244984 Resource 119247 120646 120646 1257774582923 1257774582923 Controlled Euro Breaks Through $1.50 in Forex Trading Currency trading with the euro <p><font size="2" face="verdana,arial,helvetica,sans-serif"><b>Currency trading</b> with the euro should consider that the 16-nation currency is on a roll this morning. The <a href="http://www.actionforex.com/technical-analysis/daily-forex-technicals/eurusd%3a-sees-upside-momentum,-eyes-the-1.5000-level-20091109100183/" target="_blank" title="euro forex trading, forex trading, currency trading, currency market, forex traders, U.S. dollar, G20, currency trading euro">euro has broken through</a> the psychologically important $1.50 barrier in <b>forex trading</b>, and is looking for some support at that level right now.</font></p> <p><font size="2" face="verdana,arial,helvetica,sans-serif">A <a href="http://blog.gftuk.com/public/item/244983" target="_blank" title="euro forex trading, forex trading, currency trading, currency market, forex traders, U.S. dollar, G20, currency trading euro">dollar selloff</a> started yesterday on the currency market as G20 leaders pledged to keep interest rates low. As a result, the <b>risk trade </b>is on, supported by a worldwide equity rally. Not even last week's worse than expected <a href="item/244858" target="_blank" title="euro forex trading, forex trading, currency trading, currency market, forex traders, U.S. dollar, G20, currency trading euro">employment data</a> is holding the risk trade back. On top of that, it is clear that gold is getting a boost from <b>dollar weakness</b> as well, touching the $1,100 level.</font></p> <p> <font size="2" face="verdana,arial,helvetica,sans-serif">The euro is expected to continue to do well in forex trading as long as investors remain open to the idea of risk. As the economy recovers, <b>forex traders </b>are expected to continue moving away from the safety of the U.S. dollar, and look for the returns offered by the high beta currencies.</font><br /></p> 9 application/xml false currency market currency trading currency trading euro euro forex trading forex traders forex trading G20 U.S. dollar Forex Trading on the Currency Market Currency trading news and information for forex traders http://www.gftforex.com/land/?aid=7356 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.5) Gecko/20091102 Firefox/3.5.5 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 119247 blog blogsite/GFTForex/web