Forex | Forex Blog | Forex and Financial Market Update 15 July 2009 (20/07/2009 06:22:40)

Forex and Financial Market Update 15 July 2009

The return of euphoria:

Good earnings, hot consumer price inflation, and a textbook short-squeeze scenario skyrocketed the S&P 500, Dow, crude oil, and gold while sending the US dollar Index sliding below its support, droppingdown to the 79.50 level and closing for a 1% loss.

The good news for equities, commodities and higher-yielding currencies... CPI made its biggest jump in 7-months while the key Core CPI showed a 1.7% gain year-over-yea [...]

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