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Forex Trading Weekly for November 7

November 7, 2009

(EMAILWIRE.COM, November 07, 2009 ) Dallas - This week saw the continuation of heavy volatility across all facets of investing, including the forex market. Forex Strategy HQ takes a look at the week that was and does a quick post-mortem of the forex markets. Visit http://www.forexstrategyhq.com to stay on top of all the latest forex news and forex trading strategies.

Monday

Monday started off with a boost to the Euro from a strong October EU Manufacturing PMI. This follows mixed data from the previous week and encourage Forex traders to take more aggressive Euro positions. The salient question remains if the EU Zone can continue to exhibit economic strength while keeping inflation at bay.

Tuesday

Tuesday saw the Euro fall off sharply after revelations of further European bank troubles. This brought into doubt a future hawkish position on behalf of the ECB hoped for by many traders.

Wednesday

The Euro rallied against the US Dollar and other currencies on Wednesday on the back of a positive EU PMI Services report. Forex traders remained bullish on the Euro going into Thursday's ECB meeting.

To read the full article visit http://www.forexstrategyhq.com/this-week-in-forex-trading-november-6th/

About Forex Strategy HQ

Forex Strategy HQ is an upcoming blog that covers all facets of the forex market. Whether you are learning forex for the first time or you are an experienced trader looking for that edge our site has the answers for you. Visit http://www.forexstrategyhq.com and subscribe today.


836 Media
Marc C.
4785225
forexstrategyhq@gmail.com

Source: EmailWire.Com

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