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The Trend of USD Would be Decided by Federal Reserve

Posted 02-16-2011 at 04:05 AM by Forexikon

The forex rate of US dollar against Euro went up in the forex market as American economic data was much better than expectation. US non-farm unemployment decreased much on January in 2011, so the forex investors have more confidence on the measures for economic prospects by Federal Reserve. Meanwhile, the forex investors hoped that Federal Reserve could reduce the scale of the second round of Quantitative easing policy.

In addition, the forex rate of Euro versus US dollar went down...
Posted in News, Forex
Views 458 Comments 0 Forexikon is offline
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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...
Posted in Forex, News
Views 335 Comments 0 Forexikon is offline
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Gold Price Increased 20 Dollars on Hedge Demand

Posted 01-29-2011 at 04:48 AM by Forexikon
Updated 02-04-2011 at 08:02 AM by Mysticforex

The spot gold price went up sharply on Friday(Jan.28,2011), which meant that the invstors’ risk aversion increased. The gold price increased from 1.3010 to 1.331 in the international market.

The analyst pointed out that the debt crisis in Euro zone didn’t be solved, which weakened Euro. Meanwhile, European and United States stock markets sharply lower across the board, which increased the investors’ risk aversion further.

Carl Firman, the analyst from VM Group, said...
Posted in Forex, News
Views 570 Comments 0 Forexikon is offline
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Bank of Japan Kept Interest Rate and Assessment of Economy Unchanged

Posted 01-25-2011 at 04:19 AM by Forexikon
Updated 02-14-2011 at 09:43 AM by Mysticforex

Bank of Japan announced interest rate resolution today(Jan.25,2011). BoJ kept interest rate unchanged at 0-0.1% and kept their assessment of the economy unchanged as before.

Bank of Japan predicted that Japanese annual gross domestic product would increase by 3.3% on March in 2011 and Japanese GDP would increase by 2.1% on October this year.

Recently the price of commodity rose sharply, so BoJ would raise estimate of GDP growth on April.It seemed like that Japanese...
Posted in Forex, News
Views 547 Comments 0 Forexikon is offline
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People's Bank of China Would Raise Interest Rate

Posted 01-21-2011 at 03:29 AM by Forexikon
Tags forex

According to the report, the annual economic growth in China was very good last year. Although the rising of inflation in China became slow slightly, the world's major investment Banks upgraded inflation forecast in China and increased prediction that People’s Bank of China would take tightening monetary policy to restrain the inflation.

Chinese GDP increased by 10.3% in 2010, which was more than expectation. Meanwhile, Chinese Consumer Price Index increased by 3.3% last year....
Posted in News
Views 549 Comments 0 Forexikon is offline
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