Investing & trading with exchange-traded funds (ETFs) and closed-end funds (CEFs). Strategies & analysis but no buy or sell recommendations.
Visit SeekingAlpha ETFs
Friday Currency Review: USD/Yen Trading Near 200 DMA
Posted on July 05, 2009
Overall, the dollar lost a few points during the first part of Friday's session, but during European trade the whole currency market started moving side-ways. The only exception was the pound, which shed every pip gained earlier in the day throughout the European session. Ahead, the market is expected to retain a weak momentum ahead of the closed U.S. session. Few pairs have been able to move anywhere decisively this week. The Euro (Eur/Usd) advanced up to the neutral pivot point during the overnight session, but since then has practically came to a standstill, having a 10-pip side-ways channe...
Original article link
Subscribe to SeekingAlpha ETFs