Technical & Fundamental Analysis 27.05.2011


Dear Trader,
    
Both the European & Asian stocks and the euro rose on Thursday in the light of a report that China was interested in buying bailout bonds of Portugal. However, U.S. stocks dropped since yesterday market data showed weak US GDP and Jobless Claims Data a fact which continues to undermine the US recovery.


The euro pared gains against the dollar on Thursday after Jean-Claude Juncker, president of the Euro group of finance ministers raised worries that Greece may not be able to access the next portion of bailout funds.


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