The News Review:

- FREX-Yen soars; risk aversion rises on economic worries
- FREX-Yen climbs broadly; dollar steady vs euro
- C&C Sees ’10 p Pft Boosted By Weather Forex
- worldmarketsguide Preview: Stocks Downtrend Forex Commodities …

FREX-Yen soars; risk aversion rises on economic worries
Reuters
Gains in the yen accelerated after it broke through keytechnical levels traders said. Investors reversed trades wherethey had borrowed in yen to buy higher-yielding currencies. “It’s a risk-driven market and risk is in the process ofbeing unwound” said Brian Dolan chief currency strategist atForex. com in Bedminster New Jersey. “That’s hitting the yen crosses and carry trades are undersignificant pressure” he added.

FREX-Yen climbs broadly; dollar steady vs euro
Forbes
html”}); LNDN July 8 (Reuters) – The yen climbed broadly onWednesday as the recent optimism on the global economy continuedto dissipate prompting investors to shun perceived riskierassets as stock markets fell. The dollar also gained against currencies such as theAustralian dollar and sterling which typically fall in times ofheightened risk aversion. The euro was steady against the greenback however edgingperiodically into positive territory after data showed Germanindustrial output rose by 3. 7 percent during May more thanforecast and the strongest gain since August 1993. Concerns in the wake of grim U.
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C&C Sees ’10 p Pft Boosted By Weather Forex
Wall Street Journal
) DUBLIN (Dow Jones)–Irish drinks company C&C Group PLC (CCR. DB) Wednesday said cider sales benefited from good summer weather and the euro’s relative weakness against the British pound which boosted revenues. In a trading update the group said both these factors will help it post operating profit at the upper range of EUR77-EUR82 million for fiscal 2010. “Assuming the current strength of sterling continues it will.

worldmarketsguide Preview: Stocks Downtrend Forex Commodities …
Seeking Alpha
Forex commodity markets continue to follow stocks fall also. However safe-haven currency pairs begin up trends. Introduction While there is debate over what precise criteria define a trend most would agree that a sequence of three lower highs and lower lows on a daily chart can be called a down trend. Tuesday’s trading on the daily candlestick chart of almost any major stock market shows the same basic picture a significant drop over 1% that makes the third lower high and lower low creating a downward sloping trading channel. Until yesterday almost every stock commodity and currency market was in a horizontal trading channel for the past 4-6 weeks (depending on the instrument clearly they were approaching and testing support.