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What is LTRO?
LTRO stands for Long Term Refinancing Offer and a program used by the ECB to inject liquidity into the European banking system. Contrary to popular belief LTRO is not a new program and has been …
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Will EU Leaders Successfully Repair Europe?
The financial markets desperately needs a strong commitment from EU leaders to turn the tide in Europe. The hope now rests on this week’s European Leaders Summit, scheduled for June 28 and 29 or Thursday …
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Boris BNN 06.22.12 Why USDJPY is a Buy
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EUR: Unimpressed by Growth Package & ECB Collateral
Daily FX Market Roundup / Asia Preview 06-22-12 EUR: Unimpressed by Growth Package & ECB Collateral Changes USD: Next Week’s Data Should Reinforce Need for QE3 GBP: Stronger Data Does Not Remove Risk of QE …
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Schlossberg Likes Dollar as `Safe Haven’ Investment
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EZ Events, CAD CPI Data to Force BoC to Neutral
The lack of U.S. economic data has meant a quieter morning in the foreign exchange market. Most of the major currencies, the euro included are trading unchanged or lower against the U.S. dollar. As Eurozone …
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Risk Currencies Quietly Consolidate
Market Drivers Risk remains under pressure after Moody downgrade IFO weaker than forecast but EUR/USD sees little reaction Nikkei down -0.29% Europe -0.79% Oil at $78/bbl Gold at $1568/oz. Asia/Europe Eco Data: JPY Supermarket Sales …
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German IFO Misses But Euro Steady
German IFO survey of business confidence printed lower than forecast at 105.3 versus 105.6 eyed dropping to its lowest level in two years as credit crisis conditions in Europe weighed on corporate sentiment. The latest …
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Kathy CNBC Pressure on EUR 06.21.12
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Dollar: Rising on Weak Data
Daily FX Market Roundup / Asia Preview 06-21-12 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management USD: Rising on Weak Data EUR: German Growth Concerns Overshadow Potential Progress on Economic Union …