News
|
Test by 1 year on GBP/USD M1 history : profit ~490%, shoulder 1:100, risk 5% per 1 position, reinvesting |
| Dollar Notches Stellar Weekly Performance |
|
Last week, the USD recorded its best weekly performance since 2006, rising 3 cents against its chief rival, the Euro. Apparently, analysts are becoming increasingly pessimistic about the effect of the America recession on the global economy. The consensus is now that a dampened global economy will induce a trend towards risk aversion, which favors the world's #1 and #2 reserve currencies, the Dollar and the Euro, respectively. However, it also appears the near-term economic prospects for Europe are less rosy than originally forecast,. Thus, if last week is any indication, the Dollar should receive a larger proportion of risk-averse capital. Reuters reports:
|
| < Prev | Next > |
|---|