By Natalie R. – Euro zone sovereign debt issues on the one hand, and the Federal Reserve resumption of bond buying programs on the other, continue to dominate market sentiment, causing great swings in currency levels, particularly the EUR/USD pair.
With bank holidays in the U.S, Canada and France today, no news events are expected today.
However, traders should follow the G20 meeting of finance ministers and central bankers taking place today and tomorrow as the leaders of the leading industrial nations are likely to focus on the current “currency war” situation. The future of the dollar and recent actions by the Federal Reserve are likely to take center stage.
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.