EN news@ac-markets.com news@ac-markets.com ACM Newsletter http://www.ac-markets.com/forex-news/daily-forex-news.aspx ACM Newsletter Copyright © 2007 Advanced Currency Markets SA. All rights reserved. Tue, 06 Nov 2007 14:11:24 GMT http://www.ac-markets.com/forex-news/daily-forex-news.aspx 0c7eabe5-c86b-4a12-bcf9-7a6257c270d5 Thu, 21 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-21.aspx Market is looking for Euro-zone and Britain for more evidence of slowing growth. Jean-Claude Braha The Dollar rose on Wednesday, reversing a two-day losing markets, supported by views that slowing global economic growth would prompt a wave of interest rate cuts outside the United States. It gained in quiet trade despite a rebound in Crude Oil prices to $115.51 a barrel. Data from Europe and Japan are increasingly pointing to deterioration in the growth outlook for those regions, leading... 1e0cef7e-ab8b-4f66-a1fd-fd18205630e6 Wed, 20 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-20.aspx Crude Rises on hurricane fears in the US, Dollar rises after yesterdays data-led correction Jean-Claude Braha The Dollar retraced against the majors yesterday primarily on news that housing starts were down on previous months by 11%. The news that Tropical storm FAY could turn into a Hurricane before hitting U.S Shores sent crude Higher, as well as the news that Venezuela would ask OPEC for a quota-cut on daily production. The inter-market relationships are at work here as GOLD rose significantly passed... f649767b-83d9-4244-be4d-102099e6e9e3 Tue, 19 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-19.aspx Gold led commodities higher and weaker US stocks also weighed on the Dollar. Jean-Claude Braha The Dollar eased off against the Yen on Monday, stoping an 11-day advance as falling stocks and rebounding gold saw investors skim profits off a recent rally. But analysts said the Dollar's move, which also saw it retreat from a six-month high against the Euro, was only temporary and expected market participants to use the pullback as a buying opportunity. Gold led commodities higher, taking... 045ebd81-dc01-4af9-8495-6c0f34f7c5af Mon, 18 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-18.aspx Dollar posted 5-week gains against Euro Jean-Claude Braha The Dollar jumped to a 6-month high against the Euro on Friday, helped by another drop in oil prices and growing views the US economic slowdown may be bottoming while growth in the euro zone stalls. It also posted a fifth week of gains as investors shifted their view on the global economy's ability to withstand a downturn initiated in the United States. Data in the US on Friday showed an... 10f68692-2d13-4d2f-801c-acce2a01c995 Fri, 15 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-15.aspx Renewed weakness in oil prices and a break of 1.4850 Jean-Claude Braha The Dollar rallied to an almost six-month high against the Euro on Thursday amid growing concern over euro zone economic weakness and accelerating inflation in the United States. Traders sold the Euro after reports showed contraction in the Euro zone's economy in the second quarter. The Euro zone single currency accelerated its losses and fell below 1.4800 after it broke through key technical... 751ebfa3-7819-4d20-9252-10a744da1c24 Wed, 13 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-13.aspx Dollar demand waned on Tuesday after US trade deficit unexpectedly shrank in June Jean-Claude Braha The Dollar slipped against the Euro on Tuesday, breaking a five-session rally as investors locked in profits ahead of key economic data later in the week. EurUsd has already dropped 4.11% this month with help from a sell-off in Oil prices and growing fears economies elsewhere may slow at a faster pace than in the United States. Yesterday, EurUsd slid to a six-month 1.4816 low after breaking a... 063796d8-c489-4f64-a95c-11f25ecbdcb3 Tue, 12 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-12.aspx Signs of economic slowdown in Europe, Asia and Australia reduced outlooks for higher interest rates and boosted demand for Dollar Jean-Claude Braha The Dollar rallied to a five-and-a-half month high against the Euro on Monday, boosted by another drop in Crude Oil prices and speculation that the US economy slowdown was spreading worldwide. EurUsd, which last week suffered its biggest weekly fall since its 1999 inception, briefly fell below the 1.4900 level on Monday. Mounting signs of economic difficulties in Europe, Asia and Australia have... 6333b20c-7da9-4e15-8591-f1036996b40f Mon, 11 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-11.aspx Dollar posted it biggest one-day gain against majors on changing interest and economic outlook Jean-Claude Braha The Dollar rallied on Friday, posting its biggest one-day gain versus the Euro in 7-1/2 years as the Market changed outlook on interest rate amid signs the US slowdown was spilling over to the global economy. EurUsd traded below $1.5000 for the first time since February helped by Oil prices tumbling below $115 per barrel. European Central Bank President Jean-Claude Trichet's highlighting of... a35b0d03-d7ff-4e92-9854-9d9d547aad05 Fri, 08 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-08.aspx Dollar rose broadly against majors on surprising data and lower expectations for ECB rate increase Jean-Claude Braha The Dollar rose broadly and hit a 5-1/2-month high against a basket of currencies on Thursday, bolstered by a surprise rise in June Home sales and diminished expectations for euro zone interest rate increases. The gain in pending home sales offset a bleak US jobless claims report, supporting a growing view that the current housing slowdown may be nearing a bottom. The data backed expectations... 743f7fbf-2fda-4aa5-84a0-ec98ec68a447 Thu, 07 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-07.aspx ECB and BOE are both expected to leave rates steady Jean-Claude Braha The Dollar rose for a fourth straight day overall to a seven-month peak versus the Yen and a six week high against the Euro on Wednesday, as the slide in oil prices to a new three month low raised hopes economic growth would pick up and inflation would subside. On Tuesday the Fed kept short term interest rates unchanged but was perceived as being slightly more concerned about slow economic... 