Global Market be it American, European, or even Asian Market – all are experiencing the worst market sell off after mid crises in 2009. Asian markets were also reported badly hit while this report was still underway.
Global Market - be it American or European –all of them are experiencing the worst market sell off after mid crises that hit us hard in 2009. Asian markets were not spared and bore the brunt while this report was still underway.
Financial analysts are contemplating that a major correction could be on way; some are even contemplating recession if the downfall continues for another few days.
Hugh Johnson, of Hugh Johnson Advisors confirmed that what we were witnessing was the erosion, and it lead to an over all loss of confidence - confidence in the economy; confidence in the market; and worst of all confidence in the policy makers.
All the talk about bad days being behind us has hit many on face and now investors are coming to terms with the fact that the pep and stimulus was non-effective and has not worked, and therefore things may be heading back to recession and Italy and Spain could be the next casualty of the Euro zone debt crisis.
Rising uncertainties and reservations over the Euro zone debt catastrophe and a new batch of weak economic data coming from the United States did hurt enough to make a dent in investor confidence, which shook investors on Asian as well as European side of market.
Swiss franc has shown prominent signs of weakening and has falling from a record against the Euro after the Swiss National Bank President made a formal announcement that the central bank won’t is in no mood to exclude any measures to curtail or hold back the currency’s advance.
The yen sank more than 2% against the dollar, again, a blow as it is the biggest drop in almost a year, after the Japanese government stepped in to curb the currency’s recent rise. As concern about the global economic slowdown continues to build, nobody is in the position to predict where we are headed for, and how will all this end or shift gear.
The US dollar ended up showing an upward trend and weekly gains were noticed in the currency against most of its major counterparts as traders and speculators preferred to linger about and around this reserve currency before U.S. and German data that is further likely to add to signals pointing towards the possibility that the global economy could be slowing.
The JPMorgan Chase & Co reported that the implied and kind of disguised instability among currencies of the Group of Seven nations jumped to 12.79%, which looks to be at its highest since March.
Charts reflected a bleak picture after the Euro zone’s blue chip Euro STOXX 50 index fell to two-year lows on Friday, sending another shock wave amongst the traders.
Firms and individuals who are experts at technically analyzing the market movement said the index’s recoiling from the top spot has cost them more than 21%, which has also placed the index firmly into a bear-market arena.
The unemployment rate is not expected to change and is likely to remain unchanged at 9.2%. Automobile bear the brunt of the sell-off on concerns about weaker sales for vehicles. The auto index has taken a plunge to the extent of 4.6%. Banks also lose ground due to the upheaval in this uncertain and down sliding economic environment.
Is There Any Good News?
When we are talking Forex, there is bound to be some good news. After all when was the last time that a smart trader did not make the most of the bad weather? A smart forex trader turns to plan and has always been making money irrespective of economy condition.
No matter what the market condition be worldwide and how the economy of the countries is doing, a good and disciplined Forex trader with a strong trading system will always make money.
Source: Forexoma.com
Global Market - be it American or European –all of them are experiencing the worst market sell off after mid crises that hit us hard in 2009. Asian markets were not spared and bore the brunt while this report was still underway.
Financial analysts are contemplating that a major correction could be on way; some are even contemplating recession if the downfall continues for another few days.
Hugh Johnson, of Hugh Johnson Advisors confirmed that what we were witnessing was the erosion, and it lead to an over all loss of confidence - confidence in the economy; confidence in the market; and worst of all confidence in the policy makers.
All the talk about bad days being behind us has hit many on face and now investors are coming to terms with the fact that the pep and stimulus was non-effective and has not worked, and therefore things may be heading back to recession and Italy and Spain could be the next casualty of the Euro zone debt crisis.
Rising uncertainties and reservations over the Euro zone debt catastrophe and a new batch of weak economic data coming from the United States did hurt enough to make a dent in investor confidence, which shook investors on Asian as well as European side of market.
Swiss franc has shown prominent signs of weakening and has falling from a record against the Euro after the Swiss National Bank President made a formal announcement that the central bank won’t is in no mood to exclude any measures to curtail or hold back the currency’s advance.
The yen sank more than 2% against the dollar, again, a blow as it is the biggest drop in almost a year, after the Japanese government stepped in to curb the currency’s recent rise. As concern about the global economic slowdown continues to build, nobody is in the position to predict where we are headed for, and how will all this end or shift gear.
The US dollar ended up showing an upward trend and weekly gains were noticed in the currency against most of its major counterparts as traders and speculators preferred to linger about and around this reserve currency before U.S. and German data that is further likely to add to signals pointing towards the possibility that the global economy could be slowing.
The JPMorgan Chase & Co reported that the implied and kind of disguised instability among currencies of the Group of Seven nations jumped to 12.79%, which looks to be at its highest since March.
Charts reflected a bleak picture after the Euro zone’s blue chip Euro STOXX 50 index fell to two-year lows on Friday, sending another shock wave amongst the traders.
Firms and individuals who are experts at technically analyzing the market movement said the index’s recoiling from the top spot has cost them more than 21%, which has also placed the index firmly into a bear-market arena.
The unemployment rate is not expected to change and is likely to remain unchanged at 9.2%. Automobile bear the brunt of the sell-off on concerns about weaker sales for vehicles. The auto index has taken a plunge to the extent of 4.6%. Banks also lose ground due to the upheaval in this uncertain and down sliding economic environment.
Is There Any Good News?
When we are talking Forex, there is bound to be some good news. After all when was the last time that a smart trader did not make the most of the bad weather? A smart forex trader turns to plan and has always been making money irrespective of economy condition.
No matter what the market condition be worldwide and how the economy of the countries is doing, a good and disciplined Forex trader with a strong trading system will always make money.
Source: Forexoma.com
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