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Hello everybody hope you are fine. The American House of Representatives finally approve the bailout plan last Friday…and market react in consequence: trading desk are quickly leaving all risky positions (finding refugee in Japanese Yen that breaks higher all across the board, finally out of these last days range), while the European banking systems tumbles yet last Saturday membersof the zone held a meeting, where we saw a lot of positive talking yet no certain action defined to fight so. Stocks markets are falling all around the world, increasing fears of further crisis, while oil is close to break the barrier of $90.00 a barrel. Hard times for the world economy indeed, yet greater opportunities for us, forex traders.
There are no relevant news to take coare of today, but you can check the following link:
http://www.fxstreet.com/fundamental/economic-calendar/
I will come back in a few minutes, with longer term analysis for majors. Have a great day!