Fundamental Analysis, February 15, 2011 2011-02-15

According to the bank's announcement, the Japanese economy is gradually leaving its state of economic slowdown. The bank left the interest rate at its zero level, and intends to continue with its five-trillion asset purchase.

In China, the consumer price index rose by 4.9% in January as compared to the same months in 2010. The index growth was slower than predicted by analysts, and it arrived after a 4.6% growth in December.

The monthly Wall Street Journal economists' poll states that the U.S. Economy is expected to grow this year at the fastest rate since 2003 due to increased business and consumer expenditures. The 51 economists that participated in the polling estimated, on average, that the U.S. GDP will be larger in the fourth quarter of 2011 than it was at the same time last year.

In the macroeconomic sphere, later on we expect the publishing of retail sales data for January, which is expected to point to a 0.5% growth. In parallel, the Empire state index for the manufacturing sector in the New York area is expected to show a 15-point reading for February as compared to last month's 12-point reading. Furthermore, we expect the publishing of import and export data, the international market budget of the Treasury, the stock report and the housing market index which will provide another indication of the state of the American real estate market.

http://instaforex.com/forex_analysis/23251/?x=OUE