Tuesday, November 4, 2008

"Increased Stability"

Some good news for world markets. The credit freeze that has crippled the financial markets over the last few months appears to be thawing. The Bank of England and the European Central Bank are expected to cut their key rate an additional 50 basis points this week which should further help solve the problem. A stabilization of these markets does not necessarily help or hurt our currency trading systems but does help all of us in our own personal financial situations.