The USD was up across the board yesterday prior to today’s FOMC meeting. With such key events occurring near the end of last week perhaps investors took the weekend to digest the news from Europe before sending...
USD/CAD rose on Monday as the markets sold off risk in general. The oil markets fell uniformly across all grades, and as a result, the Canadian dollar got hit because of the oil export relationship.
AUD/USD got absolutely hammered on Monday as traders sold off most commodities. With the backdrop of a weakening EU and Chinese growth seemingly slowing down – the commodities markets got hit hard during the session.
The USD/CHF pair skyrocketed through the 0.93 level on Monday as the “risk off” trade crushed the Euro, and caused a run to the Dollar. The Swiss National Bank is willing to fight Franc appreciation, and the...
GBP/USD fell hard on Monday as the markets continue to trade with a “risk off” attitude. The crisis in the EU continues to weigh upon any currency that is farther out on the risk spectrum, and with...
USD/JPY rose during the Monday session as the Dollar caught a bid against almost everything in the markets. The pair continues to have massive pressure on it though, and as long as the 80 level still seems...
EUR/USD fell hard on Monday as traders worried about the possibility of Moody’s downgrading the EU countries on top of the S&P threat. This will continue to weigh on the ability to own the Euro.
Market review for 5 – 9.12, 2011
As investors remain fixated on events in Europe FX traders may overlook an important Fed meeting. If the euro zone succeeds in restoring some sense of stability investors could begin to refocus their attention on the loose...
High volatility was witnessed in the FX market during last week on the event of low volumes and Global economic uncertainity . Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
