Wednesday, July 8, 2009

US Dollar to Rise Against Forex Majors on Demand for Safety

Article

The US Dollar is likely to see gains in the days and weeks ahead as stock markets reverse lower, boosting demand for the safety-linked currency. The Dow Jones Industrial Average looks to have broken support at the neckline of a Head and Shoulders topping chart formation, hinting a bearish reversal is ahead:

Dow Jones Industrial Average (daily)

No comments:

 

Click to Feed:
Here