TradeVestment : A Forex Strategy Report by Kersi Jilla of ForexMetrics.com

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A  Forex  Strategy  Report & Forex Commentaries based on Forex Metrics Currency Index, provides currency forecasts, forex predictions, trading signals, currency trends and more.

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Global Economic Scenario.

* Housing Starts in the U.S. collapsed in January as the Obama administration unveiled new proposals to stem what may become the worst recession in the postwar era.
* President Barack Obama pledges $275 Billion to cut mortgage payments for as many as 9 million struggling homeowners and help Freddie Mac and Fannie Mae to keep the lending rates down.
* Bank of Japan will unveil a debt program and may extend lending programs in place to prevent a shortage of credit from deepening the nation’s recession.
* European Construction Output fell the most last year since 1995 as the global economic slowdown curbed building of offices, shops and houses across the region.
* Bank of England agreed to ask the government for authority to create money in an effort to kick start the economy, saying further interest rate cuts may hurt the profitability of banks.

 

FMCI                     CURRENCY PERFORMANCE AGAINST THE BASKET OF CURRENCIES.
Thursday, February 19, 2009
Currencies FMCI FMCI Change in FMCI  Inflation Economic 
  18-Feb 19-Feb Pips % Change Deflation   Cycle  
USD 1.2115 1.2262 0.0147 1.2153% Deflation Recession
EUR 1.5274 1.5454 0.0179 1.1741% Deflation Recession
GBP 1.7298 1.7538 0.0240 1.3885% Deflation Recession
JPY 0.0021 0.0021 0.0000 -1.5400% Deflation Recession
CHF 1.0355 1.0436 0.0081 0.7864% Deflation Recession
CAD 0.9568 0.9721 0.0152 1.5929% Deflation Recession
AUD 0.7678 0.7824 0.0145 1.8897% Deflation Recession
NZD 0.6097 0.6223 0.0126 2.0625% Deflation Recession
HKD 0.1466 0.1485 0.0019 1.2937% Deflation Recession
SGD 0.7904 0.8002 0.0097 1.2310% Deflation Recession
FMCI 0.8778 0.8896 0.0119 1.3527% Deflation Recession
Net Change 0.0119 1.3527%            
                 
                 
“Forex Metrics Currency Index”     A Global Economic Barometer - By forexmetrics.com
FOREX METRICS CURRENCY INDEX       &      CONTINUOUS MOVING AVERAGE   (C.M.A.)               
Currencies C.M.A FMCI Change in FMCI  Economic  Currency
OP. Rates Current 19-Feb Pips % Change Growth   Bias
USD 1.3236 1.2262 0.0974 -7.3583% Negative Upward
EUR 1.9307 1.5454 0.3854 -19.9589% Negative Upward
GBP 2.4690 1.7538 0.7152 -28.9684% Negative Downward
JPY 0.0018 0.0021 0.0003 15.4905% Negative Upward
CHF 1.2079 1.0436 0.1642 -13.5981% Negative Upward
CAD 1.2553 0.9721 0.2832 -22.5629% Negative Downward
AUD 1.1184 0.7824 0.3361 -30.0482% Negative Downward
NZD 0.9366 0.6223 0.3142 -33.5531% Negative Downward
HKD 0.1606 0.1485 0.0121 -7.5410% Negative Upward
SGD 0.9272 0.8002 0.1271 -13.7028% Negative Upward
FMCI 1.1330 0.8896 0.2433 -21.4780% Negative Downward
No.of Gainers 1          
No. of Losers 9              

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