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The BOJ in its emergency meeting announced an expansion of its loan program – a bit of monetary easing. However, the moves were less than expected by the market and traders bought the Yen after having sold it off late last week and to start Sunday’s trading. Currencies sensitive to risk sentiment and global growth faltered, with the US Dollar and Swiss Franc gaining. US stocks slid increasing risk aversion in the NY session. News Provided by CMS Forex www.cmsfx.com Market Analyst Nick Nasad

The US Dollar slid against its major rivals as higher global equities helped to dampen demand for safe-haven currencies like the US Dollar and Japanese Yen. The weakness in the Dollar overnight was also due to the weak data that has come out this week, which has led to increased speculation that Fed Chairman Bernanke may suggest further quantitative easing during his speech on Friday at the Jackson Hole Symposium. News Provided by CMS Forex www.cmsfx.com Market Analyst Nick Nasad

Bernanke outlined what he thinks the central bank will have to do if the economy continues to weaken further. Steps include more quantitative easing or lowering the rate paid to banks to hold reserves with the Fed. Still, he tried to focus on the sustainability of the recovery, and tried to calm fears over deflation. The result was a rally in stock and risk appetite which helped to power higher yielders higher (like the Euro, Aussie) vs. safe-have assets (Yen and Dollar). News Provided by CMS Forex www.cmsfx.com Market Analyst Nick Nasad

The Dollar fell sharply against the Yen and Swiss Franc on weak data from Japan and the US which pressured US yields and made the Dollar less desirable. The Euro was weaker vs. the Swiss Franc as worries emerge over Ireland’s upcoming debt auction and what that could mean for sovereign debt fears. However, the Euro did gain on the Dollar, likely as part of a correction to the sharp gains in favor of the greenback last week. News Provided by CMS Forex www.cmsfx.com Market Analyst Nick Nasad

The Euro slid as Greek bonds came under pressure yet again as there were some worries that Germany will resist the early release of bailout funds for Greece. That gave trader’s angst and they responded by selling Euros. The EUR/USD did find support at 1.33. The Pound meanwhile was a strong performer rallying to just below the 1.55 level vs the greenback on housing prices data. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

The Yen surged on news that the SEC brought fraud charges against Goldman Sachs. The news prompted a sell-off in US equities which heightened the sense of risk aversion in currency markets benefiting the Japanese currency. Also, oil and gold tumbled which weakened the Canadian and Australian Dollars. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Strong data from the Asian session helped set a tone that was bolstered by US equity gains following strong earnings and retail sales data. Commodities were higher as well helping to boost the Australian and Canadian Dollars. The Dollar was weaker against the Euro and Pound on risk appetite as well. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Recap: The Aussie pushed to its highest level against the US Dollar since mid-January as the RBA hiked rates to 4.25%. Greek bonds and credit default swaps came under renewed pressure following the return of European traders from holiday and the EUR/USD fell to the 1.3350 area. The USD/CAD hit parity, the USD/JPY receded on lower US Treasury yields, and the GBP/USD managed to win back its losses from the overnight session. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Tuesday, March 30th, 2010 Recap: Sterling was higher as a result of better data and hawkish comments from BOE member Dale. The Euro after extending yesterday’s gains overnight, fell in NY trading as their were renewed concerns about Greece’s ability to finance its debt on its own and downgrades to prospects for growth in countries such as Germany and Portugal. The greenback rose against the Yen as US yields rose, and commodity currencies after a strong overnight session eased in NY trading as there was some risk aversion. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Tuesday, March 23rd, 2010 Recap: The same concerns about Greece continue to dominate currency markets. The Euro slid overnight but managed to pare its gains as US equities turned higher. The Euro did however drop to a record low against the Swiss Franc. US housing data showed existing home sales down for a third month but the figures were better than expected while a second report showed housing prices in the US sliding in January. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.