November 25, 2009
Economic Reports Fail to Generate Excitement in Lifeless Forex Markets
Sideways-to-lower U.S. equity markets helped prop up the Dollar on Tuesday as traders became more averse to higher risk assets. Trading conditions were thin and lifeless which made it
difficult to determine if today’s action was being triggered by holiday liquidation or U.S. economic reports. Nonetheless, the trading action was not normal which set-up the possibility of bull and
bear traps throughout the day.
This morning the U.S. reported that 3rd Quarter GDP fell …
