This is due to the weaker Euro and British pound and weakening demand for Crude Oil.
Our only hope now is for Euro to bounce off its low towards 1.500 and this must happen by next week. If not expect the market to go down further.
Thursday, September 4, 2008
Dollar getting too strong
The market has been beaten down today especially companies that have exposure to global markets and anything to do with commodities.
This is due to the weaker Euro and British pound and weakening demand for Crude Oil.
Our only hope now is for Euro to bounce off its low towards 1.500 and this must happen by next week. If not expect the market to go down further.
This is due to the weaker Euro and British pound and weakening demand for Crude Oil.
Our only hope now is for Euro to bounce off its low towards 1.500 and this must happen by next week. If not expect the market to go down further.
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