Published on FXDD (http://forex.fxdd.com)
Forex Trading: Dollar influenced by stocks today
By Greg Michalowski
Created Jul 18 2008 - 9:27am

The Dow is negative and it is having an effect on the dollar today.  Oil is up $1.40 or so.  Overall, the market is fairly quiet.

The EURUSD has been supported at the 1.5822 level post the ECB hawkish comments.  The Europe and London closes are next on the agenda.  The anxiety of the weekend is less this week so the volatility should be limited. 


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