Asian Session: its gloom and doom around the world, Asian equities suffer record losses, back to the lows – risk appetite no where to be found.

G10 Advancers and Decliners vs USD

JPY
1.489

CHF
-0.164

EUR
-0.700

GBP
-1.291

The headlines are far from comforting this morning. While currency price action is somewhat subdued global markets suffered a huge blow yesterday, momentum that has carried on into the Asian and European opening today. Futures, stocks, commodities are all sharply lower with the Japanese Nikkei 225 down a massive 7% this morning on continued widespread pessimism in the global economy. The critical…

Original post by Philippe Meyer

This entry was posted on Thursday, November 20th, 2008 at 3:40 am and is filed under Daily Forex Analysis. 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.