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Market Volatility And A Short Term Bottom?
First thing I want to say is that no one should “count” on a bounce. Suddenly the bulls are coming out of the wood work to say that a short term bottom is in. But, I say again…you CANNOT bet the farm on a short term bottom, ...
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Starbucks Hit By Economy, Plans Hefty Store Closures
The global gourmet coffee giant, is and has been under tremendous pressure to come up with something, anything to regain Investor confidence, as a weakening US economy is having a dramatic effect on earnings. The company had previously ... ...
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Daily Forex Market Commentary
EURO. The euro lost marginal ground vis-*-vis the US dollar today as the single currency tested bids around the US$ 1.5720 level and was capped around the $1.5815 level. The common currency extended some of yesterday’s intraday losses ...
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New Energy Finance - NEX - Week in Review
It is amazing how fast Tuesdays come around! Each week on Tuesday I provide a review of the previous week’s performance of the WilderHill New Energy Global Innovation Index, symbol NEX. This information is provided by New Energy Finance ...
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Will Countrywide Be Bank Of America’s Golden West?
Wachovia (wb) effectively threw in the towel today with respect to making a return on their purchase of Golden West when they decided to stop offering option-ARMs. When you consider the fact that Countrywide (cfc) has even larger ...
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Vanguard’s New ETF Covers The World
Vanguard is becoming more worldly, as the provider has launched an all-world exchange traded fund (ETF) on NYSE Arca. Vanguard Total World Stock ETF (VT) is based on the FTSE All-World Index, and tracks the performance of 2900 stocks of ...
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Forex Special Preview: A Detailed Preview of the US Unemployment ...
Find attached a detailed preview of the US Unemployment report due out tomorrow at 8:30. As always the event risk for the market increases greatly during this release. The volatility and risk will be magnified by the ECB...
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Forex News:US Treasury Secretary Paulson on the wires
SHOULD NOT BE SURPRISED IF THERE ARE MORE HOME-PRICE DECLINES; UK AND EUROPE SHOWING SIGNS OF SLOWING; EMERGING ECONOMIES TO CONTINUE TO BE STRONG; HOUSING POSES A SIGNIFICANT DOWNSIDE RISK TO THE US; CALLS ENERGY, MARKETS, ...
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Forex Trading: EURUSD stops being hit
EURUSD runs into stops above the days highs and moves to the new highs.
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Forex Trading: EURUSD shrugs off the stronger Factory Orders
Holds the 1.5843 level and moves higher. Looks to test the highs at 1.5873, but should run into good intraday sellers there.
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Forex News: Factory Orders better than expected
Come in at +0.6 versus +0.5% expected. The prior month revised higher to +1.3% versus +1.1%. Ex Transportation orders were up 0.4%. Durable Goods which were reported a week ago were unchanged at 0.0% while non-durable good sales which ...
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Forex Trading: NZDUSD breaks resistance on the dollar weakness
The NZDUSD broke through the key resistance against the 0.7589 to 0.7594 area where the 100 and 200 hour MA and the 50% retracement level all preside. This will now be support for the pair as it wonders how policy might go in...
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Forex Trading: EURUSD trying to stay above support
The EURUSD has broken above the June 9th high of 1.5843 and is looking to test the area to see if the bulls can remain in charge today. The pair has retracement support down to the 1.5836 level. A move below 1.5825 would not be good for ... ...
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Forex Trading: EURGBP gives the EURUSD a bid
Today the UK Construction was horrible while tomorrow the world prepares for the hike in ECB rates. Couple that with some US dollar weakness numbers this morning and you get a pretty good move up in the EURGBP. The catalysts? ...
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Forex News: US Factory Orders due at 10:00 AM EDT
read more.
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