USD Forecast June 2008

Market Traders now are throwing off USD. Weak economy with low employment makes the US Currency down. Traders are not only selling USD but they also buying other currency like Pound. This is very good indication as we discuss before this about the GBP/USD will be up because Pound are getting stronger now.

I would suggest that you trade GBP/USD. Buy in the dip in the up trend. Look for good opportunity around 1.9650 area. USD has going down with their value now unless something to boost their economy for this moment. Today forecast is base on USD. So, you can also looking for other pair based on USD currency to buy or sell the pair but I’m not recommend USD/JPY at this moment both are uncertain now.

USD will be going down for at least few weeks. We take this opportunity to get some profit by selling it.

This is great in forex trading because whenever a currency is down or up, we still can make money. :)

Hopefully that this time USD gives us some good profit although USD is going down now.

Have a great forex trading day! :)

Previous Pound forecast: Pound Forecast

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