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Forex signals: week gonna be active

The previous week was the first trading week in 2010 year. Congratulations! But the trading was really very active. All market participants (even not intensive traders and Forex Signals providers) were taking pretty active part in trading throughout the whole week. Due to that the situation on the Forex market was quite unpredictable and interesting.

But the main event, which was awaited by almost everybody, connected with Forex market in some way: brokers, traders, investors, Forex signals developers, was the release of US nonfarm payrolls. And, as it had been predicted, that information turned the market upside down. It was predicted, that there wouldn’t be big changes, but the number of unemployed turned out to increase to 85K! And that was the real tragedy for the American currency. USD was suppressed by its rivals in a moment. EUR/USD rose up to the maximum level of 1.4438 and GBP/USD reached 1.6108, having gone up for 140 pips! So, it could be said, that the end of the trading week was quite dramatic for some Forex signals providers and traders all over the world.

That week is also rich in different Forex news, which is pretty good for active Forex signals system developers and market investors. For example, the news on wholesale and customer price indices will be released in Germany. In the USA and UK the new on trade balance will come out. Besides that, the important data on manufacturing and inductrial production are going to be published in the United Kingdom and Euro-zone. ECB will announce its interest rate, Mr. Trichet will speak on monthly news conference. In the USA the unemployment rate is also to be released.

Speaking about the main currency pairs, it could be admitted, that on Monday, January 11, 2010, the situation can be pretty interesting for every Forex signals developer and trader. EUR/USD can rise up to 1.4531, but then roll down a bit. At the same time GBP/USD is likely to continue rising up and might manage to reach the point of 1.6200.

by Jonathan Halprid
January 11, 2010
See Forex Analysis and Forex Forecasts for the previous days there:
January 6, 2010 Active Forex signals day
December 30, 2009 New Year Forex trading!
December 29, 2009 Tuesday’s Forex signals

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