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Greek euros: how to spot them

Posted by Forexsq 1 day 13 hours ago (http://blogs.telegraph.co.uk)
img Hopes are rising of a happy ending to the eurozone crisis, with speculation that Greece may be able to meet German demands, but those who fear the Continental currency must disintegrate eventually may still find useful some simple steps on how to spot a Greek euro – as opposed to a German one. Some euros might be more widely accepted than others, if the crisis takes a turn for the worse, dependin

Euro Erases 0.4 Percent Advance Against U.S. Dollar; Pares Gain Versus Yen

Posted by Forexsq 1 day 13 hours ago (http://www.bloomberg.com)
img The euro erased an advance against the dollar, trading little changed at $1.3234 as of 7:37 a.m. London time, after rising to $1.3293 earlier.

The 17-nation currency was less than 0.2 percent stronger at 105.63 yen, paring a gain of as much as 0.5 percent.

European Stocks Drop After Greece as Euro Weakens, U.S. Futures Pare Gains

Posted by Forexsq 1 day 8 hours ago (http://www.bloomberg.com)
img European stocks declined from a six- month high and the euro weakened against the dollar on concern that Greece’s debt crisis will persist even after a second bailout. U.S. equity futures pared gains while Treasuries fell.

The Stoxx Europe 600 Index lost 0.6 percent at 7:25 a.m. in New York. Standard & Poor’s 500 Index (SPX) futures added 0.1 percent, after gaining as much as 0.7 percent. The

Euro trades flat after Greece rescue deal

Posted by Forexsq 1 day 8 hours ago (http://www.marketwatch.com)
img The euro traded flat against the dollar and Japan’s yen Tuesday, failing to extend gains in the wake of a euro-zone agreement to approve a long-awaited bailout for Greece in what would be the second such financial rescue for the debt-ridden nation.

The euro EURUSD -0.17% changed hands at $1.3200, virtually unchanged from Monday, and also traded flat against the yen EURJPY -0.11% at ¥105.10.

RPT-FOREX-Euro turns lower as Greek deal lift wanes

Posted by Forexsq 1 day 5 hours ago (http://www.reuters.com)
img The euro turned lower on Tuesday as an initial boost from Greece'e overnight debt deal waned and investors began selling into rallies.

Euro zone finance ministers sealed a 130-billion euro deal on aid for Greece, averting a chaotic default next month. But traders said an agreement was widely flagged and the euro may struggle to rise above resistance around $1.3307.

The euro was 0.1 percent

Yen falls after dovish central bank remarks

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img Forexsq.com - The Japanese yen lost further ground Friday on the back of dovish comments from the central bank government, as the dollar edged higher and the euro slipped.

The U.S. dollar extended its move higher against the yen USDJPY +0.13% , passing the ¥79 level to buy ¥79.43, up from ¥78.85 in late North American trading on Thursday.

The euro EURJPY +0.26% bought ¥103.71, a 0.1% gain

Flash Germany PMI

Posted by Forexsq 12 hours ago (http://www.markiteconomics.com)
img Output growth was maintained across the German private sector in February, according to the latest Markit Flash Germany Composite Output Index. At 52.9, down from 53.9 in January, the seasonally adjusted index was above the 50.0 no-change value for the third month running. The latest reading signalled a solid pace of expansion, albeit less marked than the seven-month high reached in January. High

Nasdaq nears 3,000 on wings of Apple, Microsoft

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img Forexsq.com - The Nasdaq Composite, 40 points away from 3,000 and the clear outperformer among the major indexes this year, risks signaling a fresh tech bubble.

“If it hits 3,000, it would be one of those things where we might step back, assess the market some more,” said Jim Russell, chief equity strategist and U.S. Bank Wealth Management.

A rebound above 3,000 would be a first since Nov.

Japan MOF: yen weakening due to BOJ, Greek bailout

Posted by Forexsq 12 hours ago (http://www.reuters.com)
img Forexsq.com - A senior official at Japan's Ministry of Finance said on Wednesday that the yen's weakening was due to last week's monetary easing by the Bank of Japan and the euro zone agreement on a Greek rescue package. But the official added that market speculation that could contribute to the yen's rise is persisting and Japan will continue to monitor currency moves and respond as appropriate.

We should worry about Apple’s reputation

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img Apple is now America’s most admired company. Investors may therefore want to think twice before investing in it.

Yes — you read that right. Believe it or not, stocks of the most admired companies often fail to produce the returns going forward that investors hope and expect.

So this past week’s release of Harris Interactive’s annual survey of corporate reputations should definitely give inv

Greek Crisis Raises New Fears Over Credit-Default Swaps

Posted by Forexsq 12 hours ago (http://www.cnbc.com)
img Greece’s debt restructuring is dragging credit-default swaps back into the spotlight. The last time this financial instrument was on the global stage was in 2008, when the American International Group’s [AIG 27.33 0.10 (+0.37%) ] credit-default swaps brought the insurer, as well as the wider financial system, to the brink of collapse. A.I.G. had unique weaknesses, and regulators have started to o

Stock futures hold slight edge after CPI

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img U.S. stock futures held steady after the government’s consumer price index rose 0.2% in January, just under the 0.3% expected by analysts.

The core rate that excludes volatile food and energy prices held at 0.2%, in line with expectations

Futures on the Dow Jones Industrial Average DJH2 +0.31% rose 31 points to 12,901. S&P 500 Index futures SPH2 +0.25% were up 2 points to 1,356.80, while

Dollar pushes higher, rising above 80 yen

Posted by Forexsq 11 hours ago (http://www.marketwatch.com)
img Forexsq.com - The U.S. dollar pushed higher on Wednesday, climbing above the 80-yen psychological level, as relief over Greece’s debt agreement subsided, and data showed Chinese manufacturing activity contracted in February.

The ICE dollar index DXY +0.18% , which measures the greenback’s performance against a basket of six other currencies, rose to 79.116 from 79.023 in North America late Tue

Record $6 Trillion of Fake U.S. Bonds Seized

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img Forexsq.com - Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt.

The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight peo

Europe stocks lower after manufacturing data

Posted by Forexsq 11 hours ago (http://www.marketwatch.com)
img Forexsq.com - European stock markets pushed lower in early trading on Wednesday, as a gauge for business activity in the euro zone showed the region slipped back into contraction in February.

The Stoxx Europe 600 index XX:SXXP -0.59% shed 0.7% to 265.02, adding to Tuesday’s losses.

On the upside, Peugeot SA FR:UG +11.57% jumped 8.8% after the French car maker said late Tuesday that its in