Tuesday, June 12, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

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Market Review 11.6.12

Posted: 11 Jun 2012 12:51 AM PDT

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The euro moved up over 150 pips against the USD and 140 pips against the JPY during overnight trading, following news that a $125 billion bailout was secured by Spain to help its ailing banking sector. Crude oil also advanced more than $2 a barrel, reaching as high as $86.60. That being said, crude has already started reversing its gains and is currently trading around $85.80.

Main News for the Week

Tuesday

• UK Manufacturing Production

Wednesday

• US Core Retail Sales
• US Retail Sales
• US PPI

Thursday

• US Core CPI
• US Unemployment Claims

Friday

• US Prelim UoM Consumer Sentiment

Read more forex news on our forex blog

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