From last night :The FX manipulation in order to prop the futures (only reason way Europe is higher)is ongoing .

The AUD,again against logic(fundamentals )leading and rockening in the Yen gross.The top on the 1/5 minutes chart is a strong SELL signal for more or less everything .

http://www.forexdirectory.net/aud.html.

Also the EUR is strong ??? On bad news :Spain’s(not only Spain !) budget deficit for the first 11 months of the year has ballooned to 6.79% of gross domestic product - five times last year’s figure - due to dipping tax revenues and the mounting costs of combating the economic crisis, the government said on Monday.

The Economy Ministry said in a statement that the central government’s deficit grew to E71.52 billion , up from E13.96 billion) posted in November 2008.

The statement says net income had been E150.75 billion 13.9% less than in 2008, with tax-derived income at E82.93 billion ,7% below last year.

Spain has tumbled from being one of Europe’s top job-creators to having the region’s highest unemployment, at 17.9%, in less than two years.

http://www.forexdirectory.net/euro.html
http://www.forexdirectory.net/jpy.html

- doubledutch

Related Posts:

• Late night News: Dec. 28
• Info from Asia :
• Some things that I cant seem to forget when analysing this downward trend:
• Oct-March are the worst months of the year for jobs.
• Let’s see, that passing of the crisis would be in 2020? 2030?

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