All Posts Tagged With: "trading session"

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 the pair back above 1.50 ahead of the BoE rate announcement scheduled for tomorrow. Equity markets deteriorated in the US and Europe, with all the major indexes closing on the negative side. Bond yields were active but have since moderated levels still well below historical averages. Commodities slid across the board with oil down 12% at $42bbl, and gold off…

7Jan2009 | Advanced Currency Markets | 0 comments | Continued

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