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Euro Hit By Growing Threat For Contagion, Fears Of Spanish Bailout
Market sentiment appears to be tapering off during the holiday amid the ongoing turmoil in the euro-area, and the slowdown in risk-taking behavior may gather pace over the next 24-hours of trading as European policy makers struggle to stem the threat ...
US Dollar Can't Keep Its Drive Alive Without Fear
Forex: USD/CAD bounces from 5-day low
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ...
WORLD FOREX: Spain Pressured, But Euro Calm In Holiday-Thinned Trade
Wall Street Journal
By Alexandra Fletcher Of DOW JONES NEWSWIRES Shares in Bankia SA (bkia.mc), Spain's fourth-largest bank, tumbled 27% when trading resumed Monday as investors digested the fallout from a EUR19 billion government bailout announced Friday.
Euro’s recovery after last week’s selloff to 99.37 suggests a minor low is possibly formed and consolidation would be seen with mild upside bias for retracement to 100.90-00, however, upside should be limited to 101.50-60 and renewed selling interest should emerge around previous resistance at 102.13 and bring another decline. Read More
As aussie opened higher and has edged higher today, suggesting the rebound from last week’s low of 0.9690 is still in progress and test of previous resistance at 0.9935 (last week’s high) would be seen, however, renewed selling interest should emerge around 0.9990-1.0000 (38.2% Fibonacci retracement of 1.0475-0.9690 and psychological Read More