DailyMarkets.com - Commodities Pare Losses On Eurozone PMIs, US Data Key Ahead

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• Commodities Pare Losses On Eurozone PMIs, US Data Key Ahead
• Forex Trading: Investors Wait For Spanish Bailout News
• Central Bank News Link List – Oct. 3, 2012: RBA Seen Cutting Rates To Lowest In 53 Years
• The Bull Case Is Still Intact

Commodities Pare Losses On Eurozone PMIs, US Data Key Ahead Posted: 03 Oct 2012 03:14 AM PDT Talking Points Commodities in Recovery Mode as Eurozone PMIs Countervail Risk Aversion ADP Employment, ISM Service-Sector Gauge in Focus in US Trading Hours Commodities are in recovery mode having entered the European session on the defensive amid broad-based risk aversion. The sour mood followed disappointing data from China and Australia overnight as well as comments from Spanish Prime Minister Mariano Rajoy stating a full bailout request is "not imminent". Crude oil and copper followed … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: Investors Wait For Spanish Bailout News Posted: 03 Oct 2012 01:11 AM PDT Investors wait for Spanish Bailout News The anticipation of a Spanish bailout affected all major currencies and pairs yesterday. While a request for a bailout by Spain could see a short-term rally in the euro, there is some resistance to it in the medium to long term currency projections, given gloomy economic prospects, tough austerity measures and rising unemployment in the euro zone. Conversely, the unanticipated Australian rate cut caused the currency to devalue against all major pairs. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Oct. 3, 2012: RBA Seen Cutting Rates To Lowest In 53 Years Posted: 03 Oct 2012 12:31 AM PDT Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. RBA seen cutting rates to lowest in 53 years: Australia Credit (Bloomberg) Should central banks have coordinated stimulus moves? (CNBC) Analysis: Uneasy role for IMF in euro zone crises … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The Bull Case Is Still Intact Posted: 01 Oct 2012 12:10 AM PDT Regular readers know that I have been bullish for the past few weeks. Michele of The Night Owl Trader agreed in a comment from a past blog post: I agree. I voted bullish on the poll this week too. It may be unsettling to see people throwing Molotov cocktails in Madrid, but looking at the weekly and monthly SPX charts I’m just not seeing any topping action there despite the recent pullback. I have generally used daily charts, but her comment about using weekly charts reminded me that they can be … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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