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Bearish Gap Which Is CurrentlyTitle:
Currencies and commodities attempting to regain, USD backs off briefly
The clock is ticking ... tick-tock ... tick-tock; the leaders of France and Germany told Greece on Monday “time was running out”, a deal should be done to reduce spending and progress with the needed budget cuts as the country is grappling with time, the austerity measures should be agreed upon today for Greece to be granted the second bailout of 130 Billion Euros. However, no news so far, we are still waiting.
One Greek official denied that the Greek parities involved in these negotiations ...
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Greek deal hopes support euro; yen near 3-month high
(Reuters) - The euro rose against the dollar on Tuesday, supported by expectations that a Greek debt restructuring deal could be clinched soon to help avoid a messy default, while a resurgent yen kept alive the risk of intervention by Japanese authorities.
The dollar extended its recent losses against the yen to hit a three-month low, under pressure after the U.S. Federal Reserve said last week it was likely to keep interest rates near zero at least until late 2014.
The euro got a lift after ...
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Higher yielding currencies surge, filling the weekend's bearish gap
In anticipation for the Greek issue’s developments, the Euro/Dollar pair rallied this morning as traders printing a new high at 1.3007(Market Price) after surpassing yesterday’s high at 1.2985. The pair opened the trading session with a bearish gap at 1.2877 after closing last week at 1.2929; however it quickly recovered the losses. The current rally is an extension of the relief rally that was trigger after bottoming at 1.2625 which was trigger by the series of encouraging data from auctions ...
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Euro rebounds before France auctions debt
Euro rebounds against majors, except the yen, with some hopes in markets, following successful bonds selling in Italy and Spain last week, before France auctions debt.
Meanwhile, there are some hopes that an improvement in the French auction would overshadow the bearishness after S&P cut to several euro area economies, including the AAA-rated France and Austria.
France aims to auction 8.7 billion euros at 3 p.m. Paris time today, yet the euro remains under pressure as the European Financial ...
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Crude falls on economic woes, jobs data awaited
(Reuters) - Crude oil futures fell on Thursday as investors focused on signs of further economic slowdown in Europe and a weaker factory sector in China rather than strong U.S. manufacturing data and a move by global central banks to stave off a credit crunch.
First-time filings for jobless benefits in the United States, the No. 1 oil consumer, rose to their highest since late October, also pressuring crude futures.
Concerns over an immediate loss of Iranian crude eased. While European Union ...
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YouTradeFX Daily Market Analysis : 25/11/2011
Fundamental News:
Today’s highlights:
• BoJ Governor Shirakawa Speaks (JPY, 05:00 GMT)
Singapore-based director of sovereign ratings at S&P, Takahira Ogawa, said in an interview yesterday that Japan’s finances are deteriorating. S&P rates Japan at AA- and has had a negative outlook on the rating since April. Japan’s benchmark 10-Year Yield bond yields increase above 1 percent, poised for the biggest weekly climb since January, as fear grows on the fact that the government will be unable to ...
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Strong German Data but PMIs Point to Lower EU Growth
Yesterday's data from Germany was on the positive side but disappointing PMIs from Europe point to a recession in the euro zone.
Economic News
USD - US Data Trending Higher
Mixed US data was released on Wednesday which paints a varied picture of the US economy. Q3 GDP data was revised lower at 2.0% from 2.5%. Also US durable goods orders fell by -0.7%, though the number was above consensus forecasts of a decline by -1.1%. Core durable goods orders were well above forecasts, rising by 0.7% on ...
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Brent weakens as demand outlook weighs
(Reuters) - Brent crude fell below $111 per barrel on Wednesday, dented by worries on the euro zone debt crisis and the demand outlook after Moody's Investors Service cut Spain's sovereign rating.
Brent crude fell 49 cents to $110.66 a barrel at 0856 GMT, after slipping as low as $110.32. U.S. crude slipped 7 cents to $88.27 a barrel.
Moody's said on Tuesday the two-notch downgrade was partly due to the challenge Spain faced in meeting its fiscal target because of the region's worsening growth ...
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Uncertainty continues after European Finance Chiefs' Meeting
The jittery situation remained in markets after the European Finance Chiefs' meeting in Luxembourg and today's earlier comments referred to the private sector participation in Greece's second bailout.
Investors are still worried that Greece may face a default on its debt obligations as the worsening outlook, buoyed by strong contraction, high unemployment and huge budget deficit, will push the country into a disorderly default.
Greece announced on the weekend that it will not be able to meet ...
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