Thursday, September 13, 2007

Forex Education Trading Strategies : Further Weakening of the USD Expected



We expect EURUSD test recent high of 1.3852 this week market participants that the Federal rates will reduce rates on Sept. 18 meeting. MAJOR center PREVIOUS SESSION AS foreign reserves (August), the amount to $ 70.4B 80.3B dollars previously. FR Industrial production Russia / annual terms (July), at 1.3% / 2.6% versus 0.4% / 1.2% expected. -0.5% / -0.8% previously. FR Manufacturing production Russia / annual terms (July), at 1.5% / 2.9% versus 0.5% / 1.4% expected. -0.5% / -1.0% previously. NO Russia CPI / in annual terms (August), at