Archive for ACM Forex
EQUITIES AND DOLLAR DECLINE ALIKE THE CORRELATION MAY BE BREAKING
Dollar strength experienced a strong reversal in today’s trading session. The EurUsd rose 100pips to the low range of 1.36, while the UsdJpy dropped a bit over 100pips through 93 to high 92 price area. The GbpUsd surged 200pips pushing…
7Jan2009 | ACM Forex | 0 comments | ContinuedOBAMA STIMULUS PLAN GAINING BIPARTISAN SUPPORT DOLLAR GAINS
The dollar gained considerable strength in early trading and since began to stabilize against the majors. The EurUsd collapsed nearly 300pips to the low range of 1.36, while the UsdJpy jumped roughly 140pips to the low 93 price area. The…
5Jan2009 | ACM Forex | 0 comments | ContinuedFX MARKETS QUIET AHEAD OF THE CHRISTMAS
The dollar was stronger against most of the G10 on light trading volume, which is typical prior to a major holiday. The EurUsd rose 30pips to the mid 1.39 level, while the UsdJpy picked up 10pips to the low 90…
22Dec2008 | ACM Forex | 0 comments | ContinuedUS SESSION: DOLLAR CLOSING THE WEEK STRONGER ACROSS THE G10
The dollar gained substantially against most of the majors recovering most of this week’s losses. The EurUsd sunk over 360 pips to the high range of 1.38, while the UsdJpy was mostly flat up only 7pips to mid 89 price…
19Dec2008 | ACM Forex | 1 comment | ContinuedUS SESSION: DOLLAR SLAMMED FOLLOWING FOMC RATE ANNOUNCEMENT
Prices in the FX market continue to experience a strong correction putting a cease to the recent trend of dollar strength. The EurUsd surged over 350pips to the mid range of 1.40, while the UsdJpy dropped 170pips to the high…
16Dec2008 | ACM Forex | 0 comments | ContinuedUS SESSION: FX PRICES DEVIATE FROM RISK AVERSION TRADE, GOLD AN OIL RALLY STRONG
The dollar fell to its lowest levels in seven weeks against the majors displacing the recent trend trading across the financial markets. The EurUsd rose over 300 pips to the low 1.33 price area, while the UsdJpy fell 137pips to…
12Dec2008 | ACM Forex | 0 comments | ContinuedRISK AVERSION TRADE CONTINUES TO DRIVE FX PRICES
The trend of risk aversion persists with the dollar weaker against most of the majors. The EurUsd gained a little over 100pips to the low 1.30 price area, while the UsdJpy increased nearly 50 pips to the mid range of…
10Dec2008 | ACM Forex | 0 comments | ContinuedNON‐FARM PAYROLLS DO LITTLE TO MOVE MARKETS, DOLLAR DECLINES AFTER EARLY RALLY
The dollar was mixed against the majors, as the early part of the trading session was preoccupied with economic data. The EurUsd fell 80pips to trading through 1.27, while the UsdJpy gained 90pips to the low 93 price area. The…
5Dec2008 | ACM Forex | 0 comments | ContinuedEQUITIES LOOKING AT A NEGATIVE SESSION AS TRADERS SCALE BACK RISK AHEAD OF RATE CUTS
The Dollar and yen hold their stature as safe haven currencies, as investors brace themselves for a selloff in the US trading session. The EurUsd fell 85 pips to the low range of 1.26, while the UsdJpy dropped 140pips finding…
1Dec2008 | ACM Forex | 0 comments | ContinuedUS SESSION: CALM BEFORE THE STORM, CENTRAL BANKS ARE SET TO MEET NEXT WEEK
Dollar strength carried into Black Friday, seeing strong against the majors. The EurUsd fell a bit over 200pips to the low 1.27 level, while the UsdJpy rose 30 pips to the mid 95 price area. The GbpUsd slipped 90 pips…
28Nov2008 | ACM Forex | 0 comments | ContinuedUS SESSION: RALLY IN RISK APPETITE LOSING STEAM, DOLLAR RISES.
The dollar gained strength against the majors as rally riskier assets subsides in early trading. The EurUsd fell a bit over 100pips to the mid 1.29 level, while the UsdJpy moved slightly lower to 95. The GbpUsd dropped 125pips to…
26Nov2008 | ACM Forex | 0 comments | ContinuedUS SESSION: GOVT. BAILOUT PROVIDES SHORT TERM EUPHORIA, STILL ROOM FOR ADDITIONAL MARKET TURBULENCE
The dollar was battered in intraday trading as the market reacts to the announcement of another US Govt. bailout. The EurUsd rose sharply by 190pips to the high range of 1.27, while the UsdJpy is mostly flat slight under 97.…
24Nov2008 | ACM Forex | 0 comments | ContinuedUS SESSION: EQUITIES SINK FOR SECOND STRAIGHT SESSION, STERLING SLIDES
The dollar rallied in today’s trading session, as the risk aversion overtook the marketplace. The EurUsd fell 35 pips to the mid 1.24 range, while the UsdJpy dropped 200 pips to the high 93 price area. The GbpUsd declined 225…
21Nov2008 | ACM Forex | 0 comments | ContinuedUS SESSION: PAULSON AND BERNANKE TESTIFY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE REGARDING THE TARP
The dollar was mostly flat against the majors in intraday trading as Fed Chairman Bernanke and Treasury Secretary Paulson discuss the TARP before the House Financial Services Committee. The EurUsd slipped 10 pips to the low range of 1.26, while…
19Nov2008 | ACM Forex | 0 comments | Continued
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