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Wednesday, June 9, 2010

A Recovery for Stocks and the Euro Offers Speculative Footing for a Crude Advance

Looking across the speculative markets Tuesday, risk appetite was visibly recovering the composure it had lost following the warnings of a Hungarian default and the questionable NFP data from this past Friday. Gauging the bearing and intensity of speculative sentiment, the Dow Jones Industrial Average climbed 1.26 percent while EURUSD advanced a more manageable 0.4 percent.

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[Source: DailyFX Forex Market News]

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