The Unquiet Trading in the Forex Market Today
Posted 02-15-2011 at 09:02 AM by Forexikon
Tags forex
Euro and Great Britain pound went down on the morning session in the forex market today(Feb.15,2011). Today the forex market was so unquiet as a serious of important economic data had been issued. Forex analyst pointed out that US dollar would continue to rise as the trend of forex market was as the same as expectation.
It was predicted that British CPI would increase to 4.0% on January. Bank of England would raise interest rate to restrain inflation.
Bank of England kept interest rate unchanged at 0.5% last week and the scale of asset purchase had remained at 200 billion dollars. However, the investors increased their expectation for the rising of interest rate by BoE.
It was predicted that American retail sales might increase by 0.1% on January, which was very important for the economic recovery in America.
It was predicted that British CPI would increase to 4.0% on January. Bank of England would raise interest rate to restrain inflation.
Bank of England kept interest rate unchanged at 0.5% last week and the scale of asset purchase had remained at 200 billion dollars. However, the investors increased their expectation for the rising of interest rate by BoE.
It was predicted that American retail sales might increase by 0.1% on January, which was very important for the economic recovery in America.
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