Featured \Nick Nasad \ 6:16 PM EST \ August 11th, 2010
Equities retreated sharply in today’s session, with main indexes around the world plunging between 2%-3%. Today, weaker than expected data from China and a downgrade in the growth outlook by the Bank of England for the UK added yesterday’s gloomy Fed’s assessment of the US economy. That increased concerns of a global slowdown, causing a big flight to safety, helping the US Dollar and Japanese Yen.
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 5 hours ago from TweetDeck
kathylienfx: Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed 18 hours ago from web
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.” 18 hours ago from TweetDeck
JohnKicklighter: According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break 18 hours ago from TweetDeck
JohnKicklighter: That's a hearty drop in net dollar long interest from the COT figures. Good indicator for establishing a time frame for dollar's tumble. 19 hours ago from TweetDeck
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Daily Video Recap: Dollar and Yen Surge as Chinese Data Fuels Fear of Global Slowdown
Featured \ Nick Nasad \ 6:16 PM EST \ August 11th, 2010Equities retreated sharply in today’s session, with main indexes around the world plunging between 2%-3%. Today, weaker than expected data from China and a downgrade in the growth outlook by the Bank of England for the UK added yesterday’s gloomy Fed’s assessment of the US economy. That increased concerns of a global slowdown, causing a big flight to safety, helping the US Dollar and Japanese Yen.
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