Excerpt from: Forex News
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| January 11, 2010 | | Will the economy follow the markets in recovery? | It appears that things are headed for recovery right now in various financial markets. The risk trade is making an appearance, with the dollar down against the euro on the forex market, and commodities are starting to regain the upper hand.
Another indication that recovery could be coming is the economic news out of the U.S., and the trade balance data out of China. Action Forex points out that now is the time to take advantage of a coming recovery:
The big idea I took from it: don’t let the economy dictate your
participation in the markets. More specifically, the market is the
leader; the economy is the follower. A nasty unemployment line (among
other things) can be a distraction that keeps you from getting back
into a market that’s already recovered.
| Topic Tags: dollar, economic recovery, economy, euro forex, financial markets, forex market, markets, risk trade | |
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