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G8 Urges Greece to Stick to Reforms

International Markets: Representatives of the G8 including France, Germany, Russia, and the UK urged embattled nation Greece to stick to the agreed terms of the EU-IMF bailout package and remain in the currency union. With uncertainty surrounding the best means of tackling the Eurozone crisis, markets again fell across Europe. The FTSE retreated 1.33%, while [...]

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Weekly Market Wrap Up

Talks Fail and Greece Heads to Elections Again

International Markets:   European stock markets fell again overnight as last ditch talks by Greek politicians to form a coalition government failed and a new election was touted to be held next month. Investors remain concerned that Greece will soon be out of the Euro as austerity measures are neglected in the wake of the [...]

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Forex News

  • AUD/USD Daily Outlook
    Intraday bias in AUD/USD remains on the downside with 0.9957 minor resistance intact. Current fall is expected to continue to 0.9663 support first, then 161.8% projection of 1.0852 to 1.0225 from 1.0473 at 0.9459. On the upside, above 0.9957 minor resistance will turn bias neutral and bring consolidations. But recovery

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