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If and when, it will probably occur on the Fitures or Commodities market.....not the retail spot Forex market.
The spot Forex market involves the buying and selling of currency pairs.
US Advanced GDP Report at Forefront of Forex Trading Today
Economic News USD - Dollar Rises despite Negative Data
The US Dollar extended gains against the EUR after a report showed an unexpected fall in U.S. new home sales for September. The data offset solid durables goods numbers and stoked fear the rally in risky assets in recent months has run ahead of fundamentals. As a result, the USD finished yesterday's trading session 100 pips higher against the EUR at the1.4716 level. The greenback also saw bullishness against the CHF and closed at 1.0260.
Yesterday, government reports showed that U.S. new home sales unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment. New single-family home sales fell 3.6% to a 402,000 unit annual pace from a downwardly revised 417,000 units in August. That has helped the U.S Dollar revive its safe haven appeal.
The other factor which led to the bullish Dollar yesterday was that
Global Forex Trading - 16 “Dynamic” Features Of Global Forex Trading!
Nearly the same Currency Trading Posts
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News
US dollar up fourth straight day against euroChannel News Asia - Oct 29, 2009
Washington PostKathy Lien, director of currency research at Global Forex Trading, said "risk tolerance was obliterated on weak" US new home sales and a continued sell-off FOREX-Yen, US dollar rise as risky assets retreatFOREX-Yen climb steepens as profits booked on risk tradesWORLD FOREX: Euro Breaches Key Level, Could Sink Below $1.46 - -all 413 news articles »
Forexyard - Oct 29, 2009
Elliott WaveLooking ahead, traders are advised to watch carefully the global stock markets and the major economic indicators which will be published from the US and Forex Trading − The EUR/USD Trades Past $1.50 First Time in 14 MonthsAsia SessionDaily Forex Report - USD higher, China reserve diversification a long term goal - -all 236 news articles »
Wall Street Journal - Oct 13, 2009
Nepal News right now: The dollar will continue to fall unless it has a good reason not to," said Kathy Lien, chief strategist at Global Forex Trading in New York. Dollar slumps, tugged by gold, stocksUS dollar slides again as risk trade growsDollar Hits 14-month Low; Fed Says Economy Better -all 752 news articles »
Wall Street Journal - Oct 14, 2009
AFPIn overnight trading, recent upside earnings surprises from the likes of Intel and JP Morgan Chase gave a significant lift to global risk sentiment, After another 14-month low overnight, dollar decline eases following subpar Dollar steadies after 14-month low on euroFOREX-Dollar climbs on US data, Bank of America results - -all 343 news articles »
DailyForex - Oct 29, 2009
You will quickly become part of the 90% of traders that lose their money in the Forex trading arena. So, how do you avoid these two painful experiences?