Forex Weekly Summary – July 17

This is the weekly summary for July 17th. It is a way for you to get all the posting information over the week without having to read it all. You can read about what you want and decide which one excites you the most. Use Forex Killer to help yourself make more profitable trades. Click here to get it.

Bernanke May Speak of Exit Strategy – People are waiting to hear the exit strategy of the Fed from the market. A lot of investors are sitting on the sidelines waiting to hear what is going to happen. There is obviously a distortion in the currency market with this.

Canadian Dollar Gains After Central Bank Surveys – The Canadian dollar has been flying all this week because of a lot of positive news coming out of Canada. The economy is expected to have decent growth for the second half of this year.

US Dollar Getting Pounded – All this week the US dollar has been getting beat up and pounded on. it has fallen and that isn’t good for the forex traders that are trying to profit with it.

China $2 Trillion Reserves Keeping the US Stimulus Afloat – China is really the only reason that treasury bonds are being bought. No one else seems to want them at all, so that isn’t good.

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