210503 Resource 119232 120646 120646 1217940519582 1217940519582 Controlled US Dollar Gains in Currency Trading Forex trading with the greenback <font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://www.fxstreet.com/technical/market-view/daily-analysis/2008-08-05.html" target="_blank" title="US dollar currency trading, forex trading greenback, currency trading FX market, forex trading euro, interest rate, Fed, oil prices">US dollar is gaining against the majors</a> in currency trading on the FX market today. Forex trading with the greenback should consider its strength, especially against the euro this morning.</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, the US dollar is deriving strength from two main factors:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><ol style="font-family: verdana,arial,helvetica,sans-serif;"><li><font size="2">Worries about demand have <a href="http://www.bloggingstocks.com/2008/08/05/oil-falls-to-118-as-bearish-sentiment-grips-market/" target="_blank" title="US dollar currency trading, forex trading greenback, currency trading FX market, forex trading euro, interest rate, Fed, oil prices">oil prices</a> in something of a freefall, with prices below $120 a barrel.</font></li><li><font size="2">The Fed will announce its <a href="http://forexinfocenter.com/fomc-august-5th-meeting/" target="_blank" title="US dollar currency trading, forex trading greenback, currency trading FX market, forex trading euro, interest rate, Fed, oil prices">interest rate decision</a> today at 2:15 Eastern, and things are expected to remain steady. However, the Fed is also expected to announce a concern over inflation, which should serve to raise expectations of a rate increase in the near future.</font></li></ol><br /> 9 application/xml false currency trading FX market Fed forex trading euro forex trading greenback interest rate oil prices US dollar currency trading More on the US Dollar in Currency Trading Forex trading on the currency market http://www.actionforex.com/technical-analysis/daily-forex-technicals/fx-thoughts-for-the-day-2008080555262/ Forex Trading with the Greenback Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.16) Gecko/20080702 Firefox/2.0.0.16 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119232 blog blogsite/GFTForex/web