Currency Market Updates

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	Currency Market Updates

ryder99

5-19-2009 7:24 AM

207 views

tags:

global trading, currency market updates

ryder99 says:

The feel good factor returned to global trading with news from the UK government selling debt, better trading in US and AUD trading up.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/30bf950e-4187-41d8-b5c7-ad9b631e7074/50AD3F92-E881-4FA9-BC59-48D7D4E48FB1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://currenciesdirect.wordpress.com/" href="http://currenciesdirect.wordpress.com/" style="font-size: 11px;">currenciesdirect.wordpress.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><H1><A href="http://currenciesdirect.wordpress.com/">Currency Market Updates</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><H2 id="post-669"><A rel="bookmark" href="http://currenciesdirect.wordpress.com/2009/05/19/feel-good-factor-returns/">Feel good factor returns</A></H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><P>Overnight the UK government has hinted it may look to sell a portion of  the debt it has taken on in the UK banking sector this has seen sterling surge 2 cents against USD to levels not seen since December 2008.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><P>We then got ‘reasonable’ numbers from the US including strong trading performance from Lowes, a major company whose business is directly related to the house building industry. Financial stocks added to the positive sentiment following news that Goldman Sachs, Morgan Stanley and JP Morgan had applied to the Treasury for permission to repay their TARP borrowings.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><P>Other overnight news includes China reducing their growth forecasts and instructing domestic steel producers to cut production immediately – they are currently churning out 25-30% more steel than they can use or export causing inventories to pile up.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/currenciesdirect.wordpress.com/img/25280FA8-F218-4653-A6DC-05235BB7370D" alt="Currencies Direct & Forex trading" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currenciesdirect.wordpress.com/"><P><EM>Receive daily currency rate updates and market commentaries direct to your e-mail daily <STRONG>FREE </STRONG>from<A  href="http://www.currenciesdirect.com/?Ref=2041" rel="#someid1"><STRONG><EM><SPAN> Currencies Direct</SPAN></EM></STRONG></A></EM></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/50AD3F92-E881-4FA9-BC59-48D7D4E48FB1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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