www.bforex: Cautious Trading Persists

The Forex markets have been apprenhensive. The Euro & Gbp have range traded against the Usd.

Economic figures have not helped investor sentiment and concerns with regards to the global economic prospects are creating a drag on equities and commodities markets.

The AUD has been marginally weaker.

The ECB & BoE will hold their monetary policy group meetings today. No shocks are expected. As always the press conference with ECB President Trichet will take center stage.

Trichet is a skilled economic actor, but questions remain about Greece, and his solutions will be of great interest.

The U.S. releases weekly Unemployment Claims today, and the unemployment numbers have not done anything to sooth investors the last couple weeks.

Inflation data will arrive from Germany tomorrow. And the U.K. will publish inflation outcomes coupled with Manufacturing Production information.

Risk appetite is going to be tried before going into the weekend.