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| | August 08, 2008 | | Greenback gains in currency trading | The US dollar is strengthening today in forex trading. The greenback is making gains in currency trading on the FX market as oil prices fall and as economic data continues to show that the eurozone economy is slowing.
| Topic Tags: currency trading FX market, eurozone economy, greenback currency trading, oil prices, US dollar forex trading, US dollar strength | |
| | August 07, 2008 | | Currency trading with euro/dollar | Currency trading with euro/dollar has been a bit choppy the last couple of days. With euro rising in forex trading against the US dollar yesterday, before falling back, things have been a bit volatile.
And now, the same bit of choppiness is appearing today. The euro is advancing overall against the dollar in FX trading as the ECB remains the same, maintaining the euro's interest rate differential. However, the euro has begun paring gains in forex trading.
The euro is also gaining against the UK pound in forex trading.
| Topic Tags: currency trading euro/dollar, dollar FX trading, euro forex trading, euro FX trading, forex trading US dollar, UK pound forex trading | |
| | August 06, 2008 | | Currency trading with the sterling | The UK pound continues its fall today in FX trading on the currency market. Currency trading with the sterling should consider that the British economy is slowing down at a rapid pace as overstretched consumers become a very real issue.
Some predictions are that the UK pound could fall below $1.93 in FX trading in the coming weeks, setting the sterling up for a "very hard landing" according to Bloomberg.
| Topic Tags: British economy, currency market, currency trading, currency trading sterling, FX trading, FX trading currency market, UK pound FX trading | |
| | August 05, 2008 | | Forex trading with the greenback | The US dollar is gaining against the majors in currency trading on the FX market today. Forex trading with the greenback should consider its strength, especially against the euro this morning.
Right now, the US dollar is deriving strength from two main factors:
- Worries about demand have oil prices in something of a freefall, with prices below $120 a barrel.
- The Fed will announce its interest rate decision today at 2:15 Eastern, and things are expected to remain steady. However, the Fed is also expected to announce a concern over inflation, which should serve to raise expectations of a rate increase in the near future.
| Topic Tags: currency trading FX market, Fed, forex trading euro, forex trading greenback, interest rate, oil prices, US dollar currency trading | |
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