Business-Insider

The news that 5 central banks are "teaming up" to fight credit market issues has dominated the forex today. Atlhough this sounds good, I have a couple concerns about the news. First, doesn't the fact that central banks, who usually have different objectives, are combining forces mean that the problem is worse than we thought? Second, increased open market activity by the banks will increase volatility. I don't think we have an account killer event on the horizon but I still maintain that risk levels are high not lower in the forex based on the news today.

In addition to this discussion, I will take a few minutes in the daily video to walk through the new pairs pages we released on our site yesterday. Take a look and tell us what you think.

To see the video, click here: http://www.pfxglobal.com
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