In the begining

October 12th. Hello everybody, hope you are fine! These last weeks market chaos, has seem to reached a top pike last Friday, when despite speeches, global coordinate rate cuts, and bailouts plans, stocks around the world continue falling heavily, with greenback and Japanese yen the over all winners across the board. Yet the announcement of a 5 point plan of action from the G7 (that meet in Washington  during the weekend) and an  agreement by Euro zone leaders in Paris to bail out their banks as needed both helped to lift market confidence that action is being took to resolve the credit crisis. Although this is only the beginning, as no action has been taken yet, greenback is mostly lower from Asian opening particularly against Euro, Gbp, and commodity currencies.  
Today we have a Bank Holiday in the U.S. and Canada, and for the rest of the day, we have no fundamental news to take […]

Original post by Valeria Bednarik

This entry was posted on Monday, October 13th, 2008 at 4:33 am and is filed under Starting the day. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.