Online Forex – A forex analyst Mike Jones in Bank of New Zealand said even though the forex brokers’ panic emotions towards the US economy prospect was increased and had never declined recently, the forex rate of USD was still very stabilized in the forex market. Under the circumstance of dim stock market, and the risk sentiment emotions in the forex market, hedge emotions of the forex brokers would continue to help the high risky currencies such as USD and JPY to get stabilized in the forex market.
Mike Jones added if the finance market re-collapsed, as a series of goodish economic index were released in the forex market the second collapse of the US economy was becoming more and more true.
It was predicted that the supporting point for the forex rate of EUR/USD was at 1.2760, and the obstacle on top would be at 1.2920 in the forex market. Jones said this forex price would float within this range most of the time in the forex trading sessions in this week.
The forex rate of EUR/USD was at 1.2806/09 at 08:13 Beijing time.
Edited by Laura.