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European Session: Risk Rally Continues on Strong Chinese Data
Risk correlated trades continue to appreciate and are showing no signs of weakening. In fact, there are fundamental reasons why the rally should continue. First, several Fed officials suggested that the Fed is still not close to shifting its policy stance. Fed Presidents Lockhart, Yellen and [...]

Oil touched the $80 level, but still fall shy of the $82 intraday high last month. The Crude November chart shows that we are stuck in the middle of the recent trading range. Yesterday saw a move over the $80, but slipped back following a report from the American Petroleum Institute that crude stock piles [...]

Gold finished ever so slightly to the upside in trading, with continued follow through since confirmation that US interest rates were likely to stay low for the foreseeable future. The Gold minute chart shows trading has flirted in and around the $1,100 levels since Monday.
Gold has risen for eight successive sessions, spurred on by a [...]

The dollar fell to a one week low against the yen during the trading session as investors continued to sell the dollar. Despite bullish rhetoric from Geithner, this failed to convince markets to start buying on the weakness.
EUR/USD 1.4975-1.5015 range. Very quiet as profit taking above the figure limited any run up. Support 1.4920/1.4950 which [...]

ZEW Survey Misses Expectations
It has been a day of consolidation for most asset classes as risk appetite has lacked new stimulus to propel it higher, and the meagre few risk events on the calendar have had very little directional influence on FX. The morning schedule included Swedish Industrial Production which was slightly lower than anticipated [...]