1 0 Tag Archives: eurozone
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Advocating Patience, Top Gurus Undaunted by Red Week

(eToro Blog) Over the past week, quite a few OpenBook traders and even a few gurus were caught on the wrong side of a trade or when the crisis in the Eurozone escalated well beyond investors’ comfort zone. The Euro trended lower and refused to retrace, much to traders’ collective chagrin. With the uncertainty of [...]
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Facebook IPO Prepares for Lift Off

(eToro Blog) Barring any unforeseen emergencies, Facebook will launch its long-awaited, super-hyped Initial Public Offering when Wall Street opens tomorrow. While the Eurozone’s impending implosion could put a damper on the rest of Wall Street indices, analysts believe that the NASDAQ, where FB will be listed and publicly traded, is likely be well insulated from [...]
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The S&P to consolidate Monday’s losses yesterday – FXstreet.com


FXstreet.com

The S&P to consolidate Monday's losses yesterday
FXstreet.com
Strategy Again today the economic data calendar is bereft of any important information and so we expect another session where price action is dominated by headlines coming from the Eurozone in the aftermath of the weekend's election results.

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Dismal ADP Report Likely to Throw Water on Wall Street Rally

(eToro Blog) After a morning replete with dismal labor and manufacturing data from the Eurozone, it looks as though Wall Street won’t be able to sustain yesterday’s rally which gave investors the largest single day’s gain in more than four years. At the closing bell on Tuesday, even in subdued trading given the holiday in [...]
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E.U. Banks’ Looming Deleveraging Major Concern to Analysts

(eToro Blog) According to a recent report issued by the IMF, the primary threat which could jeopardize the Eurozone’s fragile recovery and worsen the recession is the deleveraging of bank balance sheets over the coming 18 months. Eurozone area banks have an estimated €2.6 trillion on their balance sheets that will need to be eliminated, [...]
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3 Numbers to Watch: UK PMI Services, US ISM Non-M, Factory Orders – Forex Pros


3 Numbers to Watch: UK PMI Services, US ISM Non-M, Factory Orders
Forex Pros
Turning to today we have PMI Services out of the UK, Eurozone retail sales, US factory orders and ISM Non-manufacturing on the calendar. Feb. UK PMI Services (09:30 GMT) to show continued expansion? Surveys from the UK have been upbeat of late with ...

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March 5, 2012
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FOREX: Dollar Sold on Strong US Data, Greek Bailout Deal Hopes – ForexTV.com

Looking ahead, a relatively quiet European economic calendar leaves the hopeful mood to play out ahead of Monday’s Eurozone finance ministers’ meeting where the final Greek deal is expected to be concluded. EU officials have blown their share of ...
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Weekly Review OpenBook Roundup

(eToro Blog) Despite the hoopla ahead of Mario Draghi’s long awaited Long Term Refinancing Operation (LTRO), it was essentially a non-event. Ultimately, 800 of the Eurozone’s banks borrowed some €530 billion in 3-year loans at a 1% rate of interest from the ECB. Markets had already priced in the likelihood of just such an event, [...]
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Reactions to G20 Muted – Forex Pros


Reactions to G20 Muted
Forex Pros
By Action Forex | Market Overview | Feb 27, 2012 08:53AM GMT The G-20 meeting over the weekend triggered little reactions in the markets today. The main topic of the G-20 summit was on resolving the sovereign debt crisis in the Eurozone.

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February 27, 2012
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Euro Shrugs off Bad News and Gets a Lift from German IFO

(eToro Blog) Yesterday’s releases of Euro-area PMI manufacturing data was unexpectedly poor, suggesting that the Eurozone could sooner than later slip into recession, yet the news had only a minimal effect on the Euro-Dollar which quickly recovered. Currently, the EUR/USD is trading higher at 1.3316 following the release of better than expected German IFO readings. [...]
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February 23, 2012