Featured \Nick Nasad \ 5:35 PM EST \ January 29th, 2010
The Euro fell below 1.39 against the Dollar, pressured by concerns about Greece and its debt situation. The Dollar meanwhile was boosted by three positive releases including stronger than expected GDP growth, consumer confidence and Chicago PMI. The GBP/USD broke out of its sideways trading action to the downside in the wake of the US releases.
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 7 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 20 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.” 21 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 21 hours ago from TweetDeck
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Daily Video Recap: Euro Continues Sliding, US Posts Strong 4Q GDP
Featured \ Nick Nasad \ 5:35 PM EST \ January 29th, 2010The Euro fell below 1.39 against the Dollar, pressured by concerns about Greece and its debt situation. The Dollar meanwhile was boosted by three positive releases including stronger than expected GDP growth, consumer confidence and Chicago PMI. The GBP/USD broke out of its sideways trading action to the downside in the wake of the US releases.
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