Market Thoughts

0

0
18/4/2008 − the current market sentiment
Fri, Apr 18 2008, 12:01 GMT
by Walid Salah El Din
FX Recommends
A single currency correction amid criticism of its all times high near 1.6 caused a repeated inability to break above it causing a profit taken wave across the broad enforced by a break of 1.588 and the next support is at 1.5758. The singe currency slumped versus the British pound too pushing the British pound to rally in justifying of this pair driving it now to nearly .79 and pushing the British pound to 1.9992 versus the greenback just shy of 2 right now.
No key data this Friday encourages the market correction after the release of the Citigroup loses quarterly report for the third consecutive quarter reached 5.1$ Billion
The financial minister of Luxemburg Jean-Claude Juncker 's comments that the financial markets misunderstood the Group of Seven's concerns about the volatility of major currencies.
Best wishes
FX-Recommends
FX Consultant
Walid Salah El Din
E-Mail: mail@fx-recommends.com
Published on
Fri, Apr 18 2008, 12:01 GMT
Archive
- 24/11/2009 - The Current Market Sentiment
Published On Tue, Nov 24 2009, 04:38 GMT
- 17/11/2009 - The Current Market Sentiment
Published On Tue, Nov 17 2009, 05:15 GMT
- 11/11/2009 - The Current Market Sentiment
Published On Wed, Nov 11 2009, 04:58 GMT
- 5/11/2009 - The Current Market Sentiment
Published On Thu, Nov 5 2009, 14:25 GMT
- 2/11/2009 - The Current Market Sentiment
Published On Mon, Nov 2 2009, 12:17 GMT
[ View All ]
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
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 you 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.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.