Sunday, August 31, 2014

Asian Markets fall at the beginning of the session

The tensions between Russia and the Ukraine keep rising, this time Ukraine’s president is announcing that a full war is imminent if Russia does not stop sending troops across the border to help the Pro-Russian rebels. This has caused risk aversion to come into the markets and the Asian markets have opened to the downside. The Yen loses more ground versus the Dollar as well as the Euro. The Euro keeps falling versus the greenback and it is very close to reaching the 1.3100 level. So far, the EUR/USD is at one year lows.


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3 comments:

  1. AnonymousSep 1, 2014, 4:14:00 AM

    Thank you for the analysis i'll keep an eye on USDJPY.

    ReplyDelete
  2. UnknownSep 1, 2014, 6:50:00 AM

    I often trade USD/JPY and EUR/USD, so thank you for the helpful analysis.

    ReplyDelete
  3. AnonymousSep 1, 2014, 4:00:00 PM

    Good point, I want to be watching developments hoping tensions to weaken.

    ReplyDelete

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