Trichet Off to Brussels & Markets in a "Wait & See" Pattern

Markets are still in a hold / consolidation pattern before 1st tier economic data starting Wednesday. However, we are seeing signs of EUR contrarians stepping in and trading on the long side. Markets and media have been lightning fast in jumping on the EU collapse bandwagon and there is speculation that the [...]

Markets are still in a hold / consolidation pattern before 1st tier economic data starting Wednesday. However, we are seeing signs of EUR contrarians stepping in and trading on the long side. Markets and media have been lightning fast in jumping on the EU collapse bandwagon and there is speculation that the pair has moved too fast. While risk appetite remains fragile, the EURUSD move above 1.3770…

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Translator
Markets
INDU 0.00    N/A
NASDAQ 2898.35    -7.31
S&P 500 1342.48    -2.42
^SSMI 6147.03    -6.28
^GDAXI 6764.83    -1.84
^FCHI 3405.27    -22.65
XAUUSD=X 1722.25    N/A
1970-01-01 00:00