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Some announcements that may impact the markets this week
Big news for this week!
Below are some announcements that may
impact the markets this week:
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News
Significant data poured out of the USA
this week, culminating in Non Farm Payrolls today. Significantly the
USD gained against the Yen after falling for the last 3 days. However
the good economic news looks like it is being factored into the potential for
an earlier reduction in monetary stimulus. See the chart below (30
minute bars over 3 days) for some interesting moves in EURUSD after the announcements.
An initial fall followed by rebounds can be seen underpinning the Euro.
Perversely, this stronger euro appears to be held up by Germany rather than
any other European countries.
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