Euro in Forex Trading

252332 Resource 128469 120646 120646 1268403844784 1268403844784 Controlled Euro Gains in Forex Trading

Boost comes from sovereign debt fear abatement, U.S. retail sales

The euro is heading higher in forex trading on the currency market today as things improve in terms of global economic data. <a href="http://blog.gftuk.com/public/item/252330" target="_blank" title="euro forex trading, forex trading, currency market, retail sales, Boris Schlossberg, FX360">Helping the euro</a> right now is the fact that U.S. retail sales showed improvement in February. This has many speculating that the U.S. really is on the road to recovery, and risk appetite is returning. Also helping the euro is the fact that the euro zone nations are putting together plans to help prevent another sovereign debt debacle like Greece. And concerns about the Greek financial contagion are abating. GFT's Boris Schlossberg reports in FX360 on <a href="http://www.fx360.com/commentary/boris/2948/euro-squeezed-higher-as-concerns-over-greece-abate.aspx?aid=5704" target="_blank" title="euro forex trading, forex trading, currency market, retail sales, Boris Schlossberg, FX360">events in the euro zone</a>: <blockquote> Euro continued its short covering rally into the weekend, clearing the key 1.3740 level after several European officials lent their support to the creation of a European Monetary Fund that would be able to deal more effectively with future funding crises of its member nations. </blockquote> 9 application/xml false Boris Schlossberg currency market euro forex trading forex trading FX360 retail sales Euro in Forex Trading Forex trading on the currency market http://www.gftforex.com/land/?aid=7356 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.8) Gecko/20100202 Firefox/3.5.8 GTB6 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 128469 blog blogsite/GFTForex/web