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Regional stock markets in for a tough day

By   || July 2, 2009 at 23:15 GMT
|| 4 comments || Add comment

The FX market will be watching the Nikkei and Kospi closely when they open in a little under an hour. The almost 3% falls on Wall Street and in the oil price was reminiscent of the bad old days last October/November and the subsequent thin and illiquid markets was another reminder. Any sign of panic selling on stock markets will see pairs like EUR/JPY and AUD/JPY come under some severe pressure.

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4 Responses to “Regional stock markets in for a tough day”

  1. Burt on July 2nd, 2009 23:58 GMT

    Hi Sean
    I am still lost when it comes to intrest , on long Aud / Usd per 10,000 how much should you gain in pips per day ?

  2. Sean Lee on July 3rd, 2009 00:06 GMT

    A lot depends on your broker Burt but I would think you should get about 0.5pips per day.

  3. Burt on July 3rd, 2009 00:13 GMT

    no wonder I kept looking for more hardly worth the time , I bailed out of my Aud ,seen enough .

  4. Michael Miller on July 3rd, 2009 01:40 GMT

    Long, baby lonnnnnnng!

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