All Posts Tagged With: "currencies"
US SESSION: SELLERS CONTINUE TO DRIVE MARKETS SOUTH JPY STRENGTHENS
The dollar seems to be breaking away from the risk aversion trade which has been the persistent theme in the marketplace. The EurUsd rose nearly 130 pips to the low range of 1.26, while the UsdJpy moved 50 pips to…
17Nov2008 | ACM Forex | 0 comments | ContinuedUS SESSION: STERLING COLLAPSED AFTER CONFIRMATION UK IS RECESSION.
The dollar has seen considerable strength due to greater risk aversion. The EurUsd is trading close to yesterday’s close at the low range 1.25, while the UsdJpy dropped more than 230pips to the low 95 price area. The GbpUsd experienced…
12Nov2008 | ACM Forex | 0 comments | ContinuedTHE DOLLAR STRENGTHENED FOLLOWING THE VICTORY OF PRESIDENT ELECT BARACK OBAMA
The dollar picked up strength against most of the majors as the risk aversion trade persists in the marketplace. The EurUsd slipped a little over 30 pips to the mid range of $1.29, while the UsdJpy fell 100 pips to…
6Nov2008 | ACM Forex | 0 comments | ContinuedUS SESSION: THE DOLLAR WEAKENS AS RISK AVERSION
Risk Aversion continues to be a key driver in the market place, as the dollar extended yesterday’s losses against most of the majors. The EurUsd rose over 130 pips to low range of 1.28, while the UsdJpy fell 112 pips…
29Oct2008 | ACM Forex | 0 comments | ContinuedThe Limited Shelf Life of Dollar Fruit
Today, we’ll keep it short and sweet.
The Dow managed only a piddling 32-point rise yesterday; still no recovery from last week’s big losses.
Oil rose another $1.30 - to close over $141. Gold jumped $16; it will now cost you $944…
3Jul2008 | Daily Reckoning | 0 comments | ContinuedCurrency Intervention Won’t Halt the U.S. Dollar’s Nosedive
Last week the U.S. Federal Reserve moved one step closer to acknowledging reality.
Unfortunately, it didn’t let that admission move it from a policy course firmly guided by fantasy - meaning the central bank opted to stand pat on interest…
2Jul2008 | Money Morning | 0 comments | Continued
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