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EUR Trading Outlook (25-10-2011)

The Euro (EUR) as we approach Wednesday&rsquo s deadline we find the market optimism continuing to grow that a substantial rescue plan is about to be announced. Germany&rsquo s Merkal overnight has been reported as asking for a leveraged bailout fund to the amount of 1trn. Oct Flash PMI Manufacturing dropped to 47.3 vs. 48.5 previously. Oct PMI Services dropped to 47.3 vs. 48.8 previously. Looking ahead, November Consumer Sentiment forecast at 5.1 vs. 5.2 previously.

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