Forex Tuesday will be HOT!

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At the same time the British currency was going up, which was the good news for British market Forex participants. The expectations of GDP of the United Kingdom of Great Britain and Northern Ireland to grow pretty much were an excellent support for the British pound. So, GBP/USD was to reach the point of 1.6259 and to finish the Forex trading day at 1.6245.

On Tuesday, January 26, 2010, there are some very important news to be released almost in all parts of the world. For example, GDP change will be announced in Britain. Import price index and info about IFO Business climate are to be published in Germany and consumer confidence index & house price index gonna be published in the United States. So, EUR/USD is likely to fall down again and go to the point of about 1.4050 under the pressure of the news. GBP/USD might also roll down and reach 1.6150. Read the full version of Trading market analysis right there.