Today equities are in focus once again, after tanking overnight in Asia and Europe. There’s a lot of chatter about another coordinated inter-meeting rate cut from major central banks, but this time a bigger one of something like 100bps. Definitely something to keep an eye on this morning, with G7 central bankers already gathered together [...]
Entries Tagged as 'FOREX Market Update'
FX Market Update - October 10 2008
October 10th, 2008 · No Comments
Tags: FOREX Market Update
FX Trading Strategy – Fear and Burn out
October 10th, 2008 · No Comments
Markets in FX reveal the global panic and fear in assets. CHF and JPY gained, AUD, NZD and CAD lost. Oil is down almost $4; Gold up almost $42. News set overnight focuses on the Japanese insurer going under, Libor going up again to highest levels of the year; GE profits meeting forecasts; Canadian employment [...]
Tags: FOREX Market Update
USDCAD at 1.15
October 9th, 2008 · No Comments
A large fix went through and the market couldn’t handle it. We’ve seen a 288 point range so far today. The market just can’t handle large volume. We’re seeing years and years of lending excess and carry trades being unwound in a matter of weeks. It’s a stampede of position liquidation as everyone tries to [...]
Tags: FOREX Market Update