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Forexpros.com Daily Analysis - 09/03/2010
[color=black]ForexPros Daily Analysis March 9, 2010
Fundamental Analysis: JPY - GDP (QoQ)
Traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY. Analysts predict a reading of 1.00%.
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Euro Dollar
The slightly surpassed 1.37, but only to retreat right after. We believe that the most important thing that happened in the past 24 hours is the Euro
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Linear Mode
