Market Roundup

via annacoulling.com Forex market roundup & some suggested trades for this week. Since writing nice trade this morning on the audjpy which netted 90 pips which is pretty good for a Monday morning. You can find more details of this on my facebook page.

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Merkel’s Pos-Still Long EURO’s

Merkel seems to burning the candle at both ends and doing everything in her power to prevent a Greek default. She is side stepping her own domestic supporters by moves of perception. Always be seen doing the correct thing, this is being fulfilled by her...

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EURO has Lost its Teflon?

It’s a thin market, liquidity at a premium, a holiday weekend and now we get a disastrous set of Euro-zone manufacturing data, a day ahead of the highly anticipated NFP report. The market has been slicing through the EUR like knife through butter already this...

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Again the EUR fails to weaken!

The lack of a EUR selloff this morning, in the wake of a poor Euro industrial order print (-0.7%) and ifo data (108.7), seems to prove that the market is no mood to go heavily short ahead of Bernanke’s speech this Friday. Mind you, the...

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Merkel Describes Eurobonds as “Wrong Answer”

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EURO Weight on Germany too heavy?

The market has already been forewarned that there will be no political end to the Euro-zone crisis from today’s tete-a-tete between Merkel and Sarkozy. Even with German officials insisting that Eurobonds were not on the agenda, a reluctant Chancellor may have to accept that there...

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