Forex Market Updates & Commentary
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- EUs Van Rompuy says fast track amendments to EU rules could be reinforced by deeper adjustment to treaty
- GBPUSD moves back toward the days midpoint after finding support against the 200 hour MA
- EURCHF pounds against the days highs but finds profit takers on the first test
- AUDUSD at the midpoint of days range and struggles with direction
- USDJPY stays steady.
- SNB and BIS decline to comment on market talk that BIS is buying EURCHF
- GBPUSD tests the 200 hour MA. Stays between the “Goal Posts”
- S&P Kraemer says a downgrade of negative watch is no means certain
- Market talk of BIS bid in EURCHF/USDCHF
- Bank of Canada leaves rates unchanged
- S&P notes that crisis in EU has become a bigger near term threat
- Canada Building Permits Much Stronger at 11.9% vs 1.6% Expectations and Prior of -4.9%. Revision Also Stronger
- Canada Building Permits rise 11.9%.
- Bobbys Corner-Open Market-December.6.2011
- EFSF credit rating may be cut by S&P: S&P reports
