Forex | Forex Blog | Forex and Financial Market Update 7 July 2009 (15/07/2009 06:41:43)

Forex and Financial Market Update 7 July 2009

Once again the the markets suffered through another bout of relentless selling and risk aversion. Today the selling began before NY opened and intensified during the Wall St. session. Crude maintained its role as the leading 'fear trade' and the market which took equities and several of the higher-risk, higher-yielding currencies to fresh weekly lows.

In the earlier European session a stronger than expected German Factory Orders report sent both cru [...]

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