Featured \Nick Nasad \ 4:42 PM EST \ March 11th, 2010
The dollar weakened slightly against the Euro and others after US data painted a mixed picture of the economic recovery. The trade deficit shrank but exports and imports both fell, while jobless claims showed a second week of declines. Trading was mostly choppy, with major pairs staying well within their recent well-worn ranges.
alaidi: Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex 5 hours ago from TweetDeck
kathylienfx: Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed 18 hours ago from web
JohnKicklighter: ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” 18 hours ago from TweetDeck
JohnKicklighter: According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break 18 hours ago from TweetDeck
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Daily Video Recap (3/11): Dollar Weaker Slightly Following Trade and Jobs Data
Featured \ Nick Nasad \ 4:42 PM EST \ March 11th, 2010The dollar weakened slightly against the Euro and others after US data painted a mixed picture of the economic recovery. The trade deficit shrank but exports and imports both fell, while jobless claims showed a second week of declines. Trading was mostly choppy, with major pairs staying well within their recent well-worn ranges.
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