Forex markets - in particular risk trades - are all getting hit hard.  USDJPY just broke through the 93.54 level - low from March - and fell like  a rock to a low of 92.74.  There is a report circulating  in…

The Yen crosses have also move sharply lower.  The EURJPY,GBPJPY and AUDJPY all broke below the trendlines from Jan/Feb 2008 lows.  There was a brief rally off the IMF news, but since the market reversed, the crosses have been hit…

The G8 officials said the dollar was not discussed at the meeting and despite the better IMF data, the stock market sold and money has entered in to the treasury market.  Riots in China are also helping the flight out…

The rising of the global growth has given the risk currencies a boost as the initial reaction is higher stock prices.  The 2010 growth outlook was revised to +2.5% from 1.9% prior estimate.  They forecast a rise in US growth…

   RAISES 2010 GLOBAL GROWTH OUTLOOK TO 2.5% VS 1.9% IN APRIL EMERGING MARKETS VULNERABLE TO SLOWER GLOBAL GROWTH  CORPORATE BOND MARKETS ARE FUNCTIONING MORE NORMALLY U.S. LOSS RATIOS ON LOANS STILL LIKELY TO KEEP RISING FITS, STRESS TESTS BOLSTERED CONFIDENCE IN U.S. BANKS SOMEWHAT LOWER…

Open Market-July.8.2009