Currency Trading Summary-May 29th
Saturday, May 30, 2009 GMT
U.S. Dollar Trading (USD) enjoyed another brief bounce in the Asian session as investor concerns about the GM bankruptcy and weak stocks weigh on sentiment. The main source of gains was against the Yen which came under heavy selling pressure as moody affirmed the US AAA Bond rating.
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Currency Trading Summary- May 26th
Tuesday, May 26, 2009 GMT
U.S. Dollar Trading (USD) finished the day broadly unchanged as holidays in the UK and USA kept volume low. Some action was seen in Asia as news of a Nuclear test from North Korea caused risk aversion to notch higher.
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Britain thrown to the pigs
Friday, May 22, 2009 GMT
The British pound is recovering from an earlier belly-ache brought on by the specter of a loss of its AAA credit rating. According to Standard & Poor’s, there is a one-in-three chance that the government’s incessant spending to stave off recession will end in a loss of its ranking.
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Currency Trading Summary May 20th
Wednesday, May 20, 2009 GMT
U.S. Dollar Trading (USD) came under pressure at the start of the European session with GBP breaking above resistance at 1.5350 to fresh year highs and taking AUD also to new highs above 0.7700.
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Forex Market Update- May 19
Tuesday, May 19, 2009 GMT
Markets managed to turn on a sixpence again yesterday, recouping Friday’s losses - and more – amid a slew of more positive inputs. First off, markets took their cue from the impressive rally in Indian equities (up 17%+) after the weekend election result, triggering a full-day circuit breaker after the first 2 hours!
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Currency Trading Summary May 18
Monday, May 18, 2009 GMT
U.S. Dollar Trading (USD) received support from the changing mood in the markets with last week being the first in 2 months to show significant Equity downside. Currencies took their cue and dropped against the safe haven USD quite significantly. JPY continued to strengthen outpacing the dollar.
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Forex Market Overview May 18
Monday, May 18, 2009 GMT
The dollar fell below the psychologically-important JPY95.00 mark for the first time in two months versus the yen in Asia Monday, as drops in regional shares and signs of swine flu spreading in Japan fueled demand for what dealers see as safe currencies. The U.S. currency fell to JPY94.55, its weakest level since JPY94.15 on March 20.
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Currency Trading Summary 13/5
Wednesday, May 13, 2009 GMT
U.S. Dollar Trading (USD) felt more pressure as traders tested the dollars downside once again. A small rise in US stocks and better than expected US trade data prompted more risk taking.
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US Market Update 12/5
Wednesday, May 13, 2009 GMT
Investors have begun the week selling equities, with US stock indices opening in the red and the DJIA and S&P500 staying there through mid morning.
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Currency Trading Summary for May 11th
Wednesday, May 13, 2009 GMT
U.S. Dollar Trading (USD) finished the week at multi-month lows against the Euro as better than expected US Job Data allowed risk appetite to jump another notch higher. April Non-Farm Payrolls were down -539K vs. -590K forecast.
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