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	<title>IAI Review.org &#187; CMC Markets</title>
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		<title>Morning MarketTrends: November 8, 2011</title>
		<link>http://www.iaireview.org/2011/11/morning-markettrends-november-8-2011/</link>
		<comments>http://www.iaireview.org/2011/11/morning-markettrends-november-8-2011/#comments</comments>
		<pubDate>Tue, 08 Nov 2011 15:19:47 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=6416</guid>
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Issued by Colin Cieszynski, CFA, CMT, Market Analyst/Education Manager, CMC Markets Canada
Global Markets This Morning
Sentiment has continued to improve this morning as the European political situation continues to stabilize and efforts toward a solution to the debt crisis continue. In Italy there have been rumours that the opposition may abstain on a key budget reform vote which would allow it to pass but leave the door open to a confidence vote and potential election afterward. In Greece, a new Prime Minister is expected to be named today. Also, European Finance Ministers are meeting to hammer out the details of leveraging the EFSF which had been agreed to in principle last month. 
The improved situation has given equities a boost today, following yesterday’s crude oil breakouts which have been confirmed today with UK crude climbing above $115.00/bbl. Defensive plays have been relatively quiet with fear receding from last week’s panic levels. Gold ...]]></description>
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		<title>Morning MarketTrends: October 12, 2011</title>
		<link>http://www.iaireview.org/2011/10/morning-markettrends-october-12-2011/</link>
		<comments>http://www.iaireview.org/2011/10/morning-markettrends-october-12-2011/#comments</comments>
		<pubDate>Wed, 12 Oct 2011 14:59:23 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=6326</guid>
		<description><![CDATA[
Issued by Colin Cieszynski, CFA, CMT, Market Analyst/Education Manager, CMC Markets Canada
Global Markets Overnight 
Confidence has returned to global markets overnight. USD has been knocked back down as capital moves back out to more aggressive stances. European indices have been climbing today, shrugging off yesterday’s no vote on the EFSF expansion from Slovakia on indications that another vote could be held later in the week with negotiations underway. Traders have also been looking to today’s 9:00 am ET speech by EU President Barroso for indications of how a bank recapitalization may be carried out.  
In North America today, stocks have been shrugging off last night’s disappointing earnings report from Alcoa ($0.15 vs street $0.22). This indicates that this summer’s major market selloff has deflated expectations for corporate earnings this quarter. Alcoa blamed the shortfall on lower commodity prices but perhaps more importantly, the company maintained its demand forecast for the ...]]></description>
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		<title>FOREX MORNING COMMENTS &#8211; September 20th 2011</title>
		<link>http://www.iaireview.org/2011/09/forex-morning-comments-september-20th-2011/</link>
		<comments>http://www.iaireview.org/2011/09/forex-morning-comments-september-20th-2011/#comments</comments>
		<pubDate>Tue, 20 Sep 2011 16:27:27 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=6239</guid>
		<description><![CDATA[
(Comments below have been provided by CMC Markets Analyst Michael Hewson)
So another week begins and the same old stories continue to vie for attention with Greece struggling to convince the rest of Europe it can meet its obligations, after having a decision on the next tranche of its bailout delayed until October.The lack of any headway at the Ecofin weekend meeting in Poland, along with a swift dismissal of advice from US treasury secretary Timothy Geithner, merely serves to highlight the simmering tensions among European politicians as they try to balance the competing demands of political unpopularity at home against the need to reassure financial markets.The decision by Greek PM Papandreou to delay his trip to the US this week highlights the concerns surrounding Greece and further austerity measures demanded by the troika, who return to Athens today and are due to meet Greek cabinet ministers to assess whether the ...]]></description>
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		<title>FOREX MORNING COMMENTS</title>
		<link>http://www.iaireview.org/2011/09/forex-morning-comments-2/</link>
		<comments>http://www.iaireview.org/2011/09/forex-morning-comments-2/#comments</comments>
		<pubDate>Fri, 09 Sep 2011 16:20:55 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=6208</guid>
		<description><![CDATA[
Yesterday’s decision by the German constitutional court to ratify the legality of the recent bailouts, along with the passing of the Italian austerity budget in a confidence vote in the senate may well have staved off an imminent crisis, but it certainly hasn’t resolved it. 
