The 2012 broad risk asset rally is enduring another bout of fatigue as attention returns to the Greek debt negotiations
Rally momentum fades as traders eye Greek debt talks
Source: www.ft.com
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USDCAD rebounded to 1.0093
Being contained by 0.9979 support, USDCAD rebounded to as high as 1.0093 level, suggesting that a cycle bottom is being formed on 4-hour chart....
Dudley: No more Treasury buys needed if yield rise due to economic optimism
The Economist has an interview with NY Fed chief Bill Dudley. He says that if US yields are rising for the right reasons, the Fed won’t have to keep buying (or add to its $300 bln announced intentions) Treasuries. The dollar has continued its comback on the remarks which can be found here. To...
German credit crunch deepening
This is the headline on another AEP article and thanks to Saferanger for the lead. Ambrose is as always very bearish on Europe but if the facts stack up, tough credit conditions will not ease the recovery prospects for the vital manufacturing sector. Perhaps some of them are profitable...
Stocks staging late day rebound
US equities have traded lower all day but are rebounding nicely late in the session, down only 0.3% after being down over 1% most of the day. Oil prices have turned up as well, helping undermine the grrnback a bit. EUR/USD has bounced to the 1.39 level once...
Daily Forex Prediction for June 15, 2009 (update 09:58am GMT+7) by ...
EUR/USD After it is go up to around 1.4050, It is more likely to go down to around 1.3900 , and after that, it have a potential to go up to around 1.41. ... See all stories on this...