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A Very Recession-Like Employment Report
The unemployment rate jumped 0.4 percentage points in August, which was much worse than expected. The increase results from a 342,000 job drop in household employment and a 250,000 person rise in the civilian labor force. While the household numbers...
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Market Overview by Forex Yard
Economic News
* USD
USD Appreciates in Expectation of Today's Announcement.
Yesterday, the greenback saw over 300 pips worth of gain against the EUR, as the cross dropped from a 1.4522 level at the beginning of the trading day, down to 1.4211 - making an...
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Varengoldbank FX - Daily FX Report
This morningÂs Daily FX Report by the VarengoldbankFX trading desk team including a review of the Forex and currency markets, technical analysis, key pivot points and the daily economic calendar.
Click for the full report.
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Futures Drop On US Unemployment Data
Our predictions of rising unemployment have been on target since the end of 2007. Our earlier prediction for 6.4% unemployment rate by the end of this year remains on track to being met. Additionally, the rate of rise is increasing ...
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Forex Trading: US dollar is bid higher again
The EURUSD is moving lower again. The low after the number was 1.4217. There really isn't much to grasp from a technical level. The 61.8% retracement of the high low range today comes in at 1.4254 but grasping at straws here given the ...
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Forex Trading: USDCHF tests support
1.1074 is the 100 hour moving average. The market tested this level but was not able to close below the level. The market is certainly struggling. The employment number was weak across the board, yet the dollar is still well supported. ...
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Forex Trade: EURUSD breaks through resistance.
I expect a move higher as shorts cover before the weekend.
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The EURUSD holds the 1.4337 the first time
As per the previous post, the market ran into resistance at the 1.4337 level (see previous post by clicking here). The level corresponds to the 38.2% retracement level of the move up from November 2005... See chart. ...
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A Quick Look At The Current S&P Weekly Structure
Thursday’s 3% index rout reaffirmed the predominant and primary downtrend on the major US Equity Indexes, and also confirmed the breakdown of consolidation from a bearish rising wedge as the dominant technical pattern. ...
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Non-farm Payrolls Falls -84K, Unemployment Rate Hits 5 Year High ...
There is no question that the US labor market is deteriorating. Non-farm payrolls fell by -84k last month, driving the unemployment rate to a 5 yeer high of 6.1 percent. However what made FX traders really sell the dollar...
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Forex News: More on Unemployment
Manufacturing led the decline with -61000 declines. Transportation equipment and Motor vehicles and parts accounted for the decline. Professional and Business services were hurt by employment services and tempory help declines. ...
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Forex Trading: Watch the 1.4337 level in the EURUSD
1.4347 was the 38.2% retracement level of the move higher from November 2005 to the high in July 2008. Tested then broke this level yesterday...and moved sharply lower. Markets are volatile as they digest not only the domestic but the ...
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Unemployment rate soars to 6.1% from 5.7%
NFP falls by 84000 revision to -60000 from -51000. Manufacturing down 61000 First time unemployment rate has risen for 8 months in a row since 2002. I am not surprised given the initial claims data (see earlier report).
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Bobby's Corner Market Open 9.5.2008
Good Morning:. The Greenback continued its rally ahead of this morning’s report on the US employment situation. read more.
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US Unemployment Preview. Data due at 8:30 AM EDT
For a preview of the US Unemployment Report, click on the following link. CLICK HERE TO ACCESS THE REPORT.
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