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Daily Forex Snapshot: 5-28-2009
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Forex - US Session: Dollar Deviates From Risk Aversion Story as Traders Look for Hard Fundamentals
G10 Advancers and Decliners vs USD
NZD 1.55
AUD 0.62
GBP -0.21
JPY -1.76
The trend in dollar strength has deviated from the risk aversion trade and seems to be moving more in line with hard economic data. Traders are using the economic story to build a case whether or not financial markets are poised for a recovery sooner than expected. The EurUsd rose 45pips to the high 1.38 price area, while the UsdJpy surged 180pips settling around the low range of 97. The...
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Forex Alerts: 5-28-2009
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16:35 (CET) - EurUsd
15:50 (CET) - XauUsd
15:35 (CET) - Oil hits 64.00 dollars
14:50 (CET) - OPEC's meeting
14:50 (CET) - Encomendas de bens duradouros nos EUA
14:45 (CET) - US jobless claims
14:35 (CET) - US: durable goods orders
14:30 (CET) - UsdCad
14:25 (CET) - EurUsd
12:55 (CET) - Economic sentiment better in the Eurozone
12:50 (CET) - GbpUsd
12:17 (CET) - UsdJpy
11:45 (CET) - UsdChf
11:30 (CET) - Mixed confidence indexes from the Eurozone
11:22 (CET) - UsdCad
10:50 (CET) - EurChf
10:25 (CET) - Crude evolution
10:05 (CET) - German unemployment rate
08:40 (CET) - Japan's retail sales under expectations
08:00 (CET) - Session start
Alert-18:04 ACM Precious Metals Analysis: Gold Fell Below the 50% Retracement of its Recent High Opening The Possiblity of Further Downside
Daily Forex News & Commentary: 5-28-2009
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Dollar momentarily constructive as U.S Govt. Yields rise massively structural worries remain and GM prepares for bankruptcy filing.
The news monopolizing the financial newswires yesterday was the massive jump and subsequent selloff in U.S Government yields. US10Y jumped 20bps and closed above the important resistance of 3.70%. This could potentially be disastrous for the mortgage market, which is widely seen to be the major to an economic recovery in the U.S; furthermore high govt. yields stunt domestic growth and weighs on...
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Market Strategy Videos
Factors driving risk aversion & the Central Bank meeting impact
Forex market strategy videos In the segment of PM Exchange, ACM NY Market Strategist Melvin Harris
Latest Video 5/5/2009
Live Currency Rates
Forex
Currency Bid Change
EURUSD 1.39526 0.01149
GBPUSD 1.59305 -0.00332
USDCHF 1.08373 -0.00902
USDJPY 96.863 1.537
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