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Forex signals: Rich trading day

Just like the previous trading week that one started with investors’ and Forex signals developers’ striving to risk. The PMI of Germany was a bit larger than predicted – 52.0 instead of 51.6 predicted, and Euro zone PMI turned out to be just a little bit smaller – 51.0 instead of prediction of 51.2. In combination with the trading investors’ and Forex signals providers’ desire to buy more risky and high-profitable currencies, that was to drive EUR/USD to the max point of 1.4998 and GBP/USD - 1.6647. It’s also necessary to admit, that oil and gold prices rose up as well as stock indices.

On Tuesday, November 24, 2009, quite important news are to be published, which should be taken into consideration by Forex Signals givers. The data on GDP in 3rd quarter will be released in Germany and USA. The data of IFO on Business Climate will come from Germany and news on Richmond Fed Manufacture Index are to be published in The United States. According to that news it can be said, that EUR/USD might fall down to 1.4850. At this rate GBP/USD may go down to the level of about 1.6450.

by Jonathan Halprid
November 24, 2009
See Forex Analysis and Forex Forecasts for the previous days there:
 
 
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