http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-06.htmlMarket Brief The USD weakened versus most of the majors with the exception of the JPY as US equities closed up nearly 2% and Asia markets are also much higher across the board. Positive economic data and optimistic central bank commentary helped spur risk-seeking as EURUSD traded 1.4812-1.4919 and USDJPY 90.88-89.99. Oil is now above $80 and gold remains bid at $1095. Yesterday, the Bank of England held rates unchanged as expected, but the announced increase in QE of GBP25bln was below theFri, 06 Nov 2009 09:55:08 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-06.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-05.htmlMarket Brief Yesterday’s key event was the US FOMC meeting where policymakers kept rates on hold as expected. The headline aside, markets were more keenly awaiting the accompanying statement for an insight into how Fed officials have incorporated recently improved US data into their policy view, and whether this environment of cheap liquidity would continue going forward. True to form, the statement was largely a cut-and-paste job of last month’s release, and included the key sentence thatThu, 05 Nov 2009 08:22:39 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-05.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-04.htmlMarket Brief The USD has been slowly falling in the Asian session as risk appetite increases and equities rally. EURUSD traded higher to 1.4770 from 1.4660 while USDJPY climbed to 90.90 from 90.20. Risk correlated trades generally received a boost from Berkshire Hathaway agreeing to buy railroad Burlington Northern Santa Fe Corp and News Tuesday that the Reserve Bank of India bought 200 metric tons of gold from the IMF for $6.7bn . These events caused Wall Street to close slightly higher andWed, 04 Nov 2009 10:38:17 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-04.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-03.htmlMarket Brief The major news overnight has been the RBA meeting where rates were raised 25bps to 3.50% as expected. AUDUSD had ground gradually higher in anticipation of the announcement, but sold off from 0.9090 to 0.9007 after the release as the supplementary statement sounded a moderately less hawkish tone. The statement removed previous comments that the “very expansionary setting” of current rates was “possibly imprudent”, and inserted that the removal of accommodative monetary policy fromTue, 03 Nov 2009 08:42:31 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-02.htmlMarket Brief  The slightly weaker US economic data, as well as worries about the stability of the US financial industry, prompted selling in risk correlated trades last week. In the FX market, high beta currencies were the biggest losers as falling equity and commodity prices renewed risk-aversion & spawned correction fears. Friday U.S. stocks tumbled the most since July after declines in personal spending and consumer confidence and the threat of a CIT bankruptcy raised concern overMon, 02 Nov 2009 09:45:06 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-02.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-30.htmlMarket Brief Yesterday’s better than expected US Q3 GDP has revitalized risk appetite; sending equity markets higher across Europe and the US yesterday, and providing positive momentum through to Asian indices overnight. The 3.5% annualized Q3 figures exceeded forecasts for 3.2% and indicated the first expansion in the US since Q2 2008. In turn, EURUSD has rallied to test resistance around 1.4860 and gold has rebounded from its lows to settle above $1047. We feel this will continue to fuelFri, 30 Oct 2009 08:39:35 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-30.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-29.htmlMarket Brief Equities traded heavily throughout the day yesterday, but it took a large miss in forecasts for US New Home Sales (-3.6% MoM vs. +2.6% expected) to add the catalyst for a USD rally late in the session. The numbers are particularly worrying considering that these figures reflect the performance of the housing market under stimulus, and considering the recent speculation that first-time homebuyer tax credits may be allowed to expire imminently, the prospect is not encouraging.Thu, 29 Oct 2009 09:21:32 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-29.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-28.htmlMarket Brief Risk appetite was slightly weaker in the Asian session, as equity markets failed to shake off a weak US consumer confidence figure. The USD strengthened as a consequence, with the commodity currencies losing the most ground. We believe the markets are starting to really take notice of the mounting disparity between relative economic performances. The falling momentum can be seen in the recent US economic data (Consumer Confidence reading disappointed at 47.7 versus consensus 53.5)Wed, 28 Oct 2009 11:17:03 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-28.