Forex Live TV points to double dip risk
After the Dow dropping sharply last week the main forex recommendation is to stay short term as on the currency market this week as there are too many question marks floating around. The Banking Market is of course affected by the political scene and this in turn may affect the currency trades. The outlook is for a strong US Dollar and perhaps a attraction to exotic currencies. Established currency trades not as attractive as the uncommon short trades.
For 2010 the main points are when will the central bank raise interest rates? How fast will the recovery on commodities be? How deep are the current economic problems compared to expectations? California with 12 percent unemployment is perhaps an indication of maintained problems.
Our view is that Energy will be one of the key components affecting 2010.
Forex TV Live
Related posts:
- FOREX-Euro rallies from 4-year low vs U.S. dollar
- Stronger Yuan to boost commodities and hurt imports
- Europe takes a dip on retail fall
- Gold rush points to further economic weakness?
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