Merkel and SPD reach coalition accord

FXstreet.com (Barcelona) - Some short term positive news for the Euro just hit the wires, as German Chancellor Angela Merkel and the SPD party Leader seem to have reached a deal to form a German coalition government, according to CDU’s Grosse-Bromer. There is no further comments from officials at this point.

PBOC to set up deposit insurance scheme - vice governor

The Shanghai market is trading with a strong bullish momentum in the early going, with some reporters attributing the latest upmove to People’s Bank of China (PBOC) plans to introduce deposit insurance system as soon as possible.
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EUR/JPY back above Fibonacci projection at 137.90 on German political agreement

The EUR/JPY may have just been pushed back into bull mode early Wednesday by news out of Germany of an agreement between Angela Merkel and her political opponents.
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