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Do you know where the GBP/USD is going? Currency Trading

Posted by James Breen at 3 October 2008 4:14

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Oct. 3, 2008 (Allthingsforex.com) – In the week ahead, traders will focus on three activity measure announcements from the Reserve Bank of Australia, Bank of Japan, and Bank of England, as well as on the impending G-7 finance ministers and innermost group council gathering, scheduled to arise on Friday, October 10. In preparation for the new trading week, here is a fast look at the most important monetary dealings that every currency broker should pay mind to. Monday, Oct. 6 will institute ..Read the respite of this publicize.

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The Japanese currency is growing weaker everyday as carry trades continue with full steam, taking the JPY to 121.80 against to USD and 241.10 against the GBP. 0.7% 3.6%. It looks as if we are not going to see a rate hike from the Bank of Japan, at least not in June. As for today there are no major news releases expected, and traders will probably keep out of JPY trading and focus on USD trading as most of the Price action will be US centered.


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