section-divider | | Financial news on the future of the Forex market
Daily forecast of the Global Forex forum.
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| | Wed, 08 Feb 2012 10:26:28 -0500 | | | Sterling could drop in forex trading Tomorrow, both the ECB and the BOE are expected to make interest rate and monetary policy announcements. The ECB is expected to remain steady, and the BOE is expected to increase its asset purchase program. Kathy Lien offers a look at a comparison between the economies of the eurozone and Great Britain. It becomes clear that in Britain things are still struggling along, and, as a result, policymakers at the BOE want to inject more cash into the situation. The forex trading forecast for the sterling, then, is likely to point lower. Indeed, today the sterling remains down against the US dollar, even though the euro has largely recovered its earlier losses. This is likely to be a forecast of the future, in which more easing will send the sterling lower. See Also | |
| | Mon, 06 Feb 2012 10:54:32 -0500 | | | Euro in forex trading Lately, the euro forex trading forecast has been fairly choppy. And, today the euro is lower in forex trading on the currency market. However, if Greece figured out, a euro rally could be the result. Right now, euro is down on the news that talks regarding a Greek bailout deal have been suspended. While the Greek Prime Minister insists that some progress has been made over the weekend, there are still issues that need to be hammered out, and that is providing some concern for many. Even though risk aversion is high right now, though, there are hopes for the future. If the eurozone can hammer out its problems, then there is a good chance for a significant euro rally in the future. See Also | |
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