Forex, Dollar, Euro, GBP, Yen and Other Currencies :}: Interest rates could present the pull back

Sunday, May 31, 2009

Interest rates could present the pull back

This
week’s trading sessions are going to be action packed, with Australia
scheduled first to take the stage. As all the central banks are
expected to hold this time round, intraday movements could present
traders with potential setups, especially for swing traders. In
addition to the rate decisions, GDP figures are expected to be released
in a few of the regions, while England will be releasing its inflation
numbers. Towards the end of the week the U.S will release the catalyst;
the NFP result- known to be a major market shaker. Non-farm payrolls
are expected to show a lower contraction compared to last month’s
figure while the unemployment rate is expected to jump to a whopping
9.2%.
It is important to note that even though the unemployment rate
has been increasing on a monthly basis, investors are pushing the data
aside, still heading back into riskier assets.
To view the full economic calendar click here.

Due
to recent price movement it now seems more important to ask when
economic data will start to show major improvement, giving the current
rally some major backing, driving it even higher.