With a
distinct lack of headline news currencies where mostly restrained waiting for
the next reason to get moving. The bond market in the US was closed so there
was no 10 Year Treasury Yield to follow which made things even more confusing
for traders on Wall St. The stock markets eked out a small gain in both Europe
and the US with the Euro getting some attention in the press on the back of the
ECB's surprise rate cut last week.
Talk amongst economists is that worldwide
inflation is low and we are now once again seeing Central Banks either talking
down or adjusting interest rates to try and drop their currency value to hold
off low inflation and get some competitiveness back into their economies.
Europe, Australia, New Zealand and even some of the smaller European Central
Banks are either talking down or openly intervening on their own currencies.
This bodes well for us currency investors and traders as volatility is what
brings us trading opportunities.
Everyday LTG GoldRock Reviews the latest relevant Forex News for their members and sends it directly to their inbox to assist with their independent Forex investing.
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