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Forex market Friday news

On Thursday the situation on the Forex market was pretty quiet. There was no big changes in price ranges, which showed, that market participants and Forex Signals providers were not ready to risk. Frankly speaking, at the moment high-yield currencies are losing their positions because the world economics doesn’t seem to be really stable now.

The economic news from the United States and Euro-zone didn’t show any great changes. Everything was almost according to the predictions, which made the Forex market very quiet and calm. At this rate the only thing to catch the attention of market participants and signals users was the Forex news from Greece, where the economic situation is awful. Gravely speaking, the EU government is worried about the Greek economics. At the moment the budgeted deficit in Greece is more than 4 times larger, than it’s required in the EU (12.7% vs 3%). But even that didn’t make the Forex market participants active.

At this rate EUR/USD was trading around the starting point of 1.4498 and finished the trading day almost there. GBP/USD rose up a little bit and managed to reach 1.6335.

Friday, January 15, 2010, otherwise, is expected to be pretty active day on the Forex market in spite of poor and not important Forex news. The only data to be released that day is Euro-zone CPI & trade balance and Empire manufacturing index from the United States. Due to that EUR/USD is likely to fall and even break through the level of 1.4400. GBP/USD may also go down and finish the trading day at about 1.6250.

by Jonathan Halprid
January 15, 2010
See Forex Analysis and Forex Forecasts for the previous days there:
January 12, 2010 Not active Forex day

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