Traders Will Be Keeping A Lazy Eye On The BoE Tomorrow

The Dollar was mildly firm today against the majors. Traders will be keeping a lazy eye on the BoE tomorrow, though most expect no change in the key rate. Analysts are expecting a follow-up commentary that emphasizes a "wait-and-see" approach to any further rate actions. Recent weak pronounces from the government, and continued soft industrial activity have led to increased fears that a lowering may be in the cards for early 2006.

There are, however, two bad ticks on the FX Trek desktop charts. One in the USD/CAD daily chart, and another in the EUR/USD one-minute and five-minute charts around 9:40 a.m. CST. I have informed FXTrek of this issue and hope to have it remedied soon.

For More Information Forex Markets, Click Here