Unencumbered Will Sterling Manufacturing Data Forex

Sterling is still hanging around the area on Wednesday after the corrections away from the 1-month highs against the U.S. dollar yesterday mainly triggered by a sell-Pound against the Euro from a number of investors in order to meet the needs of the end of the month.

Prospects for UK economic recovery that has not been evenly Sterling also burdensome. Some analysts expect the manufacturing PMI data to be released Wednesday will be weakened, and negative surprises will push Sterling continued to decline as market expectations of interest rate hikes in the near future.

"The last few weeks Cable rates rose despite expectations of weakening, so we had to slightly adjust," said Paul Robson, a senior currency analyst at RBS Global Banking. "And at the end of the month many people may have to do the rebalancing of the data while Britain is still much weaker than other countries."

Forex job Trade

this time i would like to introducing forex trading strategi.
ok let see analise about Decrease in Gold = Correction instant

Gold prices fell due to reduced fears of debt crisis Greece today (31/05). But the weakening dollar is still giving support to the precious metal. Gold slipped from a high level 4-week ($ 1540) yesterday after European leaders meet to discuss bailout for Greece's second. Technicians Reuters, Wang Tao, predicting gold will retrace to $ 1514.

"The decline of gold is merely a correction as the decrease in anxiety over Greece," said Darren Heathcote, bigwigs Investec Australia. The market is quiet with the resolution. Technically, gold may continue with the correction, but there is no reason gold passed $ 1,520. Greek debt crisis has not been fully resolved so that the market remains skeptical of the ability of state funding problems in the euro-zone.

The weakening of the dollar managed to reduce further decline in gold. However, investors want to see the details of U.S. employment data that will be released Friday to see how strong the recovery. Especially when Uncle Sam's country economic indicators weakened lately.