The 1-0 over-time victory of Spain over the Netherlands in yesterday's World Cup Final has generated an interesting question among market analysts. Does this victory put optimism and positive sentiment back into Spain's crumbling economy? Can it boost short-term growth enough to add further momentum to the euro's latest gains against its primary rivals?

Summary

USD - USD Sinking Under Weight of Risk Appetite

EUR - Does Spain's Victory in the World Cup Help the EUR?

JPY - Kan's Democratic Party Defeat Saps JPY Strength

OIL - Chinese Imports and Weak USD Boost Oil above $76

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Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 14:00 GMT.

Summary

USD - USD Rises against EUR on Sign of Strengthening Economic Recovery

EUR - EUR Weakens to a 1 1/2-Year against the Pound

JPY - Yen Sees Mix Results against the Majors

Crude Oil - Oil Falls below $78.50

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