Thursday, November 13, 2008

Markets take a tumble.

Global markets once again took a tumble as stock market's around the world retreated on fears of a slowing economy.

I am not sure what they are fearing as clearly global economies are slowing, and no thing is going to change that near term.

Henry Paulson gave quite a detailed speech concerning the $700 mio usd bailout and the market didn't seem to like it very much.

Offshore Usd/Brl is bid way above the implied market as fears of further meltdowns are being built into the market.

To read the entire story CLICK HERE

Good Luck and Good Currency Trading.



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