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Date Posted: 01:07:48 09/28/12 Fri
Author: Charisse Bartoli
Subject: Euro fears ease ahead of Spanish stress tests

Markets have continued their positive bias this morning ahead of the expected release of stress tests for Spanish banks. No surprises are expected here, but anything can happen in these markets. The dollar index continues to drop, as the Greenback is hit by a combination of improving global sentiment and weakish US data. This is helping Gold to push back to the highs and dollar pairs such as the NZD/USD to test recent resistance points. The ongoing dollar weakness is helping the USD/JPY to fall for its eight straight session.

Today we have the Spanish bank stress tests due at some point today. In addition, we have European CPI flash estimates at 10.00. Canadian GDP follows at 13.30. US consumer spending is also released at 13.30, with Chicago PMI at 14.45. The NZD/USD has struggled at these levels in recent times and if a correction were to come, this would be the place.

A good way to play this on BetOnMarkets.com might be a LOWER trade on the NZD/USD predicting that it will close below 0.8300 in 5 days time could return 169% if successful.

Get this trade now, go to: http://goo.gl/S3QVU


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