Results for gm
2 articles with this tag name
  • The markets opened the week with a massive liquidation of risk as yen soared across the board with USD/JPY gaining 200+ points before finally finding some support at the 9600 level. News of the possibility of a GM bankruptcy hit the markets hard with Nikkei dropping -390 points for the day. One key concern for investors, aside of from the natural economic fallout of the failed automaker is the impact of a potential GM bankruptcy on major money center banks. The teetering automaker carries $300 Billion worth of debt and it is unclear as to how much of it will need to be written off should GM file for Chapter 11. As a result European banks such as Deutsche Bank and Commerzbank were sold heavily at the start of Frankfurt trade.
    Tags: usd, gm, jpy, bankruptcy, banks
  • Capital flight has driven the US dollar higher. On a day when President Obama signed the Economic Stimulus Package into law, the banking turmoil in Europe and the resignation of Japan’s Finance Minister has turned investors away from other major currencies. Even though the greenback is yielding next to nothing, investors are willing to park their money with the US government as long as they keep it safe. The lack of negative game changing news from the US has been very positive for the US dollar. The greenback and gold prices have been moving in tandem since January 14th. This unusual correlation is actually sending a strong message to currency traders.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
NZD/USD
Medium term



Buy Buy at .6912
Stop at 0.6882
Target at 0.6958
EUR/GBP
Short term



Buy Buy at .9021
Stop at 0.9007
Target at 0.9053
GBP/JPY
Medium term



Sell Sell at 139.2700
Stop at 140.39
Target at 137.58
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3740
  • 1.3774
  • 1.3736
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.5165
  • 1.5195
  • 1.5159
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.70
  • 90.80
  • 90.61
USD/JPY
5 min chart
  • OIL
  • up
  • 80.74
  • 81.02
  • 80.72
CLJ0
5 min chart
  • GOLD
  • down
  • 1104.0
  • 1104.9
  • 1102.3
.GOLD
5 min chart
  • US Stocks
  • up
  • 10593
  • 10627
  • 10586
.US30
5 min chart
  • UK Stocks
  • up
  • 5618.3
  • 5632.3
  • 5614.8
.UK100
5 min chart
  • DEM Stocks
  • up
  • 5932.2
  • 5947.2
  • 5924.0
.DE30
5 min chart
  • JP Stocks
  • up
  • 10731
  • 10801
  • 10716
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3740
  • 1.3774
  • 1.3736
5 min chart
  • GBP/USD
  • up
  • 1.5165
  • 1.5195
  • 1.5159
  • USD/JPY
  • down
  • 90.70
  • 90.80
  • 90.61
  • USD/CHF
  • down
  • 1.0598
  • 1.0600
  • 1.0579
  • USD/CAD
  • up
  • 1.0174
  • 1.0175
  • 1.0164
  • AUD/USD
  • up
  • 0.9140
  • 0.9177
  • 0.9133
  • NZD/USD
  • down
  • 0.7016
  • 0.7035
  • 0.7006
  • USD/MXN
  • down
  • 12.5485
  • 12.5492
  • 12.5485
  • EUR/JPY
  • down
  • 124.62
  • 124.96
  • 124.54
  • GBP/JPY
  • down
  • 137.54
  • 137.83
  • 137.46
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 80.74
  • 81.02
  • 80.72
5 min chart
  • GOLD
  • down
  • 1104.0
  • 1104.9
  • 1102.3
5 min chart
  • SILVER
  • down
  • 17.044
  • 17.144
  • 17.033
5 min chart
  • US500
  • down
  • 1145.9
  • 1150.1
  • 1144.9
5 min chart
  • UK Stocks
  • up
  • 5618.3
  • 5632.3
  • 5614.8
5 min chart
  • DEM Stocks
  • up
  • 5932.2
  • 5947.2
  • 5924.0
5 min chart
  • JP Stocks
  • up
  • 10731
  • 10801
  • 10716
5 min chart
  • AU Stocks
  • up
  • 4799.5
  • 4835.0
  • 4797.5
5 min chart
Data source: GFT

FX NEWS ALERTS

Receive daily forex commentary, technical analysis reports and potential strategies from Kathy Lien, Boris Schlossberg and their team of technical analysts.
  • Your first name:
  • Your last name:
Your email address:


close
Just a few more things...
Your city:
Your state / province:
Your country:
Your phone number:

Country Code Area / City Code Phone Number
close
One last step: choose your alerts.
Top stories in financial news, recent data releases and upcoming events to look out for, detailed technical analysis and potential strategies for major currency pairs. Four to five emails daily.

Analysis and key outcomes of recent market movements and news announcements with a forecast for upcoming market activity. Five to seven emails daily.

close
Thank You for Subscribing to FX News Alerts!
Based on your request, you will receive daily alerts and/or commentary via the email address you provided.
Please note that you may receive other information, including but not limited to free reports, promotional offers and other related communications.

CENTRAL BANK RATES


What is social bookmarking?

Social bookmarking refers to a method you can use to store, organize and manage bookmarks of web pages that interest you. These could be news articles, movie reviews, places you want to visit — any type of web page. The main advantage is that unlike traditional Internet bookmarks that are specific to one computer, you can use social bookmarking to add and access bookmarks from any computer with an Internet connection.

Another benefit of social bookmarking is the ability to share web pages with friends, family or anyone who has similar interests. Likewise, you can visit the pages that other social bookmarkers share with you.

All pages within our website include links to social bookmarking websites. These websites are free to use and require only a simple registration. This allows you to capture useful information you find on our website and share it with other traders like yourself. Your GFT bookmarks can become a reference if you have a question, want to revisit a concept that you found valuable or would like to tell someone about GFT.

Learn more and get started at Reddit, Digg, Del.icio.us, Google and Yahoo.