Currency Trading

Today in Currency Markets – The Forex market has had a few weeks of relatively quiet action. There were times this past week that it seemed like a major report was being released every half hour through every day. Depending on what currency pairs are your favorite for trading, if you were trying to follow more than even a couple of major currency pairs, then there’s a good chance your head was spinning by week’s end if you weren’t careful.

The Australian Dollar and Swiss Franc managed to stay out of the action completely, only having minor reports this week as opposed to any majors, but the sheer amount of high impact releases for the Euro, Yen, and US Dollar definitely made up for it.

The GBP/USD should move lower in the short term to fill the gap. It’s in the same direction as the over all trend.