Excerpt from: Forex Analysis
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| January 31, 2008 | | U.S. dollar expected to be volatile in currency trading | Forex trading strategy for the U.S. dollar should keep in mind that it is likely to be volatile in the coming weeks and months. Knee jerk reactions to economic news, including yesterday's Fed rate cut, are the order of the day. The U.S. dollar has been moving inversely to the U.S. stock market, and that is also something to keep in mind during currency trading. Reuters reports on forex trading with the U.S. dollar:
"There's some more bad news on monolines which is spooking
investor sentiment on the general financial sector... The
dollar's been gaining in the past couple of weeks when stock
markets are losing out as a kind of defensive play."
| Topic Tags: currency trading, Fed rate cut, forex trading, forex trading strategy, forex trading U.S. dollar, U.S. dollar currency trading, U.S. stock market | |
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