Featured \Nick Nasad \ 4:25 PM EST \ March 12th, 2010
The Euro rallied above 1.3735 for the first time in four-weeks as the worries about Greece receded to end the week, the Euro-zone posted stronger than expected production data, and there was news that San Fransisco Fed President Yellen is set to become the next vice chairman of the Fed. The US meanwhile posted better than expected retail sales but a weaker reading on consumer confidence. The Canadian Dollar meanwhile rose following a strong employment report.
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 17 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
JohnKicklighter: That's a hearty drop in net dollar long interest from the COT figures. Good indicator for establishing a time frame for dollar's tumble. 18 hours ago from TweetDeck
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Daily Video Update: Euro Breaks Resistance on Data, News About Fed’s Yellen
Featured \ Nick Nasad \ 4:25 PM EST \ March 12th, 2010The Euro rallied above 1.3735 for the first time in four-weeks as the worries about Greece receded to end the week, the Euro-zone posted stronger than expected production data, and there was news that San Fransisco Fed President Yellen is set to become the next vice chairman of the Fed. The US meanwhile posted better than expected retail sales but a weaker reading on consumer confidence. The Canadian Dollar meanwhile rose following a strong employment report.
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