Talking Points Euro: Fitch Cuts Greece’s Credit Rating, Sees Default In ‘Near Term’ British Pound: U.K. Posts Budget Surplus, Remains Capped By 200-Day SMA U.S. Dollar: Index To Consolidate, Fundaments To Improve Further Euro: Fitch Cuts Greece’s Credit Rating, Sees Default In ‘Near Term’ The Euro fell back from an overnight high of 1.3263 as…

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Gold and silver started off the week with very sharp gains. Yesterday’s gains were the sharpest this month (so far), which only goes to show how February is much less volatile than January.. Today, Euro Area Manufacturing PMI report will be published along with the Minutes of the last MPC Meeting, and the U.S. Existing…

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Fundamental Headlines – Greek Bailout Wins Two Cheers from Wary Investors – Bloomberg – Obama Readies Plan to Cut Corporate Tax Rate – Bloomberg – Iran Defiant as U.N. Nuclear Talks Fail – Reuters – Fitch Downgrades Greece – WSJ – Despite Pact, Unease Lingers for Greece – WSJ European Session Summary The move to…

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Trading the News: Bank of England Minutes What’s Expected: Time of release: 02/22/2012 9:30 GMT, 4:30 EST Primary Pair Impact: GBPUSD Expected: – Previous: – DailyFX Forecast: – Why Is This Event Important: The Bank of England Minutes may spur a bullish reaction in the British Pound as we expect the central bank to soften…

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Dollar Higher on a Day of Fundamental Relief… Euro: Why is the Market So Reserved after Greece’s Bailout? British Pound Slides Against Euro, Dollar, Yen Despite Four-Year High Surplus Japanese Yen Traders Hold Breath for Possible Risk Aversion Swell Australian Dollar Sliding Across the Board as Neutral RBA, Risk Off Weigh Canadian Dollar Decline Deviates…

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