日本語
Español
中文
- New York 16:21
- London 21:21
- Barcelona 22:21
- Tokyo 06:21
- Sydney 08:21
Market Session Recaps
0
0
New York Session
Mon, Sep 22 2008, 23:15 GMT
by Forex.com Research Desk
The buck was decimated in the NY session as pessimism about the US government bailout spread. Investors suffered a case of sticker shock after the $700 billion price tag of the bailout was announced. In the end, however, the plan could end up costing much less as the government is not forced to mark the assets to market. The flight away from everything and into commodities made matters worse for the USD as the hedge against USD declines was full-blown.
Oil rocketed to $130 at one point (though this was due to scant liquidity in the expiring front-month contract) while gold surged past the $900 mark with relative ease. In all, commodities rose about 4% on the day. Stocks were punished, falling -3.8% in broad terms on an -8.5% decline in financial stocks (despite the ban on shorting these). The flight to ''safe'' assets was less clear as the 2-year note yield fell -4 bps to 2.12% but the 10-year rose about 3 bps to 3.83%.
Euro had a great session, trading as high as 1.4867 after opening NY trading near the 1.4570 mark. The pair would eventually settle just below the 1.48 area. USD/JPY fell more than -85 pips towards the 105.40/45 zone on the stock market declines, but Euro strength helped EUR/JPY rally about 100 pips into a close near the 155.90/95 area. USD/CAD was crushed about -90 pips on the surge in oil prices and the pair ended the session near the 1.0350 level.
Upcoming Economic Data Releases (Asia Session):
Nothing scheduled
Published on Mon, Sep 22 2008, 23:17 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.