Source: ForexYard
The euro saw moderate gains in overnight trading, but remained low as investors continue to worry about the outcome of Greek elections scheduled for Sunday. Crude oil reversed its gains from yesterday and is currently trading around $82.55 a barrel. Gold continues to move up, as investors now view it as a safe-haven asset. The precious metal is currently trading at $1618.15 an ounce.
Main News for Today
Italian Bond Auction
• Investors will be closely watching the auction to see if the euro-zone debt crisis has spread beyond Spain and Greece
• Poor demand for Italian bonds could cause the euro to fall during afternoon trading
US Core CPI-12:30 GMT
• The USD fell against the yen during trading yesterday after several US indicators came in below their expected levels
• The same trend could occur today if the Core CPI comes in below the expected 0.2%
US Unemployment Claims-12:30 GMT
• Forecasted to come in at 377K
• Anything above the forecasted level could cause the USD to take losses during afternoon trading
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