By Yan, ForexYard – After a very volatile trading week, the weekend continued with the same direction. The Dollar keeps strengthening on all fronts, the Yen remains the strongest currency at the moment, and crude oil drops sharply.
The main story in the market continues to be the aid package for Greece. Despite publications from the previous weekend, the Greek bailout plan wasn’t competed and there is still high uncertainty about it. It currently seems that as long as the uncertainty remains, the Dollar and the Yen will continue to strengthen.
Here are today leading news events:
• 12:30 GMT: Canadian Foreign Securities Purchases – This report measures the total value of domestic stocks and bonds that were purchased by foreigners in February. If the end result will reach expectations for 8.65B, the CAD is likely to strengthen.
• 13:00 GMT: Fed Chairman Bernanke Speaks – The Federal Reserve Chairman Ben Bernanke is due to deliver opening remarks at the Financial Literacy and Education Summit, in Chicago. Bernanke is expected to discuss future monetary policy, and high volatility could be observed during his speech.
Forex Market Analysis provided by Forex Yard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.