http://www.fxstreet.com/technical/market-view/market-session-recaps/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-20.v02.htmlEUR/USD has been under pressure in European hours; the USD finding support despite the modest upward push in European equity indices. Risk appetite has been unsettled by yesterday's news from Brazil that if would further tighten restrictions to stop short-term speculative inflows and by talk that other emerging countries would follow suit. The Turkish central bank this morning has dismissed talk that it is considering such a move. The better position of the USD in Europe has knocked gold, oilFri, 20 Nov 2009 11:37:07 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-20.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-20.htmlThe Dollar and Yen were steady to end the week as declines on Wall Street carried over to Asia, stemming any demand for risk as traders trimmed positions ahead of the Thanksgiving holiday week. Although most risk pairs ended the day close to flat, the trade day was cut into three distinct parts. The first part of the day was a quick run up in the risk currencies prior to the Tokyo fix, pushing the dollar and yen to session lows. Once the fix was concluded the second move involved a selloff ofFri, 20 Nov 2009 06:53:46 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-20.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-19.v03.htmlThe NY session witnessed a total washout for risky assets. This was a welcome sign for the bears that see the current rally as long in the tooth. US equities shed more than -1.3% in broad terms but the recent correlation between stocks and currencies broke down a touch. Despite what was a beaten down equity market for the better part of the session, EUR/USD managed to rally from a NY open near 1.4860 towards the 1.4920/30 area as we write. USD/JPY meanwhile traded in tandem with TreasuryThu, 19 Nov 2009 22:07:37 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-19.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-19.v02.htmlA difficult session for Japan's Nikkei 225 overnight wiped away risk appetite at the start of the European session. EUR/USD dropped back to 1.4847 early in the session, the EUR finding support from the strength of the EUR/JPY 132.00 technical barrier. Sterling found encouragement on positive news from the Oct retail sales data. The better tone of the USD has helped knock gold off its highs. The OECD has doubled its forecast for growth in 2010 to 1.9%. It expects growth of 2.5% in 2010. NeitherThu, 19 Nov 2009 11:22:10 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-19.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-19.htmlThe Dollar showed some rare strength today in Asia as traders took profits from higher risk currencies and equities slid lower, adding some muscle to the Japanese yen as well. Many investors feel that Japan is lagging behind other Asian countries that are leading the global economy out of the recent credit crisis and are thus putting their money to work elsewhere. Stocks in Japan were hobbled as the Nikkei hit a four month low and the Topix extended its losing streak to a seventh consecutiveThu, 19 Nov 2009 06:49:48 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-19.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-18.v03.htmlEconomic data was on the dollar positive side as consumer prices in the US came in a hotter than expected 0.2% MoM on the core metric while housing starts printed a much weaker than anticipated 529K. The higher inflation brought some speculation back on the table that the Fed might be bullied into raising interest rates before expected while the weak housing data put pressure on risky assets – which have been negatively correlated with the US dollar. Stocks closed out on a high note,Wed, 18 Nov 2009 22:42:04 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-18.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-18.v02.htmlGains in EUR/USD accelerated in European hours before EUR buyers emerged at 1.4960. Softer stocks in Japan kept the lid on the risk trade in Asian hours but a better tone in European equities indices has coincided with a softer USD against the EUR, AUD and the NZD. Sterling has been subjected to a choppy morning. The pound initially plunged on the back of the release of the Nov MPC minutes. However, the unit has subsequently recovered. The softer USD has spurred gold to a high of USD1148.10Wed, 18 Nov 2009 11:11:05 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-18.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-18.htmlToday was not an exciting day in Asia by any stretch of the imagination as currency markets were victim of tight ranges and a lack of any meaningful data or news. Traders mostly sat on their hands and waited for signals from upcoming data including the Bank of England's monetary policy minutes out of the UK, and a little further down the road, the US CPI and Building Permits data out of New York. Regardless of the fact that the day lacked any excitement, the weak dollar theme remained in placeWed, 18 Nov 2009 06:54:17 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-18.