Currency Trading Summary
Thursday, April 30, 2009 GMT
U.S. Dollar Trading (USD) weakened substantially on the back of solid equity markets. Q1 GDP was worse than expected at -6.1% vs. -4.9% forecast. The FOMC also met and held rates at the 0-0.25% target range.
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Forex Market Update and the Swine Flu
Tuesday, April 28, 2009 GMT
Markets were still on the defensive at the start of the Asian session as the swine flu crisis develops. Risk aversion was at heightened levels but there were signs of bottom-picking in currency markets with some viewing the risk sell-off as overdone and looking for bargains.
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Forex Affected by Swine Flu
Tuesday, April 28, 2009 GMT
The yen advanced to a six-week high against the euro after the World Health Organization said the swine flu outbreak is no longer containable, triggering demand for safer assets.
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Morning Forex Overview
Monday, April 27, 2009 GMT
The US dollar fell against the euro and to its weakest level in a week against a basket of currencies. Demand for the greenback fell on the easing of extreme risk aversion.
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Currency Trading Summary
Monday, April 27, 2009 GMT
U.S. Dollar Trading (USD) the direction was set in the Asian session with news from China about the diversification of FX reserves. Figures released show that gold holdings had increased to over 1000 tons.
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Market Thoughts
Saturday, April 25, 2009 GMT
Sterling the worst performer ahead of USD on worse than expected Q1 GDO and concerns of a possible downgrade of the UKs credit rating...
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All round dollar selling
Saturday, April 25, 2009 GMT
One can understand how a better reading of business confidence across several thousand German businessmen could help drive the euro to a second day of gains against the dollar...
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TOO BIG TO SURVIVE
Thursday, April 23, 2009 GMT
On April 20th, Bank of America announced a first quarter surge in earnings to $4.2 billion. At first blush, it looked like the kind of news that would ignite a stock market rally.
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