日本語
Español
中文
- New York 13:05
- London 18:05
- Barcelona 19:05
- Tokyo 03:05
- Sydney 05:05
Market Session Recaps
0
0
Asia Session
Tue, Jul 22 2008, 05:09 GMT
by Forex.com Research Desk
The USD closed the NY session on a notably weak note especially after weaker earnings reports from several firms and an especially weak report suggesting that consumers continue to be affected by the credit crunch. S&P 500 futures were down about 12 points in electronic trading.
Interestingly, JPY and CHF crosses have not sold off with the increase in risk aversion. EUR/JPY is just under 170 after an unsuccessful test in London/NY. The narrow pull back suggests another test may be in the cards but watch out for some sloppy trading through that level as it remains a battleground between buyers and sellers. Similarly, EUR/USD and AUD/USD are nearing recent highs after a brief hiatus.
Looking forward, we have a full week of data on the US housing market including existing/new home sales as well as Australia consumer inflation data tomorrow. The housing data could be an important short term driver in US equities. For now it seems that US equity markets and the USD will continue to be positively correlated. We would also continue to watch the commodity markets which typically have a negative relationship with the USD.
Upcoming Economic Data Releases (London Session):
- Switzerland: (6:15GMT) Trade Balance
Published on Tue, Jul 22 2008, 05:10 GMT
Archive
- London Session
Published On Fri, Nov 6 2009, 11:03 GMT - Asia Session
Published On Fri, Nov 6 2009, 06:52 GMT - New York Session
Published On Fri, Nov 6 2009, 00:00 GMT - London Session
Published On Thu, Nov 5 2009, 11:08 GMT - Asia Session
Published On Thu, Nov 5 2009, 07:03 GMT
Forex.com
| 44 Wall Street, 7th Floor New York, NY 10005-2401
http://www.forex.com/ | info@forex.com
Legal disclaimer and risk disclosure
The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.