Tuesday, February 20, 2007

Forex News: 20.02.2007 The Forex market is going to be speculative today

Sergey Popov, NorthFinance financial analyst: “The significant news of today was PPI for Germany, which was up to analysts’ expectations. Budget deficit for Britain (PSNCR) is also interesting today. In the preceding month, the index was 13.4bln stg, this month it is expected to drop significantly, to -21.9.

But the market’s attention will be dwelled to the gossips whether FOMC increases its interest rate or keeps it unchanged.

The market is going to be strictly speculative today, the volatility is expected. EUR/USD is traded in the corridor 1.315, GBP/USD - 1.95, USD/JPI - 120”.


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