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Today's Live Show: The Tide Turning in Favor of the USD and JPY− Will It Last?

Wed, Jul 8 2009, 16:52 GMT
by Ilian Yotov

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In the broadcast today: The Tide Turning in Favor of the USD and JPY- Will It Last? Weeks ago, we made the case for weakness in the worldwide equity markets and listed the major factors that could spark risk-aversion and a flight into the safe haven currencies such as the USD and JPY, with the tide already turning in their favor, we examine the prospects for the longevity of the positive USD trend, we focus on the GBP ahead of the Bank of England's interest rate announcement, we analyze today's bearish breakout for the USD/JPY currency pair and the market’s reaction to the the German Industrial Production, the Euro-zone GDP, and the U.K. Home Prices and Consumer Sentiment, we discuss new forecasts from JPMorgan Chase, BNP Paribas and UBS, and prepare for the trading session ahead.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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