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Euro Pressured Early but Settles into Range on Slow News Day

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Jul 12, 2010.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
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    Today’s sample of Forex Analysis from ForexHound.com

    Lower Asian and European equity markets overnight triggered a break in the Euro early in the session, but stable U.S. stock markets helped to hold it in a range most of the New York session.

    Without any major economic reports to push the markets around, traders have decided to focus on two elements: the start of U.S. earnings season and the European bank stress results.

    U.S. earnings season begins after the equity market close this afternoon. Since the Euro has been taking its cue from equity markets lately, traders expect today’s first report from Alcoa to move the market.

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

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