Daily Forex Commentary March 10, 2010

March 10, 2010

Euro Building Support Base for Potential Upside Breakout

The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major
U.S. economic reports this week is still influencing the trade although this will change with Thursday’s Weekly Initial Jobs Claims Report.

Early in the session it was clear that traders were looking for risk as the stock indices rose with the March …

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