Macroeconomic Events
US politic 2008
One of the major event impacting on a currency pair is political
events. thats why the 2008 us presidential race between Barrack
Obama and John Mc Cain of the Republican Party.
When we look at the monthly chart EUR/USD ,from the time
the poles start to predict Barrack Obama in the lead. The Eur/Usd
move from 1.6000 down to 1.2330 to date.
The dollars will gain some ground as the new adminstration seek
solution to the economic mess created by the Bush administration.
As fresh and new ideas come to Washington; look forward for the
dollar to gain some strength against the Euro.
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