Forex forum Forexforum.net Forex news Forex forum
Forex tutorial Forex brokers Contact us
 
TOP OF THE FORUM  

Go Back   Forex Forum > ForexForum.NET - The Worlds leading Forex Forum > Current Market Sentiment and daily forex trade recommendation
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Current Market Sentiment and daily forex trade recommendation The current market sentiment and daily forex trading recommendation



Closed Thread
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 06-08-2004, 09:08 PM
FX Consultant
 
Posts: n/a
Default The Current Market Sentiment

EURUSD
USD has got a considerable help from the US consumer confidence of June
as it has come over 100 and the expected was just 95.
We recommend you to be light these days waiting for the US labor
report. The market can be volatile on the waited FOMAC`s decision and its
economic assessment on outlook of further rate hike.

USDCHF
Handing over the sovereignty to Iraqis has looked to the market helping
the USD and reducing the risk in IRAQ. the USD can be negatively impacted by a wide expectation of a weak Chicago PMI data which can be followed by a weaker US ISM- manufacturing numbers


GBPUSD
GBP was negatively impacted by a slow down of the mortgage debt and the
housing prices in UK ensuring the sentiment that there is no rate hike
soon in UK. see this week CIPS data and tomorrow CBI survey.

USDJPY
JPY has got a shock from the industrial production of May it has come
.5% and some analysts were expecting 3.5% and it was generally expected
to be 2.5%. This small rise has dampen the JPY but the tankan survey is
still cooling the pair from further decline as its expected to show
further robust data from Japan.
Received Warning
Closed Thread


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 05:19 AM.






forex software - forex - forum forex- annuaire forex - forex
Forex news - Forex calendar - Forex forum - Forex tutorial - Forex glossary - Forex brokers - Forex books - Forex links