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Tuesday’s Forex signals

Just as has been predicted before, the beginning of the trading week wasn’t active at all. The market was pretty slow, which was the result of holidays in the United Kingdom of Great Britain and Northern Ireland, Canada and Australia. At this rate the market in those countries was closed. So, not all market participants, especially Forex Signals providers, had tendency to buying high-yield currencies. Due to that the main currency pair remained at the level they began the trading day. For example, EUR/USD tried to go up and fall down, but finally stopped just at the start point of 1.4372. The attempts of GBP/USD to change the situation radically failed as well: GBP pushed USD a little bit and reached the level of 1.6001, which turned out to be a little surprise to Forex signals developers and market traders.

On Tuesday, December 29, 2009, the Forex trading isn’t likely to be pretty active as well. Mostly market participant will be waiting for the news releases of consumer price index in Germany and consumer confidence indicator in the USA. Due to that not great number of Forex signals is expected to be launched. EUR/USD is likely to be trading around the point of 1.4385, but it may rise a very little bit. GBP/USD might even go up to the level of about 1.6050.

by Jonathan Halprid
December 29, 2009
See Forex Analysis and Forex Forecasts for the previous days there:
 
 
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