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-27.htmlMarket Brief There were very few scheduled risk events yesterday but a late slump across equity markets prompted a defiant rally from the USD, and caused EURUSD to plummet from 1.5000 to 1.4840 lows (currently 1.4920). GBP spent yesterday as one of the best performers against the USD, perhaps predictable given the extent of Friday’s sell-off; but despite CAD gaining some ground as BoC’s Carney failed to repeat or expand on his prior currency intervention comments, it too later succumbed to theTue, 27 Oct 2009 08:09:13 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-27.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-26.htmlMarket Brief The light economic calendar today should keep FX markets range bound today. Asian equities were marginally stronger, after US equities ended weaker on Friday, despite broadly firm Q3 earnings reports and some better economic data. The sterling selling saw no respite in Asian session. The GBP was still the weakest among all currencies, as the lingering effect of the UK posting 3Q GDP figures, which shows that the UK is still in recession after posting negative GDP for the sixthMon, 26 Oct 2009 08:33:39 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-26.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-23.htmlMarket Brief Markets are still digesting the whopper of a US budget deficit released yesterday. The figure has ballooned by close to $1tln over the pat year, staggering for even the US . Currently roughly 51% is held by overseas investors and of that number half is held by Japan and China . Interestingly, while the markets ponder how long foreign appetite for US assets will continue, the Fed happily extends its balance sheet and US government spending rages on. The good news from the USFri, 23 Oct 2009 08:06:20 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-23.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-22.htmlMarket Brief Three noteworthy events defined yesterday’s FX markets; first off the BoE indicated a unanimous 9-0 vote had supported the decision not to expand QE at the most recent meeting, sending GBP soaring higher amongst the majors (GBPUSD has hit a high of 1.6637 so far). The statement elaborated that the MPC saw no compelling reason to change the bond plan for now, but added the November meeting would provide an opportunity to assess more fully. The second important driver of FX marketsThu, 22 Oct 2009 07:49:55 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-22.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-21.htmlMarket Brief Dovish BoC Disappoint Bulls, But RBNZ Turn Hawkish. The NZD found itself back above the 0.7500 level against the USD on comments from RBNZ Governor Alan Bollard that the strength of the currency was not an impediment to raising rates. The NZ stock index was down a percent overnight, as the comments appear to lend credence to speculation that the central bank will drop its dovish bias at the next meeting on 28 Oct. Bollard was previously quoted on 10 Sep as saying he did not expectWed, 21 Oct 2009 08:05:44 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-21.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-20.htmlMarket Brief USD was on the back footing again, as Wall Street’s rally spilt over to Asian regional indexes. Risk correlated FX trades are moving lock in step with risk appetite. The positive risk sentiment was also helped by better than expected corporate earning from Apple and Komatsu Ltd. Perhaps the one barrier to continued USD weakness was the meeting of Eurozone finance ministers in Luxembourg. Yet, with no mention of the euro strength, traders are refocusing on 1.5000. The EURUSD tradedTue, 20 Oct 2009 07:35:41 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-20.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-19.htmlMarket Brief Markets remain in a bullish mode, despite the pause on Friday of risky asset accumulation. In the Asian session, the EURUSD traded in the range of 1.4840-1.4920 and the USDJPY traded higher, in the range of 90.75-91.15. Last weekÕs Q3 earnings were broadly ahead of expectations, giving plenty of support to risk takers. The biggest gainer was the sterling, as traders paired down bets that the BoE would extend their quantitative easing program in November, on the back of comments byMon, 19 Oct 2009 08:22:09 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-19.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-16.htmlMarket Brief GBP has continued to outperform this morning (GBPUSD 1.6355, EURGBP 0.9125) on a combination of chatter regarding M&A activity and rumours that the BoE will not be increasing QE in November. GBP-crosses have looked oversold for some time now, and this correction has brought us within reach of some key technical levels; the high so far in GBPUSD has been 1.6400, a break of 1.6468 opens up next target above 1.6700, meanwhile EURGBP’s pivotal support lies at 0.9070. The AsianFri, 16 Oct 2009 08:10:01 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-16.