DailyFX Forum - View Single Post - Trading Economic News

		DailyFX Forum
Sidebar Wrapper

1,081 Users Online

Thread: Trading Economic News

View Single Post

#558 (permalink)

06-09-2009, 10:21 AM

John Rivera John Rivera is offline

Moderator

Join Date: May 2008

Posts: 287

John Rivera is an unknown quantity at this point

RBNZ rate decision ahead which could start to weigh on the "Kiwi" with speculation increasing that we may see a 25 bps cut. Consensus estimates are still calling fro a rate hold as there are enough signs that the global economy is stabilizing to allow the central bank to wait and measure the impact of prior easing. The U.K. NIESR GDP estimate will follow and if we see a improvement in growth, it could add to recent Sterling bullish sentiment.

__________________
John Rivera is the author of Market Brief, Top FX Headlines, and Forex Trading Weekly Forecast on DailyFX.com.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.