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  2012-02-07

Market Report – 7 February 2012

  •    Risk appetite wanes as Greek negotiations miss latest deadlines  
  •    German chancellor Merkel warns that Greece is ‘running out of time’, but Euro bounces from lows
  •    Aussie still well supported ahead of RBA decision as 1.0680 support holds
  •    US markets ease lower as traders fret about Greece
  •    Oil, gold both continue lower, other commodities also weaken overnight
  •    Today’s focus clearly on RBA at 2.30pm, market expects 25 basis point cut to 4.00%

ForexCT Market Insights Report