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-17.v03.htmlPoor economic data out of the US coupled with more jawboning in favor of the US dollar elicited a lackluster day for equities and resurgence in the buck. Stock markets closed up a smidge as a late day rally helped erase sharp losses early in the session. EUR/USD remained extremely well correlated with the risk trade and the pair squeezed down from a NY session open by 1.4880/90 towards the 1.4870 zone at last look. The recovery in stocks helped the pair come off the lows just above the crucialTue, 17 Nov 2009 23:10:25 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-17.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-17.v02.htmlEUR/USD has drifted lower from its 1.5000 overnight high aided by comments from the ECB's Trichet and a weaker tone in stock markets. The move back to USD1.500 wiped out any evidence of the fact that Fed Chairman Bernanke broke with convention yesterday to make mention of the USD. Bernanke's acknowledgement of the headwinds that face the economy will continue to warrant low rates for an extended period effectively snuffed out any support for the USD. Despite their failure to support the USD,Tue, 17 Nov 2009 11:17:47 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-17.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-17.htmlThe US Dollar was able to take a step back from lows but was still precariously close to them in a day that saw light flows and little action. The US Federal Reserve spent most of the NY day emphasizing the fact that rates in the US will remain low for an extended period of time, talk that would do nothing to buoy the sinking dollar. Further comments by Fed Chairman Bernanke that looked to reinforce the central bank's ''Strong dollar policy'' fell mostly by the wayside. EUR/USD made a 30 pipTue, 17 Nov 2009 07:04:15 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-17.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-16.v03.htmlBetter economic data and a rather status-quo Bernanke helped risk assets extend gains in NY trading, sending the US dollar commensurately lower. Headline retail sales blew away expectations, rising 1.4% in October on a pop in auto sales. Moreover, the "control" retail sales number (ex gasoline, auto dealers and building materials) was actually up a decent +0.5% on the month and this follows +0.4% in September and +0.5% in August. This really limited the downside for risky assets all day.Mon, 16 Nov 2009 21:55:52 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-16.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-16.v02.htmlFar better than expected Japanese Q3 GDP data (+1.2% q/q) and reassurances from APEC members that they would keep spending until there was 'durable' economic growth spurred risk appetite this morning. This pushed EUR/USD close to 1.500 in early European hours though as USD buyers emerged it dropped back to the 1.4870 area. President Obama's visit to China has yet to bring any mention of China's effective USD peg which has underpinned the view that China will sidestep the issue until externalMon, 16 Nov 2009 11:18:32 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-16.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-16.htmlThe US Dollar began the week in Asian on the defensive as traders pushed riskier currencies higher right out of the gate. News articles off the presses quieted any rumors of China allowing the Yuan to appreciate against the Greenback. The big blow to that talk came from Chinese Vice Commerce Minister Jian, when asked about talk from the Peoples Bank of China that spoke of a gradual appreciation of the Yuan last seen in July 2008, stated, ''I don't think the central bank meant to say that...''Mon, 16 Nov 2009 06:52:35 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-16.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-13.v02.htmlThe USD relaxed its better tone in early European hours this morning following an acceleration of German GDP growth in Q3 to +0.7% q/q. However, the USD's inability to hold above EUR/USD1.4900, the generally soft tone in stocks and weaker gold and oil prices reflects a reduced appetite for risk into the weekend. Overall Eurozone growth in Q3 at 0.4% q/q was weaker than expected although it confirms that the region moved out of recession in the period. Cable has made solid gains this morning;Fri, 13 Nov 2009 11:43:14 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-13.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-13.htmlThe Dollar managed to cling onto gains made on the earlier US stock and commodities slump that pushed traders to dollars, replaying a theme that has been seen often over the past few weeks. Soft equities, ECB talk of a ''fragile recovery'', and weaker oil and gold gave the dollar a boost in New York trading, as EUR/USD bottomed out at 1.4820 prior to the Asia open. Although the EUR/USD was able to peak over the 1.4870 level, for a high, it was still a far cry from the 1.5050 highs that wereFri, 13 Nov 2009 07:18:17 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-13.