Friday, Jan 09, 16:44 GMT
FOREX INFORMER
The Week Ahead
Historically low interest rates to boost economic recovery
The week we leave behind has reminded us the negative economiic moment we are goingh through, a situation with complicated solutions, we have seen some exampler this week, namely in England ith the Boe cuttin interest rates once again, to 1.5% this time, the lowest Bank Rate since the bank started to set monetary policy in 1694.
In the Euro Area economy continues looking gloomier and gloomier, with unemployment figures rising at a fast pace and industrial production declining as fast. germany, the main economy in the Euro aresa has seen evidence of the decline of its Industrial sector, manufacturing production flass continuously, and factory orders have weakened to historically low levels.
The situation in the U.S. does not show any considerable improvement. The FOMC minutes have described the current situationin rather negative terms, and the employment report this week has confirmed the worst expectations, 2008 has closed with a loss of 2.3 million jobs in the U.S., the wo4rst number since 1945.
next week we have several important indicators, focus will be, mainly in the ECB's monetary policy decision on thursday, the bank lending key rate in the Euro Area is now at 2.5% and rumosr has that the ECB could follow the BoE and trim rates by some 50 b.p. in yet another attempt to kick start economy.
U.S. retail sales will be published on wednesday, an impotrtant indicator to assess the impact of the whole economic downturn upon consumption.
Weekly Focus - "Unorthodox situation requires unorthodox response" by Danske Bank A/S
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Editor's Pick
USA: Another grim payrolls report by Danske Bank A/S
Fri, Jan 9 2009, 15:50 GMT
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Live Sessions Schedule
Forex Basics Series: Chapter 1 − Trading System
Expert: Valeria Bednarik
Start: Mon, Jan 12, 12:00 GMT
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Jan 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 9, 17:27 GMT | Non−Farm Payrolls Live Coverage | Nick Nasad | Q&A | |
| Mon, Jan 12, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Jan 12, 12:00 GMT | Forex Basics Series: Chapter 1 − Trading System | Valeria Bednarik | WBN |  |
| Mon, Jan 12, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Mon, Jan 12, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jan 12, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
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Press Releases
ACM USA suspends its US operations
ACM USA's licensor, ACM – Advanced Currency Markets SA ("AC−Markets"), sets the course for the future growth of ACM. The ACM Group proudly announces the planned reorganization of the ACM family into a single, global entity.