Tuesday, December 26, 2006

Forex News: 25.12.2006 EUR/USD is not to cross 1.3200


“Serious movements are not expected to take place at the Forex market this week. The market is limitedly volatile, Artem Enshin, NorthFinance financial analyst says. ” No news are published on Monday and Tuesday, the Catholic world celebrates Christmas, its major holiday.

On Thursday, weekly jobless claims in the USA are published. The index is expected to rise from 315K to 320K. The index of consumer confidence is published the same day. The analysts expect its successive drop to the level 102.0. Let us remind that in November the index of consumer confidence dropped to 102.1 after 105.1 in October. In September the index was 105.9.

“On Friday, Gfk consumer confidence in Germany is released. The analysts expect the index’s increase to 9.5 from 9.4 in the preceding month.

EUR/USD is not to cross 1.3200».


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