[Archive] FOREX - Trends, Forecasts and Consequences (Episode 9: November 2011) - page 37
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It's about to start, push and pull. Judging by the euro's reaction - what's good for Berlusconi is bad for the euro)
Deutsche Bank analysts note that forex trading based on macroeconomic trends is becoming increasingly difficult.
Experts point out that the Swiss franc, this year's strongest currency, gained about 6.5% against the US dollar in 2011, while the Canadian dollar, the weakest currency, fell by 1% against its American rival. The deviation between the franc and the loonie was less than 8%, which is an extremely low value compared to the 30-year average. According to the bank, this means that finding profitable trading strategies is now much more difficult.
Economists believe that next year we should not expect the situation to change for the better, as short-term interest rates of major central banks in developed countries will remain extremely low. Deutsche Bank believes that in 2012 many traders will leave G10 currencies in search of higher profits. When it comes to major currencies, the bank prefers to sell the euro against the yen and the US dollar in the longer term.
long overdue ))))
Everyone's here) except Stranger hasn't been seen for a while(
Newcomers here too, mostly reading
What does your miracle indicator show?