Forex Weekly Market Review Aug 16, 2010

By eToro – Equity markets retraced this week as investors returned to the risk off trade. Prices of riskier currencies, along with petroleum and grains retreated as investors absorbed a number of economic data points that where softer than expected. For the week, the S&P 500 Index declined by 43 points or 3.85 percent.

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Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don’t trade with money you can’t afford to lose.