Bernanke is closer to take second term as Fed chairmen

By IBTimes Staff Reporter | January 25 2010 1:37 AM

EUR/USD (1.4168)European & US sessions forecast levels: 1.4030/1.4415Trend Sessions: European: Neutral/Upward US: NeutralMarket Focus: 10:00 AM Existing Home Sales.Daily Strategy: After the strong dollar recovery during the last week the dollar started this week flat. It is expecting to see correction based on technical analysis. The Greece problems are one of the factors for the weak Euro these days. The situation about Bernanke second term as chairmen of the Federal Reserve is another key factor for the traders. It is almost sure that Bernanke will take second term that is accepting as not good news for the dollar in short-term view.

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