Currency trading on the FX market
Risk appetite is beginning to fade today in forex trading, slowly melting away as yesterday?s enthusiasm fades. Earlier, the euro saw some solid gains, but concerns about the eurozone?s ability to handle the debt crisis are growing.
Additionally, the latest home prices data out of the United States shows that housing market recovery is still limping along. Yesterday, Ben Bernanke indicated that the labor market still has a long way to go to recovery. The result of all of this is that risk appetite is fading.
So far, the euro is the only major showing signs of cracking, although the pound has given up some of its earlier gains. The euro, though, is dropping against the US dollar as forex traders consider the OECD?s indictment of the firewall, and other news.?
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Source: http://oakshirefinancial.com/2012/03/28/risk-appetite-begins-to-fade-in-forex-trading/
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