FX Levels for Today

0

0
FX Levels for Today September 8
Mon, Sep 8 2008, 04:18 GMT
by Abdul Khan
Top Trader Thinking
Overview
Friday seems soooo far away now. The overnight news that the US government will be bailing out Freddie and Fannie has all but eroded any impact that Friday's payrolls data may have had today.
The immediate reaction from the market was to sell the USD, and buy US stocks. As a result, we've seen a wide ranging rally in most currencies against the greenback, along with a good move up in the precious metals and crude oil. The question now is - how long will this last?
I think this change in mood will last about another 12 hours before the market again focuses on the global slowdown, and the fact that other US companies remain affected. As an example, the head of the Australian central bank was appearing at a Senate committee hearing today, and he all but announced another rate cut next month, and could not rule out another cut before the year's out.
Data for today
UK: PPI
UK: Industrial Production
For today:
Happy to sit on the sidelines today and see how the dust settles
Published on
Mon, Sep 8 2008, 04:29 GMT
Archive
- FX Levels for Today December 3, 2008
Published On Wed, Dec 3 2008, 02:38 GMT
- FX Levels for Today December 2, 2008
Published On Tue, Dec 2 2008, 04:54 GMT
- FX Levels for Today December 1, 2008
Published On Mon, Dec 1 2008, 03:27 GMT
- FX Levels for Today November 28, 2008
Published On Fri, Nov 28 2008, 04:23 GMT
- FX Levels for Today November 24, 2008
Published On Mon, Nov 24 2008, 02:41 GMT
[ View All ]
Top Trader Thinking
| 50 Cavill Avenue Surfers Paradise, Queensland, Australia
http://www.toptraderthinking.com | abdul.khan@tricom.com.au
Legal disclaimer and risk disclosure
Investment in securities involves risk. Share prices rise and fall. Past performance is no assurance of future performance. The payment of dividends and the return of capital are not guaranteed.
No needs analysis is carried out to establish whether any particular transaction is suitable for a person’s individual circumstances. TTT.com tries to ensure that the information provided on this website is complete and correct but information and opinions may change without notice so readers are advised to check any material item(s) with an advisor before making any decisions.
Given the inherent characteristics of electronic communications, there may be delays, omissions or inaccuracies in information contained in this website. TTT.com does not accept any liability in this regard.
Certain links in this website may connect to other websites rendered by third parties over whom TTT.com has no control. TTT.com make no representations as to the accuracy or any other aspect of information contained in any other websites. Readers use the information and links at their own risk.
TTT.com exclude to the full extent permitted by law all liability of whatever kind, in negligence, contract, under fiduciary duties or otherwise, to readers or anyone else in respect of any loss or damage (including without limitation indirect or consequential loss or damage) arising from or in connection with any use of the information on or accessed through this website.
All intellectual property rights in this website are, and at all times remain, the property of Big Picture Management.
Important Notice:
Big Picture Management A.C.N 061 251 081 is authorised under Proper Authority 269303 of Tricom Equities A.C.N 067 161 755 Australian Financial Services License (AFSL) 238148 and Tricom Futures A.C.N 001 255 116 AFSL 238156 to deal and advise in Shares, Futures, Margin Foreign Exchange and Contracts for Difference in accordance with the rules and regulations of the Australian Securities and Investments Commission (ASIC). Big Picture Management has interests in broking services under the dealing and advisory authorities held with the Tricom Group and receives commissions from advising and dealing in financial products. Authorisations of Big Picture Management and Matt Kirk are registered with ASIC and may be confirmed at http://asic.gov.au Trading involves risk of loss and may not be suitable for you. Past performance is no guarantee or reliable indication of future results. This site is of the nature of general information only and must not in any way be construed or relied upon as legal, financial or professional advice. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of any product for your circumstances. Please ensure you obtain and read current offer documentation prior to acquiring any products advertised herein, so you are fully informed regarding the key risks and costs associated with these products.
Matt Kirk of Kirk Corporation (ACN 119 340 000) is a corporate authorised representative of Tricom.
The Tricom Group consists of Tricom Investment Management Limited (TIML) (ACN 103 162 278, AFSL No. 226199), Tricom Equities Limited (ACN 067 161 755, AFSL No. 238148) and Tricom Future Services (ACN 001 255 116, AFSL No. 238156). This website is not, and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment or products. Persons considering investing in any financial product referred to on this website relating to Tricom should obtain the relevant Product Disclosure Statement. Also any persons should seek professional financial and taxation advice before making any investment decision. Tricom notes that all investments involve risk and it is important to note that past performance is not a reliable indicator of future performance.