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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Wednesday, July 14, 2010

US --Economic Outlook downgraded by FOMC ??

The following Data Release may affect Sentiments near terms: on USD :---


FOMC MINUTES INDICATE A FED DOWNGRADE of the the US outlook for 2010 and 2011, 


FOMC revised down its 2010 and 2011 projections for GDP growth and inflation while pushing up its unemployment outlook from the April forecasts; 


**GDP down to 3.0%-3.5% from 3.2%-3.7%, unemployment to 9.2%-9.5% from 9.1%-9.5%**

A DETAILED ANALYSIS ON THE IMPACT OF the above data release both near term/short term/mid term will be posted here.

Meanwhile, be sensitive to the effect of the above and look out for trend and markets sentiments reversals

Note:** Data extracted from FOMC recent public Release






Happy Trading

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