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news of the day

Broke

Title: Gold rises nearly 2 percent on Greece bailout optimism
(Reuters) - Gold prices rose 1.5 percent on Tuesday for their biggest daily gain in two weeks, as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro. Bullion, which had dropped in early trade on nervousness about Greece, rebounded to snap two days of losses as Greece's government was preparing a list of reforms needed to clinch a new financing package. Hopes for a bailout plan that would move Athens closer to avoiding a chaotic debt default ...

Title: Corporate results, Greece hit European shares
(Reuters) - European shares fell on Tuesday, on track for two days of losses, as talks in Greece on a second bailout continued and after some company earnings including UBS (UBSN.VX) and Alfa Laval (ALFA.ST) reflected a slower growth environment in Europe. Investor sentiment fell as Greek leaders faced crunch talks to secure a fresh bailout package and avoid a messy default, which could cause havoc in the financial markets, although European shares were holding above a major resistance level. " ...

Title: Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)
EUR/USD Has regained some ground after yesterday’s weakness was contained at key near-term support and range floor at 1.3025. The downside remains vulnerable, as long as key barriers at 1.3200/32 cap the upside. This morning’s fresh strength probed levels above bear-trendline at 1.3160, however, sustained break here is required maintain fresh strength off 1.3025 for possible attack at 1.3200/32. Hourly studies are turning positive, with 20 day SMA at 1.3110, underpinning. On the downside, break ...

Title: SunBirdFX Daily Market Analysis : 02/07/2012
www.sunbirdfx.com The US stock markets opened the trading week in the red territory as the indices shed 0.10%. The hesitated opening for the trading week might indicate that the investors are getting prepared to the expected correction, though the stock might make another bullish session before the correction. GOLD The precious metal made an impressive rally since the beginning of the year and it looks like it became attractive again among the investors after rough fourth quarter in 2011. The ...

Title: YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News: Today's highlight; · Fed Chairman Bernanke Testifies. (US, 15:00, GMT) The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising. Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...

Title: Technical analysis of the EUR/JPY pair on February 7th, 2012
Commentary of the EUR/JPY pair : The pair EUR/JPY has faked yesterday the breakout of 100 and is now going to test the resistance at 101. On the short term, the pair got out of its bearish channel (black lines). The pair is still moving above its long term bullish slant (purple line). Indicators are mitigated. We stay neutral on the pair between 100 and 101. We advise to wait an exit of this range to take position: - Long if 101 is broken. The breakout of 102 will give a new buy signal - ...

Title: Technical analysis of the GBP/JPY pair on February 7th, 2012
Commentary of the GBP/JPY pair : The pair GBP/JPY broke yesterday a strong resistance at 121, giving us a buy signal. The pair is still moving above its bullish slant (purple line). All indicators are bullish. We continue to advise long positions as far as 120.50 is support. The breakout of 121.85 will give a new buy signal and open the way towards 122.50. In case of return below 120.50, we will wait the breakout of 120 to advise short positions. See the previous analysis of the GBP/JPY ...

Title: Euro softer on Greece; Aussie jumps on RBA surprise
(Reuters) - The euro nudged lower on Tuesday in Asia, though most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day. The Australian dollar jumped a full cent to a six-month peak at $1.0812 and reached a record high on the euro after the Reserve Bank of Australia in a surprise move kept interest rates steady at 4.25 percent. Failure to secure the 130 billion euro ($170 billion) rescue for ...

Title: Technical analysis of the USD/JPY pair on February 7th, 2012
Commentary of the USD/JPY pair : The pair USD/JPY continues to move on the resistance at 76.65. All indicators are bullish. We are neutral on the pair between 76.50 and 76.80. We advise to wait an exit of this range to take position: - Long if 76.80 is broken. The breakout of 76.96 will give a new buy signal - Short in case of return below 76.50. The breakout of 76 will give a new sell signal. See the previous analysis of the USD/JPY pair of February 6th, 2012 USD/JPY Analysis



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