Non-Farm Payrolls rose by only 36,000. Yet again, another disappointment. On the other hand, the unemployment rate fell to 9%, a level unseen in a long time. Also “Real Unemployment …
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The Canadian job market gained a shopping 69,200 jobs, more than 3 times the early expectations for 18,900. This sends USD/CAD towards 0.9840, the lowest level in years. Employment Change, …
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ECB President Jean-Claude Trichet left the interest rate unchanged and didn’t lift the tone. He said that the central bank is closely monitoring the inflation, but that it remains contained. …
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There are speculations that the ECB may raise the interest rate sooner than later. Is Jean-Claude Trichet setting the ground for a rate hike? Trichet stopped buying bonds, for the …
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Those investors who have committed capital to the commodity price story have continued to prosper in the first few weeks of this year. However, for both the household and corporate sectors …
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Britain’s manufacturing sector is safeguarding the economy. Manufacturing PMI is a huge surprise – 62 points. This strong figure exceeded expectations and sends GBP/USD above 1.6110. The move continues. Britain’s …
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The creative method was probably found for a default of Greece. A so-called “Brady plan†– this plan means an offer for a  haircut to current bond holders – they’ll …
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The riots in Egypt are taking their toll on the markets – EUR/USD confirms loss of uptrend channel and is falling fast towards the next support line. Update. The uprising …
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Andrew Sentance is not alone – the British MPC Meeting Minutes revealed that another member of the MPC, Martin Weale, voted in favor of rate hike. This added pressure raises the chances …
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Speaking on Forex TV with Julie Sinha, I’ve reviewed the major events this week and key technical levels in EUR/USD, GBP/USD and AUD/USD, that are all providing lots of action …
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