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
|  | | October 14, 2008 | | Forex trading forecast dependent on U.S. government | Right now, things are a little choppy in currency trading on the forex market as U.S. Treasury Secretary Henry Paulson prepares for a press conference in about an hour and a half.
Paulson is expected to speak at about 8:30 Eastern this morning, addressing the economy and laying out a bank plan designed to help the ailing U.S. financial system. The plan appears to be somewhat similar to the European plan unveiled recently.
However, the U.S. plan is expected to force banks -- even banks that are doing well right now -- to take government money. The forex trading forecast is in abeyance for a little while, as the outcome of the conference is awaited.
| Topic Tags: bank plan, currency trading, currency trading forex market, forex forecast, forex market, forex trading, forex trading forecast, Henry Paulson | |
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