Wednesday November 18, 2009 - 21:11:29 GMT
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GVI Forex Discussion Points 18 November 2009 LateForex Trading Discussion Points
Daily Edition for 18 November 2009
20:00 GMT- TRADING SCENARIO: Forex markets finally came back to life on Wednesday. Although trading conditions were still difficult. Several noted that this was a headline-driven market. Early in the day, the latest BOE MPC minutes disclosed that there had been a three-way split on the latest vote to expand its quantitative ease. This news came as a surprise to the markets who had anticipated a unanimous vote. The headline weighed on the GBP.
U.S. data did not create much of a stir. However, the markets were awakened by a comment attributed to a regional Fed President. A wire headline reporting a speech by St. Louis Fed President Bullard stated that...
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