Forex Still Pondering The Snbs

Forex News and Events: Forex markets are broadly moving in a risk on pattern aided by the decent rally in regional Asian indices despite massive event risk looming in the not distant future. USD has come under selling pressure while Gold continues to see exodus from longs dropping the precious metal sharply from $1921 to $1827.57. We wouldn’t put to much value in the recent price action as nothing has changed in the macro environment and more likely seeing a short term correction after a few days of severe risk aversion. The news flow today has been on the light side considering what we have been managing the last few days. News wires are buzzing about a possible $300bn jobs package to be unveiled by US President Obama in his Congressional address tomorrow. The primary means of funding ...