Daily Forex Commentary for August 4, 2009

August 4th, 2009 • Related • Filed Under




August 4, 2009

Focus in Forex Markets May Shift Toward Central Bank Activity

Today’s better than expected manufacturing reports from China, the Euro Zone, the U.K, and the U.S. seem to indicate that investors have accepted the possibility that the global economy may have righted itself and is now poised to improve even further.

Because of these recent friendlier economic events, Forex traders may begin to focus on central bank activity this month rather than just the economic reports. On Thursday, August 6, the Bank of England and the European Central …
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