Currencies
These forex markets are great at the moment! As another eventful week draws to a close the dollar appears to be regaining ground lost at the start of the week when economic releases from the US pointed to slower growth and reduced inflationary pressures.
But my feeling is that the greenback’s bounce is more to do with short-term profit taking on short positions, rather than any lasting dollar trend.
It’s perhaps understandable that during the peak holiday season operators will look to make short-term gains rather than “get married” to a longer term trade ... Read More
Wow – what an event-packed week for the currency markets!
At first the Middle East crisis seemed to be dominating the action. But of course, by the end of the week, the focus had shifted to events much closer to home.
With a terror plot apparently failed in the UK, Sterling finally took a breather from hammering the US Dollar. ... Read More
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Forex Profit Alert
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