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FX.co ★ Fundamental Analysis, January, 12 / 2012

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Forex Analysis:::2012-01-12T13:59:20

Fundamental Analysis, January, 12 / 2012

Be known in a few minutes monetary policy announcements from the Bank of England and European Central Bank.

In this regard, no changes are expected in the respective interest rates, although the attention of investors in the first case, is set in ads for stimulating the economy through the purchase of bonds. This explains the fall of the pound sterling on all fronts during the European session on Thursday, adding to a similar move the day before, induced by a December trade balance very negative.

As for the ECB, while not expected to change in the rate for this meeting, no one ruled out once or twice it is cut during the first half of 2012, which will depend, of course, that is a solution to less precarious to the crisis plaguing the entire European continent, with the exception of Germany.

However, before the free listings and the euro recovered positions without losing ever since and its dominant downtrends. Something similar happens with the Swiss franc, which fell to its lowest rate in 11 months he played on Monday and currencies linked to gold and oil, what are the Australian dollar and Canadian dollar.

The day's news agenda is led naturally by the notices referred to, whom the press conference following the ECB's President, Mario Draghi, starting at 8:30 Eastern. At the same time, the U.S. will be announced in December retail sales and weekly jobless requests, so that time becomes a critical point of the day.

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