Clearly, markets can't continue to produce 4-8% per month returns without some profit-taking or correction. Even in the dotcom days returns like this weren't achieved consistently. A downturn is healthy to weed-out excess. That said, dip buyers are a stubborn bunch and they're programmed to do this until they break their F-10 key. In a news vacuum, Greece again takes center stage as a debt deal ...
Read more...Glencore credit-default swaps have fallen more than any other European contracts this past month, beating Italian banks UniCredit SpA and Unione di Banche Italiane SCPA. The cost of insuring debt of the world’s largest listed commodity trader plunged 53 percent to 217 basis points since Jan. 3, with the rally accelerating last week, according to CMA prices.
Read more...FXstreet.com (Barcelona) - Greece's never ending negotiations with the Troika and with the private sector are far from over, exhausting all parties and the markets. Once again, today's talks
Read more...David Alan Creecy, who once was investigated in connection to emu deaths, was arrested this week in connection with a drug investigation.
Read more...Risk FX was mildly bid in a typically quiet pre-NFP session boosted by better than expected UK PMI numbers and slightly positive tone in European equities. With no major economic data out of the Eurozone ...
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