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-12.v03.htmlThe robust negative correlation between risky assets and the US dollar was back with a vengeance in NY trading. Equities could not hold on to yesterday's high close for the year and sank more than -1% before the dust settled. The decline looks to have been exacerbated late in the session by some headlines that White House Budget Director Orszag said a capital gains Medicare tax is "in play". This had the bulls running for the exit and could see the market weaken further if it gets any tractionThu, 12 Nov 2009 22:21:34 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-12.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-12.v02.htmlEUR/USD has sunk lower during European hours in line with the softer tone of stocks, though European indices have recovered most of their earlier losses. Comments overnight from Chinese Premier Wen Jiabao that the global economy faces a slow and bump recovery had heightened fears that Chinese stimulus may start to be withdrawn soon and that the pace of growth in the world's powerhouse may be turned down. The JPY is higher across the board. The outlier is the AUD which has rallied despite theThu, 12 Nov 2009 11:22:03 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-12.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-12.htmlThe Aussie Dollar once again stole the spotlight in Asia as better than expected employment data fueled a huge move higher, pulling risk and gold with it. While the Australian unemployment rate was in line with the consensus of 5.8%, the employment data showed that 24,500 jobs were added as opposed to a forecast of a loss of 10,100 jobs. The data surpassed even the most optimistic hopes, pushing the Aussie dollar to fresh 15 month highs. AUD/USD exploded from 0.9310 to finally fizzle out nearThu, 12 Nov 2009 07:28:15 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-12.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-11.v04.htmlThe NY session was mostly on the quiet side as the Veteran's Day holiday made for some rather calm markets. The only major action occurred ahead of the 11am ET fixing. EUR/USD knifed down from 1.5030 to the 1.4960 area in a matter of minutes while GBP/USD sank one big figure to 1.6550 in that same span. The rest of the session was an absolute chopfest, devoid of any significant economic events. The US dollar index closed out the day just about flat despite the overall bid tone to the commodityWed, 11 Nov 2009 22:20:12 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-11.v04.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-11.v03.htmlThe risk trade was boosted overnight by a decent set of data from China. Retail sales, production data and the trade surplus all beat market forecasts and strengthened the belief that China continues to drive the global economic recovery. Banking lending in China while strong expanded at a slower pace underpinning forecasts that this may be tightened to ward off inflationary pressures. Japanese machine orders (+10.5% m/m in Sep) also outshone market forecasts as did this morning's release ofWed, 11 Nov 2009 11:11:00 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-11.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-11.v02.htmlThe US Dollar was pushed lower once again as stronger than projected retail sales and industrial production out of China helped push risk higher. The risk appetite was short lived however once traders were able to digest the full bag of data and realize that poor bank lending rendered the compilation of data as mixed. The lackluster reaction of Chinese equities helped to reinforce the mindset that overall the data release could be deemed neutral until further investigation. Equities out ofWed, 11 Nov 2009 06:53:32 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-11.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-10.v03.htmlThe price action remained on the painful side in NY trading as another day devoid of major economic news made for some range-bound markets. The under the radar releases included the NFIB small business optimism index which rose modestly to 89.1 in October from 88.8 prior. The reading is still extremely dismal and well below the 100 historical average. The IBD/TIPP economic optimism index was also out and it sank to 47.9 in November from a 48.7 read the previous month. The market was lookingTue, 10 Nov 2009 22:29:02 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-10.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-10.v02.htmlThe rally in risk that pushed US stocks significantly higher into the close last night begun to dwindle in Asian hours. Asian stocks closed higher on the day but well off their intraday highs and European stock indices are mixed to lower. EUR/USD pushed lower in Asian hours as stocks started to lose support. In London, USD sellers started to re-emerge as HSBC's trading statement reassured investors but EUR/USD again fell back from 1.500 on the back of a worse than expected German Nov ZEWTue, 10 Nov 2009 11:29:13 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-10.