ForexLive North American Wrap: Spanish Bonds Burned
Spanish 10-year yields up 32bps to 6.06%
Wage free part of tomorrow's Spanish budget
US new home sales 373K vs 380K exp
German HICP +2.0%, as expected
Business Roundtable CEO index tumbles to three year low
General strike in Greece
BOJ's Sato: Won't hesitate in easing further of risks rise enough
Italian EcoMin: No current plans to apply for ESM aid
Fed's Evans lays out what ‘substantial improvement' in employment means
Barclays hikes AUD/USD forecasts
French joblessness hits 3 million
Liikanen: Economy shows worrying signs
Oil touches below $89
NZD leads, CAD lags
S&P 500 down 0.57% to 1433
Dull risk aversion characterized the session. It was the fifth consecutive day of declines for US stocks, the worst streak since July.
None of the anticipated effects of QE3 have come to fruition. The US dollar is stronger and stocks are lower. Questions are mounting.
EUR/USD found buyers just below 1.2840 but the rebound has been limited to 30 pips.
AUD/USD is on a lot of screens because it's testing the 200-day moving average and the 61.8% retracement of the Sept. rally. Strong demand seen at 1.03.
Gold fell as low as $1737 but rebounded $15.
Cable stops rumored below 1.6140 with demand at 1.6120 and more stops below.
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