Friday, October 2, 2009

Starting the day

Hi everybody and welcome! Monday again, and some risk aversion is seen since early Asian opening, with stocks down, losing some key level we are going to see in a few minutes, and gold contained under $ 1000/oz. Majors seem to have find a top against greenback, and movements are developing with different strength across the board. Mostly consolidating this morning, Yen strength, that reached the 88.20 zone early Asia, also points for more risk related movements. The currency has rose strongly against major rivals, reaching multi months lows, and rebounded quite strongly from there. Still not bottom seem at this point. Anyway, here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

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