Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Forecast
|  | | April 14, 2008 | | Currency trading on the FX market | The forex trading forecast for the euro/US dollar is for the US dollar should begin dropping again. Even though the greenabck got a bit of a boost in currency trading on the FX market following the G7 meeting, those gains are starting to disappear this morning.
Economic data, along with earnings data from companies on the stock market, is expected to undermine the US dollar in FX trading. Reuters reports on euro/US dollar:
"(So) it's business as usual -- we get a lot of data from
the United States this week, but we also get a lot of earnings
... I fear (we will get) more dollar/selling," he added, noting
the euro could well break above $1.60 in coming days. | Topic Tags: currency trading, currency trading FX market, euro/US dollar, forex trading euro/dollar, forex trading forecast, G7 meeting, US dollar FX trading | |
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