Excerpt from: Forex Commentary
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| January 28, 2010 | | Euro still struggling in forex trading | Confidence is improving in the euro zone, according to the latest measures. This comes even though unemployment remains a problem in the region. However, it appears that members of the euro zone are becoming more confident in recovery, and that employment will eventually have to follow the rest of the indicators.
Also helping confidence in the euro zone is the fact that confidence is slowly returning in the U.S. Recent consumer confidence numbers showed improvement, and last night's State of the Union Address from President Barack Obama is helping matters. On top of this, there are indications that the Fed may begin tightening monetary policy in order to combat possible inflation.
All of this points to a possible recovery in the euro zone as well. However, the euro still struggles in forex trading, unable to overcome some of the weakness seen in recent weeks.
| Topic Tags: Barack Obama, euro forex trading, euro zone, Fed, forex trading, State of the Union, unemployment | |
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