Daily Forex Commentary for June 19, 2009

June 18th, 2009 • Related • Filed Under




June 19, 2009

Central Bank Comments Carrying More Weight than Actions

The U.S. Dollar strengthened late Thursday follows better than expected U.S. economic reports which showed the economy was stabilizing and beginning to show signs of bottoming.

The lackluster trade in the Forex markets continued throughout the day with no real movement in either direction. Today’s action is best described as two-sided. This is most likely because of the mix of the news recently. Most major Forex pairs for the most part have reached short-term retracement areas which have more or …
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