Excerpt from: Forex News
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| August 17, 2009 | | Currency trading on the FX market | Risk appetite is taking a pounding today in forex trading on the currency market. With investors realizing that a V-shaped economic recovery isn't going to happen (many economists and analysts think it will be U-shaped), risk appetite is falling out of favor.
Indeed, in currency trading on the FX market, the risk appetite trends could no longer be supported. This is on the heels of an inability for the markets to support recent bullish action in equities and commodities. (Oil has dropped significantly.)
Indeed, it appears that things are correcting in a major way today in currency trading on the FX market. It will be interesting to see where things go from here, and what it means for the economic recovery.
| Topic Tags: commodities, currencies, currency trading, equities, forex trading, FX market, oil prices, risk appetite | |
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