The index yesterday scored an impressive day of gains and preferably a day climb back its registered in two months as risk aversion with a vengeance. China's surprise walk sent the Dow below the 11,000 level, crude soil moisture more than 4% and gold breached $measurement as risk aversion on the rampage was. A hike in China heroes often investors because you fear will lead any slowdown in a slowdown of the world economy as China applies the brakes on its economy. With the global economy in such a delicate State as it climbs out of the recession fears play out in a massive avoid risky assets. The dollar, however, is considered and managed these movements benefit a so-called safe haven. Meanwhile comments specified later in the day by some fed members, once again, further quantitative easing measures uninsured are giving an extra boost of the dollar. Looking ahead, while we the prevailing trend certainly a risk averse one on global macro events to be, we watch a few smaller events, for expect today. First, the Bank of England his minutes from the latest rate decision releases, to better indicate the delicate balance of the Mediterranean partner countries should give. Later in the day we have the Fed beige book and fed Lacker speaks fed events on Economic Outlook as we said yesterday and talk for information on QE2 carefully should be observed. Written by Jonathan Granby, research will be added team if you want to keep Joel reports in a more appropriate Mode-e-Mail-jskruger@fxcm.com and DailyFX to the distribution list. If these or any other topic-feel free to out forum visit want to discuss.DailyFX provides Forex News on economic reports and political events that influence the currency market.
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