Share Strong data in Asia, especially China and India lead investors back into riskier assets pushing the Euro above 1.28. The rally is creating a technical breakout, which could gain momentum if the EUR/USD pushes above 1.3000. Click here to read the full daily Review
Continue reading...31. August 2010
Share The Euro consolidated near 1.27 as better than expected housing numbers and strong Asian data kept the Euro from retreating. The market is waiting for a deluge of European and US data expected during the balance of the week. Click here to read the full daily Review
Continue reading...30. August 2010
Share Weaker than expected retail PMI combined with a retreat to a safe haven currencies, bolstered the dollar and weakened the Euro. The Euro declined below 1.27 and will test trend line support below. Click here to read the full daily Review
Continue reading...29. August 2010
Share Equity markets rebounded late in the week as slightly better than expected revised GDP 1.6% from 2.4%when the market was expected a revision down to 1.4%. Additionally, Ben Bernanke comments that the Fedwould ensure a recovery in the US markets gave the markets a reason to celebrate. For the week, the S&P500 Index fell 0.66 percent. Click here for the full review
Continue reading...26. August 2010
Share Stronger than expected German GfK confidence, along with the return of some calm in the peripheral bond markets, help the Euro reclaim the 1.27 level. The markets should continue to consolidate ahead of the US employment report next week. Click here to read the full daily Review
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1. September 2010
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