From the daily archives: Friday, February 5, 2010

Feb. 5 (Bloomberg) — The euro fell to an almost one-year low against the yen and to the weakest level in eight months versus the dollar on concern budget deficits in Greece and other European nations will hamper the region’s growth.

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U.S. stocks fell in choppy trade on Friday as investors struggled to interpret a mixed jobs report, while sovereign debt troubles in the euro zone roiled markets heading into the weekend.

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Risk appetite has tumbled and we have seen critical breaks for many of the market‘s benchmarks. However, like the Dow’s attempted stand at 10,000; there are critical support levels popping up across the market – and especially with the commodty crosses. The most appealing breakouts among these pairs seemed to come from the [...]

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