Financial Crisis and Housing

Trade the USD Today’s financial crisis intensifies Can the federal government continues tripping The volumes fell sharply in the beginning of the session Night view high volatility is estimated The dollar will probably weaken All For Tuesday times EASTERN (-4 GMT) 8:30 am, the USD Core CPI m / m 8:30 am, the USD CPI m / m 9:00 am, the USD TIC Net Long-Term Transactions 10:00 am, Paulson , U.S. Treasury Secretary speak 1:00 pm, the USD NAHB Housing Market Index 2:15 pm, the FOMC statement 2:15 pm, American interest rates Summary Today was a notable day in the market most Wall Street shares tumbled, given the prevailing panic by the crisis of Lehman Bros. Bank, and the speculation surrounding the insurance giant AIG. The question is, “the Fed will be involved?”. It is noteworthy that a barrel of oil reached the area of $ 100, and ended the day at the $ 95 area. Analysts welcomed the drop in oil, but would have to see to what extent is a financial panic liquidation. The greenback suffered great volatility during the last 24 hours, and greater volatility will continue, as they continue negotiations behind closed doors to rescue the financial market.

At day’s end, the greenback saw mixed results, was observed against the GBP and the EURO, but lost ground against the Yen and Swiss Franc. After the panic and settlements in Asia, the dollar then stabilized, and trade in narrow ranges during the New York session. Operating volumes were low and await more economic data to be published. The maximum record book in the area of 1.8130 overnight, and then fell in the area of 1.7900 during the day, it is estimated that the GBP will continue with short-term volatility. The Euro recovered during the Asian session and reached highs in the 1.4482 area, and then fell, ending day in the area of 1.4200 in New York after minimum in the zone of 1.4083, as the panic spreads.

Following speculation that the Fed will cut interest rates tomorrow, helped keep the greenback. In my view, what happened today in the market and the volatility seen, occurs every 25 years. Operators should use this volatility wisely, but if the financial crisis continues, must be cautious. It is advisable to buy GBP and EUROS lower, the USD will remain in low especially against the JPY in my opinion. For more information go to