
Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Sunday, July 26, 2009
Stocks Broke Out, Will Currencies Follow? / Stock-Markets / Forex Trading
By: Dodjit
Over the last couple of weeks, we have mentioned numerous times the strong correlation between the U.S stock market and certain currency pairs. Since the beginning of March 2009, stocks have rallied, restoring traders' confidence, while risk appetite has increased dramatically, pushing carry trades higher. Last week the S&P500 soared through recent resistance of 950, after approximately 40% of its components released their earnings.