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-15.htmlMarket Brief Yesterday morning the USD seemed poised for another brutal session of weakness as the DXY and most major currency pairs looked to have penetrated major technical levels, leaving very little barriers left to restrain the risk appetite trade. However despite JPMorgan reporting an estimate-busting EPS of 82c (consensus 51c) and global stock indices almost universally higher on the day, the DXY has managed to hold within a tight channel between 75.44-75.69 for most of the day. TheThu, 15 Oct 2009 06:55:58 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-15.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-14.htmlMarket Brief USD weakness was the primary theme in the Asian session. The DXY is now making fresh lows, while the EURUSD peaked above thee 1.4900 handle. Sterling finally gained some ground on the greenback weakness, stopping just short of the 1.6000 level. Overall, risk correlated trades are showing a stellar performance and there seems to be little in the way of shifting risk appetite. Even a report that had Moody's stating that banks in Spain were failing to recognize the full extent ofWed, 14 Oct 2009 09:37:05 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-14.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-13.htmlMarket Brief Asian equities are strongly higher today as a weak JPY boosted manufacturing names and NZ Retail Sales set a bullish tone to the session; Aug figures were 1.1% MoM vs. 0.5% expected (-0.5% prior), following the example set by Australian and US Retail Sales in convincingly beating forecasts. NZDUSD immediately popped from 0.7340 to 0.7380, and has managed to sustain these levels into the start of the European session. Despite the positive data and robust equity market performance,Tue, 13 Oct 2009 08:18:32 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-13.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-12.htmlMarket Brief The USD was able to claw back some losses in the Asian session, as regional equity markets failed to keep risk appetite afloat. Last week’s USD selloff stems from the belief that the need for safe haven assets has declined, causing participants to search for risk premium. This week, risk appetite will be left in the hands of US bank earnings (JPMorgan, Citibank, GS and BofA) and rhetoric from central banks officials. Market will be intensely listening for any signal that officialsMon, 12 Oct 2009 09:10:34 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-12.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-09.htmlMarket Brief Yesterday the USD suffered another devastating rout after the two major risk events (BoE and ECB rate meetings) passed without surprises and offered little or no encouragement to curtail buying risky assets. The BoE left rates (at 0.5%) and the size of their Asset Purchase Target (175bn) unchanged, deferring the major decision of whether to expand stimulus measures until the November meeting – by which time the BoE’s Quarterly Inflation Report will be available. The ECB also keptFri, 09 Oct 2009 07:14:13 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-09.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-08.htmlMarket Brief US equity markets were boosted higher yesterday after analyst upgrades for Bank of America and Wells Fargo, followed by earnings released from Alcoa after the close. As the first major earnings focus of the week, the aluminium producer managed to produce its first quarterly profit since last year, against consensus forecast for a loss; no doubt exciting investors that Q3 may outshine even Q2’s earnings. The sell-off in the USD (now around -week lows, DXY 76.05) helped commoditiesThu, 08 Oct 2009 08:05:13 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-08.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-07.htmlMarket Brief The Greenback (USD) extended its declines yesterday against its major counterparts, and dropped to a record low versus the Gold on speculation that Arab oil producing nations along with Russia, China, Japan, and France are discussing secretly to end dollar dealings for oil and moving instead to a basket of currencies, including the euro, the yen and the Chinese Yuan according to Britain’s "Independent" newspaper. Officials in several of the countries either denied talks or saidWed, 07 Oct 2009 08:32:53 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-07.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-06.htmlMarket Brief The RBA rate meeting took centre stage this morning as the Australian central bank surprised markets by raising interest rates to 3.25% (from 3% prior); becoming the first G20 nation to officially tighten monetary policy since the onset of the financial crisis. AUDUSD surged to new 13 month highs (currently 0.8870) as the bank highlighted it was “now prudent to begin gradually lessening stimulus”, and markets have adjusted to the prospect that a series of hikes is now likely inTue, 06 Oct 2009 07:54:13 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-06.