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Daily Forex Snapshot: 7-30-2010

Forex - USDJPY hits new 2010 low

G10 Advancers and Decliners vs USD
	JPY	0.40
	GBP	-0.01
	EUR	-0.04
	CHF	-0.15

Asian equity markets have opened in the red this morning, this of course following the US equities’ highly volatile and lower closing yesterday (the Dow closed -0.30% lower, after touching an intraday low of 10387). The Nikkei was trading -1.64% lower on a combo of weaker data emerging from Japan earlier in the morning. Data showed that the Japanese jobless rate was a tick higher than...

Daily Forex News & Commentary: 7-29-2010

RBNZ Sounds Dovish But Risk Taking Remains

Markets are trading in a lethargic manner as participants continue to nervously take on risk-correlated trades. The move toward risk is logical because without the massive sovereign crisis fear hovering over the market like the Sword of Damocles, one needs to consider the fundamentals - particularly monetary policy, as the core driver. Overall, the rate at which central banks are mopping up...

ACM, Forex, currency trading specialist, provides online currency trading via a highly professional forex trading platform, real time currency exchange rates, forex news, analysis on the currency market, and online forex trading tools. ACM offers also forex white label solutions for banks and brokers.