Forex Weekly Market Review June 21, 2010

By eToro – The equity markets displayed a strong performance this week with the S&P 500 Index climbing 26 points or 2.4% to close the week at 1117.  The benchmark index easily moved through the 200-day moving average, which had acted as strong resistance until this week.  The correction of the dollar was the impetuous for the strong returns, which could continue into next week.

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Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don’t trade with money you can’t afford to lose.

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