US Session: Risk Assets Rally As US Data Disappoints
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The remaining European PMI releases this morning offered little to get FX markets moving, and Eurozone PMI was right on expectations at -0.4% MoM in Sep (-7.7% YoY). The breakdown of the PPI data highlighted ongoing deflation in consumer and capital goods components, but failed to unnerve EUR bulls as the broader trend of USD-selling prevailed across all assets classes. Gold has subsequently… | ||||||||||||||||||||
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More evidence of what I’ve been saying about what’s going to happen to the dollar …
(Real Wealth - Global Wealth Report, 10/26/09)
Seasonality: The Euro Usually Rises In December Versus USD, Average +3.03%
(Shocked Investor, 11/20/09)
“Crash the Euro” and Profit with a 5-Letter Code
(Stock Gumshoe, 9/14/09)

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