From dora@doraprichnichikova@yahoo.com to alt.bbs.pcboard on Sun Jul 1 14:00:13 2012
From Newsgroup: alt.bbs.pcboard
Greetings.
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But the aussie managed to claw back some
losses (around 5%) and pushed through 1.0400 against the dollar.
– between
around 1640.80-1658.01. If the pair breaks through the top of this trading band it may find resistance around 1663.26-1664.04.
and the economic
sentiment index advancing to 23.4 from 22.3, representing the fifth consecutive rise.
The lack of market moving data may keep a few investors
in Asia on the sidelines given the nervousness in the market surrounding tomorrow’s Spanish bond auction.
The IMF raised its world growth projection
to 3.5% in 2012 from the prior estimate of 3.3% with the U.S. economy expected to grow at 2.1% this year from the prior 1.8% forecast.
In Europe,
CPI remained held steady at 2.7% y/y which is well above the ECB’s target rate and the April ZEW survey results showed unexpected improvement in
Germany and the Euro zone.
U.S. equities rallied sharply with the DJIA
finishing up by about +1.50% and the S&P 500 advancing by around +1.54% to close the day,
Equity markets in Asia are following the positive lead of US
and European stock markets on the back of a reasonably positive Spanish bill
auction, strong Eurozone data, the IMF raising its forecasts and a hawkish tone from the Bank of Canada.
The IMF released its World Economic Outlook
report which indicated that the global economy is slowly improving but warned
that dangers remain.
Sentiment was broadly higher and the dollar was
mostly softer after positive developments in Europe,
– between around
1640.80-1658.01. If the pair breaks through the top of this trading band it may find resistance around 1663.26-1664.04.
Best regards
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