BOE Rate Decision – 07/09/09

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7:00am (NY Time) UK Interest Rate Decision Forecast 0.50% Previous 0.50%

Definition
Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.

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Update
This is a psoitive trade with 51 pips of profit based on three session rule method.

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

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