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
|  | | May 13, 2008 | | Will the greenback strengthen in currency trading? | Yesterday the greenback showed strength in currency trading on the FX market before falling back a bit. Today, though, the US dollar is gaining again on the currency market.
The forex trading forecast for the US dollar will depend a great deal on the economic data (retail sales especially) released this week.
This data could help decide traders between the view that current policies are promoting the greenback in currency trading as economic troubles draw to a close and the view that a US recession is just beginning.
| Topic Tags: currency trading, currency trading FX market, economic data, forex trading, forex trading forecast, forex trading US dollar, FX market, greenback currency trading, US dollar currency market, US recession | |
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