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report and the particular case of economy

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peter

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May 12, 2012, 2:46:11 PM5/12/12
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Hi fellows,

this article may be used
The Spanish Treasury sold a total of EUR3.18bn,
which was above the target size but yields were higher than those seen
previously.
XAUUSD has traded in a fairly tight range all week – except for
a slid last night to around 1634.34
Recently, a push above 1.0400 for
AUDUSD has sent the pair towards a major resistance line around 1.0450,

EUR/USD remained above the significant 1.30 figure and currently trades
around its 100-day SMA which is around 1.3130.
Gold is also in an
interesting position, as the yellow metal hovers around a sticking point
(USD1650).
But the aussie managed to claw back some losses (around 5%) and
pushed through 1.0400 against the dollar.
The euro was also bolstered by
the German April survey, with the current situation index rising to 40.7 from
37.6
The IMF released its World Economic Outlook report which indicated
that the global economy is slowly improving but warned that dangers remain.

Sovereign yield spreads eased after Spain had a better than expected bill
auction and ECB officials (Ordonez, Constancio) reaffirmed their confidence
in Spain.
Sentiment was broadly higher and the dollar was mostly softer
after positive developments in Europe,
and the economic sentiment index
advancing to 23.4 from 22.3, representing the fifth consecutive rise.
but
we are looking for confirmation from a break of the overnight high around
1.0420 before a technical push towards the 1.0450 level.
Gains in the FX
market were more muted than equities, with the dollar index barley falling as
investors clearly remain wary of risk currencies.
;
Notwithstanding that, this link is worth following http://www.eseco.fr
:-)
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