日本語
Español
中文
Русский 
Français
- New York 18:12
- London 23:12
- Barcelona 00:12
- Tokyo 08:12
- Sydney 10:12
Market Session Recaps
0
0
New York Session
Thu, Jul 2 2009, 22:09 GMT
by Forex.com Research Desk
It was another exciting session in NY early on as the buck extended overnight gains on unbridled risk aversion. The overnight comments from China that they did not ask the G-8 to discuss the USD reserve status at the meeting next week provided the spark and a horrendous NFP report did the rest. US nonfarm payrolls plunged -467K in June, well below the consensus call for a -365K drop but more in line with our forecast of -410K. This sent equities reeling and the yen crosses were promptly sold in size. USD/JPY eventually collapsed from an intraday high by 96.90 towards a 95.70 low. EUR/JPY meanwhile was sitting by the 134.15/20 lows after falling from 136.70 highs earlier in the day.
The immediate reaction in EUR/USD was less decisive as the ECB press conference loomed. President Trichet offered little in the way of nuance and noted that while rates are ''appropriate'' he does not affirm that they are at the ''lowest'' level. The EU60 billion covered bond program was not tweaked and thus the reasons to toss EUR around were limited. Eventually it was all about risk and EUR/USD caught up dropping towards 1.3890 where a plethora of stops ostensibly lurk. The other big story was on the commodity front as a near -4% collapse in oil led commodities on a -2% day. This proved detrimental to AUD and CAD on the follow. AUD/USD fell from a NY high near 0.8030 and was sitting at 0.7940 ahead of the close. USD/CAD meanwhile rallied from the 1.1507 session low towards well above the 1.16 level.
Upcoming Economic Data Releases (Asia Session) prior expected
- 7/2 23:30 GMT AU AiG Performance of Service Index JUN 39.9 - -
Published on Thu, Jul 2 2009, 22:16 GMT
Archive
- Asia Session
Published On Tue, Feb 9 2010, 07:15 GMT - New York Session
Published On Mon, Feb 8 2010, 23:25 GMT - Asia Session
Published On Mon, Feb 8 2010, 07:20 GMT - London Session
Published On Fri, Feb 5 2010, 11:15 GMT - Asia Session
Published On Fri, Feb 5 2010, 07:07 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.Related reports
U.S. Forex Market Commentary by GCI
Tue, Feb 9 2010, 22:21 GMT
USD lower pressured by Greek rescue hopes by Easy Forex
Tue, Feb 9 2010, 15:22 GMT
Euro is catching a breather on Tuesday by Wells Fargo Investments, LLC
Tue, Feb 9 2010, 14:54 GMT
London Gold Market Report by BullionVault.com
Tue, Feb 9 2010, 14:53 GMT
Hopes of tackling budget deficit in Greece sap demand on refuges by ecPulse.com
Tue, Feb 9 2010, 14:49 GMT
audusd, indicator, eurusd, eurozone, stocks
[ View All ]Related content
Cititechs in form and long EUR/USD
Forex Live | Tue, Feb 9 2010, 22:58 GMT
Forex: Currencies tied to commodities rise sharply
FXstreet.com | Tue, Feb 9 2010, 21:28 GMT
Stocks rallied; Dollar retreats
FXstreet.com | Tue, Feb 9 2010, 21:05 GMT
Forex: EUR/USD holds below 1.3800
FXstreet.com | Tue, Feb 9 2010, 18:57 GMT
Forex: EUR/USD tests 1.3840 and falls to 1.3780 again
FXstreet.com | Tue, Feb 9 2010, 17:48 GMT
audusd, indicator, eurusd, eurozone, stocks
[ View All ]
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.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.