Monday, July 14, 2008
5 Key Events for the Forex Market This Week 07.14.08
The US dollar, British pound, euro, and Canadian dollar ALL face significant event risk this week. However, volatility may be contained to two days, as the most important releases will hit the wires on Tuesday and Wednesday. If there is one thing to watch, though, it will likely be Federal Reserve Chairman Ben Bernanke’s testimony to the Senate on Tuesday, as his commentary has proven to be a tried-and-tested mover for the US dollar, US equities, and Treasuries.
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