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RISK 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 92. The GbpUsd increased nearly 60pips trading through the previous resistance of 1.48. Equities are trading higher in the US, which was consistent with the positive move in European stock indexes. Bond yields are still compressed below normal levels, with the 2yr at .85% and the 10yr at 2.6%. Commodities rallied across the board seeing strong gains in energy and…
10Dec2008 | Advanced Currency Markets | 0 comments | Continued
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