Euro in Forex Trading

234833 Resource 119232 120646 120646 1245084554835 1245084554835 Controlled Euro, Sterling Retreat in Forex Trading

Currency trading euro and pound

Both the euro and the sterling are lower today in forex trading as the U.S. dollar moves higher across the board. Uncertainty has made a return to the currency market as concern over the state of the global economy remains, in spite of leaders' assertions of "economic green shoots" and indications this past weekend that <a href="item/234830" target="_blank" title="euro forex trading, forex trading, currency trading, currency trading pound, commodity prices, U.S. dollar, Boris Schlossberg">G8 leaders think that the recession is over</a>. Instead, there is concern that things aren't all the rosy. Commodity prices are dropping, and there is a movement toward safety as risk aversion sets in. In currency trading, the euro and the pound are both falling to the U.S. dollar. GFT's Boris Schlossberg reports and <a href="http://www.fx360.com/commentary/boris/1385/euro-pound-declinehas-risk-rally-run-out-of-gas.aspx?aid=5704" target="_blank" title="euro forex trading, forex trading, currency trading, currency trading pound, commodity prices, U.S. dollar, Boris Schlossberg">issues facing the currency market</a> in FX360: <blockquote> The weakness in commodity prices which has had a near parabolic run, in the past several months, also helped pressure the risk currencies lower. As we noted earlier, “ <span onmouseover="clearTimeout(tmout); ShowPopup(this,'https://gftnet.gftforex.com/uploads/gbpusd091508.gif','CLN9','OIL');" onmouseout="tmout = setTimeout("HidePopup()",1000);" style="color: #004276; cursor: pointer; text-decoration: none;">Oil <img border="0" src="http://www.fx360.com/App_Common/images/chart-icon.gif" /> has finally run into serious resistance at the $70/bbl level as investors question whether the rally can be sustainable under the current economic environment. With gas prices rising towards the $3/gallon level, at the same time as US unemployment approaches 10%, the likelihood of reduction in consumer demand appears to have increased.” </blockquote> 9 application/xml false Boris Schlossberg commodity prices currency trading currency trading pound euro forex trading forex trading U.S. dollar Euro in Forex Trading Currency trading on the FX market http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.11) Gecko/2009060214 Firefox/3.0.11 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 119232 blog blogsite/GFTForex/web