Thursday, August 13, 2009

where will we keep the money today?

Shall we?
let say the prefered pair to trade is GBPUSD. the fundamental data showed Great britain claimant count change to result worse than previous but somehow better data than expected. the scene behind might be because not so many people up for claim anymore since the economy is not accelerating.however the average hourly earning increase to better than expected to 2.5% from 2.3%. However the unemployment rate than formerly known to increase came up worse than expected to 7.8% from 7.7% expected over 7.6% previously.
overall market is still flat, and yet traders are waiting for the BOE Inflation report to be published on 5:30p.m (MAStime) followe by BOE gov A. King speech.
if it is dovish, pound will be more weaker and hawkish will bring a temporary increase in pound before the U.S FOMC meeting on thursday to determine the strenght or even the weakness of dollar.

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