The Forex Market Starting the Week Quietly…..

Posted by Dennis Gartman - The Gartman Letter

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“THE FOREX MARKET IS STARTING THE WEEK QUIETLY now that the long awaited “stress tests” for the European banking system are behind us.  On balance, the “Commonwealth” currencies… the Aussie, New Zealand and Canadian dollars alongwith Her Majesty’s British Pound Sterling… are generally doing better, but only modestly so, while the Yen and the EUR are doing a bit worse… again, only modestly so.  The summer doldrums are setting in and the markets are preparing for the fact that European trading centres will be shutting down or going to very low levels of participation during the regular August holiday period”. – From the GARTMAN LETTER For a Trial Subscription go to The Gartman Letter)