Holding back the crisis - recovery stays!

What a difference a day makes! So to speak, the wild fluctuations from all sides have made the foreign exchange market to move from the opening prices on the Asian sessions, the USD correction from last week, Goldman Sachs troubles with the SEC, leading indicators good numbers, investors confidence for the Euro and the Pounds reactions on inflation. This short summary of reports have made a lot of difference in a single days trading.

Again, a clear example is the Aussie dollar opening prices in Asia from a low of 0.9155 and currently working a t0.9315, the AUDJPY low price of 83.92 and currently working at 86.65. Although, the activities have been more in line with the major players shifting positions from the other major pairs, the rest of the European currencies were not as active and remained within the weeks trading range. With the EURUSD still at 1.3486 and the GBPUSD at 1.5317 ; a slight technical recovery to fill in a day to day opening gap from a low of1.5190 for this early weeks trading.

These wider trading range has been more fundamentally oriented with so much unexpected market movements thhis 1st week of the 2nd trading quarter. Although, the limelight of Goldman's troubles will still be prevailing in the market news as the Obama administration would not allow a disruption of the economic recovery at all cost. Nonetheless, an institutional firms as big as Goldman Sachs has showed a detrimental effect on the market let alone as the SEC tries to redeem itself and its reputation from the previous crisis. We would not discount the possiblity of a back door negotiations from hereunto but will be at a very discreet level.

There will be no additional disruptions to the US economic recovery, not that the governments long standing claim that it would do everything to come out of this crisis more than ever. With the SEC divided as to pursuing its case with Goldman; already shows the after-thought of some democrats and SEC officials withholding their decisions to this point. But some other companies such as AIG would pursue such claims.

For now to be able to trade the market with such conditions would be difficult as so many factors are involved. And for the time being allow the market to move to its own direction while increase in risk appetite has slowly grown higher with these news.