By FXEmpire.com – Economic Events: (GMT)
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Analysis and Recommendations:
Natural Gas continues to amaze, trading at 2.723 +0.069 (+2.60%)
After reaching a bottom last week of 2.32, natural gas bleeped up, as buyers were jumping in figuring it had hit a bottom. The inflow of buyers pushed NG upwards and then profit taking started, but NG held its gains. Mid week, Chesapeake Energy announced it was cutting production until it was economically feasible to produce NG. The midweek energy report, showed ample inventory and the weather man said there would be no cold fronts moving in, but Natural Gas has continued to rise.
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By FXEmpire.com – Economic Events: (GMT)
Analysis and Recommendations:
Crude Oil is currently trading 100.00 +0.29 (+0.30%)
Traders have been wishy washy today as the most recent report issued by the U.S., the Commerce Department reported that fourth-quarter gross domestic product at 2.8%, slightly less than expected.
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If you think about the global e-commerce business that is based in the United States then it must be PayPal. This is a business that allows money transfer and payments to be made via the net. The PayPal online money transfer plays an important role as the electronic alternative payment to the conventional paper method like money orders and checks.
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Switzerland – On Friday, European finance chiefs have tried to calm the fears of global chief executive and other political leaders on the subject of the euro zone. Olli Rehn as the European Monetary Affairs Commissioner said that he expects Greece’s debt restructuring agreement will be reached “if not today maybe the weekend.” Wolfgang Schaeuble as German Finance Minister also said that he was “quite optimistic” about the deal, despite the recent strains in a complex conversation, he did not expect Greece to default.
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