Weekly Forex Market Commentary
The financial markets are in a very sensitive place and the worst is not behind us. The credit crunch has yet to end, the monolines companies have yet to be rescued, commodities have yet to plateau, and in the midst of all that the dollar is all over the place. Its divergent paths last week illustrate this situation. The dual fiscal and monetary effort will clearly alleviate the weakness of the economy, but this doesn?t guarantee that jobs won?t be terminated and that a recession will not hit us. Day trading is needed here, as trends could be dangerous to your health.
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