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Important Forex signals news

According to yesterday’s Forex signals forecast, USD managed to push down European, Swiss and Japanese currencies. At the same time The British pound recovered a little bit and moved upward.

The first thing to make bucks stronger was the release of the data on the Consumer Confidence in the USA (became lower to 0.4%, the reduction to 0.2% was predicted). Another good news for USD came from Russia, where it was take the decision to leave 1/3 part of the state reserve in USDollars. That once again made Forex signals providers and Forex traders buy the American currency. Due to that EUR/USD rolled down to 1.4526, USD/CHF reached the point of 1.0404 and USD/JPY rose to 90.36.

At the same time GBP was trying to play back and suppressed the American currency a bit. The positive news from Great Britain, telling that the British economy was not damaged by the crisis badly, were a sign for Forex signals providers to act and buy GBP. So, GBP/USD moved upward and reached the level of 1.5950.

Forex signals providers shouldn’t really expect today’s news to be positive for USD’s rivals. According to the Forex forecasts, the level of unemployment in Germany (the largest economics in Eurozone) is expected to rise and the ADP Employment Change in the USA – to reduce.

Due to that EUR/USD can first reach the level of 1.4650 and the roll down a bit. GBP/USD can grow up to 1.6100, USD/JPY is expected to move to 89.50 and USD/CHF – to 1.0350.

by Jonathan Halprid
September 30, 2009
See Forex Analysis and Forex Forecasts for the previous days there:
September 29, 2009 Forex signals: USD rising up
September 25, 2009 Forex signals - GBP crushed down
September 24, 2009 USD - falling down
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