Posts Tagged ‘Weekly Trend’
Forex News – Yen Gain Versus Major Currencies
Thursday, August 13th, 2009On yesterday’s trading, the Yen kept going to be the dominant currency in the forex market. When almost of the major currencies attended fluctuate without marking a sustained trend, the JPY strengthened on all fronts, and currently looks to be this week’s top investment. On today’s trading, the most fascinating data will come at 18:15 GMT, as the Federal Funds Rate for August will be announced. The main question is whether the Fed will hike rates in light of recent positive economic data. Such a turn of events could create mayhem in the market, and traders are advised to be prepared. (more…)
