1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Dollar May Not Keep Pace with Global Recovery

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Jan 12, 2010.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
    Likes Received:
    Today’s sample of Forex Analysis from ForexHound.com

    The U.S. Dollar fell sharply on Monday as bullish traders pared positions on the thought that the U.S. economy will not be able to keep pace with the global recovery. Before the Forex markets opened, China solidified itself as the driving force behind the global economic recovery when it reported more upbeat export news.

    The Greenback traded sharply lower as China reported a 17.7% increase in exports and a 55.9% increase in imports. The surge in exports was the first rise in 14 months. Pre-report guesses were for only a 4% increase. Due to the timing of the report, and its extreme bullishness, the Australian and New Zealand Dollars both had rare gap openings Sunday night.

    Dollar bulls were still reeling from the soft U.S. Non-Farm Payrolls report on Friday. Traders had been looking for the report to show that job losses had remained flat or perhaps that new jobs had been created during December. Instead the government reported that 85,000 new jobs were lost.

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

Share This Page