So much for the upset-in-the-making in Tehran. Ahmedinejad won a resounding victory, according to the official tally.
Ajad wins going away
Source: www.forexlive.com
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JPY buying into the fix
As I wrote earlier, normally one sees USD buying and JPY selling on the 10th of the month but today we are seeing the opposite with JPY buying pushing the USD/JPY to a session low at 97.17 and EUR/JPY to 136.70. Not much in the way of bids until 96.60 in USD/JPY I’m told, but it is doubtful...
FOREX VIDEO - New York Session Review - August 13, 2009
Rising risk appetite has been the dominant theme over much of the Q2 corporate earnings season. For the EUR/JPY currency pair, that has translated into an up day on 3 of every 4 trading days over the prior four weeks, and another up day was in the making at today’s New York open. The release...
Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...
UK recession may have ended three months ago
Never fear, mates. The UK recession may have ended as long ago as March, says NIESR. It has not exactly been a robust recovery but there appears to have been slight upticks in growth in both March and April, the think tank says. The pound is performing robustly this afternoon amid the green shoots,...
AUDUSD edges higher after RBA minutes
AUDUSD has managed to rally back above 79c as the market acknowledges that Australia is one of the few economies to expand last quarter. There is growing speculation that the RBA may even raise rates over the next 12 months on signs of recovery. On the day the rally maybe short lived. The 7930...