8 percent retracement of the euro climb from its January canada

Опубликовано 24 августа 2013
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Canada Goose sale Euro edges down ahead of Spanish bond auction Canada Goose sale

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buy canada goose jacket TOKYO, April 17 (Reuters) The euro lost some ground on Tuesday, a day after short covering https://www.uscanadagooseoutletsale.com helped it pull away from two month lows against the dollar, and remained vulnerable ahead of a Spanish bond auction as euro zone debt jitters showed no signs of abating. buy canada goose jacket

Canada Goose Parka Spain is set to see its borrowing costs leap when it sells short term bonds after concerns over its deficit and banking sector pushed longer term risk premiums above 6 percent and drove the cost of insuring its debt to a record high. Canada Goose Parka

cheap Canada Goose The developments fuelled concerns Madrid might fail to meet deficit targets as the country acknowledged it has probably tipped into its second recession since 2009. That would raise Canada Goose Outlet the risk of it canadian goose jacket being pushed into seeking an international bailout. cheap Canada Goose

canada goose clearance The common currency shed 0.2 coats percent to $1.3110, Canada Goose sale having aggressively pulled away from a nadir at $1.2995. Apart from short covering, traders cited euro buying by European firms and repatriation of funds by euro zone banks as factors helping the pull back. canada goose clearance

a lot uncertainty about Spanish yields, so of course if something goes off script at the auction today the euro may come under pressure again, said Bank of Tokyo Mitsubishi UFJ analyst Teppei Ino.

canadian goose jacket said, the support around $1.30 is very strong and it held overnight, uk canada goose outlet so I would canada goose clearance sale expect the currency won be able to break it just yet. canadian goose jacket

canada goose coats Traders said there cheap canada goose uk were stop loss sell orders below $1.2970 and were eyeing an strong support at $1.2954, at the 61.8 percent retracement of the euro climb from its January canada goose factory sale low to a peak in February. canada goose coats

canada goose The influential ZEW German sentiment index due at 0900 GMT could also swing the Canada Goose Online market in the event packed day. It is seen dropping, to 20.0, from 22.3 in March cheap Canada Goose its highest level since June 2010. canada goose

if ZEW comes well above expectations, it really hard canada goose uk outlet to find buy canada goose jacket cheap a reason to canada goose clearance happily buy the euro at these levels, especially ahead of another Spanish auction said Koji Fukaya, chief currency strategist in Credit Suisse in Tokyo.

buy canada goose jacket cheap Spain holds Canada Goose online auctions of two year and 10 year bonds on Thursday. Any sign that 10 year yields uk canada goose are heading closer to 7 percent a level regarded as unsustainable could prompt further euro weakness. buy canada goose jacket cheap

canada goose black friday sale Compounding Spain fiscal woes, its banks borrowed a record 316.3 billion euros ($412 billion) from the ECB in March, almost double the previous month total, canada goose black friday sale as they remained virtually canada goose coats on sale excluded from canada goose store wholesale credit markets. canada goose black friday sale

are beginning to question if Spain fiscal austerity measures could be sustainable as its economy deteriorates, while sluggish growth would push housing prices lower and raise the risk canada goose uk black friday of nonperforming loans ballooning, said Takao Hattori, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo.

Adding to uncertainty, South Korean Vice Finance Minister Shin Je yoon said the Group of 20 nations will struggle to reach a deal on boosting the International Monetary Fund resources at a finance ministers meeting this week.

Canada Goose online Against the yen, the euro was 0.2 percent down at 105.43 yen, h aving hit the trough of 104.63 yen on Monday, a level not seen since mid February. Canada Goose online

AUSTRALIAN RATE canada goose uk shop CUT AHEAD? Commodity currencies were slightly lower after Reserve Bank of Australia policy meeting minutes showed it would consider cutting rates in May if data due canada goose coats next week confirmed a benign inflation outlook.

The Australian dollar fetched $1.0320, down 0.4 percent on the day, with support seen around 1.0310, while the New Zealand dollar was down 0.5 percent at $0.8157.

canada goose coats on sale Figures on inflation for the first quarter are due on April 24 and are expected to show annual underlying inflation remained in the middle of the RBA 2 to 3 percent target band. canada goose coats on sale

canada goose clearance sale This is why the markets are now pricing in a 90 percent chance of a 25 basis point easing at the May 1 meeting. canada goose clearance sale

Canada Goose Jackets With risk aversion back in force, market players bought back the yen, driving the dollar down to a seven week low of 80.29, before it recovered slightly Canada Goose Jackets to last stand at 80.40 yen. Canada Goose Jackets

Canada Goose Outlet While many canada goose market players had expected the dollar to stay above 80 yen due to expectations of further monetary easing by the Bank of Japan later this month, some now see a greater likelihood of short Canada Goose Coats On Sale covering in the yen as data showed Canada Goose Parka last week that speculators net yen short positions remained near a five year high. housing data and industrial buy canada goose jacket output for March, due at 1230 GMT and 1315 GMT respectively Canada Goose Outlet.

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