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Friday, September 28, 2012

DailyFX - Forex Market News

DailyFX - Forex Market News


Euro Looks to French Budget, Spanish Stress Tests for Direction Cues

Posted: 27 Sep 2012 11:18 PM PDT

The Euro may pull back into the end of the trading week as governments’ deficit-fighting efforts and slower inflation spur expectations for additional ECB stimulus.

Guest Commentary: Catalonia at Crossroads After Rajoy’s Clear “No” to Any Compromise

Posted: 27 Sep 2012 11:00 PM PDT

Spanish PM Mariano Rajoy met Catalan President Artur Mas in a tense meeting. The Catalan request for a new fiscal pact was rejected by Rajoy. The same Prime Minister that is taking his time with an aid request from the EU wasn’t patient with Catalonia.

Can EURUSD Overtake 1.3000 after Dollar’s Biggest Drop in Two Weeks?

Posted: 27 Sep 2012 09:38 PM PDT

With risk appetite and the euro advancing across the board this past session, the dollar was bound to take a hit. The dollar’s biggest drop in two weeks could not have been timed better…

Bullish USD Trend Taking Shape- QE Complicates FOMC’s Exit Strategy

Posted: 27 Sep 2012 09:50 AM PDT

The greenback is struggling to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index tagging a low of 9,820, but the recent weakness may be short-lived as the reserve currency appears to be carving out a bullish trend.

Guest Commentary: Gold & Silver Daily Outlook 09.27.2012

Posted: 27 Sep 2012 07:41 AM PDT

The prices gold and silver declined yesterday and thus since September 14th, following the announcement of the FOMC to launch QE3, the price of silver fell by 2.07% and gold by 1.08%.

Spanish and Greek Austerity Budget Decisions Plagued by Street Protests

Posted: 27 Sep 2012 05:35 AM PDT

EUROPEAN SESSION UPDATE: Government decisions regarding budget cuts from both countries are expected to be announced today; Euro pulled lower by declining economic confidence…

Euro Struggles Ahead Of Moody’s Review, Pound Eyes 1.63 Ahead Of BoE

Posted: 27 Sep 2012 05:20 AM PDT

The Euro remains under pressure on Thursday as the economic docket instilled a weakening outlook for the region, and the bearish sentiment surrounding the single currency may gather pace over the near-term as the debt crisis continues to drag on the real economy.
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