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Daily Forex Snapshot: 9-2-2010

Forex - Australian Trade Surplus Shrinks

G10 Advancers and Decliners vs USD
	JPY	0.30
	GBP	-0.08
	EUR	-0.12
	CHF	-0.15

Asian equity markets have opened on a positive note this morning following the strong gains posted in the US session yesterday on the back of increased risk seeking resulting from better than expected economic data out of the US. The ISM manufacturing index bettered analysts estimates at 56.3 actual v 52.8 exp while the ADP employment reading showed a drop in new jobs added, showing a decrease to...

Daily Forex News & Commentary: 9-2-2010

FX Market Skittish Before ECB

The rally in risk appetite boosted by strong Chinese and Australian data yesterday was further encouraged after our last article by stronger than expected US ISM numbers. Forex risk correlated currencies, such as the Euro, moved lock-in-step with the data. EURUSD rallied above 1.2800 and the S&P climb above 1080. However, US rates weren’t invited to the party as players remained unsure – 10...

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.