Forex Managed Accounts News
-Bailout passed, but world indices continue to drop as conditions and outlooks worsen. Despite the plan, economies are going to have a very hard time pulling away from this one, including the US
. Investments are being liquidated on a global scale and much of this flows into the dollar, which accounts for 86% volume of all currencies traded (the “real” reason the dollar has gained so much strength as of lately)US
surplus compared to the rest of the world still large and investors continue to sell into the 84.00 target. Decline also a function of risk appetite decreasing, as investments move into cash and active speculators bet on this happening.-Gold continuing to fall due to a stronger dollar. Looking for a break of the major monthly trend line. Physical gold still selling at a big premium vs. futures, however, and some gold demand should be noted.