Tuesday, December 19, 2006

Forex forecast factors

To predict the Forex market changes it’s necessary to take into consideration the following upcoming events:

1. Prime rates decision by the Japan Central bank. Most of specialists think that Japan rates will grow before the end of year. If it’ll be so, the exchange rate USD/JPY may fall lower than 118.00. Some even say that it can be lower than 117.40.

2. European currencies are waiting for the publication of indexes by German Ifo. According to forecasts they can influence the decreasing of the European currency.

3. Most of experts are waiting for upcoming American economic indicators such as Producers’ Price Index. They say than it may lead to USD growing.

No comments: