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Indian Stock markets trading higher, BSE Sensex up by 160 points at 11.03 AM IST
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Prism Cement gains; Ashwani Gujral suggests Rs 79 as target
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Crude Futures Consolidate above $70/bbl as Correlations Rest
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EUR/USD Sinks After More Negative U.S. Data
http://friendfinder.com/go/g1361203
The EUR/USD has dropped through our 3rd tier uptrend line after America’s U of M Consumer Sentiment number came in weaker than expected. Today’s pullback in consumer sentiment adds to yesterday’s disappointing retail sales data. The battered American consumer is not making a return as quickly as analysts hoped due to the persistently high level of unemployment. The S&P futures are off nearly -2% and crude is trading lower by over -3.5% in reaction to the news, dragging the EUR/USD lower due to positive correlations.
http://friendfinder.com/go/g1361203
The EUR/USD has dropped through our 3rd tier uptrend line after America’s U of M Consumer Sentiment number came in weaker than expected. Today’s pullback in consumer sentiment adds to yesterday’s disappointing retail sales data. The battered American consumer is not making a return as quickly as analysts hoped due to the persistently high level of unemployment. The S&P futures are off nearly -2% and crude is trading lower by over -3.5% in reaction to the news, dragging the EUR/USD lower due to positive correlations.
http://friendfinder.com/go/g1361203
USD/JPY Sinks Beneath our 1st Tier Uptrend Line and 95
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