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-10.htmlThe US Dollar remained heavy in Asia as it hovered near NY lows for the majority of the day. Equities continued the strength begun earlier on Wall Street to the tune of 1% while risk demand followed the moves higher. With stronger demand for commodities and risk assets, the dollar continued to be sold to fund these trades due to its low interest rate and the assumption that it will not be changing anytime soon. AUD/USD got an early boost after NAB business confidence showed its highest levelTue, 10 Nov 2009 07:02:43 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-10.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-09.v02.htmlLast week was packed full of obstacles for the risk trade yet none managed to significantly undo its momentum. The result has been that the USD has been dumped this morning in favour of the EUR, the AUD, NZD, CAD and the pound. Aided by USD weakness oil prices are pushing higher and gold has seen new highs just shy of USD1110.00 /troy ounce. The surprisingly high 10.2% print in Friday US unemployment rate did threaten to lure flows back towards the safe haven of the USD. However, the payrollsMon, 09 Nov 2009 11:10:46 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-09.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-09.htmlThe weekend's G-20 meeting in Scotland came to a close without any encouraging comments about the dollar from those attending. As well, an IMF report that stated the dollar was still robust despite recent depreciation signaled to traders that the greenback could have further yet to fall. The dollar opened weaker across the board to start the week, and early Australian data showing a jump in Home Loans helped to continue the trend. Aussie home loans came in today at 5.1%, which was wellMon, 09 Nov 2009 07:18:40 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-09.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-06.v03.htmlThe ability of stocks to edge higher again today suggests that the concerns over a pullback in risk appetite which was evident at the end of last week may have been overdone. Over the past month several US data releases have surprised on the upside. The surge in the employment component of the ISM manufacturing stands out but factory orders, retail sales, industrial production and Q3 GDP all suggest that the world's biggest economy is grinding its way out of recession. This afternoon'sFri, 06 Nov 2009 11:03:09 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-06.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-06.v02.htmlIt was an uninspiring final day of the Asian trade week as traders sat on the sidelines ahead of US employment data due out later in the day. The non-farm payroll and unemployment data will be a strong indication of the strength of the current recovery in the US. The forecasts show a loss of 173K jobs for last month and an overall unemployment number of 9.9%, up from last month's 9.8%. As could be expected, if the data disappoints the dollar should be the benefactor, and on the other hand, ifFri, 06 Nov 2009 06:52:40 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-06.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-06.htmlUpbeat economic data helped stocks extend gains but the US dollar remained relatively flat on the day. Initial jobless claims in the US fell to 512K from 532K and the market rejoiced. Nobody bothered to report that the true continuing claims number (state and federal programs), however, remains near a whopping 9 million and has shown no improvement in recent weeks. This suggests it is still very difficult for folks who lost a job to find a new one. Equities closed up 2% on the day nonethelessFri, 06 Nov 2009 00:00:36 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-06.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-05.v02.htmlFollowing a lacklustre start, EUR/USD is trading below last night's close; the yen is higher across the board. The rally in risk that was apparent yesterday has fallen foul with European stock market following their Asian counterparts lower. Overnight a monthly report from the S.Korean Finance Ministry stated that it was still 'unclear' whether the economic rebound will be sustained, while RBNZ's Bollard made the point that the NZ economy had suffered recession and its economic recovery isThu, 05 Nov 2009 11:08:34 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-05.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-05.htmlThe action began early in Asia with the New Zealand unemployment rate coming in higher than anticipated at 6.5% as opposed to 6.4%. NZD/USD took a spill from 0.7270 to 0.7220 on the data, but the hit kept coming for the kiwi. Two hours later, Reserve bank of New Zealand Governor Bollard began a speech, and as the comments hits the wire, the Kiwi dollar headed lower. Bollard stated that while Australian economic strength was a benefit for his country, both counties should not be treated equallyThu, 05 Nov 2009 07:03:22 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-05.