Thursday, February 22, 2007

Forex News: 22.02.2007 The week is to close at 1.3110

The most important news of today is the preliminary GDP in Germany in the forth quarter of 2006, which rose to 0.9% from 0.8% in the preceding quarter. Industrial orders for the euro area in December will be also quite interesting. The index is expected to noticeably fall, from 1.4% to 0.3%.

Today ECB meeting on interest rate takes place. Sergey Popov, NorthFinance financial analyst expects the unchanged kea rate.

The week is to close at 1.3110 with further tendency of lateral trend for the next week, the analyst considers.

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