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Feb 13, 2012 05:35AM GMT
     
 
  New York   London   Tokyo 
   
 

US recession and problems come by Bernanke and Bush politics only

By   |  General Overview  |  Jan 24, 2008 12:00AM GMT
 
 

EUR/USD (1.4622)

European & US sessions forecast levels: 1.4550/1.4690

Trend Sessions: European – Neutral

                           US – Neutral

Market Focus: 8:30 AM Initial Claims, 10:00 AM Existing Home Sales, 4:00 AM German Ifo Business Expectations Index, German Ifo Business Climate Index, 11:35 PM ECB President Trichet Speaks, 2:30 PM Alan Greenspan Speaks.

Daily Strategy: The key question on the forex market remains the interest rates politic. The traders expect new cut of the key benchmark interest rates on January 30th with new 50 bps. Bernanke will try to help to the US economy after his serious mistakes that lead the world biggest economy into recession. The crisis and recession in USA is based just on mistakes of Bernanke and Bush administration.

At the same time ECB president Trichet stop talking about new increase of Euro Zone interest rates, but remain firm that is not necessary interest rates cut. Most of the investors predict ECB to start with interest rates correction into downward direction at the second half of 2008. For today we expect on the market mix trading with bigger chances for downward correction of EUR/USD.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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