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My Forex experience and some Forex related information that might be useful to other traders

Pound Breaks $2 Level

April 17th, 2007

Today after CPI report came out to be higher than expected (Consumers Price Index in March (YoY) reached 3.1% against expected 2.8%), GBP/USD broke through the historical $2 level and is floating now in 2.0030–2.0070 range — the highest since 1981. Looks like bad times for USD have came. On the other hand it’s nearly a perfect time to enter long on USD, because the correction will certainly follow. Though, Forex market can’t be treated that simple.


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