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Forex in 60 Seconds - Citi Earnings Helps Carry, UK 2Q GDP Top Risk Next Week

Friday, 18 July 2008 21:53:07 GMT

Written by John Kicklighter, Currency Analyst


 ·          Citi's earnings beat expectations, helps lift the carry trade back to levels of resistance.
 ·          Next week's docket fills out with UK 2Q GDP, a RBNZ rate decision, Australian CPI and Canadian retail sales promising action.

Stories to watch on DailyFX

·          With Freddie and Fannie concerns ease and earnings beat forecasts, the carry trade has found its way back to multi-month highs.
·          Check out Kathy's take on next week's event risk.

Send any comments or questions to jkicklighter@dailyfx.com.

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