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Currency trading involves risk of loss.
Leverage magnifies both gains and losses.
As 2008 year is coming, the USD performance is a bit better. Since the first days of Dec, when “The Dollar is FALLING! KEEP OUT!” was the main news on every news paper in the world and any financial magazine, the supreme buck went up in 600 pips vs the GBP, 400 pips VS the Eur and 300 pips VS the Yen.
What went different this time? Has the bad influence of the zines covers marked the bottom in the USD yet again? Some can mention it has but the real driver is a shift in risk appetite.
Stocks have handed over once more their month2date profits and the big events in the last couple of weeks was more or less centered to boost liability and confidence in the forex markets, macro financial markets and the USD.
during the end of 2007 we heard more and more announcements of sub prime losses which came into the worst situation and gave traders better options to keep profits & delay any risks involved until things will clear up a bit in 2008.
There was no United States economic data that were published today but GDP, leading indicators and Philly Fed will be out there the next days.
The GDP numbers are final figures; no changes should go something that probably means that they should not be market going.
Although if there will be some sort of a revision, it will probably be to facing the Minus.
06:59
Posted on Dec-21-2007
