Mid-Day Forex Technical Report - Dollar and Yen Surge as Global Stocks Tumble |
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Action Insight Mid-Day Report Dollar and Yen Surge as Global Stocks Tumble Risk aversion remains the main theme in the forex markets in early US session. Investors panic of deepening of global credit crisis. Dow opens sharp lower and falls to new three year low below 10100 level following weakness in European and Asian stock markets. MSCI Emerging Markets Index dropped most since 1997 while MSCI World Index lost 2.5%. Fed said it will double its auctions of cash to as much as $900b and is
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