Evening Update from London - FX Solutions

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by: fxsolutions
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Date: Wed, 12 Oct 2011 Time: 2:57 AM
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Neil Looker, Head of Institutional Trading at FX Solutions (http://www.fxsolutions.com/), provides traders with an overview of forex market activity from London on 21st September 2011.

"Another day of volatile markets within the ranges with no resolution to the European debt crisis as we head into the FOMC.

The Italian downgrade from the Standard & Poor's was expected but the push lower in Euro/$ was caused by the negative outlook but with rumours of the ECB buying Spanish and Italian debt along with the SNB rumoured to be moving their EURO/CHF band to 1.2500. The euro took the weak stops out above 1.3730 before falling.

I'm expecting more range bound markets this side of the FOMC with, no doubt, more comments in Europe providing volatility. But in my mind QE3 will not happen tomorrow night (London time) from the FOMC and we will see the can kicked a little further down the street with a ‘ twist ‘ scenario from the Fed."

For more forex trading tools from FX Solutions, visit http://www.fxsolutions.com/learning-tools/

About the Author

Forex trading involves substantial risk of loss and is not suitable for all investors.

About FX Solutions

FX Solutions is a leading forex trading broker with a focus on advanced trading technology, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions' products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more information on forex trading, please visit www.fxsolutions.com www.fxsol.co.uk and www.fxsolutions.com.au