Russian English German Italian Spanish Portuguese Chinese French Japanese Korean
NEWS DIRECTORY FORUM FINANCIAL FORECASTING FOREX GUIDE
Members access
Email:
Password:
home based business opportunity

Sign up now.
Forgot password?

Choose Category
 Forex Forecasts
 USMarket
   
   INFORMATION
 About
 Business support
 Feedback
 Forex informers
 Easy Forex
 Glossary
 Forex Market
 Forex Brokers
 Forex Trading

Customer quotes
[an error occurred while processing this directive]
D

Contact

  Email: click here
  Tel: +1 312 2390929

Forex · News · Forex Forecasts

NEWS / Forex Forecasts

EURUSD, GBPUSD. Activity of market is lowered because of weak base over the USA and EU.

22:51 10/03/2007

Euro quotations were consolidated near a mark of 1,41 dollars for euro. The market is dull on a background of the weak base, both over the USA and Eurozone.

 

The European politicians and businessmen expressed fears concerning increase in euro rate. The euro reached "a sensitive threshold for the European companies" and politicians of Eurozone should put pressure upon the USA, Japan and China to carry out revaluation of their currencies before a forthcoming meeting of the G7, largest European business-lobby declared.

"After crossing a level of 1,40 against US dollar and a high estimation against the Chinese yuan and the Japanese yen, the exchange level becomes sensitive for the European companies", - the President of the European Federation of Businessmen BusinessEurope Ernest-Antoine Sair told to Jean-Claude Junker, Head of Eurogroup, in his letter from October, 2nd.

 

Meanwhile ISM service index in September dipped to 54,2 against 58,0 in August. The index for September was revised upwardly in comparison with an initial estimation 54,0. Value of the index above 50,0 means growth in the given sector and value below 50,0 - slowdown. PMI of Eurozone also showed delay of growth in the given sphere in September as euro rise affected negatively the export.

 

The similar index over the USA as in services sphere and in industrial as well demonstrated reduction.

Drop in players’ activity in the market also was caused by expectation of ECB decision on the rate, which will be published on Thursday. The majority of analysts consider that ECB rates will remain at a former level, therefore most likely the status quo in alignment of forces on forex remains.

 

Recommendations hold good: On the open positions: stop on euro is kept at fixed profit at a level 1,4099.

 

* Printer-Friendly Version * Send This Page * Add to Favorites * Comments
Prev All News Category News Next

World Time
Calendar
 October, 2007
Sun Mon Tue Wed Thu Fri Sat
  01 02 03 04 05 06
07 08 09 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      
ADV
Forex NewsAdvertise
Resource
Forex Forex Guide
Forex Analysis Forex News
Forex Broker Foreign Exchange
Forex Directory Russian Forex
World Market
Market Snapshot
Stock Quotes

19/12 21.15
TickerBidAsk
USD/CHF1.15601.1562
GBP/USD1.99541.9956
USD/JPY113.4100113.4300
EUR/USD1.43521.4354
AUD/USD0.85770.8581
USD/CAD1.00521.0056
EUR/GBP0.71920.7194
EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
GBP/JPY226.3000226.3600
GBP/CHF2.30702.3080
Forex â êðàñíîäàðå
Forex â êðàñíîäàðå
Major world indices

| Forex Trading | Business catalog | China Real Estate | Forex Broker | Forex Market | Forex Forum | Investing resources |
© Copyright 1998-2006 OpenForex.com - forex trading, brokers, financial forecast