Thread: Fundamental Analysis, September 30, 2011

Finish a month very difficult for financial markets, after which few conclusions can be drawn, depending on what might happen in the last quarter of the year.
While the German parliament approved the easing of the European Fund for Financial Stability (EFSF for its acronym in English). For now, the situation in Greece is complex and pay more money to the Greeks not solve the underlying issue is just that: high indebtedness.
In a move expected by the consensus of the agents, although opinion polls, opposed by 75% of German voters, the Bundestag gave the green light to the relaxation of EFSF with 523 votes in favor, 85 against and 3 abstentions. Thus 10 of the 17 member states agreed to the extension which seeks to enable the Fund to purchase bonds and credit lines to countries outside the Euro Zone financial problems, which delivers a degree of calm amid the difficulties we have seen over recent days.
In short, remain open pockets of concern to both sides of the Atlantic, with Europe facing the spread of sovereign debt to its banks and seek a restructuring of the same, while the U.S. continues to grapple with internal problems due to your settings . As we have stated in previous reports, only China and its higher specific gravity compared to what it was in other crisis may cushion the effects of the current situation.
Currencies move these days without a definite direction, while maintaining tight price ranges, although the dollar is taking a slight upward trend in general.
Within minutes you will know the GDP of Canada, at 8:30, and the United States, at the same time, the figures for income and personal consumption. Later will be the turn of the Chicago PMI, closing the month the consumer confidence index from the University of Michigan / Reuters.

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Source: instaforex.com