The Taiwanese exchange is down over 3%, the Kospi is down over 1% and all other exchanges are down by between 0.25%/0.5% on a day dominated by risk aversion related to geo-political events in Iran and North Korea. The oil price dipped back below $72/bbl as fears of another economic slowdown outweighed supply fears from any middle-eastern tensions. Gold is steady at $940/oz.
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Regional stockmarkets lose ground
June 15 2009, 6:40am | Comments »
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WORLD FOREX: Dollar Gains Ground As G8 Looms
By Gary Stride Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The dollar has clawed itself back from one-week lows against the majors Friday as players trim ...
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June 12 2009, 1:23pm | Comments »
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EUR/USD clawing back lost ground
The threat of some significant buying interest at 1.3925 has dulled the bear’s appetite for risk and shorts have continued to book profits on the EUR/USD, with the pair back again towards 1.40. Dealers report a mixed bag of selling interest and trailing stops above the figure. The previous high/low pivot at 1.4050/65 should prove a more substantial obstacle and frustrated longs will undoubtedly start easing out of their positions if that resistance holds.
June 8 2009, 5:45am | Comments »
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