DailyMarkets.com - Forex Trading: Euro Rebounds Despite EU Recession Fears

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• Forex Trading: Euro Rebounds Despite EU Recession Fears
• Commodities: Oil, Gold At Risk As Markets Focus On US Budget Woes
• Watching For The Bounce

Forex Trading: Euro Rebounds Despite EU Recession Fears Posted: 15 Nov 2012 11:35 PM PST Euro Rebounds despite EU Recession Fears The euro was able to recover some of its recent losses against both the US dollar and Japanese yen yesterday, despite a report that the EU has slipped deeper into recession. Analysts attributed the bullish movement to disappointing US news and speculations regarding the outcome of an upcoming Japanese election. Today, a lack of significant international indicators means that there may be low volatility in the marketplace. Still, any announcements out of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Commodities: Oil, Gold At Risk As Markets Focus On US Budget Woes Posted: 15 Nov 2012 09:59 PM PST Crude oil and gold prices may face selling pressure through the week-end amid signs of continued deadlock as US officials struggle to avert the looming "fiscal cliff". Talking Points Crude Oil, Copper May Follow Stocks Lower on Lack of "Fiscal Cliff" Progress Gold and Silver Vulnerable if Safe-Haven Demand Continues to Buoy US Dollar US Industrial Production Data Unlikely to Yield Strong Response from Markets A quiet economic calendar through the end of the trading week puts the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Watching For The Bounce Posted: 15 Nov 2012 03:43 PM PST In my last post on Monday morning (see Choppy markets ahead), I wrote that the markets were likely to rally this week: [I]t may be premature to pile in on the short side. The market is oversold and it is poised for a bounce this week as option expiry weeks tend to have a positive bias and the SPX tests its 200-day moving average support. I was clearly wrong. Nevertheless, as the equity markets continue to deflate they have become even more oversold. AAII bullish sentiment (via Bespoke) is … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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