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ForexHelp  >  Blogs  >  GCI Forex Research 1
GCI Forex Research
by GCI Financial

Thursday,  04 February 2010,  05:55 GMT
Research  >  Forex - Fundamental research
FX Research Desk
Fundamental Outlook

The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3885 level and was capped around the $1.4025 level. The common currency continues to suffer form a lack of confidence regarding Greece’s fiscal problems. The European Commission formally endorsed a plan that would give Greece until the middle of 2012 to bring its budget gap below 3%. Five-year Greek credit default swaps tightened to 373.6 bps today from 387.3 bps at yesterday’s close. Portuguese debt widened significantly today – leading to further euro weakness – and unconfirmed chatter that Moody’s was imminently downgrading Spain’s sovereign debt also hurt the euro.

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Thursday,  21 January 2010,  04:00 GMT
Research  >  Forex - Fundamental research
FX Research Desk
Fundamental Outlook

The euro depreciated sharply vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4080 level and was capped around the $1.4295 level. Dealers are talking about the victory in the U.S. state of Massachusetts by a Republican in a special Senate election and the impact this will have on the Obama administration’s ability to pass legislation. Banks and financial institutions are trying to repair their balance sheets and the removal of Obama’s filibuster-free legislative ability could be positive for the U.

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Tuesday,  19 January 2010,  04:12 GMT
Research  >  Forex - Fundamental research
FX Research Desk
Fundamental Outlook

The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4335 level and was capped around the $1.4395 level. French President Sarkozy was quoted on 7 January as saying the global foreign exchange systemn is in a state of “disorder” and eurozone finance ministers today said Sarkozy “has a point.” G7 finance ministers will convene in northern Canada in early February and are expected to press China to liberalize its exchange rate regime further.

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Friday,  15 January 2010,  03:40 GMT
Research  >  Forex - Fundamental research
FX Research Desk
Fundamental Outlook

The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4475 level and was capped around the $1.4555 level. As expected, the European Central Bank kept its main refinancing rate unchanged at 1% today and traders will pay close attention to remarks from ECB President Trichet as to when the central bank may next remove some monetary policy accommodation. Data released in the eurozone today saw November EMU-16 industrial production climb 1.0% m/m, up from -0.

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Friday,  08 January 2010,  05:13 GMT
Research  >  Forex - Fundamental research
FX Research Desk
Fundamental Outlook

The euro depreciated vis-à-vis the U.S. dollar on Thursday as the single currency tested bids around the US$ 1.4300 figure and was capped around the $1.4445 level. The common currency moved lower after it was reported that EMU-16 November retail sales were off 1.2% m/m and 4% y/y. These data suggest that final private demand may have weakened ahead of the main holiday shopping period and will not bode well for gross domestic product data in Q4. Other data released today saw the EMU-16 December economic sentiment indicator rose 2.

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