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Forex signals: the USD recovery week.

The previous trading week was quite active and can be called the week of USD recovery. The behaviour of Forex Signals system developers, traders and different investors was mainly determined by the market news from Europe. Frankly speaking, that’s just the logical tendency. If the American currency had fallen down more, the world economics would have been completely ruined. But after the release of US change in nonfarm payrolls and other Forex news on unemployment, which showed unpredictably good tendency, USD began to suppress its rivals very actively.

Due to that it’s quite obvious, that the American currency is likely to continue rising up and getting back to its positions. Such tendencies were also told about by Mr. Trichet and Mr. Bernanke, which made the investors, Forex signals developers and traders start to sell high-yield currencies and buy USD.

This week quite an amount of important Forex news is to be released in all parts of the world. For example, the news, that can influence the behaviour of Forex signals providers, traders and investors are USA Current Account Balance, Housing Starts, Building Permits and Initial Jobless Claims. The Following data is to be released in Europe: ECB Current Account SA, info on Trade Balance, Consumer Price Index, changes in Employment and Industry Production. The United Kingdom of Great Britain and Northern Ireland will release the news on Consumer and retail price indices, Claimant count rate, info on retail sales and M4 Money supply. But the main news awaited by all traders, investors and Forex signals providers all over the world is, of course, the FOMC release of interest rate. This information will turn the market upside down, if the rate is changed. So, the trading week is likely to be quite active.

On Monday, December 14, 2009 there’s not a lot of info to be released. Only the information on Employment and Industrial production in Euro-zone has some importance for Forex signals providers and investors. The other regions will remain silent. Due to that, EUR/USD is likely to rise up a little bit and be trading between 1.4650-1.4700. GBP/USD may also go up and even reach the point of 1.6330, but then fall down and be trading around 1.6200 .

by Jonathan Halprid
December 14, 2009
See Forex Analysis and Forex Forecasts for the previous days there:
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