The Terminator

26th October, 2008.

It hurts when our anticipation turns out to be largely wrong. This is what was the case during the last week for which a much of the improvement had been assumed. USD weakness was the key anticipation; but instead, that remained the in-demand currency. The last week events of the FX market were due to the interlinked influence of the global stock markets which experienced many negative pulsations.

Out of whether Beginning of the start or starting of the End may be the overall occurrence of the last week. But, one thing is clear that these markets are going to reach the nadir before they start afresh journey of improvement. So, the volatility is very high at these hours; and next week will be estimated on the ground or degree of uncertainty. One conclusion can also be drawn that unless the situation of the stock markets stabilize, there is no hope for effective Forex market functioning. On the other hand, the stock market atmosphere globally is worsening day by day with the main victims to be the major economies. Be cautious at any position because you could be a victim too.

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