Advertisement
Last Articles
- FOREX Brokers - Interbank Market
- Forex Misconceptions
- Structure of the Forex Market
- Tricks Of The Successful Forex Trader
Last News
EUR/USD: EURO is being corrected after steady growth
The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning awaiting outcomes of the U.S. Federal Reserve meeting.
By 9.05 Moscow time the Euro is at 1.4381 against yesterday’s closing level of 1.4411.Steady growth of the Euro in the last few days is explained by the relative stabilization in the Greek issue. It became known yesterday that Greek government passed a vote of confidence in the Prime-Minister, Mr. Papandreou, who intends to bring forward a draft of more significant reduction in government spending.
Two- day meeting of the U.S. Federal Reserve will be finished today and regulator’s decisions on interest rate, as well as the data on the economic forecast will be made public tonight. In general, if the Euro will be able consolidate its grip above the level of 1.4450 it will be prerequisite for climbing in the area of 1.47.Most likely the pair EUR/USD will not go beyond the range of 1.4350-1.4480at the trading session on Wednesday.
[More]