Trouble Ahead for the USD
The US Congress has grown so stubborn as of late they are potentially forcing the nation to approach its default level on national debt. This trouble has left Obama and his cabinet with no choice but to beg private business to exert its influence upon politicians. Although the politicians much like their constituents are beginning to see that the mountain of debt must someday be dealt with. Someday in the near future the United States is going to have to face the situation it is in, paying off debt with other debt is not going to have any positive results for the USD on the online forex exchange. This has lead to an increase in the sense of doom and gloom now encircling Washington D.C., and many no longer trust the USD as the world's reserve currency.
The businesses in the United States are already beginning to lean on the politicians in the United States to raise the debt ceiling. If the debt ceiling is raised look for large spikes in the value of the USD against the Euro and other major currencies. This spike will certainly lead many to a profitable place in the online forex exchange if they stay up to date on future developments and anticipate the changes accordingly. This can either be a very profitable ride for the knowledgeable and patient trader, or it could become a massive liability for those who are unwilling to be patient and apply due diligence towards the circumstances at hand. The USD is going to be undergoing some massive changes in the next couple weeks due to the debt ceiling, and you had better be ready.
There are already a large number of issues occurring with the USD against the CHF (Swiss Franc) as of late, and many speculate this to be a direct result of both quantitative easing nearing its next end and a failure to raise the debt ceiling. When you also add to this the fact China is not going to be willing to pay the US' bills for much longer and you have a recipe for disaster. There must be a good deal of time spent analyzing technical indicators in addition to staying plugged into the news where the USD is concerned, the moment the debt ceiling is raised or the US' debt is defaulted on you will see some very serious consequences for the USD.
The businesses in the United States are already beginning to lean on the politicians in the United States to raise the debt ceiling. If the debt ceiling is raised look for large spikes in the value of the USD against the Euro and other major currencies. This spike will certainly lead many to a profitable place in the online forex exchange if they stay up to date on future developments and anticipate the changes accordingly. This can either be a very profitable ride for the knowledgeable and patient trader, or it could become a massive liability for those who are unwilling to be patient and apply due diligence towards the circumstances at hand. The USD is going to be undergoing some massive changes in the next couple weeks due to the debt ceiling, and you had better be ready.
There are already a large number of issues occurring with the USD against the CHF (Swiss Franc) as of late, and many speculate this to be a direct result of both quantitative easing nearing its next end and a failure to raise the debt ceiling. When you also add to this the fact China is not going to be willing to pay the US' bills for much longer and you have a recipe for disaster. There must be a good deal of time spent analyzing technical indicators in addition to staying plugged into the news where the USD is concerned, the moment the debt ceiling is raised or the US' debt is defaulted on you will see some very serious consequences for the USD.