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-04.v03.htmlInter-market correlations broke down in a very sloppy session for price action. NY trading began with an overall ''risk on'' tone as the details of the US ISM services index seemingly got investors excited. New orders rose on the month and given the leading properties of this indicator, expectations for growth were likely ratcheted up. The employment index dropped sharply, however, and this does not bode well for Friday's NFP release. We are currently anticipating a decline of -190K and a jumpWed, 04 Nov 2009 23:44:57 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-04.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-04.v02.htmlGoods news has lifted risk appetite this morning. Better than expected earnings reports in Asian hours were followed by good news from UK retailers. The EUR is higher vs the USD and the JPY. The weaker USD is feeding the rally in gold. Cable has been pushing higher from the European open, receiving an additional boost on the release of UK economic data. Cable reached USD1.6540 before sellers emerged, EUR/GBP sunk to 0.8920. Optimism in the UK received a boost on the release of stronger thanWed, 04 Nov 2009 10:58:39 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-04.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-04.htmlWith tomorrow's FOMC rate decision and statement looming, it was an understandably quiet day throughout Asia, with the exception of a quick dive in the Aussie dollar due to poor data. Australian retail sales came in worse than expected at -0.2% as opposed to the forecast of +0.5% and the move in AUD/USD was swift and dynamic. AUD/USD dropped almost 80 pips from 0.9040 to 0.8970 as the hopes of a December rate hike from the RBA seemed to get a bit further out of reach. The pair eventuallyWed, 04 Nov 2009 07:18:16 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-04.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-03.v03.htmlThe NY session was not kind to the US dollar, which saw most of its overnight gains evaporate. Equities started the session lower and the US factory orders report provided little solace. While the headline number surprised to the upside with a 0.9% MoM print, the core orders number (nondefense capital goods ex aircraft) was revised lower to a 1.8% monthly gain from a 2.0% increase flashed by the durable goods report last week. This feeds directly into GDP on the capital spending front andTue, 03 Nov 2009 22:24:01 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-03.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-03.v02.htmlEUR/USD has broken down through 1.4700 and stocks markets are registering hefty losses across the board as the market takes risk off the table in the wake of another run of bad news from the banking sector and fears that most of the G-10 will only be able to manage lacklustre growth going forward. UBS has reported a greater than expected loss while the additional taxpayers funds which will be sucked into the UK's RBS make it the world's most costly bailout. The EU has announced its latest setTue, 03 Nov 2009 11:28:27 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-03.v02.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-03.htmlToday's trading could be looked at in two parts. The first part of the day was dominated by news that the IMF had sold somewhere in the ballpark of 200 metric tons of gold to the Reserve Bank of India. This news pushed spot gold to eventual session highs of $1066.00 as the dollar weakened in the wake of the move. EUR/USD drove 40 pips to session highs of 1.4810 on the softer dollar. GBP/USD made a move from 1.6380 to just shy of 1.6420 on the data, and not to be left on the wayside, the yenTue, 03 Nov 2009 06:58:39 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-02.v03.htmlThe NY session saw recent inter-market correlations continue to play out. Equities ended the day 0.7% higher after some rollercoaster price action. Risk assets started NY trading substantially higher and were catapulted by a much stronger than expected US ISM manufacturing report. The headline jumped to 55.7 from 52.6 and the details were also strong. Indeed, the employment component printed above 50 for the first time since July of last year. The rally would not last, however, as Fed BankingMon, 02 Nov 2009 22:46:07 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-02.v03.htmlhttp://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-02.v02.htmlThis morning's positive economic data persuaded investors to reconsider putting a little risk back on the table. Chinese manufacturing PMI reflected further expansion and Eurozone manufacturing PMI data for Oct indicated that the recovery in the region remains on track. A bigger surprise came from the UK Oct manufacturing PMI data which at 53.7 blew out expectations. Production contributes just 17% to the total UK economy which highlights why the services PMI data due later in the week is ofMon, 02 Nov 2009 11:06:58 GMThttp://www.fxstreet.com/technical/market-view/info@forex.com (FOREX.com)http://www.fxstreet.com/technical/market-view/market-session-recaps/2009-11-02.v02.html