Forex Bull

BANGALORE, India—-Infosys Technologies Ltd. :

The global economic crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares flirted with their biggest one-day fall since the 1987 market crash.

In normal market conditions, I would usually move down to the hourly chart if none of the 4-hour charts were showing any solid trading opportunities. But with the uncertainty of the markets and the increased volatility, I think that sticking to the 4-hour chart is the better play.

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Identifying Trades with DailyFX 10.10.08 (Daily FX)

Yen pairs sold off overnight as risk-averse investors dumped their carry-trades after volatility hit new highs. US and Japanese equity indices fell 7.62% and 9.47%, sparking a record VIX index jump to 64.92.

Fri, 10th of October, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook Yesterday the EURUSD attempted to push higher, topped at 1.3785 but further upside scenario was rejected as the pair closed lower at 1.3599 . Early today in Asian session the pair continue traded softly lower around 1.3560 at the time I wrote this comment. The bullish channel on 4h chart is violated to the downside

SCOTTSDALE, Ariz.—-FiREapps, the leading provider of foreign exchange exposure management software, announced today that it has released new versions of its foreign exchange exposure management software that make it easier for treasurers who rely on Oracle E-Business, PeopleSoft Enterprise or JD Edwards EnterpriseOne to gain automated access to the transaction data they need to calculate their foreign exchange exposure.

The Japanese yen eased back in the morning amidst quiet trading, but subsequently surged amidst a burst of volatility that sent the DJIA and S&P 500 plummeting more than 7 percent.

The US dollar ended the day on a stronger note as an end-of-day selloff in the US stock markets triggered yet another round of flight-to-safety.

The euro held up throughout the European trading session amidst hawkish commentary by European Central Bank Governing Council member Ewald Nowotny. Mr. Nowotny said that Wednesday?s rate cut to 3.75 percent will “ensure that inflation expectations remain anchored” and that it should “not be seen as a first step in a possible series.”