SubscribeDaily Forex Commentary for October 20, 2009
October 20th, 2009 • Related • Filed Under
October 20, 2009
Boost in U.S. Equity Markets Drives Investors toward Higher Yielding Currencies
The lack of fresh economic reports today gave traders no choice but to look at the trend and resume selling pressure on the U.S. Dollar. The U.S. Dollar resumed its downtrend from the opening of the New York trading session after trying to mount a small comeback late last week. Better than expected earnings or projections for better earnings in the future helped drive up equity prices which in turn boosted demand for higher risk assets. Fed Chairman Bernanke …
Read More …
More on this topic
(What's this?)
Forex Trading Course, A Must For Forex Beginners
(Think in Trading, 10/7/09)
A Great Forex Trading System Anybody Can Use
(The Wild Investor, 9/27/09)
4 Super Quick Ways To Increase Profits In Forex
(Think in Trading, 9/14/09)
Loading ...
