forex news - Earnings News to Affect Forex Trading Forecast

Greenback awaits currency trading directionLast week, earnings began rolling out in the U.S. for the 4th quarter of 2008 — but just a trickle. This week, though, the earnings reports really start rolling in. And what happens this week is likely to affect the forex trading forecast.

So, while bailout news has been dominating the greenback in currency trading lately, it is likely to take a backseat for a little while.

FX Street reports on earnings expected this week:

Today we have Logitech, tomorrow IBM and Johnson & Johnson, on Wednesday United Technologies, on Thursday Google, Microsoft, Nokia, Lockheed Martin and Bank of New York Mellon and finally on Friday GE and Xerox. The impact of these results and the ones coming next week may be much greater than a short term relief after the bailout of Bank of America.