Thursday, September 13, 2007

The Currency Trading market Situation

The US Dollar depreciation is increasing and inflation is rising in the US day by day due to the bad economical data situation and Fed already cut the interest rates so the currency market is unpredictable now a days, so trade according to the situation as market is not range bound, but its a trend market where mostly forecast go wrong due to the trendy forex market. The US officials are asking Fed to cut interest rate again, so the upcoming Fed decision will be important today at 14:00 PM EST, today we also have US Jobless claims at 8:30 AM EST which will be also important for US dollar in currency market. So trade accordingly.

Have a Nice Trade !

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