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Crude continued to trade in and above the $80 level as yesterdays initial jobless data showed claims falling in the US. Optimists will see this as a precursor to a positive non-farm payroll figure later on in the session, which will increase confidence that the global recovery ins well in swing. Both the ECB and [...]

This week’s sale of Greek debt has gone unequivocally well; with pension funds and insurance companies alike lapping up the chance to secure 10 year bonds at a mouth-watering 6.35% yield. Compare that with Spain’s similar 5 year offering yesterday which went for 3% and the fact that this yield represents a hefty 295 basis [...]

Currency markets pretty much treaded water ahead of today’s non-farm payroll release, and this was compounded with mixed economic data being released in the US. Pending home sales fell for the first time in 2010, however the weekly initial jobless claims fell last week. These mixed signals have meant that money might be staying on [...]

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Gold traders appear to have taken some profits off the table ahead of today’s non farm payroll figures. Having reached seven week highs, the precious metal eased back for the first time in six days, so traders will now run the rule over today’s jobless release to see for signs of inflation. The release today [...]

European Session EUR under pressure late yesterday after Moody’s downgraded Deutsche Bank two notches to AA3/C+ (from AA1/B), outlook remains stable. Nikkei front page headline reports BoJ are looking at more monetary policy easing and examining new liquidity-provision operations. Japan’s Finance Minister Kan was on the wires saying recent JPY are gains due in part [...]

US Session Eurozone GDP (Q4 09) was in line with expectations at +0.1% q/q, -2.1% y/y (+0.4%/-4.1% prior) UK Halifax House Price Index (Feb) -1.5% m/m (0.3% expected) The Times reports that snow and stamp duty responsible for sending UK house prices down 1.5%. Greece begins sale of 10-year bonds. EU Commission stated that new [...]