Although central banks gave more than 230 billion dollars as injections to stimulate liquidity into the financial market between yesterday and today, the turmoil has accelerated falling stock prices, high bond prices and appreciation of the JPY. After the black monday, we have seen oil prices below $100, near to the $89 range, Moscow stocks lost 11% today, also London stock looses near of 3.5% and Nikkei fell 4.95%. Almost all of investors have shown a scramble to enforce a risk aversion strategy.
Suddenly, The Fed decided leave its Fund Rate unchanged at 2.0% with no signals of imminent cut in the near term despite today's afternoon expectations cut of 0.25 basis point. Market have reacted positively, but it's too soon to believe in the victory.
Now, it's time to watch deeply AIG's developtments, it might be difficult to recover a degree of stability in the markets.
In-Depth Analysis
- · Daily Analysis - AIG's ratings cut by S&P and Moody's threatens its existence by Finotec Group Inc.
- · Daily Forex News - Forex - Wallstreet Meltdown is now ubiquitous and widespread by ACM - Advanced Currency Markets
- · The Commodities Report - Brent touches 90 $/b level by KBC Bank
- · Daily FX Report - Yesterday the Crude Oil fell more than 7 % and today more than 4 % by Varengold Wertpapierhandelsbank AG
- · Market Session Snap-Shot - Asian Session – BoJ injects $14Bn into money markets as Asian stocks wake up to the global crisis by ACM - Advanced Currency Markets
- · Market Sense - Shock Therapy by Yapi Kredi Bank
- · Currency Snapshot - A lot of commotion, but what's new? by Black Swan Capital
- · Daily Currency Market Focus -Will a Fed Rate Cut be Enough of a Lifeline to Save the Market? by GFT (Global Forex Trading)
- · Daily Forex Overview by Dukascopy Swiss FX Group
- · Commodities Morning Briefing - Panic selling of commodities by Jyske Bank
- · London Bullion Report - Precious metals under pressure as investors free-up cash by The Bullion Desk
- · Sunrise Market Commentary - Will the FOMC cut rates when it meets today?by KBC Bank
- · Forex Trading Strategies - FOMC on tap after one of Wall Street's worst days in history by Saxo Bank
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- · India Oils and Oilseeds Prices by Thomson Financial News
- · ICE US Equity & Currency Closing Estimated Volumes For Sep 15 by Dow Jones
- · Emerging Markets-Lehman fallout pain continues by Thomson Financial News
- · IMF chief says financial crisis 'unprecedented' by Thomson Financial News
Blogs
- · 1st on Forex: Markets in Turmoil Ahead of FOMC Interest Rate Decision by Jerry Furst
Webinar videos
- · How long will this USD trend last? by Adam Rosen
