Commodities Forex News & Analysis

June 11th, 2012

Hopes Fade Over Europe

Market optimism fades as the trading day progresses. A conference call that took place over the weekend regarding Spain’s banking problems was initially greeted positively. Global markets opened higher, with most equities up 2 percent at the pre-market open. Euro/USD gapped up over 100 points from Friday’s close at 1.2516 to the 23.6 percent Fibonacci [...]

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EU Bailout Won’t Fix Spanish Banks

Pressured by other EU governments, Spain has asked the EU for €100 billion in aid to bail out its banks. European leaders say this amount well exceeds what is needed, but they are miscalculating. As with Greece, the aid package is likely too little to permanently quell investor fears that Spain’s banks will collapse, and [...]

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