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Barclays Capital indicated that U.S. Economic data will perform well This Week

Discussion in 'Forex Discussions' started by ikonforex, Feb 14, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    The strategist of Barclays Capital, David Forrester said on Monday 14th February that USD will slightly increased in recent days, because the bank indicated that the important economic indicator of United States that should be released this week will be better than expectation.

    The economic indicators in United States that will be published this week includes the retail sale in January on Tuesday, the Consumer Price Index in January on Thursday.

    Forrester said that if the bank indicated the trend correctly, the economic data will support USD to go up. Currently, the market has reckoned the Federal Reserve’s expectation of interest increase in January 2010 in the forex price.

    The United States economic indicator, that will be released this week, will be treated as a standard to judge whether this optimistic expectation is reasonable or not.

    At Beijing time 11:46, EUR/USD was 1.3542/44 while USD/JPY was 83.19/23.
    Forex News from bit.ly/iaDHYZ
    Edited By Sarah in bit.ly/eGIoaW

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