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Moody's cuts outlook on advanced economies

Moody's has just cut its outlook on advanced industrialized economies despite the significant improvements in global markets. Moody's notes that the US, the UK, China will continue to expand in 2013, while the Euro-Zone growth outlook may continue to be stagnant along 2013.

Forex: EUR/USD, 1.3250 or 1.35 firm candidates on next move

In the wake of the Chinese new year of the snake, and with a dark moon week developing, often said to be linked to less energy for things, the FX market and the EUR/USD in particular are struggling to get out of second gear, with low levels of vitality in the price activity, and price action showing choppier and stranger moves all around.
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