The currency markets are back in full swing and they started off the new year with a roar. The US Dollar rallied hard on this first Monday of 2009. It seems that trading desk are once again full staffed and the first vote of the year for currencies seems to be in favor of the US Dollar.It’s interesting to see the dollar rally after all the bailout news that happened just before the holidays hit full swing in the US. Amidst dismal news about retail and auto sales for the past few months, the dollar seems to rally in the face of everything, specifically bad news. Perhaps traders feel like the worst is out of the way.On the US Dollar Index, the dollar seems to be approaching a strong resistance point on the 4 hour chart. It will be interesting to see if the dollar clears that hurdle and truly makes it’s way upward for 2009. The inauguration is 2 and a half weeks away, bailouts are slowly fading from the news (since there is no one left to bailout except the taxpayer), this could get very interesting in the next few weeks. Stay tuned.
Terimakasih anda telah membaca artikel tentang Markets of Currencies are back in their full swing.. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://autextraing22.blogspot.com/2009/05/markets-of-currencies-are-back-in-their.html. Terimakasih atas perhatiannya.