Archive for March, 2009
Caution Looks To Be A Major Factor At The Start Of A Week With Heavy Event/Data Risk
Forex Market Update: Caution Looks To Be A Major Factor At The Start Of A Week With Heavy Event/Data Risk
G20 meeting on Thursday and US non-farm payrolls/employment reports the target
HEADLINES US Mar. Final Michigan Confidence out at 57.3 vs. 56.6 prior NZ Feb. Building permits out at +11.6% m/m vs. revised -13.0% m/m prior UK […]
Greenback Gains on Better Growth Prospects
Greenback Gains on Better Growth Prospects
The dollar and yen rose on Friday as stocks fell and risk appetite declined. The Dow fell 148 points to 7776 but rose 6.8% for the week. The yen was supported by increased risk aversion and repatriation flows ahead of the end of Japan’s fiscal year on March 31. The […]
Majors Gap Again At The Sunday Open
Majors Gap Again At The Sunday Open
Overall, the currency market saw weekend gaps for a third consecutive week. The dollar strengthened during the weekend trading hours, but gave up some of its gains during the first part of the Asian session. Ahead, the European and the U.S. calendar is light today, something that might not […]