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18 Apr 2013
Session Recap: Currencies consolidate yesterday's levels; everybody waits Italy
FXstreet.com (San Francisco) - The USD traded lower on Thursday but not too much as currencies remained around Wednesday closes. Market was waiting for Italy resolutions but the Italian parties didn't reach an agreement. Weak US fundamental data pressured the risk appetite to the down and investors kept the cautions mode across the day.
Meanwhile, the German parliament approved the rescue package for Cyprus today. The vote fueled the sentiment and the Euro rose but, as said before, US data wasn't good to sustain the confidence. However this success, Europe is still waiting for a government in Italy.
Main headlines in the American session:
US: Initial Jobless Claims rose to 352K
Bundestag gives the green light to the Cypriot bailout
Commodities Brief – Gold prices capped at 1400 barrier, crude loses grip on 88.00 level
American equity markets continue to slide Thursday
US: Philadelphia Fed Manufacturing Survey disappoints at 1.3 in April
US: CB Leading Indicator contracts by -0.1% in March against expectations
Rumors of French banking trouble hitting EUR
Shares of SocGen hit hard
EUR/USD reverses losses; testing session highs
ECB’s Weidmann warns of FX manipulation
Italian parliament fails to elect president on second ballot
Forex: GBP/USD back below 1.5300
Forex: GBP/USD back below 1.5300
ForexLive Americas wrap: Chop chop
Wall Street closes sharply lower
Meanwhile, the German parliament approved the rescue package for Cyprus today. The vote fueled the sentiment and the Euro rose but, as said before, US data wasn't good to sustain the confidence. However this success, Europe is still waiting for a government in Italy.
Main headlines in the American session:
US: Initial Jobless Claims rose to 352K
Bundestag gives the green light to the Cypriot bailout
Commodities Brief – Gold prices capped at 1400 barrier, crude loses grip on 88.00 level
American equity markets continue to slide Thursday
US: Philadelphia Fed Manufacturing Survey disappoints at 1.3 in April
US: CB Leading Indicator contracts by -0.1% in March against expectations
Rumors of French banking trouble hitting EUR
Shares of SocGen hit hard
EUR/USD reverses losses; testing session highs
ECB’s Weidmann warns of FX manipulation
Italian parliament fails to elect president on second ballot
Forex: GBP/USD back below 1.5300
Forex: GBP/USD back below 1.5300
ForexLive Americas wrap: Chop chop
Wall Street closes sharply lower