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Friday, March 9, 2012

Risk of feeling fades as the Greece, the Australian concerns weigh

 Adding another wrinkle to the current Greek tragedy, then even as the date limit of the Thursday announcement, some private holders are to reconsider their participation in an exchange of debt. Analysts say that without their agreement to Exchange on the maturing debt, the "House of cards" fragile set could be collapsed and the country can be found, once again, on the precipice of bankruptcy. With this news, the Euro and other higher risk currencies came under significant pressure. The EUR/USD pair is currently commercial 1.3144 higher, well off the coast of lower 1.3116 day, and feeling on OpenBook is bullish. OpenBook guru pyruss returned from bull to bear on the past several hours, and scalping small existing profitable returns covered trades. OpenBook guru Peischen is also reversed, but the bear to bull and now follows the trend. It has an allocation of 52% in the EUR/USD pair returned a profit of 1.9%.Also hard hit was the Australian Dollar, which has lost as a result not only of the evolution of the feelings of risk, but also on the economic news which showed that the Australian economy rose much less than expected in the fourth quarter of 2011. Recently, the AUD/USD pair was greater than 1.0559, as well off the coast of the lower of the session of 1.0518; sense of the traders on OpenBook is massively bearish, however. Earlier this week, before the RBA decision to keep rates unchanged, OpenBook guru babczyk bucked the trend and opened a short position with a TP of 1.0342; While the couple is a not fall to this level, the guru took the opportunity to record mileage 45.50% return and manually closed the position to 1.0557.
The Australian Bureau of statistics said that GDP fell 2.3% on a year basis, below the estimate of a consensus of 2.4% and 2.5% of the previous period. On a per month basis, GDP fell by 0.4% a curved revised 0.8%, which was also the call for consensus. OpenBook trader adamlucky has also improved its position with several profitable shorts that have closed in the last 24 hours: the Aussie slipped once again. Disappointing GDP, and taking into account the Reserve Bank of the bias of the Australia towards greater ease, the next meeting of the RBA could prove crucial.

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