If anything it’s probably only bought some time for policymakers, but given the politically toxic backdrop starting to simmer amongst voters in Europe one has to ask the question, how politicians can impose a policy on populations who remain clearly unconvinced about the solutions being asked of or imposed upon them. 
A solution can only succeed if politicians are able to carry their voters along with them, and to date it would appear that politicians have been unable to do that, if scenes in Italy, Greece and Spain are anything to go by, not to mention unease amongst German voters, where Angela Merkel has taken a ...]]></description>
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		<title>FOREX MORNING COMMENTS &#8211; July 21st 2011</title>
		<link>http://www.iaireview.org/2011/07/forex-morning-comments/</link>
		<comments>http://www.iaireview.org/2011/07/forex-morning-comments/#comments</comments>
		<pubDate>Thu, 21 Jul 2011 08:55:20 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5961</guid>
		<description><![CDATA[
The single currency managed to claw back ground from the initial sell off earlier this week after Spain managed to get away an auction of 12 and 18 month T-bills albeit at much higher yields of 3.702% and 3.902% respectively.
The single currency also shrugged off comments by ECB governing council member Jens Nowotny that the ECB might be prepared to countenance a selective default of Greek debt as a way forward, putting him at odds with recent comments made by ECB President Trichet. There is a chance that this apparent divergence of opinion could be a ploy by the ECB to prepare the ground for a tactical retreat on this particular point, given the fact that Nowotny&#8217;s comments weren&#8217;t slapped down. 
This saw Greek 2 year yields surge even higher towards 40%, however hopes remain for some form of agreement at Thursday’s EU summit.
Prospects of significant progress though, remain slim tomorrow, after ...]]></description>
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		<title>FOREX MORNING COMMENTS &#8211; July 7th, 2011</title>
		<link>http://www.iaireview.org/2011/07/forex-morning-comments-july-7th-2011/</link>
		<comments>http://www.iaireview.org/2011/07/forex-morning-comments-july-7th-2011/#comments</comments>
		<pubDate>Thu, 07 Jul 2011 15:27:33 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5904</guid>
		<description><![CDATA[
Even before yesterday some of the upward momentum that had been underpinning the single currency in recent days had started to ebb away. Yesterday’s disappointing economic data continues to raise fears about a Eurozone recovery with below par PMI’s, and slumping retail sales data.
Renewed concerns about Italy hadn’t helped either, where services are showing signs of contraction, in the face of some budget tightening and political uncertainty.
So the single currency slipped further back when Moody’s decided to announce that it was downgrading Portugal’s rating by four notches to junk status “Ba2” and putting it on negative watch, stating that in its opinion, that the country would need a second bailout.
Today’s meeting of international banks in Paris will now take on an even greater importance in the light of yesterday’s move, given that concerns about restructuring had until now only been confined to Greece. Moody’s move yesterday certainly doesn’t make life ...]]></description>
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		<item>
		<title>EUROPEAN MARKET WRAP</title>
		<link>http://www.iaireview.org/2011/05/european-market-wrap/</link>
		<comments>http://www.iaireview.org/2011/05/european-market-wrap/#comments</comments>
		<pubDate>Fri, 27 May 2011 16:24:30 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5765</guid>
		<description><![CDATA[
More US Disappointment Drags on Markets
After a tentative step forward yesterday, markets on both sides of the pond have taken a step back today, unable to sustain upward momentum after US economic data continued to point to a slower economy. US jobless claims rose to 424K last week above the 404K street estimate and still stubbornly above the key 400K level. US Q1 GDP remained at 1.8%, below the 2.2% street estimate. Personal consumption was revised down to 2.2%, well below the 2.7% street expectation.
