Excerpt from: Forex Forecast
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| January 26, 2010 | | Forex trading forecast for the greenback | The U.S. dollar is awaiting economic developments in a number of quarters this week. While the dollar has gotten a boost in currency trading, thanks to risk aversion due to news out of China, there are still concerns about the forex trading forecast.
Indeed, with the Fed meeting to determine questions of policy, and with GDP from the fourth quarter of 2009 due out, the economy is likely to be the focus. GFT's Kathy Lien reports in FX360 on factors to consider with the forex trading forecast for the greenback:
With the Federal Reserve’s monetary policy announcement and fourth
quarter GDP report due for release later this week, forex traders will
undoubtedly turn their focus back to the outlook for the U.S. economy.
However politics could still affect how the dollar trades with
Bernanke’s confirmation hanging by a thread and President Obama
scheduled to deliver his State of the Union Address on Wednesday.
| Topic Tags: China, currency trading, economic developments, forex traders, forex trading, forex trading forecast, Kathy Lien, U.S. dollar | |
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