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The Unquiet Trading in the Forex Market Today

Posted 02-15-2011 at 10:02 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 284 Comments 0 Forexikon is offline
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People's Bank of China Would Raise Interest Rate

Posted 01-21-2011 at 04:29 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 465 Comments 0 Forexikon is offline
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ECB Might Raise Interest Rate to Restrain Inflation

Posted 01-17-2011 at 05:18 AM by Forexikon
Tags forex

Euro had been risen for a week long as the forex analysts predicted that European Central Bank would raise interest rate to restrain inflation. According to the record, Consumer Price Index increased by 1.0% in German on December,2010, which was the same as the expectation. German CPI totally increased by 1.7% in 2010, which was the same as expectation too.

Claude Trichet, president of European Central Bank, said that he would raise interest rate in a short term if necessary. The...
Posted in News
Views 396 Comments 0 Forexikon is offline
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RMB/USD Rose Sharply Today

Posted 01-14-2011 at 06:06 AM by Forexikon
Tags forex

The data from China Foreign Exchange Trade System released that the forex rate of US dollar agaisnt Chinese yuan traded at 6.5896 yuan today(Jan.14,2011), which decreased 101 basic points.

USD versus RMB went down as the number of people filing for initial jobless claims in America rose accidently.

EUR/CNY traded at 8.7866 yuan; GBP/CNY was 10.4392;CNY/MYR was 0.46375 ringgit.
Posted in Forex, News
Views 459 Comments 0 Forexikon is offline
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Forex: U.S. Dollar Mix On Thin Trading, Euro Holds Tight Range

Posted 10-11-2010 at 11:16 AM by DailyFX

Talking Points

* Japanese Yen: Mixed Against Majors
* Pound: U.K. Banks Raise Borrowing Costs
* Euro: Holds Narrow Range For Third Day
* U.S. Dollar: ECB Trichet, Fed’s Yellen on Tap


The Euro fell back from a high of 1.4006 during the overnight trade to maintain the narrow range from the end of the previous week, and the exchange rate may hold steady throughout the day as the economic docket remains fairly light for Monday. The EUR/USD...
Posted in Uncategorized
Views 322 Comments 0 DailyFX is offline
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