eToro – Forex Trading Forum

[ramyembaby2008]

Dear Traders,,,,,

Thanks for your high rank respecting my economic article which was playing an axis role as

predictions which i tried to involve during our trading weekend came to be done in the 1st oct

as we see more drops in most majors(commodities and economic currincies) like seeing drop in

rates strated at least 200 pips like nzd/usd and 500 pips and more like gbp,EUR/usd as the TRAB

PACKAGE come into lightning way as the american congress allowed treasury sector to buy all

liquid mortgage backed securities from banks and financial instituations removing some

problems in their financial sheets.

Giving a choice in closing the financial instituations and banks could increase the lending and

raising their capitals again slolving the cridet problem aiming to restore the confidence in the

financial sectors,investors and consumer and give the practical unity to the general market

problem in USA .

As the trasury will take a time to resolve the problem so the market could be rebounded(having

limits to move up or down).

The most imprtant events could be happend next week and hoping not to trade b4 it by 1 hour at

least because of market ugly and high response:

1)RBA(Reserve Bank Of Australia) could cut the rate from 7% to 6.5 % or 6.75% which could push

the global markets to sell all AUD and NZD and some of gbp and EUR that came from the slow

down in demanding(buying) the commodities due to the slow down in global economy on tuesday

in thier time rush hour.

2)Also BOE(bANK Of England)will cut the rate on thursday and high gussing put that will cut the

rate from 5% to 4.75% and also could push the GBP to the 1.7000 Area and take care.

3)BOJ (Bank Of Japan) seeing a rate fixing at same level at 0.5% having less event on market as

usual.

I hope trying to push u higher and higher satisfying that u read my article and get Your useful

responses to Direct the way.

Thanks,,,

Ramy Embaby

[forexdaytrader]

hm interesting article mate!

[vikesh4]

in the forex trends the time is to put ur money on risin euro against dollar