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Upcoming important economic announcements: 222012 4:30am EST: Britain Construction PMI 8:30am EST: United States Unemployment Claims 10:00am EST: United States Fed Commoddities Bernanke Testifies Click Here To View The Previous Days Forex Trading Commentary 31st January 2012 Trading Setups Chart in Focus: The GBPUSD failed to close above the key resistance at 1.

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Rough Formula: PV01 PVr0 PVr1 Where: PVr0 present value of bond or trade Bfst rate now PVr1 present value of bond or trade using rate previous Duration: The approximate percentage of value the bond or trade will lose for a 1 increase in interest rates.

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