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Author: Darrell Jobman

No Greek Deal With Private Creditors

EUR/USD The Euro held steady in the first part of the European session on Tuesday and again challenged levels above 1.32, but it was unable to make fresh highs. Although the German unemployment data was better than expected with...

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Sharp Drop in Portuguese Lending

EUR/USD The Euro found support on dips to just below the 1.31 level against the dollar during Friday and pushed higher again during the US session. There were further suggestions that a Greek private-sector debt deal was in...

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Dollar Was Still Under Pressure

EUR/USD The Euro maintained a firm tone in Europe on Thursday with strong buying support ahead of the US open as it pushed to fresh one-month highs in the 1.3170 area. The dollar was still under pressure following the more...

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Risk of Fresh Trade Tensions

EUR/USD The Euro hit resistance above 1.3020 against the dollar in Europe on Wednesday and there was only a brief advance following the better than expected German IFO survey. The currency then traded with a weaker bias ahead of...

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Selling Pressure Resumed

EUR/USD The Euro was unable to extend gains early in Europe on Friday and dipped sharply back to the 1.29 area against the dollar ahead of the US open as selling pressure resumed. There were expectations that Greek negotiators...

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Rise in Portuguese Yields to Record Highs

EUR/USD The Euro found support in the 1.2750 region against the dollar on Wednesday and challenged resistance levels above 1.28 as there was further pressure for a covering of short positions given the huge positioning bias in...

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