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Market Pulse: Euro gains likely short-lived - Kimberley

Monday, January 16, 2012 - 04:48

Jan. 17 - The Euro find support after Germany's ZEW index posts its biggest-ever rise, but Fitch's warning of a Greek default means gains are likely to be short-lived, says Reuters FX Analyst, Neal Kimberley.

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The address is find reasons -- -- shift -- off the Chinese growth slows -- less than expected and Germany's latest city W index posted its biggest seven games. But Euro zone worries I'm not far below the Senate's office it says it expects an orderly default in -- Euros and assets fund support across the board off to the German surprised inequities rising by as much as 1%. I'm peripheral -- also -- low -- test the 3% market it's a reprieve because -- -- six off the sense. The full Fitch's warning on -- subs to cat sentiments. FX markets among those to get caught out by the that he W numbers this morning with the Euro dollar browns and by as much. As one sentence for more drawn by Reuters that -- -- -- Kimberly there was today -- -- -- or tomorrow is this examined. Actually smoking we -- heroes special if you guys can see the CFTC indicted in the loss weeks at least it -- VW numbers come out let fail completely the analysts were going for a number of why why would -- moment ago. I'm people who have to cut their positions. The surprise that money is that your ability not only -- -- did because the market was so struck we -- and a lot of Asian -- coming in. About 120 right to figure for many nothing -- on CDs is a number one at discount. On the periphery whether real action is announcing that that the situation getting back and Allison and these audio out. This is the point isn't it common -- this morning saying expects Athens is deformity the underlying problem has not gone away and you're not spent about this many. It hasn't gone away and interestingly enough after the downright soft brought a biased and -- you've got up full -- -- holding up the EFSF -- fees. One of which Finland is already being notoriously hard politics with this happened well the elections. Who's behind the Europe. This morning people applying it back it was the Interbank market. There was some interest from macro funds of course the elbow jump on the bandwagon Islamabad but essentially it was sure positions being squared up or -- and nobody as far as I could tell was falling in love with the down thing inside she's going northumberland polity vomiting along the -- it was a position adjustment and consequently it's run out of steam again. Then the great things pass tonight because. Eight being the -- is a special price. A special key races Evan not to have it coming tenth place further down the line if only he's going to lining up a senior -- EC Bil lion Matthew -- in Akron in their well they. The subordinate to -- it happens -- -- won't want quick final question when when you speak to you guys in the market -- the Central Bank people. We. Ex colleagues or whoever the corporates. What's the one thing that would shrink a real -- in the year what was that one piece of news now -- look. Piece -- -- to pick on talks about is if they get the saints. That people at the Kohl. And giving out. They've had enough money they. May be it's gonna be the French presidential election. Does this assumptions and snapped power so Longley missed the homeland gets hit by the -- me but but basically the problem days. For the Euro isn't that cool appears to be giving up on the periphery. The rest today. Just knowing it -- thanks a lot. Also today the end could be assigned to -- as long bull run according to Thomson Reuters Jeff MS. The consultancy predicts the precious metal top out about 2000 dollars late this year or early next declining investment to -- I'm strengthening dollar are among the main hand accounts for gold according to -- GF IMS. Jewelry the models -- seen so often to China likely to overtake India is the biggest fire golden accessories. That is it for now join us at noon GMT every weekday for an update on all the big market there are trends. And move us. -- of course the count down to stop -- begins the annual meeting of the World Economic Forum gets under way. Next week.

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Market Pulse: Euro gains likely short-lived - Kimberley

Monday, January 16, 2012 - 04:48