I’ve never been so happy a weekend has arrived.  Before that weekend starts, let’s take a look at the 1,000 point intraday swing in the Dow and other insights from the intraday trading for October 10, 2008.
$INDU 5-minute chart:

Folks, a 1,019 point Dow intraday range is nothing to sneeze at - it is absolutely remarkable […]

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GFT Daily Market Commentary
The US stock markets are in a free fall, the commodities are crushing and the adversity to risk are taking the carry trades lower. Amid this unprecedented crisis, the major currencies continue to have a divergent behavior. The dollar should decline against the yen and advance versus the European currencies. The […]

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Yen headed for weekly gainThings are looking pretty good for the Japanese yen forex trading forecast. Yesterday, the yen was struggling a bit in currency trading, but that all changed yesterday afternoon as the U.S. stock market plunged and risk aversion became a Big Thing again.
Right now, the yen is headed for a weekly gain […]

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Sterling savaged on the FX marketAs the financial crisis continues, and investors give in to panic, things are getting hairy in all the financial markets. On top of the issue surrounding the economy, though, things are further being complicated by the dispute between the U.K. and Iceland with regard to financial assets.
Bloomberg offers a look […]

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Loonie down in currency trading on the FX marketAmidst all the economic turmoil and the financial market meltdown, the U.S. dollar is seeing a resurgence in forex trading. The loonie is especially hard hit in currency trading on the FX market.
Right now, as commodities waver in the financial market, and as investors head to the […]

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Greenback up against the euro in forex tradingIt’s been a bit of a wild ride. Okay, it’s been a lot of a wild ride. And we’re not done yet. Even with frantic efforts by various governments around the world to stem the rising tide, things seem to get worse.
As global markets decline, the U.S. […]

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Forex trading with Asian currenciesOne of the issues with the South Korean won in currency trading on the FX market has been its rather remarkable drop in recent weeks. It has been said that speculators have been driving the won down in FX trading.
Things are changing in favor of the won, however. The government is […]

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I thought it might be helpful to look back since 2000 to show the two previous times the Dow Jones Index was down seven consecutive days in a row.  The next two charts show the before, during, and aftermath of these instances for you to see for yourself.
The first time it happened since 2000 was […]

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Just when you thought it was safe to enter the market.  Also, “what a difference a year makes.”  Exactly one year ago, the S&P 500 and Dow Jones made all-time highs… one year later, we’re making fresh and significant five year lows.  Let’s look at the S&P and the XLF Financial Sector on weekly charts.
S&P […]

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GFT Daily Market Commentary
The dollar continued its divergent behavior on Thursday, surging against the European currencies and declining versus the yen, as de-leveraging continued.  The euro suffered the brunt of the losses, after ECB President Trichet was a bit more dovish than expected and admitted that policy makers had discussed cutting interest rates.  Given the […]

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