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Political.
EZ officials surprised global markets today by agreeing to a coordinated program of stabilization including public guarantees of Interbank lending until December 31, 2009 and the right of member states to take preference equity positions in banks, effecti More...
The euro shot up on Monday, pulling away from a 1-1/2-year low against the dollar as a pledge by European governments to rescue banks from collapse plugged a deluge of selling in the single European currency.
More...
In currencies: The USD and carry-related pairs retraced some of their storng price movements seen last week on the bank of the UK and European bailout plans. EUR/USD back above the 1.36 handle while EUR/JPY probe the 137 area. EUR/CHF testing the 1.54 nei More...
EURJPY has been on an incredible strong down movement for the best part of the last couple of months, but we still have noticed what seems to look like a reversal pattern on the daily charts, considering the strength of the bearish movement we can only ex More...
Riding the Tiger FX Solutions Monday October 13, 2008 - 02:29:29 GMT
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