U.S. Dollar Remains Strong in Currency Trading
by Trader Rich
Greenback continues to surge in forex tradingThe U.S. dollar remains strong in currency trading on the FX market, despite the fact that oil prices are heading upward again as Hurricane Ike approaches the Gulf of Mexico.
Ultimately, even last week’s disappointing payroll data couldn’t really damp greenback as in forex trading. Indeed, nothing seems to be holding the currency market in check. FX Street reports on how the "normal" rules of currency trading seem to have been thrown out:
It is now very clear how volatile and directionless the market is as we see choppy trading almost every day and a lot of fake breakouts at the same time. With all the problems that US economy and Euro zone is facing, it is natural that traders don’t really know in which currency to place their bets and that is why fundamentals and technical’s don’t seem to apply.
See Also
- U.S. Dollar Currency Trading
Forex trading on the currency market - More on the U.S. Dollar in Currency Trading
How long will the greenback be linked to gold prices?
Popularity: 1% [?]
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!