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Written by ForexTraders.com on
September 03, 2010 at 4:55 PM ET
Just as anticipated here yesterday, employment numbers of several past months have seen significant upward revisions, and this month's result turned out to be better than expected, although, still far from being satisfactory. Among the many interesting facts in the release, we note in particular the fact that this time, in spite of the Census Bureau layoffs being over, the public sector contributed a significant negative value to the headline ...
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Written by ForexTraders.com on
September 03, 2010 at 10:35 AM ET
The U.K. released Services PMI during the London session Friday morning. The expected figure was 53.1, but the actual release disappointed slightly to the downside at 53.0. The purchasing Manager's Index is considered a leading indicat...
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Written by ForexTraders.com on
September 03, 2010 at 10:25 AM ET
The European Central Bank kept rates unchanged at 1.0% as expected on Thursday morning. The market was not so interested in the actual interest rate announcement near much as ECB President Jean-Claude Trichet's press conference 45 minutes la...
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Written by ForexTraders.com on
September 03, 2010 at 9:52 AM ET
As everyone waits for the all important non-farm payroll numbers to be released tomorrow morning at 8:30, there is time to take a breath and ruminate about why there is so much uncertainty in today's trading markets. The S&P 500 has been stuc...
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Written by ForexTraders.com on
September 03, 2010 at 9:33 AM ET
Oil, and stocks rose, the dollar fell, in reaction to generally positive data from the U.S. Initial jobless claims fell by 6000, pending home sales rose by 5.2%, which, combined with the positive manufacturing numbers earlier in the week, led to a...
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Written by ForexTraders.com on
September 02, 2010 at 11:54 AM ET
Two of the most powerful people in the world will speak Thursday morning concerning the global economic outlook. The EUR/USD has moved up slightly during the London session on the heels of positive bond auctions in Spain and France; however,...
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Written by ForexTraders.com on
September 01, 2010 at 3:58 PM ET
Stocks in China, HK, Japan, US, SouthAmerica, Europe and elsewhere were up today, commodities also rallied, while gold suffered some losses. Most of it was due to a series of robust data recently, boosted by today's manufacturing PMI numbers....
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Written by ForexTraders.com on
September 01, 2010 at 10:11 AM ET
After nearly 2 weeks of trading within a tight 150 pip range, the euro broke upside resistance at 1.2780 during the London session early Wednesday morning. The euro actually broke through 2 key swing HI's on the hourly chart as it broke to t...
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Written by ForexTraders.com on
August 31, 2010 at 3:21 PM ET
Yesterday's Asian session saw a lot of activity and was generally dominated by sales, but the American market seems to have found some floor on somewhat positive confidence and home sales data. The market seems to be rowing against the currents, h...
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Written by ForexTraders.com on
August 31, 2010 at 10:54 AM ET
The EUR/USD and GBP/USD have both continued to move inside of relatively tight trading ranges over the last 2 weeks as investors try to formulate a game plan for the second half of 2010. Economic signals are quite mixed with the United State...
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