Wednesday, August 31, 2011

Currency forecast: European pessimism against American tales

Banks Finansy20-04-2009 Trader forecast: European pessimism of the anti-American tales past week has left the foreign exchange market at a loss. While European financial institutions are fairly bleak published reports, the leading U.S. banks were allowed to actually dream up on their success. At the same macro-economic statistics - that of Europe, that of the United States - does not inspire optimism. As a result, the European currency slipped to a minimum of many months, and the Russian ruble shows sample stability. Beginning last week noted a decline in trading in connection with the Easter holidays. On the whole week, which is expected to form a new fundamental trend, has not justified itself. Positive reports of American banks for the I quarter of 2008 are still poorly inspire investors.

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