Featured \Nick Nasad \ 12:54 PM EST \ March 15th, 2010
Risk aversion ruled today’s markets as we had some sharp words from China’s Premier regarding the yuan and China’s currency policy. The comments increased the chance of a trade war between the two countries which sent traders looking for safe haven in the Dollar and Yen. Moody’s warnings about the UK and US AAA credit rating was another factor weakening risk sentiment.
alaidi: Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex 7 hours ago from TweetDeck
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JohnKicklighter: ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” 20 hours ago from TweetDeck
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Daily Video Recap: China & Moody’s Sink Risk Appetite
Featured \ Nick Nasad \ 12:54 PM EST \ March 15th, 2010Risk aversion ruled today’s markets as we had some sharp words from China’s Premier regarding the yuan and China’s currency policy. The comments increased the chance of a trade war between the two countries which sent traders looking for safe haven in the Dollar and Yen. Moody’s warnings about the UK and US AAA credit rating was another factor weakening risk sentiment.
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