221075 Resource 119241 120646 120646 1229692483790 1229693527389 Controlled Forex Trading Forecast: U.S. Dollar to Strengthen Against Euro

Greenback expected to strengthen against euro again in currency trading

<br /><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">This past week has seen the <a title="euro forex trading, forex trading, currency trading, forex trading forecast, forex trading U.S. dollar, global recession, U.S. dollar, safe haven currency, reserves" target="_blank" href="item/221010">euro regain its superiority</a> over the <span style="font-weight: bold;">U.S. dollar in forex trading</span>. However, the current situation may not last. The forex trading forecast calls for the U.S. dollar to strengthen again on the currency market as the <span style="font-weight: bold;">global recession</span> stubbornly refuses to go away.</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;">The <span style="font-weight: bold;">U.S. dollar</span> is widely seen as a stable and liquid safe haven currency. Central banks, although there are occasional noises about the euro as the new reserve currency, still overwhelmingly <a title="euro forex trading, forex trading, currency trading, forex trading forecast, forex trading U.S. dollar, global recession, U.S. dollar, safe haven currency, reserves" target="_blank" href="http://www.forexblog.org/2008/12/central-banks-still-prefer-dollars.html">prefer the greenback</a>. Indeed, reserve switches to the euro, which had started before the <span style="font-weight: bold;">financial crisis</span>, have slowed significantly.</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;">Concerns over the euro zone <span style="font-weight: bold;">economy</span> continue to mount, especially after the decision by the European Central Bank to <a title="euro forex trading, forex trading, currency trading, forex trading forecast, forex trading U.S. dollar, global recession, U.S. dollar, safe haven currency, reserves" target="_blank" href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/ecb-reverses-course-and-widens-rate-corridor-2008121972817/">widen the rate corridor</a>. This is likely to affect the banking sector -- and one thing the banking sector does not need is more pressure. <br /><br />And, while concerns remain over how the euro zone economy will do, the <a href="http://www.yieldingwealth.com/economic-stimulus-how-much-has-been-spent-so-far/" target="_blank" title="currency trading, euro forex trading, forex trading, forex trading forecast, forex trading U.S. dollar, global recession, reserves, safe haven currency, U.S. dollar">U.S. is indiscriminately throwing money around</a> for the purpose of <span style="font-weight: bold;">economic stimulus</span>. While this may not work in the long run, it does give traders a feeling that the <span style="font-weight: bold;">U.S. economy</span> will recover -- and likely before the rest of the world does.<br style="font-family: verdana,arial,helvetica,sans-serif;" /></span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">When one looks at the probabilities, it does appear that the <span style="font-weight: bold;">global recession</span> will continue for a while, and that means that safe haven currencies, like the U.S. dollar and the Japanese yen, will be preferred. The euro may have recovered some this week in <span style="font-weight: bold;">forex trading</span>, but the long-term forecast says that another dollar rally is on the way.</span></font><br /> 9 application/xml false currency trading euro forex trading forex trading forex trading forecast forex trading U.S. dollar global recession reserves safe haven currency U.S. dollar Euro and dollar in forex trading http://www.bloomberg.com/apps/news?pid=20601083&sid=akt0mDdlbVfo&refer=currency Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 <script type='text/javascript'>reddit_url='http://forex.gftforex.com/public/item/221075'</script> <script type='text/javascript'>reddit_title='Forex Trading Forecast: U.S. Dollar to Strengthen Against Euro'</script> <script type="text/javascript" src="http://www.reddit.com/button.js?t=2"></script> <script type="text/javascript" src="http://tools.tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url ='http://forex.gftforex.com/public/item/221075'; evb_big(evb_url); </script> <script type="text/javascript"> digg_url = 'http://digg.com/business_finance/U_S_Dollar_to_Strengthen_Against_Euro'; </script> <script src="http://digg.com/tools/diggthis.js" type="text/javascript"></script> <script type="text/javascript" src="http://d.yimg.com/ds/badge2.js" badgetype="small"> http://forex.gftforex.com/public/item/221075 </script> <a href="javascript:q=(document.location.href);t=(document.title);void(open('http://www.pfbuzz.com/node/add/drigg?url='+escape(q)+'&title='+escape(t),'','resizable,location,menubar,toolbar,scrollbars,status'));" title="Submit to PFBuzz.com" alt="Submit to PFBuzz.com"><img src="http://www.pfbuzz.com/ads/pfbuzz-32.png" alt="Submit to PFBuzz.com"/></a> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.5) Gecko/2008120121 Firefox/3.0.5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119241 blog blogsite/GFTForex/web