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-05.htmlMarket Brief The USD ended higher against most major currencies last weekc on risk reduction, as weak economic data prompted traders to take profits from the US equity market and sell the higher yielding assets. Consumer confidence, ADP employment, Chicago PMI, and non-farm payrolls were all worse than expected. Other factors also played a role in the dollar’s strength, as public officials from Sweden, Tokyo, and Gothenburg all called for a strong US currency, which is essential to the globalMon, 05 Oct 2009 09:03:18 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-05.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-02.htmlMarket Brief Eurozone Unemployment in Aug was 9.6%; exactly on consensus estimates and modestly higher than the month prior (9.5%). National PMI figures across Europe were slightly better than expected (Eurozone composite PMI 49.3 vs. 49.0 exp.) but the EUR failed to benefit from the news, as markets were instead focussed on comments from EU’s Almunia; that the Eurozone’s finance ministers were to discuss EUR strength ahead of the forthcoming G7. Meanwhile, Norwegian Data was the starlet ofFri, 02 Oct 2009 07:40:00 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-02.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-01.htmlMarket Brief This week’s economic calendar went from famine to feast yesterday as the Eurozone spun out better than expected German Unemployment figures (8.2% vs. 8.4% exp.), and rumours of good US employment figures to come spurred equities and other risky assets higher in the morning session (EURUSD rallied to 1.4671, crude to just shy of $68 and gold back above $1000/oz). The good news continued on the release of Norwegian Retail Sales; a gain of 0.3% M/M in Aug beat analyst expectationsThu, 01 Oct 2009 07:38:02 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-10-01.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-30.htmlMarket Brief The USD traded higher yesterday against most major currencies with DXY approaching 77.45 resistance level reaching 77.33. A break above 77.45 would suggest further rally of the dollar towards 78-79 levels. US equities tended to drop yesterday with S&P 500 and Dow Jones Industrial Average falling 0.2% and 0.6% respectively. Stocks where anticipated to drop lower as U.S. consumer confidence unexpectedly declined in September, with index falling to 53.1 from 54.5 in August a dataWed, 30 Sep 2009 06:13:58 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-30.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-29.htmlMarket Brief It was a quiet day in the FX space yesterday, with German CPI releases forming the entirety of the data releases during our session. The overall reading came in at -0.4% M/M (vs. +0.2% expected) but came as little surprise to the market, as regional figures released earlier all posted lower than forecast changes on the month. More influential were comments from ECB’s Trichet in the afternoon who stated that a strong USD is ‘extremely important’. The 30bp dip lower in EURUSD failedTue, 29 Sep 2009 07:53:39 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-29.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-28.htmlMarket Brief FX markets were quiet at the start of the week, with only the JPY seeing any real activity. Asian equity markets are currently trading lower and European futures are looking to follow. Risk appetite declined and with it risk correlated trades. The EURUSD traded down to 1.4600, while the AUDJPY slipped to 76.60. JPY witnessed some decent demand, pushing USDJPY briefly below 88.50. Commodities are basically were we left them on Friday, with crude wti at $65.57 and spot gold $989.65.Mon, 28 Sep 2009 08:29:50 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-28.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-25.htmlMarket Brief The USD was back with a vengeance yesterday as the DXY rocketed to 77.05 from a low of 76.09; triggered by headlines that the Fed would be scaling back some of its emergency lending programs. Prior to the announcement the majors had been lacking much direction, but by the end of the European session equities were lower across the board, EURUSD was testing support at 1.4680, and commodities in particular suffered a crushing day in the face of USD strength. Crude was battered for aFri, 25 Sep 2009 07:14:57 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-25.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-24.htmlMarket Brief Asian currencies continue to trade in tandem with bias regarding a global economic recovery. The Asian Development Bank upgraded its forecasts for economic growth lifting emerging market currencies like the Thai Baht. Price action has been fairly volatile in both the majors and exotics due to increased volatility and sensitivity to event risk. A consistent theme embedded in the recovery story is a prolonged period of dollar weakness, which suggest that many currencies like UsdSgdThu, 24 Sep 2009 07:24:25 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-24.