EUR Trading Outlook (31-01-2012)
The Euro (EUR) the Euro selling began in Asia and continued throughout Europe on the back of conflict between Germany/Greece on the next Greece budget but some positive comments from Portugal and seemingly successful EU summit allowed a bounce. The buying is accelerating on Tuesday’s Asian session on the back of reports comments from Greece PM Papademos that talks were making significant progress. Looking ahead, December Unemployment forecast at 10.4% vs. 10.3% previously. Also, December Retail Sales forecast at 0.9% vs. -0.9% previously.
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