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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
US Dollar: Will We See A Reversal Early Next Week?
Flight-to-safety triggered major gains for the US dollar on Friday, as volatility remained exceptionally high in the market. In fact, the CBOE's VIX Index surged to a record high as Moody's Investors Service said that they may cut their rating on Morgan Stanley, stoking already-high anxiety amongst traders about the...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
G7 Issues Joint Statement On Addressing Financial Crisis
The Group of Seven (G7) issued a joint statement following its meeting in Washington DC addressing the ongoing financial crisis. The text is copied below. "The G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue working together to stabilize financial markets and...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
What Triggered the Major Volatility in FX and Equities?
The price action in the equity markets today was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold off again by another 600 points before recovering most of its losses by the end day. The...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
USD and JPY Gain on Worst Stock Rout since 1930s
The dollar rose against most major currencies Friday. The yen fell modestly and other key currencies cut losses after US stocks partly recovered from steep losses on hopes that the G-7 will take coordinated steps this weekend to confront the global financial crisis. The Australian and Canadian dollars dropped as...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Global Stocks Plunge as Panic Grips World's Financial Markets
In the first minutes following the NY open, the Dow industrials plunged nearly 700 points to trade below the 8,000 mark for the first time since April 1, 2003, though stocks bounced back in the following hour. After that however, stocks resumed their downfall, with the Dow index down almost...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Dow Jones Loses for Eighth Consecutive Trading Day - Worst Streak Since September, 2001
The US Dow Jones Industrials Average recovered from its earlier drop below the critical 8,000 mark, but the 1.49 percent daily decline was the eighth such loss in as many days - the Dow's worst streak since the aftermath of the September 11, 2001 terrorist attacks. The stock index has...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Why is the Canadian Dollar Weak?
The Canadian Dollar plunged to its lowest levels in over three years, as an outright rout in crude oil prices and broader commodity markets led to a similarly dramatic rally in the US Dollar/Canadian dollar exchange rate. The Canadian currency likewise fell victim to broader US dollar strength, as the...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Italy Dissents in G7 Meeting, Euro Collapses
The Usd rallied across most of the G10 as Europe scrambles to devise a uniform solution to the financial crisis. The EurUsd traded below the 1.34 level for the first time since October 2007, while the UsdJpy rose 84 pips following the general trend in the carry trade. The GbpUsd...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Dollar Index And The Financial Sector
The index gained strongly on the day as the dollar made headway against all six componets. It was almost as if the dollar caught the best of both worlds as it gained on the high yielders in the overnight session and into N.Y. on a risk-aversion move. And while the...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Stocks Whipsaw Towards The End
The DOW nearly had a 1000 swing in the last 30 minutes of trading, as a 697 point decline turned into a 300 point gain. All together, the DOW swung between gains and losses 16 times during the last frenzied minutes of trading however, major indexes closed lower on the...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
The Implosion Continues on Friday
The panic which has enveloped global stock markets continued in N.Y. Friday as investors grew more fearful over the status of Morgan Stanley and Goldman Sachs. Morgan Stanley fell over 40% in New York on top of Thursday's 26% decline after Moody's put its A1 long-term rating on review for...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Forex Fundamental Outlook
Group of Seven officials are convening in Washington, D.C. this weekend and traders should expect some strong language in their communiqué that can roil the markets at the Monday open. Eurogroup chairman Juncker declined comment on a suggestion the G7 should guarantee interbank lending. There are reports the Fed and...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
U.S. Market Update
The currency market was reduced to a sideshow during the New York morning as panic gripped markets, driven by the vicious cycle of continuing deleveraging, margin calls and declining fundamentals. The USD/CAD broke above the 1.18 despite a "better" September employment report in which 107K jobs were created. CAD weakened...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Foreign Exchange Market Daily Update
The US dollar strengthened vs. most major currencies as global equity markets plunged. The Nikkei fell 9.62%, the Hang Seng Index fell 7.19%, and the FTSE fell 8.14% highlighting the overall pessimism in equity markets. Increased risk aversion has helped strengthen the dollar and yen as investors continue to deleverage....
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
FX Performance Since the Storm
The relationship between slumping world equities, record high TED spreads (LIBOR minus T-bill) and multi-year highs in low-yielding currencies is bolstered by a break in confidence across the equity, credit and foreign exchange markets. Our Thursday morning piece sent to clients titled "Sterling Still the Major Loser" preceded further losses...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Short Squeeze Triggers Sharp Volatility in Stocks, FX Traders Look for Buying Opportunity
For the first time since March 2003, the Dow Jones Industrial Average broke 8000 at the open of the US markets. However just as quickly as stocks dropped 600 points, it recovered more than half of its losses in the first 15 minutes of trading and actually moved into positive...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Trust is the Problem, not Liquidity...
Earlier this week, the central banks around the world gathered and collectively decided to cut interest rates for their respective countries in order to slow a fast moving global financial meltdown. The initial reaction in the markets was one of surprise more than anything else. Unfortunately, the move did little...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Canada: September Employment Numbers - WOW!
To say that this morning's jobs report far exceeded expectations would be an understatement. The 106,900 new jobs created in September was more than 10 times market expectations and the largest one-month gain since January 1976! Still, a similar sized gain in the labour force left the unemployment rate unchanged...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Still, the Unwinding Prevails
The dollar is still gaining against a basket of currencies and fears continue to dominate the markets as all the measures taken have yet to restore confidence and markets stability. The week that was full of surprises is about to end and not a second later you grab your breath.
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
10/10/2008
Despite Narrowing Trade Gap, U.S. Trend Growth Shows Signs of Faltering
The U.S. trade balance improved in August broadly in line with market expectations. The trade gap narrowed to -US$59.1 billion following the prior month's -US$61.3 billion (revised from -US$62.2 billion), while the market was expecting a -US$59.0 reading. Excluding petroleum, however, the trade gap widened.
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