Friday, August 7, 2009

Dollar Makes a Critical Bearish Break but Risk Appetite Provides Little Follow Through

The sharp rally that opened this week seemed to confirm that the next wave of a five-month bull trend was underway. However, this optimistic outlook was immediately deflated when momentum failed support the transition. What is the source of this hesitation? Fundamentals.

Carry.08.06.09.img1

No comments:

Post a Comment