US stocks rose broadly overnight, with the Dow on track for its largest daily
percentage advance since July, on reports euro zone countries will come to the
aid of debt-stricken Greece. The US dollar fell against the euro, boosting
commodity prices and shares of natural resources
Trading the News: U.S. Advanced Retail Sales What’s Expected Time of
release: 2/11/2010 13:30 GMT, 08:30 EST
Primary Pair Impact : EURUSD Expected:
0.3% Previous: -0.3%
Impact the U.S. retail sales report has had over EURUSD for
Feb. 9 (Bloomberg) -- Germany is considering assistance for Greece after the
country’s fiscal woes threatened the stability of the euro and financial
markets, two lawmakers from Chancellor Angela Merkel ’s governing coalition
said. “We are considering support,” Michael Meister ,
By Camila Fontana The real advanced 1.8 percent to 1.8428 per dollar at 1 p.m.
New York time, from 1.8755 yesterday. The benchmark Bovespa stock index jumped
3 percent to 65,014.46. The Standard & Poor’s 500 Index increased 1.7
percent to 1,074.91. Twenty-four of the 26 emerging-market
which makes it especially important to watch for warning signs prior to entry.
In other words, we will look to enter long near 1.9755 unless we see gaps
and/or wide-ranging candles prior to entry. If these do show up, or if
additional reversal signs are not present near 1.9755 (bullish pattern
By Ben Levisohn Japan’s currency slid the most in more than three months
against the 16-nation common currency as Olli Rehn , who takes over as European
economic affairs commissioner tomorrow, said Greece has to “do the necessary
measures” in exchange for the EU’s support.
Feb. 9 (Bloomberg) -- Canada’s dollar advanced the most in a month versus its
U.S. counterpart as the European Union held out the prospect of aiding Greece,
spurring appetite for currencies tied to economic growth. “Clearly it’s having
an impact on the euro and will cause some of the
By Allison Bennett “There are good indications that euro-dollar may have set a
low at the end of last week,” technical analysts led by Tom Fitzpatrick in New
York wrote in a report. “Focus is on near term resistance at 1.3750 and a close
above there would be a bullish short-term
By Ben Levisohn Japan’s currency slid against the 16-nation common currency as
Olli Rehn , who takes over as European economic affairs commissioner tomorrow,
said Greece has to “do the necessary measures” in exchange for the EU’s
support. European Central Bank
The Standard & Poor’s 500 Index climbed to its highest level of the session
after Olli Rehn, who takes over as EU economic affairs commissioner tomorrow,
said support for Greece will be discussed in coming days. Freeport-McMoRan
Copper & Gold Inc. and ConocoPhillips rose at least 2.7 percent
US stocks rose broadly overnight, with the Dow on track for its largest daily
percentage advance since July, on reports euro zone countries will come to the
aid of debt-stricken Greece. The US dollar fell against the euro, boosting
commodity prices and shares of natural resources
