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Fundamental Analysis EUR "The world needs a strong leadership role from Germany today, and it is Germany’s core interest to provide such a role" - Christine Lagarde, IMF managing director International Monetary Fund managing director Christine Lagarde warned on Monday that the global economy could slide into a “1930s moment” if Europe does not solve its fiscal problems, and said Europe’s largest economy must contribute more money to avert financial collapse. USD "It’s been a brisk run in risk assets this year" - Stephen Wood, chief market strategist at Russell Investments U.S. stocks closed mixed on Monday as investors debated whether a three-week rally in equities was warranted. GBP "We believe the risks to current 2012 profit forecasts are more evenly balanced than implied by ...

Dukascopy Fundamental Analysis EUR German court ruled in favor of Apple in the global lawsuit against Apple regarding the technological patents. The court also announced that Samsung will have the opportunity to appelate the court's decision; however, the company has not yet decided Whether the apellation will be submitted. USD Stock futures traded neutrally on Friday, as the company results were awatted by investors. GE and Google Inc. were in the spotlight after rather sisappointing bottom line results presented recently. GBP Office for National Statistics released the UK retail sales data - the sales volumes increased by 0.6% in November-December. The y/y change of retail sales was +2.6%, indicating a decent growth. November retail sales figure was revised to -0.5%. CHF The official ...

Dukascopy Fundamental Analysis EUR Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in the first months of 2012 but strengthen later fuelled by increase in employment, and stronger growth. Domestic consumption is predicted to surge 1.1% this year compared to 2.2% in 2011. USD Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate ...

Dukascopy Fundamental Analysis EUR Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January. USD Goldman Sachs reported a profit drop of 58% today, and the fall in revenues was followed by a deep cut in employee compensation. Q4 net income slid to USD 1.01B, or $1.84 per share. The employee compensation was reduced by 21%, and the international growth was boosted in order to gain more revenues for trading. GBP UK unemployment increased by 118 000 during three months until November, Office for ...