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Forex Signals – analysis and forecast for September, 15

During the first part of the trading day on Monday dollar managed to do a bit of recovery. So, there were some Forex signals on buying the American currency. But in the middle of the European session the Eurocommission has published intermediate economic forecasts on the countries of Europe. Here, first of all, it is necessary to note the positive estimation given by Eurocommission, gross national product of such large economy of Europe, as France and Germany. And than has helped euro and franc to strengthen the positions against the American dollar, because analysists of Swiss bank were expecting the raise of Swiss gross national product as well. Due to that some Forex signals providers went long on EUR/USD and GBP/USD. So, EUR has set a new 9-month\'s maximum against USD, having reached a point 1.4651. And USD/CHF fell down to 1.0326.

In the second day of new trading week the big package of various economic data is expected both from Europe, and from the USA. First of all, it would be desirable to note such news, as indexes consumer and retail prices to the Great Britain, the speech of the head of Bank of England before the Parliament, change of volume of retail sales in the USA, and also speech of Mr. Bernanke concerning financial crisis. In connection with the statement of the US president that the economy of the United States comes back to normal functioning, it is necessary to assume, that growth of competitors of dollar can renew again on all fronts as investors will prefer to buy more highly remunerative currencies. At the moment there a lot of Forex signals providers continue keeping positions agains dollar. So, on Tuesday the following prices are expected for the basic currency pairs: EUR/USD – 1.454 - 1.470, GBP/USD – 1.650 - 1.674, GBP/JPY – 90.0 – 91.2.

by Jonathan Halprid
September 15, 2009
See Forex Analysis and Forex Forecasts for the previous days there:
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