Thursday, May 10, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

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Market Review 9.5.12

Posted: 09 May 2012 01:38 AM PDT

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Riskier currencies and commodities fell once again during Asian trading, as investors continue to react to Greek and French elections held last weekend. The EUR/USD dropped as low as 1.2964, close to a three-month low. Crude oil fell to $96.26 a barrel.

Main News for Today

US Crude Oil Inventories- 14:30 GMT
• Crude oil stockpiles have increased dramatically in recent weeks, signaling decreased demand in the world's biggest oil consuming country
• Should today's figure come in above the forecasted 2.0M, the price of oil could fall further during the afternoon session

Read more forex news on our forex blog

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