209071 Resource 119247 120646 120646 1216134517367 1216136063267 Controlled Forex Trading Strategy: Ben Bernanke and the US Dollar

Greenback tanks as Bernanke addresses Congress

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">When formulating forex trading strategy, it is important to keep in mind that financial markets -- including the currency market -- can be influenced by what policymakers say.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Right now, Ben Bernanke, chairman of the US Federal Reserve, is influencing FX trading on the currency market, especially </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="Ben Bernanke, forex trading strategy, forex trading US dollar, greenback Bernanke, currency trading, FX trading, currency market, FX trading currency market" target="_blank" href="item/209065">forex trading with the US dollar</a><span style="font-family: verdana,arial,helvetica,sans-serif;">. His remarks to Congress this morning have </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="Ben Bernanke, forex trading strategy, forex trading US dollar, greenback Bernanke, currency trading, FX trading, currency market, FX trading currency market" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aWcHS3PvewOQ&refer=currency">little in the way of optimism for the US dollar, reports Bloomberg:</a><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><font size="2"><span style="font-style: italic;">``It's hard to find anything dollar positive in the statement,'' said </span><a style="font-style: italic;" href="http://search.bloomberg.com/search?q=Robert+Sinche&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1" onmouseover="function onmouseover(event) { function onmouseover(event) { return escape(popwSearchNews(this)); } }">Robert Sinche</a><span style="font-style: italic;">, head of global currency strategy at Bank of America Corp. in New York. ``Bernanke clearly acknowledged more growth risks than he anticipated a few weeks ago. The problem is coming from the financial sector.''</span><br /></font></div><font size="2"><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Indeed, </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="Ben Bernanke, forex trading strategy, forex trading US dollar, greenback Bernanke, currency trading, FX trading, currency market, FX trading currency market" target="_blank" href="http://www.mortgagenewsdaily.com/7152008_Bernanke_Challenges.asp">Bernanke was quite clear that the US economy is likely to see many months of challenges</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> ahead. His rhetoric has changed markedly from a few weeks ago, when he insisted that the worst was over and that there was a good chance that the economy would start recovering in this second half of 2008.</span></font><br /> 9 application/xml false Ben Bernanke currency market currency trading forex trading strategy forex trading US dollar FX trading FX trading currency market greenback Bernanke FX trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.15) Gecko/20080623 Firefox/2.0.0.15 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119247 blog blogsite/GFTForex/web