Morning Report: Euro shrugs off Greek deal

Morning Report: 08.30 London This morning offers further proof  that financial markets are forward looking machines. After yesterday’s pre-announcement rally, the euro is unchanged this morning on the official confirmation of a Greek debt deal. The EUR/ USD is unchanged while the EUR/ JPY is up 0.28%, primarily on the back of further yen weakness, with…

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Afternoon Report: Bailout scepticism keeps lid on rally

Afternoon Report: 18.00 This afternoon the Dow Jones passed 13,000 briefly for the first time since 2008. However, away from this milestone, it has been a decidedly mixed days trading. The euro has made little progress through the day as analysts unpick the latest Greek bailout, with many already predicting the need for another one…

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USD/CAD: Trading Canada’s Retail Sales Report

Trading the News: Canada Retail Sales What’s Expected: Time of release: 02/21/2012 13:30 GMT, 8:30 EST Primary Pair Impact: USDCAD Expected: -0.1% Previous: 0.3% DailyFX Forecast: -0.5% to 0.0% Why Is This Event Important: Household spending in Canada is expected to contract 0.1% after expanding 0.3% in November, and the slowdown in private sector consumption…

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US Dollar, Yen Recovery Expected as Global Slowdown Fears Return

Major Currencies vs. US Dollar (% change) 13 Feb 12 – 17 Feb 12 Talking Points Euro Selling Likely as Focus Turns to Recession Fears After Greek Accord Japanese Yen May Strengthen Anew as Risk Aversion Makes a Comeback British Pound Looks to BOE Minutes to Gauge Support for QE Expansion Commodity Bloc Vulnerable, Canadian…

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Euro Optimism Fizzles Amid Weakening Outlook, Sterling Capped

Talking Points Euro: Greece Secures Second Bailout, SP Warns Of Tight Funding Conditions British Pound: U.K. Posts Budget Surplus, Remains Capped By 200-Day SMA U.S. Dollar: Index To Consolidate, Fundaments To Improve Further Euro: Greece Secures Second Bailout, SP Warns Of Tight Funding Conditions The Euro pared the overnight advance to 1.3242 as market participants…

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