Japan, Europe and Forex Trading Strategy
Other economies are resilient against weakness in the US economyThe Japanese yen and the euro are both expected to do fine against the US dollar in the coming weeks. Forex trading strategy should take into account that both economies, while connected to the US economy, are able to withstand its weakness. Bloomberg reports on Japanese and Europe and weakness in the US economy:
“We are bearish on the dollar,” Masayuki Kichikawa, chief economist in Tokyo at the Japanese unit of Merrill Lynch & Co., the largest U.S. brokerage, said in an interview today. “The correction in the housing market will weigh on the U.S. economy. Economies such as Europe, Japan and developing nations, have resilience against the U.S. weakness.”
See Also
- Currency Trading on the FX Market
Forex trading strategy ideas
Source : GFT Forex
This entry was posted on Wednesday, February 20th, 2008 at 14:05 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply
Forex News
- Forex - Dollar rallied on Wednesday supported by drop in Oil prices and improved confidence in financial sector
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Forex market believe the worst of the problems in the US financial system are not yet over
- Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Oil prices plunge $5. Financial market turmoil has weighed on Dollar.
- Fxcm Adds High-interest-rate Currency Pairs