Off this news, the Dow and the S&#38;P 500 have been rolling over, led downward by Computer Sciences dropping over 15% after posting earnings last night. Luxury goods retailer Tiffany &#38; Co on the other hand has jumped 8.6% after beating the street.
UK shares have also been trading lower today along with indices across the continent, indicating that the broad based market correction that started earlier ...]]></description>
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		<title>FOREX MORNING COMMENT &#8211; May 13th, 2011</title>
		<link>http://www.iaireview.org/2011/05/forex-morning-comment-may-13th-2011/</link>
		<comments>http://www.iaireview.org/2011/05/forex-morning-comment-may-13th-2011/#comments</comments>
		<pubDate>Fri, 13 May 2011 13:28:49 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5632</guid>
		<description><![CDATA[
Bearish sentiment towards the euro continues to build on the basis of a lack of urgency with respect to Greece’s fiscal problems. Another general strike by unions yesterday highlights the concerns that even if further aid were forthcoming there would be no guarantee that the Greek authorities would be able to implement the extra austerity required in exchange for that aid.
As two year Greek yields hit 26% it is becoming increasingly clear that a tipping point is fast approaching, as it became apparent that no swift decision would be forthcoming before next week.
This morning’s ECB monthly report should also shed more light on why the ECB decided to hold rates at this months meeting as well as hold back from uttering the “strong vigilance” words that would have semaphored a rate hike to the market for next month. 
The pound had a slightly better day yesterday despite the Bank of ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>FOREX MORNING COMMENT May 9th, 2011</title>
		<link>http://www.iaireview.org/2011/05/forex-morning-comment-may-9th-2011/</link>
		<comments>http://www.iaireview.org/2011/05/forex-morning-comment-may-9th-2011/#comments</comments>
		<pubDate>Mon, 09 May 2011 13:31:46 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5604</guid>
		<description><![CDATA[
As expected both the Bank of England and the European Central Bank left rates unchanged at their meetings yesterday.
The decision to hold UK rates at 0.5% was no doubt borne out of the weaker than expected economic data seen throughout this week, however the decision will continue to be thrown into sharp focus this morning when April producer price data is due out, with year on year input prices expected to rise to an eye watering 16.4% from March’s 14.6%.
Nevertheless, despite slipping back initially, and making new 52 week lows against the euro, the pound rebounded strongly after a surprise 4% plunge in German Industrial orders for March, which had been expected to rise 0.1%. 
This weakness in recent economic data in Europe suggests that higher rate expectations are starting to impact on sentiment, not only in Europe amongst consumers, but within Germany as well.
This weakness may have contributed to the ...]]></description>
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		<slash:comments>0</slash:comments>
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		<title>FOREX MORNING COMMENT &#8211; April 21st, 2011</title>
		<link>http://www.iaireview.org/2011/04/forex-morning-comment-april-21st-2011/</link>
		<comments>http://www.iaireview.org/2011/04/forex-morning-comment-april-21st-2011/#comments</comments>
		<pubDate>Thu, 21 Apr 2011 15:43:59 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Job & Careers]]></category>
		<category><![CDATA[CMC Markets]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5451</guid>
		<description><![CDATA[The US dollar has been pounded across the board in the past 24 hours, falling against all the major currencies as the US dollar index pushes below its 2009 lows at 74.17. This break below these lows could now well target a move towards its all time lows at 70.70 last seen in March 2008.
The single currency has continued its Teflon coated rise, pushing to 15 month highs on higher rate expectations, on the back of the relative success of yesterday’s Spanish and Portuguese bond auctions, albeit at much higher rates.  
Some talk in yesterday’s afternoon session that a Greek restructuring could be announced over the Easter break did prompt some nervousness, but this was largely shrugged off as the Euro looks to break above 1.4600 and close in on the 1.5000 level. 
The Australian dollar continues to surge to post float highs pushing above 1.07 for the first time since 1982, helped ...]]></description>
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