If concerns over the strength of the US recovery were not bad enough the market has now been rattled by increased fears that growth in China may be less rapid than previously expected.  These fears swept across the market following news that the US conference board had revised lower its China index.  Yields on 10 yr treasuries have pushed under the 3% level, 2 yr yields have broken below the their 2009 lows on flight to quality and the yen has managed sharp gains across the board, though there is presently signs of stabilisation vs the USD and the EUR.  This morning’s set of poor Japanese economic data increased fears regarding the resilience of the global recovery.
<SP Full text »

del.icio.us | Technorati | Stumble It!

1 minute with ForexSurvivor       (29June Europe) Latest Impact:   73pips EURUSD Mission Accomplished             EURUSD run away from the bullish target @ 12418 and instead hit the reversal (stop) level @ 12271. The pair kept tumbling during European session to our bearish target @ 12198, collecting 73pips.   The signal went as follow: Long 0.5 lots @ 12344 Short 1lot @ 12177 Target hit @ 12198    

Powered by FXStreet.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM : AUD/USD: 0.8587 Last Update At 29 Jun 2010 08:20GMT Aud’s fall below minor sup at 0.8690 after meet-  ing renewed selling at 0.8721 in Asia suggests down  side bias remains n below 0.8696 wud bring further  weakness, however, o/sold condition shud prevent  drop below 0.8545/50 n yield bounce.  Sell again on recovery with stop as indicated,   abv wud prolong choppy trading n risk 0.8670/75.  Range Forecast 0.8575 /

Powered by FXStreet.com

Risk aversion swept into Asia today like a typhoon, sending the safe haven yen soaring and the Swiss Franc to all time highs against the Euro as investors feared the global recovery was stalling. With talk that Chinese exports will face “strong headwinds” for the second half of the year coupled with continued banking fears in the Euro Zone, the Japanese Yen made huge gains across the board today in Asia. Yen demand was accelerated with the collapse of Asian equities, most notably those in China, with the Shanghai Index lower by over 4% and the Shenzhen lower by over 5% at one point. Full text »

del.icio.us | Technorati | Stumble It!