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Euro fell towards most of its major counterparts

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Category: Forex

The euro fell towards most of its major counterparts as Greek Prime Minister Antonis Samaras struggled to get the members of three-celebration coalition to assist a bundle of further austerity measures, which will probably be voted on as soon as tomorrow.

Most markets began off the morning quiet, with the US equity markets displaying slight gains. The DEC 12 Nasdaq is strongest of the fairness indexes to this point, posting good points of .seventy two%. With U.S. presidential elections imminent, we considertoday will likely find yourself being a low volatility day throughout the board. Crude oil has discovered some doable quick covering immediately, posting small good points of $0.34.

 

The biggest down days within the commodities markets as we speak might be found in oat futures and occasional futures. Even with corn and soybean futures posting slight losses, oat futures are discovering pretty sturdy selling, posting losses of -1.31%. 360 is our next key technical help level for oats. The market is trading very near this degree today.

Espresso, equally to oats, is buying and selling very near their longer-term help degree at 150. Coffee has been wanting very weak, so we would see coffee trade down by this key help level.

We’d like to focus closer on the DEC12 Aussie dollar. This is a very interesting market, because even with the latest U.S. Dollar Index rally above eighty, the Aussie dollar has probably not budged to the downside. It is even exhibiting a optimisticday at present while the U.S. Greenback Index is optimistic as well. 
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