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Weekly Forex Market Commentary

By GFT (GFT) · August 18, 2008 · No comments
Forex Market Overview ·

The US currency marched higher during the past week in a stampede and even the yen fell prey, despite benefiting intermittently from liquidation of carry trades.

The US currency marched higher during the past week in a stampede and even the yen fell prey, despite benefiting intermittently from liquidation of carry trades. The Eurozone, UK and Japanese economies having lagging the US economy is starting their decline and this places the dollar in a position of relative strength. Unless the commodities slow down their descent, the dollar seems primed for more gains. ?

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

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