Wednesday on the market

Wednesday, January 27, 2010 can also become the day of USD. The American currency is likely to be supported by the news releases from the United States on new home sales and DOE US inventories. But the main news, which will be awaited by all market participants, is of course, FOMC decision about the interest rate. The rate is predicted to remain without changes, but if it’s changed, the market will be turned inside out in a moment. So, GBP/USD is likely to continue falling and reach the point of 1.6080. And EUR/USD might also roll down and even break through the important psychological point of 1.4000. Please, read the full version of Market trading analysis