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-23.htmlMarket Brief Both the US and Asian session were relatively uneventful, as markets patiently wait for tonight’s FOMC meeting. However, the few minutes of excitement came on the back of the strong New Zealand GDP figures, which sent the USD tumbling. The EURUSD briefly spiked above 1.4840 before settling back down to the 1.4800 handle. The NZDUSD climbed to new yearly highs at 0.7313 on the stronger economic data. After a positive start, Asian regional indexes are now trading lower but EuropeanWed, 23 Sep 2009 09:01:29 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-23.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-22.htmlMarket Brief An uneventful day yesterday as currencies washed around in unison with equity markets. The data calendar did little to inspire, with US Leading Indicators having no significant impact on USD; August reading came out at 0.6% vs 0.7% exp., but there were revisions higher to the month prior (0.9% from 0.6%). The ultimate result was USD net higher on the day (DXY 76.75), spurred by speculation ahead of tomorrow’s FOMC meeting about the withdrawal of QE. Overnight the big news was NZDTue, 22 Sep 2009 08:04:54 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-22.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-21.htmlMarket Brief It’s a slow start to the week with Japan out on holiday until Thursday and limited data on the docket for today. Overnight the rest of Asia’s stock markets have put in a mixed performance, the Shanghai Composite was the biggest mover; down a little over 1%, continuing the move from Friday as 10 listed companies announced they would start to take subscriptions this week. AUD New Motor Vehicle Sales for Aug posted a +0.3% gain (from -6.9% in the month prior), but the AUDUSD isMon, 21 Sep 2009 08:15:52 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-21.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-18.htmlMarket Brief Time For The Tide To Turn? There were early signs yesterday that we may see a lull in the tide of USD weakness; equity markets across Europe still found support from the recent improvements in US data, but the USD did not suffer the accompanying universal sell-off that has characterized the rest of the week. The DXY managed to end the day at virtually the same levels as yesterday’s close at 76.20; finishing higher vs the GBP and CHF, but moderately lower vs EUR. Looking toFri, 18 Sep 2009 09:31:13 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-18.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-17.htmlMarket Brief In Gold We Trust The gold rush was on yesterday, with prices surging to $1020/oz as the USD weakened to its lowest levels in over a year, the DXY skimming 76.15. This coupled with higher than expected CPI readings in the Eurozone propelled EURUSD to its highest levels since Dec ’08 at 1.4737. Continued digression from safe-haven USD positions also precipitated new highs for AUD (0.8750) and NZD (0.7153), the two stand-out performers on the day. The infectious sense of optimism forThu, 17 Sep 2009 09:07:25 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-17.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-16.htmlMarket Brief The USD is lower against most currencies after improved Retail Sales figures and positive comments from Bernanke boosted investor confidence in the global outlook. EURUSD surged to its highest levels since December last year (1.4695), and AUD in particular is outperforming today after overnight Westpac figures surprised to the upside. The notable exception is GBP, which plummetted yesterday after Mervyn King’s dovish assessment of the UK economy, GBPUSD dropping nearly 250pips toWed, 16 Sep 2009 08:30:15 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-16.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-15.htmlMarket Brief Yesterday’s market was characterized by a broad USD sell-off, led by EURUSD squeezing to a high of 1.4653 on benign industrial production numbers (-0.3% M/M), followed by the European Commission’s forecasts that the Eurozone may expand 0.2% in Q2 and 0.1% in Q4. Employment numbers for the 16-country bloc continued to be lacklustre in the second quarter (-0.5% Q/Q), but this failed to have significant market impact. Equity markets across Europe ended the day largely unchanged, theTue, 15 Sep 2009 09:42:55 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-15.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-14.htmlMarket Brief The Greenback fell to 2009 fresh lows against most major currencies last week, with Dollar Index used to track the greenback against 6 major currencies dropped 2% to 76.608 from 78.136 a week earlier. Demand for the safe-haven currency dropped sharply last week as Standard & Poor’s 500 Index posted its biggest weekly gain for the year, and gold continued its uptrend to top at 1011.95 on Friday. Other important factors put pressure on the safe-haven currency. The three monthsMon, 14 Sep 2009 09:59:18 GMThttp://www.fxstreet.com/fundamental/market-view/support@ac-markets.com (ACM - Advanced Currency Markets)http://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-09-14.html