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GFT Daily Market Commentary

posted by Avatar wiredprg 1327 days ago in Daily made popular 1326 days ago

Forex Market Commentary for October 8, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar failed to make much of a bearish reversal after surging a day earlier against the European and the commodity currencies, and closed... read more
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BoJ Holds Key Interest Rate

posted by Avatar pippinallnite 1327 days ago in JPY, Fundamental, Inflation made popular 1327 days ago

Tuesday, the Bank of Japan maintained its key interest rate in October, while the Bank Indonesia hiked the policy rate for the sixth straight month. Official data showed inflation slowed in the Philippines. read more
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Yen Falls From Near 3-Year High as Fed to Buy Commercial Pap

posted by Avatar pippinallnite 1327 days ago in USD, EUR, JPY made popular 1327 days ago

The yen dropped from near a three- year high against the euro and slid against the dollar as the Federal Reserve's announcement that it will buy commercial paper encouraged investors to resume buying higher-yielding assets. read more
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Carry Trade Shakeout - Opportunity?

posted by Avatar jameschen 1327 days ago in JPY, AUD, Technical made popular 1327 days ago

Virtually across the board, currency carry trades have unwound drastically, shaking out even the most determined yield-seekers at an almost unprecedented pace. The big question now is how much longer the freefall will last. read more
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Dollar Strong as Talk of Coordinated Rate Cut Looms

posted by Avatar anniemei 1327 days ago in USD, AUD, Daily made popular 1327 days ago

Riding to the rescue of this near-global near-free fall is, hopefully, a coordinated response by the world’s major central banks. No doubt led by the Fed, there is talk of at least 50 basis points being shaved off of key rates. It is doubtful we’ read more
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Bailout Bill Passes; What Happens Now?

posted by Avatar pippinator 1328 days ago in USD, Fundamental made popular 1327 days ago

Congress passed a $700 billion bailout package today. It was a total and complete waste of $700 billion. It further depletes the pool of real funding read more
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USD at Crossroads on many pairs

posted by Avatar dwinter 1328 days ago in USD, Technical, Weekly made popular 1328 days ago

USD is on breakout on many pairs. What is interesting is it is at such thresholds even though it is highly overbought and fundamentally it is difficult to understand why this move has been so dramatic considering the state of the US economy and t read more
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Response of Global Markets Indicates Crisis of Confidence

posted by Avatar trade2win 1328 days ago in USD, Fundamental made popular 1328 days ago

The US’ $700B bailout plan will not do the trick - at least that’s how the currency market feels Monday morning. Deleveraging, or the liquidation of risk, is happening on a global scale as investors question if guaranteeing funds and bailing out read more
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EUR/USD - Prolonged Bearish Run 2

posted by Avatar jameschen 1328 days ago in USD, EUR, Technical

As noted last Thursday on this blog, EUR/USD (a daily chart of which is shown) was on a prolonged bearish run that continued to look bearish going into the weekend read more
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Europe Round Up - Eurozone Investor Confidence At Record Low

posted by Avatar lovethefx 1328 days ago in EUR, Fundamental, Daily

Monday, Europe had a quiet start to the week with no major releases due for the day. Survey results showed that Eurozone investment reached a record low in October. Central banks and governments in the region busied themselves in efforts to lesse read more
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Chart of the Day - 10/06/2008 - GBP/USD

posted by Avatar jameschen 1328 days ago in USD, GBP, Technical

The continued plummet on the GBP/USD daily chart, as shown, has just made a new two and a half year low on this key pair read more
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Euro Drops To Long-Term Lows Versus Yen And Dollar

posted by Avatar pippinallnite 1328 days ago in USD, EUR, JPY made popular 1328 days ago

The euro saw sharp weakness against the other major currencies again on Monday as the credit crisis continued to make its way through Europe. The currency saw its biggest single-day drop ever versus the yen and added to a yearly low against the U read more