forextrader
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Joined: 30 Sep 2007
Posts: 28
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 Posted: Mon Nov 12, 2007 5:21 pm Post subject: Latest Forex Trading Analysis - 12/11/07 |
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Read the latest forex analysis:
Barclays causes market jitters by suspending trading. High yielder’s tumble on a plunge in stock prices.
"U.S. Dollar Trading (USD) rallied to end the week as risk aversion aided the dollar in relieving much of its pressure against a basket of majors. Federal Chairman Bernanke indicated to the market that the economy will continue cool “noticeably” for the remaining fourth quarter causing the markets to price in further rate cuts out of the U.S. Much of the dollar strength came after prominent risk aversion markets fuelled by carry trades unwinding prompted by a drop in stock prices. In U.S. share markets the NASDAQ was down - 68.06 points (-2.52%) whilst the Dow Jones also tumbled -223.55 points (-1.69%). Crude oil rose by US$0.86 a barrel to US$96.32 "
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