Forex Success

How is Forex market affected by the present situation? In the forex world, wholesalers and retaileres investores panicks every time they hear the lightning of a storm that is about to explode.
The forex currency market, isn´t an island that is exempt from the global economy´s crisis, however this is a market where some currencies have been favored with the dollar´s fall.
The euro is a currency that continues to surprise forex market operators, as it crossed the psychological barrier level reaching contributions to $ 1.53 per euro. This upward trend seems to have no intention to go backwards, despite the fact that the projections pose an unhappy picture for the currency of the old continent.
The rebound of the euro against the dollar is due to several reasons: the prospect of recession in the United States, forecasts of further cuts by the Fed that threatens to bring the interest rate to 2.75% and the anti-inflation stance of Trichet that refuses to lower the cost of money which is currently in a 4%.
Currently the cut in the ECB’s interest rate depends on the cost of a barrel of crude. Jean Claude Trichet, ECB president, assured last year that when the euro was around 1.4960, with a barrel of crude above 100 dollars, he wasn´t thinking about lower rates at all.
The forex marketinvestors expect that this position is maintained and that a cut in rates mean a devaluation of the currency of the old continent and this would lower the margins of profit. At the moment we should not expect any changes at the Forex market since the oil barrel is quoting above 100 dollars and promises to continue raising.