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Daily Forex Snapshot: 11-21-2008

Forex - Asian Session - Slight Rally in Risky Assets

G10 Advancers and Decliners vs USD
	JPY	0.78
	GBP	0.28
	EUR	-0.32
	CHF	-0.51

The Usd was mixed in the Asian Session, as equities rallied and risk appetite increased. Markets are watching the potential divergence between Usd and stock markets. Yesterday, the S&P fell by more than 6%, while the EurUsd gained, just adding support to the divergence theory. For the last 4 months, the tight correlation has had significant effect on traders positioning and, should decoupling...

Forex Alerts - 11-21-2008 :


Alert - 17:40 (CET) - UsdCad Alert - 17:05 (CET) - Yen rebounds against Sterling, as the stocks are declining Alert - 16:10 (CET) - EurUsd Alert - 15:40 (CET) - UsdJpy Alert - 15:15 (CET) - AudUsd Alert - 15:00 (CET) - GbpUsd Alert - 14:45 (CET) - UsdCad Alert - 14:40 (CET) - XauUsd Alert - 14:15 (CET) - EurUsd Alert - 10:30 (CET) - GbpUsd Alert - 10:15 (CET) - UsdChf Alert - 09:50 (CET) - UsdJpy Alert - 09:35 (CET) - EurUsd

Daily Forex News & Commentary: 11-21-2008


Currency market remains nervous about $25 billion automakers request and Citigroup recent drop to 14-year low.

The Dollar dropped against Yen on Thursday, pushed by Wall Street's plunge as fears of a worldwide downturn that was much deeper than initially thought made investors shift in the safer assets. Meanwhile, Dollar and Yen rose against the Euro and other high yielding currencies as investors sold risky assets such as stocks and commodities financed by loans denominated in the Dollar and the Japanese...
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