ukcitymedia.co.uk latest news from uk stockmarket, company news articles, share charts, share trades info and commentary on latest share prices
Home Page

Charts and Trades




CFD trading & spread betting can result in losses that exceed initial deposit.



 

Search

Stock Trading

TD Waterhouse
Barclays
 
 

Regulatory News

News Categories


Stockmarket Reports
Director Dealings
Company Reports
Stockmarket Trading
Newspaper Share Tips
Broker Recommendations
Endowments

Blog Comments List

 

Morning Forex Report: Wild swings on the Yen

Morning Forex Report: Wild swings on the Yen

30/08/2010 by ukcitymedia.co.uk about : Forex Trading - 0 Comments - 221 words


Market Report: 07.00 London

Monday Morning Forex Summary:
 

  • European stock market futures are pointing to a positive start after late Friday evening rally in the US.
  • This comes on the back of Friday's comments from US FOMC chairman Ben Bernanke that the Fed is prepared to do whatever it takes to get the economy back on track.
  • Things were looking even better until the emergency meeting from the Bank of Japan failed to live up to expectations. Traders were hoping and looking for a bigger stimulus injection than was announced.
  • The yen has reversed its early losses on the news, with a 1% reversal on the earlier move on the AUD/JPY that actually puts the yen in credit for the day.
  • Risk appetite has swung back to cautious mode, with the EUR/USD down 0.2%.
  • It is a bank holiday in the UK today so the GBP/USD and GBP/JPY may not act as they usually do.




Click To View Full-size image




Click To View Full-size image


   

Trade Now at .......

Plus500


Charts and related articles


To generate a share chart, get latest shares trades data or search for earlier articles, copy company name to clip board and CLICK HERE !



ukcitymedia.co.uk provides interest articles compiled from news releases already in the public domain. Articles are abbriviated news alerts or abstracts mostly originating from RNS news releases made in the week of posting. Investors are reminded to source original news releases, verify news and carry out own research before making investment decisions.



Add a comment


Username:

Email:

Security key:

Message:




Other recent articles within category


Markets quiet ahead of US employment & non farm payroll figures at 13.30

Morning Forex Report: Wild swings on the Yen

Commodities news : oil down, gold and silver prices up on US jobs data

Morning Forex Report : Markets in the red after US afternoon slump

Morning Forex Report : Commodity currencies on the rebound

Morning Forex Report : Non Farm Payroll breakout trade idea.

Morning Forex Report : Big day ahead for forex markets

Stock trading articles - How does fixed-odds market betting work.







Home


Search Again

Stockmarket This Week





All rights reserved    ukcitymedia.co.uk latest news from uk stockmarket, company news articles, share charts, shares trades info and commentary on latest shares prices    © Site Terms and Conditions apply. Based in London. UK