Thread: Market overview
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Unread 12-08-2010, 04:44 AM
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08.12.10

The Asian markets were in a state of uncertainty today. Because of the weak Yen the Japanese stocks rebound.

The USD/JPY consolidates and recoups its losses. The pair is aiming to reach the session high at 84.00.


The European markets opened lower today based on sovereign debts problems predominated over other issues.

The Oil falls and reaches record lows because of markets fears about European debts. The worries regarding Europe's economy situation are still very powerful.

The US dollar grew against its main rivals after Barack Obama decided to prolong tax cuts policy. The base metals rose on this event on expectations that this tax cuts measures will create a demand for the metals.
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