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Euro Momentum Stalled By Record Drop In Industrial New Orders

The Euro pushed back above 1.4100 as the single currency has steadily climbed since Friday’s low of 1.3828 before a record low in industrial new orders reversed gains. October saw demand drop 4.7% after a revised 5.4% decline the month prior, dragging the annualized rate down by a record 15.1%.Talking Points • Japanese Yen: Finds Support at 89.70 • Pound: Losses continue • Euro: Falls... [read more]

Deflation Keeps Credit Tight, Treasurys Popular

With deflation still a possibility, credit markets have a hard time loosening upInvestors know the future will bring either inflation or deflation, but they can't decide which. So they're erring on the side of a worst case scenario, keeping the credit markets in a stranglehold and Treasury notes extremely popular.Despite a moderate rise in the stock market Friday, the yield on the two-year Treasury... [read more]


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