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One News Page » Category » Markets » Friday, 20 November 2009 » The Week Ahead updated November 20 2009

Information / Related NewsOpen Full Story in New WindowThe Week Ahead updated November 20, 2009

Reported by IBTimes on Friday, 20 November 2009 (on November 20, 2009)
IBTimes
The moves this week should convince anyone that had any doubt, that the correlation between equity markets and currencies remains alive and well. It was a rollercoaster, with EUR/USD oscillating between 1.4800 support and 1.5000 resistance for the better part of the week. The S&P 500 meanwhile continued to find interest on either side of the pivotal 1100 level. It seems that EUR/USD 1.50 and the S&P 1100 go hand in hand as both remain extre...

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