23rd November, 2008.
A move of -230 pips by USDJPY and -350 pips by EURJPY were exhibited last week, which created an atmosphere of risk aversion among the traders. A downside movements for USDJPY- below 96.50 and EURJPY- below 123.00 are assumed to persist for the next week. With last week's -70 pips EURUSD may also remain below 1.2700.
For the position of USD in the FX, Treasury Auctions and the US Automobile problem could become a key determinant. This problem of the automakers seems likely to be resolved soon, but if failure is there, then, the US economy will further sink into the ocean of the ongoing global financial crisis.
A more of graphical information with more recent logically enough time duration than the longer can be the most helpful weapon to fight into the FX. So, keep this weapon updated to excel your skill.
A move of -230 pips by USDJPY and -350 pips by EURJPY were exhibited last week, which created an atmosphere of risk aversion among the traders. A downside movements for USDJPY- below 96.50 and EURJPY- below 123.00 are assumed to persist for the next week. With last week's -70 pips EURUSD may also remain below 1.2700.
For the position of USD in the FX, Treasury Auctions and the US Automobile problem could become a key determinant. This problem of the automakers seems likely to be resolved soon, but if failure is there, then, the US economy will further sink into the ocean of the ongoing global financial crisis.
A more of graphical information with more recent logically enough time duration than the longer can be the most helpful weapon to fight into the FX. So, keep this weapon updated to excel your skill.
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