EUR Trading Outlook (24-10-2011)
The Euro (EUR) with sentiment improving on Friday the market bought up the Euro aggressively but this is being pared back on Monday as some disagreements on the Grand Plan bailout emerged over the weekend. France has withdrawn demands for the ECB to be used as bank and is instead focusing a new fund with the IMF to provide a final solution to the debt crisis. Looking ahead, Flash Manufacturing PMI forecast at 48.1 vs. 48.5. October Flash Services PMI forecast at 48.5 vs. 48.8 previously.
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