Euro in Forex Trading

236093 Resource 128460 120646 120646 1247581741277 1247581741277 Controlled Sterling, Euro Diverge in Forex Trading

U.S. dollar mixed against European currencies

Normally, when the U.S. dollar is involved, the sterling and the euro head the same way in forex trading on the currency market. Today, though, the two European currencies are heading in opposite directions as economic data changes the rules a little bit. GFT's Boris Schlossberg reports on <a href="http://www.fx360.com/commentary/boris/1565/cable-and-euro-go-separate-ways-as-data-diverges.aspx?aid=5704" target="_blank" title="Boris Schlossberg, sterling forex trading, euro forex trading, forex trading, currency market, U.S. dollar, FX360">the pound's success</a> in FX360: <blockquote> Cable was the star of the night reversing all of yesterday’s losses after much better than expected RICS numbers and BRC Retail Monitor results indicated that the recovery remains on pace for the time being. The RICS numbers were especially impressive improving for the fourth month in a row with London area house prices rising for the first time in 20 months. </blockquote> Meanwhile, the euro is struggling in forex trading. Economic data out of the euro zone continues to be somewhat dismal, and signs of economic recovery are far off. Plus, the<a href="item/236035" target="_blank" title="Boris Schlossberg, sterling forex trading, euro forex trading, forex trading, currency market, U.S. dollar, FX360"> euro zone countries are all showing dangerously high amounts of debt</a> -- something that is not helping the cause concerning the euro in forex trading. <blockquote> </blockquote> 9 application/xml false Boris Schlossberg currency market euro forex trading forex trading FX360 sterling forex trading U.S. dollar Euro in Forex Trading Trading on the currency 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 128460 blog blogsite/GFTForex/web