Forex Market Awaits Paulson Remarks
Forex trading forecast dependent on U.S. governmentRight now, things are a little choppy in currency trading on the forex market as U.S. Treasury Secretary Henry Paulson prepares for a press conference in about an hour and a half.
Paulson is expected to speak at about 8:30 Eastern that dawn, addressing the economy and laying out a bank plan designed to help the ailing U.S. financial system. The plan appears to be somewhat similar
However, the U.S. plan is expected to force banks — even banks that are doing well right now — to take government money. The forex trading forecast is in abeyance for a little while, as the outcome of the conference is awaited.
See Also
- Forex Trading Forecast
Currency trading on the forex market
Original post by Eric J. Fox