Forexpros.com Daily Analysis - 01/02/2010

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Forexpros Daily Analysis February 1, 2010


Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Swing and Longer Term Forex Traders.

Expert: Sam Seiden
When: Thursday, Feb 4, 2010, 11:00 EST

During this session, we will apply what we learned during session one to the world of swing and longer term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities for Forex swing and position trading.
This webinar is the last of a three part series brought to you by Online Trading Academy and Forexpros.

to join free.

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Fundamental Analysis: Halifax House Price Index

Traders of the UK await the publication of the Halifax House Price Index.
Change in the house and property prices financed by Halifax Bank Of Scotland (HBOS), one of the largest UK mortgage lender. This report helps to analyze the strength of the UK housing market, which helps to analysis the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Analysts predict a reading of 0.90%, down from the previous 1.00%.

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