EUR/USD Narrow Ranges

Euro/Dollar would trade in narrow ranges before Fed’s decision today and ECB meeting on Thursday

News and Events:

The Dollar rose against the Yen on Monday as the Oil price's drop to a three-month low and some better US economic data generated optimism about the economy outlook. But caution ahead of Tuesday's Federal Reserve meeting to decide on US interest rates saw the Dollar ease against the Euro.

Data last week showed that the US economy expanded at an annual rate of 1.9% in Q2, up from 0.9% in Q1 of 2008. That raised outlook of higher US interest rates by the end of the year. But analysts generally expect the Fed to leave its benchmark overnight lending rate steady at 2% on Tuesday and deliver a neutral statement on future policy.

Traders will also await rate decisions from the Bank of England and European Central Bank on Thursday. ECB President Jean-Claude Trichet's statement may focus on rate-raising possibility.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

ForexGen principals:

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.