Wednesday, July 22, 2009

Corporate records continue to set the tone for the trading forex

Another series of pleasant surprises on the part of corporate reporting, which included such companies as Boeing, Pepsi, Eli Lilly and Pfizer, supported the improvement in sentiment on equity markets, allowing the major stock indexes significantly reduce losses. However, the Bulls still are not in a hurry to go on the offensive, and the sharp correction of the pound / dollar, supported by the performance of the foot above the sixty-fourth the figure, was stopped in the area of $ 1.6450. To date, the couple has adjusted somewhat lower, and now holds around $ 1.6425, but dealers noted that, while the pound was able to return above $ 1.6410/20, the bulls remain fragile and should be back above $ 1.6460, to be able to talk about the possibility of a resumption of growth . Currently, dealers noted the strengthening of the negative attitude against the backdrop of news that Morgan Stanley in the second quarter was a loss of $ 1.37 per share.

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