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Daily Forex Snapshot: 08-21-2008

Forex - US Session-Usd Moderately Stronger on Economic Weakness in Europe

G10 Advancers and Decliners vs USD
	Aud	0.23
	Nzd	0.00
	Sek	-0.05
	Nok	-0.29

The Usd gained against most of the G10 in the today’s trading session. The EurUsd fell approximately 50 pips to the low 1.47 level, while the UsdJpy rose 9 pips to the high 109 price. The GbpUsd fell 55 pips to the low 1.86 area, on the heels of BoE minutes citing weaker economic growth in the region. Equity markets were negative to flat in the US, as Traders position themselves for further...

Forex Alerts - 08-21-2008 :


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Daily Forex News & Commentary: 08-20-2008


Crude Rises on hurricane fears in the US, Dollar rises after yesterdays data-led correction

The Dollar retraced against the majors yesterday primarily on news that housing starts were down on previous months by 11%. The news that Tropical storm FAY could turn into a Hurricane before hitting U.S Shores sent crude Higher, as well as the news that Venezuela would ask OPEC for a quota-cut on daily production. The inter-market relationships are at work here as GOLD rose significantly passed...
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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.