EARNINGS REPORT WILL DICTATE FOREX PRICE MOVEMENT

July 28, 2010

After a good run of better than expected eurozone data and a shift in risk trends in the financial markets the EUR/USD traded at an 11 week high overnight to touch $1.3004 – a key target point for speculators. It is clear that investors are turning their attention away from Euro-zone soveriegn debt risks and more towards the corncerns that surround the US economic recovery and key fundamental and technical developments accross the markets.
With market sentiment hit by yesterday’

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posted in Forex News by admin

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