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Hi everybody, and welcome back! As we have comment last night in the daily Wrap up webinar, stocks fell and dollar continued rising along with yen, with European currencies attempting to breaksome strong daily support zones early Asia, only to recover them back early Europe. Stocks are slightly up at this time, supporting the upside correction, while oil continues to be the main driver of the dollar rally: barrel price come close to 62.00 and continues pushing lower. Japanese yen is no doubts the stronger currency of the board, that reached a 7 week high against euro and dollar, and Y151.00 against Gbp. Seems risk aversion is one step away of changing to panic, let’s see how U.S. stocks do today. G8 is gathered, and results will come on Friday and market will be watching for comments about dollar reserve status; something unlikely for the group to discuss.Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Remember I will be in Barcelona in October! Here is the link if you want to know more about it: http://www.traders-conference.com