Tuesday 25 Sep 2018

Weekly Forex Market Commentary

By GFT (GFT) · August 11, 2008 · No comments
Forex Market Overview ·

The US currency exploded higher last week and this confirms it put in a significant bottom.

The US currency exploded higher last week and this confirms it put in a significant bottom. The US economy is in recession and the housing sector is in disarray, but the rest of the world is only starting to get the contagion and it will be ugly. Commodities have started to be liquidated and I believe there are more positions to be closed.? The dollar has much more to go and I suspect any weakness would provide opportunities to buy it on the cheap.

GFT

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Forex Market Overview

Risk WarningSite visitors hereby acknowledge that: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Weekly Forex Market Commentary

GFT

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