Euro Finds Some Support Below 1.3000; Fresh EUR/GBP Long Taken

Overall, a choppy session of trade early Monday as markets consolidate their recent declines. However, we find comfort in our fresh EUR/GBP long position…

Overall, a choppy session of trade early Monday as markets consolidate their recent declines. However, we find comfort in our fresh EUR/GBP long position…

Commodities fell amid risk aversion in European trade. The spotlight falls on April’s US jobs report from here, with a variety of possibilities confounding investors.

Surprisingly positive retail sales across the Eurozone and broader Europe remains overshadowed by two days of weak data.
Gold and silver decreased for the third consecutive business day. Today’s ECB rate decision might play a role in the forex and commodities markets.Additional items on today’s agenda: U.S

Investors have ignored fundamental weakness for so long that they may as well be trading from the moon, perhaps on a trip funded by all the governments that have artificially propped markets…

See the article here:
EURUSD: Continuing to Hold Short
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Commodities fell as Chinese PMI data warned of slowing demand.

Commodities reflect the market-wide focus on Fed QE3 hopes, with the spotlight on US ISM Manufacturing data and a round of Fed commentary officials today.

Gold and silver didn’t react to the recent FOMC statement to keep policy unchanged. Both metals slightly declined yesterday, while many other commodities increased and the USD depreciated against the Euro.

Read the original post:
British Pound Pullbacks May be Bought
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