3cab12b3-bd35-4f23-9307-12793a879b14 Wed, 06 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-06.aspx FOMC kept rate steady at 2% as expected Jean-Claude Braha The Dollar climbed to seven-week peaks against the Euro and major currencies on Tuesday, as oil prices plunged and the Federal Reserve maintained its focus on slowing persistent US inflation pressure in the economy. FOMC kept rates steady at 2%. Investors were disappointed that there was only one dissenter to the Fed decision, with Dallas Fed President Richard Fisher opting for higher rates. ... 82e1edb8-db41-443b-b047-f79faa68dc3d Tue, 05 Aug 2008 10:49:43 GMT http://www.ac-markets.com/forex-news/forex-2008-08-05.aspx Euro/Dollar would trade in narrow ranges before Fed’s decision today and ECB meeting on Thursday Jean-Claude Braha The Dollar rose against the Yen on Monday as the Oil price's drop to a three-month low and some better US economic data generated optimism about the economy outlook. But caution ahead of Tuesday's Federal Reserve meeting to decide on US interest rates saw the Dollar ease against the Euro. Analysts said traders were adjusting positions after Friday's gains, which pushed the EurUsd to a five-week... d1a2b930-1d96-41d6-9c1f-b075115be448 Mon, 04 Aug 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-08-04.aspx Dollar rallied last week on better economic data and lower stress in financial markets Jean-Claude Braha The Dollar climbed to five-week peaks against the Euro and three-week highs against the Sterling on Friday as better-than-expected economic data reduced worries about a much sharper slowdown. The Yen gained broadly helped by stress in financial markets on news that General Motors had hefty losses in Q2. That dragged US stocks lower and triggered safe-haven bids for Treasuries. Friday's data... d033fdc2-7697-45b6-b4bd-336606094842 Thu, 31 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-31.aspx FX market focus on tomorrow Non-farm payrolls after ADP report gave a positive picture Jean-Claude Braha The US dollar continued its recovery of the past ten days on Wednesday, helped by very good private sector jobs report for July and ongoing efforts from central bank officials to ease stress in financial markets. But this gain has been limited by a $4 a barrel rebound in crude oil prices after data showed an unexpected decline in US gasoline inventories last week. The Oil rebound, after an 18%... 85720c24-1f3c-4662-aa46-2023aa462e39 Wed, 30 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-30.aspx Dollar rallies to one-month high on Oil drop and Confidence rise Jean-Claude Braha The Dollar soared to a one-month high against a basket of currencies on Tuesday, benefiting from a steep drop in oil prices and an unexpected rise in US consumer confidence. Analysts said Merrill Lynch's announcement late on Monday of yet another write-down and capital-raising exercise also helped support the Dollar, as they raised hopes the turning point in the yearlong credit crisis was... 4efc5ff0-85ba-4fb4-86d0-79a1b26292e0 Tue, 29 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-29.aspx US financial turmoil is worsening but FX market await data later this week Jean-Claude Braha The Dollar eased on Monday amid concern losses at US financial companies will continue to mount and further weigh on the slowing economy, limiting the Federal Reserve's ability to raise interest rates by year-end. Demand for the Dollar fell as Merrill Lynch said Lehman Brothers may post a loss in the Q3 and take an additional $2.5 bio write-down on home loans for the period. The report, which... f72524fb-859c-4b69-8e8d-8844b0143e0f Mon, 28 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-28.aspx Market is looking for direction with lower Crude Oil and better US data Jean-Claude Braha The dollar rose to a one-month high above 108.00 yen on Monday, riding on the momentum gained from better-than-expected US indicators released late last week. Upbeat readings on US durable goods orders, new home sales and consumer sentiment released last Friday buoyed the Dollar by lifting some of the gloom over the US economy. US durable goods orders were up 0.8% in June from a revised 0.1% in... d695285e-83e4-43ae-8b24-2afd8f6664ee Fri, 25 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-25.aspx Dollar was under pressure after disappointing housing sector news Jean-Claude Braha The Dollar fell against the Yen on Thursday, dragged down by disappointing news in the US housing sector and steep losses on Wall Street. However, the Dollar was slightly higher against the Euro, which came under pressure as soft data cooled expectations of higher euro-zone interest rates. The Ifo report followed data showing declines in manufacturing and service sector activity in France,... 2971285e-dd34-4d34-9751-55d5e9d115fe Thu, 24 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-24.aspx Dollar rallied on Wednesday supported by drop in Oil prices and improved confidence in financial sector Jean-Claude Braha The Dollar rallied to a one-month peak against the Yen and a two-week high against the Euro on Wednesday, supported by a further drop in Oil prices and improved confidence in the US financial sector. Oil prices, which are trading more than $20 below this month's record peak of $147.27, continued their decline on Wednesday following the release of US crude inventory data, giving the greenback a... 30c463d8-afd2-4f77-b333-07d8e3d00c34 Tue, 22 Jul 2008 00:00:00 GMT http://www.ac-markets.com/forex-news/forex-2008-07-22.aspx Forex market believe the worst of the problems in the US financial system are not yet over Jean-Claude Braha The Dollar fell near a record low against the Euro as investors believe the worst of the problems in the US financial system are not yet over. While the Dollar has recovered somewhat after better results than expected from big financial institutions such as Citigroup, JPMorgan Chase and Bank of America, investors are awaiting more earnings reports this week. The Euro may gain against the Yen as...