FRANKFURT (MNI) – European Central Bank President Jean-Claude Trichet said Thursday that he expects the new European bank stress tests to be as professional as possible. He refused, however, to be drawn into a discussion on the merits of the … Continue reading
Flows, cross-currents, unwinding of stale positions…It’s all washing through the market today, making for a very challenging trading environment. A clumsily-handled EUR/GBP order helped send EUR/USD higher and cable lower while firm US data help amplify the rise in US … Continue reading
US DATA: Philly Fed text: “regional manufacturing activity continues to expand in January. All of the broad indicators remained positive this month and there was an apparent pickup in new orders and employment. Increases in input prices continue to be … Continue reading
FRANKFURT (MNI) – Consumer confidence in the Eurozone fell in January for the second time, dipping to a four-month low of -11.4, preliminary estimates issued by the European Commission showed on Thursday. A number of forward-looking indicators in the Commission’s … Continue reading
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