2010 has just kicked off and the Forex market is already in full gear

2010 has already kicked off and the Forex market is already in full gear. There were quite a few important economic reports released this week, and a fully mixed bag at that. A stronger USD has helped to bring oil prices down to $79 a barrel, while the US Government is getting active in going after companies who abused their power or broke the law and helped contribute the financial meltdown that helped cause the current recession. FedEx has declared that freight shipping prices are going to have to increase nearly 6%, which could put a damper on a lot of smaller to mid-sized businesses who depend on shipping.

Otherwise most of the economic news this week comes with the actual market reports that help influence the Forex’s ebb and flow. One common theme that many nations share, unfortunate as it is, is that many nations experiencing recovery are still waiting for the jobs to follow, since only the return of jobs will help boost incomes, spending, and truly deliver a full recovery to the majority of people who have suffered due to the economic downturn.

Bit by bit some form of recovery seems to be continuing, so without any further delay let’s jump into it with this week in review.

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