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Some Technical Thoughts

December 30, 2011
Euro:   It has not closed above its 20-day moving average since late October.  It comes in now $1.3120 and falling around 20 ticks a day.  Ahead of there resistance is likely to be encountered in the $1.3000-50 area.  The 50 day moving average crossed below the 200 day (golden cross) in early October.    Volatility has trended lower most of the mo…
Some Technical Thoughts Some Technical Thoughts Reviewed by Marc Chandler on December 30, 2011 Rating: 5
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Dollar Finishing Year Mixed, Second Annual Gain Against Euro

December 30, 2011
The US dollar is narrowly mixed as activity winds down. The main price action to note is that the euro fell through the JPY100 level for the first time since mid-2001. For the most part, the dollar is confined to yesterday's ranges against the major currencies.
Emerging market currencies are finishing the year in mixed fashion as well. Interve…
Dollar Finishing Year Mixed, Second Annual Gain Against Euro Dollar Finishing Year Mixed, Second Annual Gain Against Euro Reviewed by Marc Chandler on December 30, 2011 Rating: 5
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Euro Slump Extended, Mediocre Italian Bond Auction, Poor Hungarian Debt Sale Euro Slump Extended, Mediocre Italian Bond Auction, Poor Hungarian Debt Sale Reviewed by Marc Chandler on December 29, 2011 Rating: 5
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Great Graphic: Global Debt Clock from The Economist Great Graphic: Global Debt Clock from The Economist Reviewed by magonomics on December 28, 2011 Rating: 5
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Italy Raises Funds, Market Still MIA

December 28, 2011
A favorable reception to Italy's debt sales failed to breathe fresh life into the moribund foreign exchange market.  The euro continues to trade in last Thursday's range of $1.3017-$1.3119.  It continues to trade within the range seen on Monday, when much of the world was still on Christmas break, and it was confined to $1.3035-$1.3083.���…
Italy Raises Funds, Market Still MIA Italy Raises Funds, Market Still MIA Reviewed by Marc Chandler on December 28, 2011 Rating: 5
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Japan and China: Small Beer

December 26, 2011
The main financial development over the Christmas holiday was an apparent agreement between Japan and China on a wide range of financial issues. The two key aspects are an effort to settle more of the bilateral trade in yen or yuan and that Japan will apply to buy Chinese bonds next year.
Japanese officials had already signaled interest in buying …
Japan and China: Small Beer Japan and China: Small Beer Reviewed by Marc Chandler on December 26, 2011 Rating: 5
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Happy Holidays from Marc to Market!

December 25, 2011
Well I'm Jewish, but my webmaster (and let's face it she is running the show here) thought I should put some holiday spirit on the site. So I give you Last Christmas by Wham! as the (clearly superior) Taylor Swift cover doesn't have a music video.

Happy Holidays from Marc to Market! Happy Holidays from Marc to Market! Reviewed by magonomics on December 25, 2011 Rating: 5
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