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"EUR/USD will go up rapidly" - exchange and trading

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Old 05-05-2011, 07:39 AM
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Join Date: Jan 2011
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Default "EUR/USD will go up rapidly"

in the forex market, the Federal Reserve officials’ confidence to economy recovery increasing added, but the housing market and the employment market still maintain on the state of depression, the unemployment rate stayed on the high level.
And the debate to the issue either last or end the second round quantitative loose measure monetary policy is still there. The increase of the stock market and commodity market showed the market holds optimistic attitude to economy recovery.
The forex price of EUR/USD declined to test 1.3829 on last trading day and then began to rise violently to reach the highest point of 1.3714 and closed with good increase. The market quotation came back strong level, in form, the market quotation formed broken one.
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