World equity markets sell-off
The equity markets in China, Japan, US, Europe and Latin America felt a tremendous fall yesterday. The move, that caught many wrong-footed, was mainly provoked by the massive capital outflows on concerns China and the rest of Asian economies may not be as buoyant as expected.
Where are currencies going now? Get the picture on FXstreet.com Rates & Charts. Or watch the live movements of the currencies in the review that our advisor, Tony Juste, has prepared in his Advisor's Blog. The same story again: stock markets collpase... do you remember when...?
In-Depth Analysis
- Daily Forex Commentary - Carry: High alert by Jyske Bank
- Daily Forex Technical Report - Another Wave of Carry Trade Unwinding Pushes Yen and Franc Higher by ActionForex.com
- The Forex View - A week of unwinding carry trades by Saxo Bank
- Weekly Focus - Financial markets hit stormy weather by Danske Bank A/S
- Weekly Market Commentary - Funicular railway mode for equities by Mizuho Corporate Bank
- Daily Trading Strategy - Domino effect by MVDForex
- Global Research - Emerging Markets: It ain't over till the fat lady sings by Danske Bank A/S
- A Weekly Spin on Emerging Markets - Taiwan: Investment opportunities besides China and India by Commerzbank
- Overnight Briefing: Far East Timezone - China stocks recover by Jyske Bank
- Daily Technical Analysis - This is a major slap on the wrists for the unwary by Mizuho Corporate Bank
- Forex Daily Analysis - Equities Tumble: Will we see the impact in the Forex Market? by ForexYard
- Daily Market Briefing - US Dollar: Unwinding of Leveraged Bets Triggers Collapse in Financial Markets by FXCM
Related News
- European govt bonds benefit from equity market sell-off, increased risk aversion (AFX News)
- Yen extends rally as investors seek to reduce risk (AFX News)
- Yen continues higher in Singapore afternoon on carry trade unwinding (AFX News)
- Aust dollar opens weaker as carry trades continue to unwind (AAP)
- European govt bonds remain firm as investors continue to worry over equities (AFX News)
- Asian stocks skid after China, Wall St slides (Reuters)
- US dollar higher in Sydney morning after global equities rout (AFX News)
- Nikkei tumbles as investors sell across the board (Reuters)
Analysts Comments
- Tony Juste, FX Advisor at FXstreet.com
"People never learn from their mistakes, and once again a bubble has caught many investors betting their homes in a breathe of air. It may not be over, but at least it should give investors a needed warning to stay cool and get out / forget to invest in over-heated markets. As I said, it may not be over yet." - FXstreet.com - Ashraf Laidi, senior currency analyst at CMC Markets NY:
"This (ISM data) should really quiet the market, because there were emerging fears that the global equities sell-off would be further amplified by a deepening recession in U.S. manufacturing." - Reuters
