamental Analysis For February 24, 2012

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Forex Analysis:::2012-02-24T13:51:55

Fundamental Analysis For February 24, 2012

The dollar continues its downward path in recent days with virtually all leading currencies except the yen, leaving, for now, is like a haven U.S. currency.

While high prices, long-time highs in some cases, suggest that local economies are doing really well, the only reason for the falling dollar and, in contrast, the rise of currencies, is the strong rally experiencing upward chip stocks in New York.

The good U.S. economic data are finally working, and the Dow Jones closed at 12,984 points on Thursday as future operating right now on the rise.

While the shares remain bullish this direction, in a move that at least this time coincides with the greening of the world's largest economy, the coins will not yield in its current trends, also bullish.

This explains then the price of 1.34 euro over momentarily, the pound sterling with a strong recovery even though the review confirmed its GDP down 0.2% from the same, nothing encouraging data, and Swiss franc surpassing his mark of 0.90, a value not seen since mid-November.

The question of Greece then passes through a break (really needed), although there are few who doubt that eventually fall into default. Meanwhile, this short "spring" markets bad falls in the middle of the European crisis, which threatened to nothing else for days, with very low drag the euro.

The information listed in the American session, and attract the attention of investors, are the consumer confidence index from the University of Michigan / Reuters at 9:55 Eastern, and sales of new homes, to 10:00. The latter is a key report of the U.S. economy, which can generate a strong impact on the dollar pairs.

As additional data on the Saturday meets, once again, the so-called G20. While the political effects of such peaks are varied, the effects of foreign exchange market, we are concerned, we do not generate a change in any currency pair. But I have to pay attention to the opening of the Asian session on Monday, which may leave some important gaps.

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