Daily Forex Commentary for July 15, 2009

July 14th, 2009 • Related • Filed Under




July 15, 2009

Canadian and New Zealand Dollars Re-establish Uptrends

The U.S. Dollar finished mixed on Tuesday as investors for the most part looked for opportunities in more risky assets. U.S. equity markets rallied, increasing the desire to buy oversold higher-yielding assets such as the Australian and New Zealand Dollars, while selling the safe-haven Japanese Yen. Some Forex majors changed their daily chart trends to up indicating the potential for more upside movement while others appeared to be headed toward major retracement levels. For the most part the Dollar majors remained inside of …
Read More …

Post a Response

  • Polls

    How Has The U.S. Recession Affected You?

    View Results

    Loading ... Loading ...
    • Improve the web with Nofollow Reciprocity.