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Daily Forex Snapshot: 4-2-2009


Forex - Asian Session - Waiting on the ECB Press Conference
G10 Advancers and Decliners vs USD
GBP
1.35
EUR
0.56
CHF
0.08
JPY
-0.70
The Usd was weaker in the Asian session, as the traders positioned themselves in front of today’s critical ECB meeting and press conference. The EurUsd traded higher from 1.3200 to 1.3312, while the UsdJpy trended light up from 98.50 to 99.27. Asian regional indexes were significantly higher, with the Hang Sang closing up by 7.41% and European stock markets are also higher. For the rate decision...
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Forex Alerts: 4-2-2009


12:35 (CET) - XauUsd11:00 (CET) - AudCad09:00 (CET) - Session startAlert-19:05(Est) ACM Precious Metal Analysis: Gold Sees Slight Pop But Settles in Late Trading


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Daily Forex News & Commentary: 4-2-2009


Markets Watch for any Deviation from the Expected ECB Script
The subdued tone that the G20 has brought on this week continues to transpire, as markets struggle to find a level before the meeting, that some have put on par with the treaty of Versailles and the creation of the League of Nations so many years ago. We are in line with the market consensus view in expecting the ECB to cut its refinancing rate by 50bp to 1.00% and its deposit rate by 25bp to...
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ACM, Forex, currency trading specialist, provides online currency trading via a highly professional forex trading platform, real time currency exchange rates, forex news, analysis on the currency market, and online forex trading tools. ACM offers also forex white label solutions for banks and brokers.