Latest news on US Leaders Fail to Deliver Hopeful View of the US Economy
| Forex trading forecast could be for more dollar strengthpfont size="2" face="verdana,arial,helvetica,sans-serif"As a title="jobs data, US dollar, dollar strength, forex forecast dollar, forex trading, forex trading forecast, US economy, Barack Obama" target="_blank" href="item/227631"jobs data/a is mulled over today, currency traders have other things to think about -- bthe lack of optimism from US leaders about the economy/b. Yesterday, a number of speeches were kind of downers, and that is not providing hope that recovery for the US economy is on the way. GFT's bKathy Lien/b recaps some of the a title="jobs data, US dollar, dollar strength, forex forecast dollar, forex trading, forex trading forecast, US economy, Barack Obama" target="_blank" href="http://www.fx360.com/commentary/kathy/761/us-dollar-key-players-not-optimistic-enough.aspx?aid=5704"lackluster comments about the US economy/a in FX360:/font/p blockquote pfont size="2" face="verdana,arial,helvetica,sans-serif"Unfortunately, Obama, Bernanke and Geithner have failed to enliven the financial markets.nbsp; Investors were looking for reassuring words from these key players and even though Obama said that it may bnow be a good time to buy stocks/b, he warned of more pain this quarter.nbsp; Bernanke was even more pessimistic as he acknowledged that he should have been more aggressive in fighting the financial crisis because now ldquo;significant stresses persists in many marketsrdquo; and ldquo;clearlyrdquo; the banking system has not stabilized.nbsp; Geithner was slightly more optimistic as he backed Obamarsquo;s fiscal stimulus package but he believes that the bUS recession is deepening and it will take ldquo;some time to fix./brdquo;/font/p /blockquote p font size="2" face="verdana,arial,helvetica,sans-serif"It is worth noting, however, that thenbsp; stock market is off to an early rally this morning, in spite of the economic doom and gloom. Whether or not the rally extends will offer insight into whether or not this is just a bstock market rally/b due to bargain hunting or the beginning of something more substantial./font/p pfont size="2" face="verdana,arial,helvetica,sans-serif"In any case the bforex trading forecast/b for dollar strength will depend in large part on where the US economy goes from here./fontbr //ph3See Also/h3ullia href="http://www.fx360.com/?aid=5704" target=%quot;_blank%quot;Forex Trading with the US Dollar/abr/Currency trading on the FX market/lilia href="http://www.actionforex.com/technical-analysis/weekly-forex-technicals/us-dollar-extends-gains,-yields-over-750-pips-2009030480738/" target=%quot;_blank%quot;More on the US Dollar in Forex Trading/abr/Forex trading forecast looks bullish for dollar in general/li/ul Read More Here
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