There are few - if any - viable range trades in the currency market as panic has generated volatility in every corner. Therefore, in looking for a pair with some level of stability, I have come across CHFJPY.
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Swiss Franc / Yen (CHFJPY) Pair May Offer Buffer To Volatility (Daily FX)
Fundamental Outlook for British Pound: Bearish - British Pound Tumbles as Bank of England Cuts Rates, UK announces bailout - Worst stock market crash in recent history sends the risk-sensitive GBP reeling - Interest rate and technical outlook point to further pound losses
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British Pound Could Bounce, but Long-Term Forecast to the Downside (Daily FX)
The Group of Seven issued a joint statement following its meeting in Washington DC addressing the ongoing financial crisis. The text is copied below.
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G7 Issues Joint Statement On Addressing Financial Crisis (Daily FX)
Risk aversion spreads, leading to the worst market downturn in recent history. Will the carry continue to plunge and dollar sustain its rally next week
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Fear Keeps Forex Market Under Pressure, Risk Will Carry Into Next Week (Forex Video) (Daily FX)
The dollar rose sharply Friday against all major currencies except the yen as investors continue to seek safety and cut risky positions.
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Dollar gains as global equities keep sinking (AP)
The Japanese yen gained quite a bit during the Asian trading session, but simply consolidated for much of the European and US trading session, suggesting the currency may be a bit overbought.
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Japanese Yen Trades Choppily As Financial Markets Remain Extremely Volatile (Daily FX)
The British pound held to a range of 1.6900 - 1.7150 on Friday, holding up fairly well versus the dollar compared to currencies like the euro, which plunged.
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British Pound Consolidates Massive Losses - Recovery in Store? (Daily FX)
The euro hit the lowest levels in over a year before finally hitting support at the 6/13/07 low of 1.3263. Indeed, fears of a financial market meltdown drove the US dollar higher across the majors as the G7 failing to announce significant commentary during the day.
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Euro Plummets On Fears G7 Will Not Find Solution (Daily FX)
Flight-to-safety triggered major gains for the US dollar on Friday, as volatility remained exceptionally high in the market.
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US Dollar: Will We See A Reversal Early Next Week? (Daily FX)
The price action in the equity markets today was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold off again by another 600 points before recovering most of its losses by the end day. The volatility that we have seen
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The Case for a Bounce
