Oil reached yet another record high yesterday pushing the forex market into a frenzy if only just in anticipation of the magic $100 dollar mark. The stock market continued its meteoric downward spiral. The yen and euro and their related currency pairs enjoyed elevation to new record heights in the forex market. Both the sterling and aussie showed strength and posted positive gains in late trading. Gold continues to march in step with increasing oil prices.
The US dollar continues to fall. Expect more weakness in US currency. However, take heart and stay tuned forex traders. All of these events provide great volatility in the forex market and create great forex trading opportunities. For those forex traders who invest their time wisely to learn forex, these are very exciting times indeed. ...And very profitable ones as well as it provides a unique opportunity to make money.
For more information about forex trading for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, forex broker info, currency charts, trading systems.
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