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Forex signals: active week end

On Thursday, just according to our predictions, the Forex Signals providers, traders and other market participants could observe USD suppressing its rivals pretty fast. That was the result of not only negative Forex news from the Euro-zone, but of the changes in stock indices, which are quite fast and can be pretty unpredictable in the moment. For example, the retail sales in the United Kingdom of Great Britain and Northern Ireland have reduced by 0.3% in spite of predictions of 0.5% increase.

Due to that, GBP/USD was at first rise up and reach the day’s maximum of 1.6341, but then under the influence of Forex news release it fell and managed to get to the minimum point of 1.6078, which is really bad sign for the British pound and British market participants (investors, Forex signals developers, traders, etc.).

At the same time in the USA FRS claimed that the situation in the US economy was improving and due to that some anticrisis governmental programs might be run again. At this rate EUR/USD fell down extremely quickly from the day’s maximum of 1.4537 to the minimum of 1.4303, having lost more than 200 pips. The trading day was finished at 1.4348.

On Friday, December 18, 2009, the last day of the trading week, pretty big amount of Forex news important for Forex signals providers, investors and other market participants, will be released in different parts of the world. For example, the Japanese Central bank gonna announce interest rate, which is to remain at the level of 0.1%. The Forex info on producer prices and IFO – business climate is to be published in Germany, ECB will announce Euro-zone current account and the news on Euro-zone trade balance are to come out. And the data on M4 money supply will be released in Great Britain.

Due to that, Forex signals providers can expect the following price rages for the main currency pairs: EUR/USD is likely to recover a bit and rise up to 1.4400, GBP/USD may appear to go up as well and reach the point of 1.6250.

by Jonathan Halprid
December 18, 2009
See Forex Analysis and Forex Forecasts for the previous days there:
December 17, 2009 Market remains active!
December 16, 2009 The decision of FOMC
December 15, 2009 The fall down of USD rivals

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