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FOREX VIDEO - New York Session Review - February 23, 2010

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by on 02-24-2010 at 08:56 AM (721 Views)


A double dose of weak U.S. news reports hit financial markets during today’s New York session. A 10-month low in the Conference Board’s U.S. Consumer Confidence Index, coupled with news from the FDIC that their list of troubled banks grew by more than 25% during the last quarter of 2009, extended this week’s Japanese yen rally against European and commodity currencies alike. Two hours later, the EUR/JPY currency pair was 110 pips lower.

Curt Wehrley
FX Bootcamp’s Quantitative Analyst

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