Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Forecast
|  | | April 29, 2008 | | Currency trading on the FX market | Interest rates are going to play a large role in the forex trading forecast over the next couple of days. The US dollar is waiting on tomorrow's Federal Reserve decision about interest rates. It is expected that another 25 basis point will be cut. But the point of optimism is that the Fed is expected to indicate that it will pause in its cuts.
The Bank of Japan is expected to keep interest rates the same, at 0.5 percent. Additionally, the Bank of England is considering economic data as it mulls the possibility of interest rate cuts further in the future.
| Topic Tags: Bank of England, Bank of Japan, currency trading, economic data, forex trading, forex trading forecast, FX market, interest rates, US dollar | |
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