The Dollar was a main recipient of safe-haven flows as we had further contagion fears in the Euro-zone as Moody’s placed Portugal under review for a downgrade. The EUR/USD hit a 14-month low, and with oil and gold falling commodity currencies weakened as well. US equities managed to cut early losses and by noon NY-time we saw a small counter-rally to the overnight risk aversion. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
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Friday, March 26th, 2010 Recap: A joint EU-IMF back-stop aid package was agreed upon, which would provide loans which could be worth between 20 billion and 22 billion euro. That gave relief to a pressured Euro which rallied in today’s trading. The greenback however still showed strength against commodity currencies like the Aussie as there was a bout of liquidation of Aussie long positions. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
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Daily afternoon analysis of the US Forex market trading session with dailyfx Currency Analyst John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas. www.dailyfx.com
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May 07 2010