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Forex Trading: USDCAD rallies off the weaker 1st quarter GDP
The USCAD made its way above the highs from May 20th and May 28th at the 0.9956 level. The 100 bar moving average on the 4 hour chart comes in at 0.9963. The level will be watched for support now.
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Forex News: Canada GDP comes in at weaker than expected
Comes in at -0.2% M/M The 1st quarter comes in at -0.3%. Weaker than expectation. Also out of Canaa the Industrial Production comes in at 1.4% versus 1.0 Expected. Canada dollar weakens off the weak GDP. ...
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Forex News: Personal Income, Personal Spending As Expected
Personal Income Expected at .1%- Comes in at .2%. Personal Spending Expected at .2%- Comes in at .2%. The growth remains sluggish due to the higher energy costs and slowing employment. Core PCE comes in at 0.1% MoM PCE Deflator comes...
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Bobby's Corner Market Open 5.30.2008
Friday May 30, 2008. Good Morning and Happy Friday:. read more.
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Forex Trading: USD/JPY trying to get paid through trendline ...
USD/JPY trying to get paid through trendline resistance. If it is convincingly paid above the 105.60 level, we could see another set of refreshed bids in USD/JPY in NY session. Stochastics are looking pretty decent at this point...
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Forex Trading News: May 30th--NY Session Forex and Economic Data ...
Attached is the NY session's data releases for today.
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May 2008. results
I don't want to trade today, I want to rest from trading and finish the month on good note. +90 pips + 3.5 % Smaller than last month but it's good enough. I have now 9 consecutive profitable weeks, 2 months. ...
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Bad trading lead to more bad trading
The sad thing is that I pretty much understood today's morning action but I showed bad scalping skills. It was clear to me that 610 is important level. I had first short just on 10sec chart reading. Second trade was great but I abandon ...
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Waiting For A Ride On The Phoenix
As a follow up to my previous post on Altman Z score, investors who use solvency analysis to avoid bankrupt companies should beware of the effects of an economic recovery. The other side of the coin of solvency analysis is the Phoenix ...
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Investors Won’t Find a Bargain in Costco
Costco Wholesale Corp. (COST: 72.98 -0.26 -0.35%) narrowly beat estimates in their fiscal 3rd quarter which ended May 11. Consensus estimates for the bulk retailer called for profit of $.65 per share and revenues of $16.33 billion for ...
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The Fed Values The Bear
NY FED: WILL CONCLUDE (BSC: 9.55 +0.17 +1.81%) FINANCE DEAL ON OR ABOUT JUNE 26, WORKING “CAREFULLY, EXPEDITIOUSLY” TO COMPLETE THE DEAL - Will provide estimate of current valuation of portfolio sometime in June ...
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Advice for Summer Analysts Hitting the Desks
The Prince did three summers as a summer analyst at an investment bank. Two of those summers were spent in prime brokerage sales and the last one was spent in the investment banking division. The advice here predominately applies to ...
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High Oil Caused By Dollar Crisis, Not Oil Crisis
It’s unfortunate that the US Supreme Court, in its ruling last week that US currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline. In their search for explanations as to ...
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Polo Scores with Strong Quarterly Results
Polo Ralph Lauren (RL: 69.00 0.00 0.00%) appears to have avoided to a large extent last quarter’s slump in consumer spending as it easily beat estimates. Polo released data for its fiscal fourth quarter ended March 29, and the company ...
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Look For Continued Pressure On US Dollar
Today’s US Dollar Trading. • USD starts lower in Asia, rallies in Europe • Rallies on Durables data then fades • Ends New York Mixed. Overnight Preview. • Look for the USD to continue under pressure ahead of GDP tomorrow ...
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