Trading News Archive - January 2008

In Depth Analysis

GBP/USD - Sterling double top worries investors as USD looks for short term gain. - The central bank reduced its benchmark interest rate by half a point to 3 percent yesterday, eight days after an emergency three-quarter point move, the fastest easing of monetary policy since 1990. The Fed left the door open to more cuts by saying i

Commodities News

U.S. crude oil futures fell more than 1 dollar to the level of 91.23 - ..crude oil prices to drop from record high of 100.09 dollar a barrel

Gold Future rose toward its record high above $930 an ounce - A U.S. rate cut reduces the opportunity cost of holding dollar-priced gold

Forex Daily Analysis

The Fed cut the rate again by 0.5% and leave the borrowing cost at 3.0% - Today, the main focus will be on the Core PCE Price Index m/m and the Unemployment Claims in U.S. Also, in Canada will be released GDP m/m at 13:30 GMT.

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Real Time Forex Calendar

Event Date

Consumer Spending m/m(EUR)	21.11.2008 07:45
Manufacturing PMI(EUR)	21.11.2008 08:00
Services PMI(EUR)	21.11.2008 08:00
Manufacturing PMI(EUR)	21.11.2008 08:30
Services PMI(EUR)	21.11.2008 08:30
Manufacturing PMI(EUR)	21.11.2008 09:00
Services PMI(EUR)	21.11.2008 09:00
Italian Retail Sales m/m(EUR)	21.11.2008 09:00
Core CPI m/m(CAD)	21.11.2008 12:00
CPI m/m(CAD)	21.11.2008 12:00

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