October 10th, 2011 22:11:39 GMT

Quiet again on economic calendar


No major market moving economic data today in Asia so we will rely on stockmarket sentiment and statements regarding the EZ debt situation for any volatility. The Tokyo market will be open again after a long weekend break.

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October 10th, 2011 21:07:22 GMT

ForexLive Asian market open


The market was obviously quite long of the USD judging by the moves we witnessed in Europe overnight. The EUR/USD rally started during Asia and then gathered pace as the session progressed, topping out just shy of 1.3700. AUD/USD also … Continue reading


October 10th, 2011 20:28:18 GMT

ForexLive North American Wrap: Risk on explosion


Euro’s largest one-day gain since July 2010 ECB’s Nowotny: Growth Slowdown Is An “Alarming Development” BOE’s Miles: Q4 GDP could be flat Slovakia fails to ratify EFSF changes, talks to continue Asmussen: favors broad package including recapitalization German parliament recommends … Continue reading

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October 10th, 2011 20:02:39 GMT

Stocks rally into the close


Massive gains in US stocks, accelerating into the close. S&P 500 up 3.4% to 1194, just shy of Sept. 26 high Dow up 3% to 11432 Nasdaq up 3.5% to 2566

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