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Negative Equity Trade Protects The Dollar

Published 12/31/2000, 07:00 PM
Updated 06/18/2009, 03:56 AM

www.TheLFB-Forex.com A Forex Trader Portal

Interest rate decision from Switzerland is out of the way, the SNB remained on hold at 0.25%. We now have U.K. Retail Sales numbers at 04:30 EDT to absorb, they are looking to drop from 0.9% to 0.4%.

The initial test of resistance by the major pairs to break down the Usd has happened, and the pull-back from that test coincided with a sharp reversal in oil and gold prices that now will require equity markets to address by moving higher, if the major pairs can make the next move up. 

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