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Focus in Forex Markets May Shift Toward Central Bank Activity

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Aug 3, 2009.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
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    Today’s sample of Forex Analysis from ForexHound.com

    Today’s better than expected manufacturing reports from China, the Euro Zone, the U.K, and the U.S. seem to indicate that investors have accepted the possibility that the global economy may have righted itself and is now poised to improve even further.

    Because of these recent friendlier economic events, Forex traders may begin to focus on central bank activity this month rather than just the economic reports. On Thursday, August 6th, the Bank of England and the European Central Bank are going to meet to discuss their current interest rate policies and to release their outlooks for the recovery.

    The market seems to have already accepted the possibility of the Bank of England announcing the end to its asset-buyback program. The European Central Bank is likely to leave interest rates unchanged, but renew its hawkish economy. It seems that almost anytime there is talk of an economic recovery, the ECB reintroduces its stance on the possibility of inflation.

    Read full article at ForexHound.com as well as Forex Analysis, Forex Education and exclusive timely market Gann Analysis

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

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