Live Trading Room Quick Links:
Forex Academy Quick Links:
Misc. Quick Links:
Language:
English

Live Help

Jpy

March 3rd, 2008 @ 9:06 pm by Vito Henjoto

Click here to read the full article.

Further weakness in the dollar or that’s it?

Let’s Re-cap yesterday, Nothing much happened until Around the release of the ISM manufacturing Index From the US, Market was expecting a forecast of 48.0 from a previous of 50.7.

Right Before the data was released EUR/USD printed a new Historical High of 1.5275, when the actual Data shows up 48.3, still Weaker than the previous month but better than the actual forecast, Euro went right back to where it started.

Is this market’s way of thinking, “ Hey The economy is not that bad, yeah it’s slowing but not as bad as we thought” ? Maybe… but USD/JPY back to its 3 years low @102.60, still shows sign that Traders in the market are not willing to think that way.

Risk Aversion is There and will probably stay this week,with what I call the Rate week, we have 5 Major Central banks with their rate decision, Starting with the RBA in about 2 hours time. Read the rest of this entry »

Click here to read the full article.

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Forex Links

Educational Partners

FXOpen
The Geek Knows

Advertising

Finance Blogs Blogarama - The Blog Directory Fave this Blog on Technorati