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Euro Is Likely To EnjoyTitle:
Euro softens as Greek deadline looms
(Reuters) - The euro took something of a hit on Monday as Greek coalition parties dithered on approving the terms for a new bailout with a deadline just hours away.
Greece's coalition members must tell the European Union by noon on Monday (1000 GMT) whether they accept the painful terms of a new bailout worth 130 billion euros in order to avoid a disorderly default, with euro zone ministers postponing a meeting planned for Monday due to the delay in Athens.
"There are so many hurdles before ...
Title:
European shares steady near six-month high, miners up
(Reuters) - European shares steadied after hitting a six-month high on Thursday as strong gains in miners on merger talks between Xstrata (XTA.L) and Glencore (GLEN.L) were offset by a sell-off in defensives, with Unilever (ULVR.L) down on poor outlook.
Although recent encouraging macroeconomic numbers had increased optimism that this week's U.S. jobless claims and nonfarm payroll numbers would surprise on the upside, some investors positioned themselves for a setback. Societe Generale ...
Title:
The Weekly Bottom Line : 28/01/2012
The Weekly Bottom Line : 28/01/2012
HIGHLIGHTS OF THE WEEK
United States
The Federal Reserve committed to keep rates on hold through the end of 2014 this week, while today's Q4 GDP released underscored the fragility of the economic recovery. Unfortunately, further monetary easing isn't what is going to provide the jolt the economy needs.
What's holding the economy back right now isn't the price of credit; it's the lack of quality borrowers. The pool of potential borrowers willing and ...
Title:
Markets fragile as Greece unable to reach agreement on debt-swap deal
Morning Briefing : Markets fragile as Greece unable to reach agreement on debt-swap deal
What's new:
US: Positive trend in Job figures and housing last week.
Euro: All eyes on the situation in Greece
Asia: AUD and NZD benefiting from US growth. AUD/USD near 12-week highs.
Forex rates in Asia and Indices:
EURUSD: 1.2908 - 1.2876.
USDCHF: 0.9376 – 0.9360.
GBPUSD: 1.5560 - 1.5527.
EURJPY: 99.43 – 99.13.
USDJPY: 77.08 – 76.93.
DowJones: 12’720.48 +0.76%
NASDAQ: 2'786.70 -0.06%
S & P 500: 1'315. ...
Title:
The Weekly Bottom Line : 16/01/2012
HIGHLIGHTS OF THE WEEK
United States
The story for the U.S. economy in 2012 is one of increased momentum facing off against strengthening headwinds. This narrative has placed economic forecasters into two camps: pessimists and optimists.
As 2011 came to a close, the economic data appeared to line up in the optimistic's camp. However, over the last week, some of the bloom has come off this rosy view. Data on retail sales, net exports and jobless claims paint a less sanguine picture of ...
Title:
Dukascopy Morning Forex Overview : 13/01/2012
Fundamental Analysis
EUR
"According to some recent survey indicators, there are tentative signs of stabilization of economic activity at low levels"
- Mario Draghi, the ECB president
The European Central Bank kept its benchmark rate at record low of 1 per cent on Thursday, a move widely expected by economists, and noted a “significant, if not substantial,” decrease in interest rates across markets.
USD
"The retail sales suggests that spending isn't really picking up any momentum"
- Sean ...
Title:
YouTradeFX Daily Market Analysis : 13/01/2012
Fundamental News:
Today’s highlights:
Trade Balance + Import Price Index (MoM) (U.S, 13:30 GMT)
Trade Balance (CAD, 13:30 GMT)
Michigan Consumer Sentiment Index (U.S, 14:55 GMT)
PPI Input (MoM) (GB, 09:30 GMT)
Economic data released in U.S Thursday:
U.S. businesses saw a continued increase in inventories in November but at a slower rate than many had expected, according to figures released Thursday by the Commerce Department. Commerce Department figures put total U.S. ...
Title:
Weekly Economic and Financial Commentary : 07/01/2012
Weekly Economic and Financial Commentary : 07/01/2012
U.S. Review
Great Car, Just Be Sure to Look Under the Hood
Total nonfarm payrolls jumped 200,000 in December and the unemployment rate dropped to a cycle-low 8.5 percent. Coming on the heels of several weeks of improvement in unemployment insurance claims and improving business sentiment, this seems to put an exclamation point on recent firming in the labor market.
To be sure, the job market is healing but we suspect the jump in ...
Title:
YouTradeFX Daily Market Analysis : 02/01/2012
Fundamental News:
Today's highlight;
• French + German + General Manufacturing PMI (EU, 8:50-9:00, GMT)
The EUR/USD pair ended a strongly bearish month, where the pair declined sharply in December after European leaders failed to quell jitters and provide markets with a final solution to end the two-year debt crisis, while the European Central Bank explained that it will not intervene and act as a lender of last resort, which spread pessimism and fears in the market, especially when Italian ...
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