The Federal Reserve said today that will create a Commercial Paper Funding Facility (CPFF) to help provide liquidity to term funding markets. The Treasury believes this facility is necessary to prevent substantial disruptions to the financial markets and the economy. Initially, the stock market and high yielding currencies reacted positively to the news but then gave back most of their gains once investors decided to take profits ahead of Ben Bernanke speech on the economic outlook and financial markets before the National Association for Business Economics.

Forex reports EUR/JPY Short-Term Technical Outlook (update) Tuesday, 07 October 2008 11:20:31 GMT By David Song, Currency Analyst Fading risk sentiment has certainly pushed the Japanese yen higher against its counterparts, and may continue to strengthen over the following weeks as investors continue to limit their temperament for risk. Full Article

Forex Markets Reward Australian Interest Rate Cut - Who's Next? (Euro Open) Tuesday, 07 October 2008 05:36:22 GMT By Ilya Spivak, Currency Analyst The Australian Dollar rallied to test 0.7300 having traded as low as 0.6985 in US hours as the Reserve Bank of Australia shocked the markets, issuing a full 100 basis point interest rate cut. The market cheered on the announcement: US stock futures rose while Treasuries and the Japanese Yen declined. This sends a clear message to central bankers, opening the door to speculation of coordinated rate cuts in the days ahead. Dow, S&P slip; Nasdaq climbs with Yahoo (Reuters) Thursday, 16 October 2008 13:30 E-mail Print PDF A trader works on the floor of the New York Stock Exchange, October 16, 2008. (Brendan McDermid/Reuters)Reuters - The Dow and the S&P 500 slipped in a choppy session on Thursday, pressured by nervousness that the economy might be sliding into a recession. Read more... Stocks fluctuate as market tries to assess economy (AP) Thursday, 16 October 2008 12:55 E-mail Print PDF Traders work on the floor of the New York Stock Exchange, October 15, 2008. U.S. stocks slid at the open on Wednesday as investors worried that efforts to ease the credit crisis would not avert a recession, overshadowing solid profits from Coca-Cola Co , a bellwether for consumer spending. REUTERS/Brendan McDermid (UNITED STATES)AP - Wall Street remained tense Thursday, swinging between sharp gains and losses as investors examined mixed economic and earnings data for clues about the economy. The Dow Jones industrials, down 380 at one point, later rose more than 100; the major indexes were also seeing wide swings. In afternoon trading, the Dow fell 133.73, or 1.56 percent, to 8,444.18. Read more... CA-CANADA Summary (Reuters) Thursday, 16 October 2008 12:55 E-mail Print PDF Reuters - The Toronto Stock Exchange's S&P/TSX composite index chopped its losses in half at noon on Thursday after falling to its lowest level since November 2004 earlier in the day as jittery investors weighed the risk of recession as commodity prices weakened. Read more... TSX hits lowest level since 2004 (Reuters) Thursday, 16 October 2008 12:55 E-mail Print PDF Reuters - The Toronto Stock Exchange's S&P/TSX composite index chopped its losses in half at noon on Thursday after falling to its lowest level since November 2004 earlier in the day as jittery investors weighed the risk of recession as commodity prices weakened. Read more... Stocks rebound on Yahoo, bargain hunting (Reuters) Thursday, 16 October 2008 12:55 E-mail Print PDF Traders work on the floor of the New York Stock Exchange, October 15, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rallied briefly in volatile trade on Thursday as investors snapped up beaten-down shares, while a report saying Microsoft may pursue a

FXCM News Daily Forecasts Tuesday, 07 October 2008 13:57:39 GMT The U.S. Economy Faces Substantial Challenges Ahead Daily Technicals Tuesday, 07 October 2008 15:40:23 GMT US Dollar Forecast to Decline Against Euro Through Short Term Daily FX Brief - US Open Tuesday, 07 October 2008 10:28:44 GMT Pound Sinks On Rumors of UK Banks Seeking Help, Is A Coordinated Rate Cut Ahead? Daily Fundamentals Monday, 06 October 2008 23:12:29 GMT US Dollar Rockets Higher on Demand for Treasuries, Will the FOMC Minutes Trigger a Sell-off? Top FX Headlines Tuesday, 07 October 2008 10:56:12 GMT Japanese Leading Index Slips to Six-Year Low, U.K. Data Disappoints Currency Crosses Monday, 06 October 2008 21:42:12 GMT Euro Crosses are Mixed Cross Markets Data Reaction Wednesday, 01 October 2008 16:31:52 GMT Forex Seasonality Studies: New Zealand Dollar Rallies in October More Daily Reports