Wednesday, June 20, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

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Market Review 19.6.12

Posted: 19 Jun 2012 12:46 AM PDT

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The euro staged a mild recovery in overnight trading against the US dollar, but still remained bearish due to record high Spanish bond yields. Crude oil also took losses last night, while gold continues to benefit from its status as a safe-haven asset. The precious metal is currently trading above $1630 an ounce.

Main News for Today

German ZEW Economic Sentiment-09:00 GMT

• Analysts are predicting the figure to come in at 3.8, well below last month's result of 10.8
• If true, it may raise fears that the euro-zone crisis is spreading to other countries in the region and may result in further euro losses today

US Building Permits- 12:30 GMT

• Analysts are forecasting a slight increase over last month's figure
• Should the news come in above expectations, the dollar could see gains against the yen today

Read more forex news on our forex blog
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