On the weekly video outlook on Forex TV, I spoke with Julie Sinha about the current market mood, events that will shake currencies and technical levels to watch out for.
Europe is suffering from debt issues for quite some time. The climax of the crisis was in May, but since then, this front has been silent. And then, t he US took over. America was troubled with terrible economic indicators for some time. This sent the dollar down, and eventually sent the dollar up on risk aversion.
In just a few days, troubles crossed the Atlantic once again, with good Non-Farm Payrolls and the reminder of the European debt crisis. While the Euro is suffering against the dollar, other currencies, especially commodity currencies are doing quite well and expect and busy week.
The Aussie and the loonie are in favorable positions. A lot depends on the job figures in both countries.
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..