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/2009-11-20.htmlMarket Brief Risk appetite stayed weak in the Asian session, after Wall Street closed lower but, overall, most of the trading in currencies and commodities was well in their ranges. The EURUSD traded between 1.4880 and 1.4940, while spot Gold traded between $1140 and $1147. With no first tier economic releases scheduled today, we don't expect any one way trade of break out of the monthly ranges. But ranges can also be very profitable, especially the EURCHF. The USDJPY remains heavy below 90.61Fri, 20 Nov 2009 11:06:27 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/2009-11-20.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-19.htmlMarket Brief Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets put in a rather mediocre performance on the whole. Yesterday’s major news event was the publication of the Bank of England Minutes;Thu, 19 Nov 2009 09:41:34 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/2009-11-19.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-18.htmlMarket Brief There has been some consolidation in FX overnight after yesterday’s USD rally pushed EURUSD to threaten its 12 month uptrend and test major resistance at 1.4810. The catalyst appears to have been comments from the Fed’s Yellen that suggested higher rates could help stem “damaging” leverage; yet another piece of rhetoric that has unnerved short USD positions after Bernanke’s comments the day before – as such, this latest test of the downtrend comes without the pair having even comeWed, 18 Nov 2009 09:02:53 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/2009-11-18.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-17.htmlMarket Brief Yesterday comments by Fed Chairman Bernanke disrupted FX markets, when he mentioned the USD in his speech at an event at the Economic Club of New York. Since the US treasury is the usual voice of US dollar policy, it caught the market fully off guard. In a knee-jerk reaction, USD buyers hit the market pushing EURUSD down to 1.4880 from 1.4970. The lingering effects of the Chairman’s comments weighed slightly on Asian risk appetite, with regional equity markets broadly lower today.Tue, 17 Nov 2009 10:00:01 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/2009-11-17.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-16.htmlMarket Brief The USD begins another week on the back foot as momentum from Friday’s post-U.Mich sell-off continues and Asian equities have started the session off with strong gains. The buoyant sentiment across Asian markets has been fuelled by Japan’s Q3 GDP figures which revealed the economy grew by an annualized pace of 4.8%, considerably higher than the 2.9% anticipated, and indeed the fastest pace of growth since Q1 2007. USDJPY has so far touched lows of 89.39, but for now further JPYMon, 16 Nov 2009 08:08:46 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/2009-11-16.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-13.htmlMarket Brief With a light calendar today, markets should continue to consolidate. Concerns over reports that China might increase the rate of CNY appreciation are also still lingering. Softer equities in Asia have coincided with USD strength, but with European stock staging a subtle comeback (volumes continue to be unimpressive) we are seeing EUR buyers step into the fray. Commodities were generally lower and crude is at wti $77.40. The EURUSD traded between 1.4825 and 1.4895, while spot GoldFri, 13 Nov 2009 09:48:38 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/2009-11-13.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-12.htmlMarket Brief Risk appetite has been maintained across the FX markets after Australian Unemployment figures overnight remained relatively stable at 5.8% as expected. AUDUSD rallied sharply after the release from 0.9310 to 0.9370, and bids have kept the pair elevated around 0.9350 levels into the European session. The news comes in the wake of disappointing New Zealand Retail Sales figures which could only muster a 0.2% gain on the month against expectations for a 0.4% print; ensuring AUDNZDThu, 12 Nov 2009 07:59:27 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/2009-11-12.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-11.htmlMarket Brief Risk correlated trades continue to appreciate and are showing no signs of weakening. In fact, there are fundamental reasons why the rally should continue. First, several Fed officials suggested that the Fed is still not close to shifting its policy stance. Fed Presidents Lockhart, Yellen and Rosengren, in particular, sounded wary on the economic recovery, even as they recognized the significance of eventual policy tightening. Their comments apparently supported the feeling thatWed, 11 Nov 2009 09:23:47 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/2009-11-11.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-10.htmlMarket Brief Most major and EM currencies remain at elevated levels vs. the USD as Asian equity markets continue to make gains and highlight that risk appetite is alive and well. EURUSD remains well supported above 1.4940-50, but is still yet to make its next move to resistance at 1.5063 (26 Oct high), and thereafter 1.5100 resistance. Today’s German CPI (EU harmonized) figures were slightly subdued at 0.1% MoM against forecasts for a 0.2% gain, bringing the YoY figures back down to -0.1% fromTue, 10 Nov 2009 08:43:44 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/2009-11-10.htmlhttp://www.fxstreet.com/fundamental/market-view/market-session-snapshot/2009-11-09.htmlMarket Brief The G20 communiqué released over the weekend didn’t mention FX, which cleared the way for risk appetite to surge. Asian regional equity indexes moved higher, with Hang Sang up 1.14%. Spot Gold surged to $1108.40 today, EURUSD followed up to 1.4986 and GBPUSD hit 1.6801. The risk correlation was tested on Friday, as the US released another disappointing set of payrolls (came in at -190k vs. -175k exp ) and unemployment numbers (10.2% vs. 9.8 exp). The high unemployment rate causedMon, 09 Nov 2009 11:36:19 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/2009-11-09.htmlhttp://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.html