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  • NAB Business Survey Dents Australia Recovery Hopes

    June 12, 2012 - no Comments

    30According to the National Australia Bank Business Survey, confidence by the Pacific economy’s manufacturers and business leaders sank in the month of May.  Headline survey results fell 4 points to

  • Why The Euro Retraced On Spain

    June 12, 2012 - no Comments

    30After all was said and done, market participants ultimately failed to see anything good about the recent bailout to Spain during today’s session.  Over the weekend, European finance ministers decided

  • Euro Jumps On Spanish Bailout

    June 11, 2012 - no Comments

    30The euro jumped to a two-week high following Spain’s decision to accept a European Union bailout – the fourth such event in the last three years.  Although Spanish policymakers are

  • EUR/USD Technical Outlook – June 8th

    June 8, 2012 - no Comments

    30EURUSD spot price is currently testing 1.2500 support, which is being reinforced by support barriers below at the May 25th session low of 1.2495.  Additionally, the 1.2500 round figure is

  • What A Chinese Rate Cut Means For FX

    June 8, 2012 - no Comments

    30In a key announcement, People’s Bank of China officials cut the country’s benchmark interest rate by 25 basis points, taking the rate to 6.31%.  The rate cut is the first

  • Euro’s Short Term Future Dependent On Spanish Auction

    June 7, 2012 - no Comments

    30Traders continue to eye the Euro ahead of tomorrow’s highly anticipated Spanish bond auction.  The auction, the first since Prime Minister Mariano Rajoy admitted to the country’s difficulty in accessing

  • South Korean GDP Rises In Line

    June 7, 2012 - no Comments

    30According to the official Bank of Korea release tonight, South Korea’s quarterly expansion matched earlier forecasts for the three month period through March.  For the first quarter, the peninsula economy

  • Could The G7 Spark A Euro Rally?

    June 5, 2012 - no Comments

    30A highly anticipated call among G7 leaders is scheduled for today, with some expecting a European resolution – whether forced or agreed upon – to surface.  However, the reality of

  • What The RBA Rate Means For the Australian Dollar

    June 5, 2012 - no Comments

    30In an unsurprising fashion, Reserve Bank of Australia Governor Glenn Stevens announced a 25 basis point rate cut for the country’s benchmark interest rates.  The move has pushed the benchmark

  • Japan Turns To Tax Debate As Japanese Yen Climbs

    June 4, 2012 - no Comments

    30Japan’s Prime Minister Yoshihiko Noda, in an attempt to smooth things over with the opposition Liberal Democratic Party, replaced five cabinet members.  Although the move may seem blindly aggressive, it