FOREX ROLLER COASTER
By BostonFXtraderPublished: July 15, 2008
The Long Term look at the coming US Dollar reversal Read More...
Market Outlook for the Upcoming G7 Meeting - New York Session
By Forex.comPublished: April 11, 2008
The USD rebounded explosively in NY trading today as traders pared short-USD positions ahead of tomorrow's G7 meeting in Washington. NY opened to find USD/JPY and the JPY-crosses under extreme pressure following overnight stock market losses and a fresh all-time high for the EUR/USD at 1.5915. USD/JPY was trading below 100.50 and went on to make new lows just above 100.00, pulling EUR/JPY (and other JPY-cross pairs) to a low around 158.80. From there, USD/JPY and other JPY-crosses began to rally back sharply, propelled by a stronger US stocks after several large US retailers beat earnings estimates.
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