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forex brokers in uae

As we noted in our forex trading weekly forex account uae outlook report,.

Last week, the GfK Consumer Confidence survey revealed that expectations of future savings have fallen to the lowest since 1996. Sentiment dropped to 40, the historical money market rates worst since the survey was introduced in May online forex trading in uae 2004. The British best foreign exchange commercial paper to boost access to lending. The dire economic foreign exchange training environment has boosted unemployment, cut disposable incomes, trimmed consumption, and left UK households uae forex account with little left over to build savings.

As more people lose their jobs, savings are substituted for salaries; assuming forex forex trade autopilot system review per today's report that the labor market continues to deteriorate, these best forex broker in uae savings are unlikely to be replenished adequately and will be depleted; this will accelerate the drop in consumption and depress overall economic growth. A whopping 82% of survey respondents characterized the current economic situation as #x201C;bad#x201D;, and 61% said there were not sufficient jobs available. high yield money market accounts

For the first time since September, over half of respondents said currency trade across Asian exchanges. Australian Retail Sales dasya sharply higher, adding 3.8% in December, the most in over 8 years. Key Overnight Developments#x2022; Australian Retail Sales Rise Most Since 2000 on Rate Cuts, Stimulus Plan


 * 1) x2022; UK Consumer Confidence forex trading account india Fell to Lowest in 4 Years, Says Nationwide


 * 1) x2022; US Dollar, Japanese Yen Retreat on Rising Risk Appetite

currency market

The Euro consolidated in a narrowing range around the 1.30 level in the overnight session. Euro Zone Retail Sales are on tap, but risk appetite is likely to retain dominance forex charts online over forex price action in European trading hours.

Overnight index swaps see traders pricing in the likelihood that this will be the last cut for next 12 months. Asia Session Highlights

In the UK, Nationwide Consumer Confidence fell more than economists expected. Eroding savings signal that the UK recession may intensify in the coming months. Taken together, these figures paint a sobering picture.

The Bank of England is expected to cut interest rates by 50 basis points late this week to bring borrowing costs to 1%, the lowest ever.