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Forex analysis and Forex signals forecast on September 17, 2009

During Forex trading day on Wednesday it was possible to notice two obvious attempts of the American currency to become stronger: the first - during active work of stock exchanges in Asia, and the second - soon after opening of trading platforms in the United States. Some Forex signals providers caught that wave and were quite successful.

As the result of the trading day EUR can boast of the highest mark against USD since last September - 1.4736, and USD/JPY, having rolled away from the day\'s maximum of 91.35, again began to sway around 91.00. By the end of the day the British pound has suppressed bucks to about 1.650. The Swiss franc also could reach a maximum level of the year against USD - the minimum of the pair USD/CHF on Wednesday was 1.0296.

The basic news to influence the situation on the market and Forex signals providers on Thursday are: the figures on Housing Starts and Initial Jobless Claims the USA, release of data on Retail Sales of the Great Britain, Swiss National Bank 3-Month Libor Target Rate.

Coincidence actual figures on English retail sales with Forex forecast can give support to the British currency: according to expectations of economists, the data is to show positive dynamics. As inflation retail and consumer prices has appeared more than expected in the last month, it\'s likely, that the news on retail sales will be just the same. Therefore the pound can go to the level of 1.660, which will make Forex signals providers very active. Support line for GBP/USD is still located in areas of the week\'s minima: 1.640-1.645.

The tendency of dollar to weakening is likely to continue. Forex signals providers expect EUR to push bucks up to 1.4800, USD/CHF and USD/JPY to test the levels of 1.030 and 90.00 downwards again.

by Jonathan Halprid
September 17, 2009
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