, 09-25-2011 at 04:17 PM (842 Views)
Most major currencies sharply depreciated against the US dollar mainly during the second part of the week; many attributed these changes in the forex market to the disappointment from the Fed's plan to purchase long term securities and no QE3 program. By the end of the week, many currencies slightly regained some of their losses against the US dollar. The ongoing concerns over the Euro Area debt crisis will continue to affect the Euro/USD throughout the rest of the week.
For the complete weekly forex analysis report see in Forex NRG
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss in excess to your investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.