SUBSCRIBE TO FEEDCurrency trading on the FX market
The risk rally got a good boost earlier today, with the sterling moving through the 1.56 level in currency trading. On top of that, the euro has gained in forex trading, reaching the 1.30 level.
However, the forex trading forecast question right now is whether or not the risk rally will continue. The latest durable goods news out of the U.S. has been disappointing, and it underscores the glacial speed of economic recovery.
With the pace of economic recovery in doubt, there are concerns that things may not continue as they are, and that the risk rally may slow. We will have to wait and see, though, how forex traders and investors respond to the latest interplay of economic data, policy leader testimony and company earnings reports.
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