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EZ bank deleveraging delaying EUR/USD breakout
Key market moving events today -Spain 2 and 10 year bond auction.Spain soldEUR2.54 billion bonds, just above the upper end of the target range. The 10-year bonds were sold at a yield of 5.743%, up...
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Currencies, Stocks, Commodities Slumped
Key market moving events today -HSBC’s preliminary China Manufacturing PMI rose to a 2-month high of 49.1 in April from a final reading of 48.3 in March. -German Manufacturing PMI came in 46.3...
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Weekly – Swiss Franc Traders Should be Careful
Dear clients and fellow traders, During the last few months a large number of currency traders have started to bet on the rise of euro and Swiss franc, EURCHF exchange rate as the Swiss National Bank...
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Bears took a breather.
Key market moving events today -Australian CPI: Headline inflation fell sharply to +1.6% vs 2.2% expected and 3.1% previously (y/y). Month on month basis inflation came in 0.1% vs 0.6% and 0% in...
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EUR/USD Still searching for direction!
Key market moving events today -Euro-Zone economic sentiment fell to 92.8 vs 94.2 expected and 94.5 in March. Sentiment fell lowest level over a year.Confidence among euro-zone manufacturers dropped...
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Greece returns to spotlight once again!
Key market moving events week. -EU GDP data. (German, France) – Should confirm that Euro-Zone recession is gathering pace. Also keep an eye on Inflation data. If it accelerates or stays unchanged then...
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Will Greece Exit From EZ or Not?
21.05.2012 Key market moving events this week. -There will be an exchange of letters between BoE Governor King and UK Chancellor Osborne at 09:30GMT tomorrow if annualized UK CPI inflation comes in...
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20 days until Greek elections.
28.05.2012 Themes from last week -The main theme for Friday’s trading was relatively resilient risk assets and risk currencies in the face of ongoing negative news out of the Eurozone. -Eurozone...
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It’s highly unlikely that Fed will launch QE3
04.06.2012 Last week’s themes and expectations for this week -On Friday we had Non Farm Payroll which came in +69k(smallest gain in a year) vs +150k expected and +77k previously.The unemployment rate...
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Age Of Bailouts
11.06.2012 Last week’s themes -Bernanke spoke last Thursday and as expected he did not indicated that he will launch QE3.Bernanke said the euro-zone crisis has more potential to hurt the US economy...
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ECB Cut Minimum Bid Rate Unexpectedly
Mario Draghi – President of European Central Bank The European Central Bank unexpectedly cut its 3 main interest rates (source www.ecb.europa.eu): *The interest rate on the main refinancing operations...
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Retail Sales in US Increased The Most in Four Months
A women making her daily purchases Retail Sales rose 0.6% in United States of America, the biggest rise in four months, according to the U.S. Census Bureau News. Sales in August 2014 rose 5.0%...
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Canada Retail Sales Flat in July
Retail Store After six consecutive monthly gains, retail sales paused in July, edging down 0.1% to $42.5 billion. Sales declined in 5 of 11 subsectors, representing 55% of retail trade. According to...
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NFP Pushed Euro Lower Against Dollar
People working in the office Non-Farm Employment Change, the most important release every month, like always brought some extreme volatility with itself. Total nonfarm payroll employment rose by...
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Canada Unemployment Rate Fell from 7% to 6.8%
Construction workers in Canada In Canada employment increased by 74,000 in September, nearly all in full-time work. This pushed the unemployment rate down 0.2 percentage points to 6.8%, the lowest...
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Inflation in UK Lowest in Five Years
UK Pennies The Consumer Price Index (CPI) grew by 1.2% in the year to September 2014, down from 1.5% in August, according to Office for National Statistics. The growth was significantly lower than...
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Unemployment in Spain Lowest Since 2011
Spanish Flag and Euros Unemployment in Spain fell to the lowest since the end of 2011 in the third quarter this year as economic growth picked up. Joblessness fell to 23.7% in the 3rd quarter from...
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Russian Central Bank Lifts Key Interest Rate to 9.5%
Russian Central Bank On 31 October 2014 the Bank of Russia decided to raise key rate to 9.5% per annum, a 1.5% hike from previous rates. This is because of considerable fall in oil price and stricter...
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Euro Area Inflation at 0.4% annual
ECB Headquarters Euro area annual inflation was 0.4% in October 2014, up from 0.3% in September. A year earlier the rate was 0.7%. European Union annual inflation was 0.5% in October 2014, up from...
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Non-Farm Employment 321K vs 231K expected
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were...
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