Change has come

Those are the words of the new U.S. Elected President, Barack Obama; Is this important for forex trader? No doubts. Would in change markets trend in the short or medium term? I don´t think so. But a new president means new monetary policy, taxes policy, and for what I now, even a new “war” policy. Obama focused his campaign in finding stability and sustainable economic growth. And this will certainly affect markets in the long term. If he could change things or not is something that we shouldn’t care about TODAY, and of course I mean in trading.  Today we should pay attention to the lack of liquidity markets are experiencing these days (that’s the reason we see some violent spikes in one or other pair) and whether or not some confidence return to trading desks: stocks continue ruling market, so it’s good idea to keep an eye there while trading, and despite we have two “heavy” […]

Original post by Valeria Bednarik

This entry was posted on Wednesday, November 5th, 2008 at 3:33 am and is filed under Starting the day. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.