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U.S. Nonfarm Payrolls Declines Less Than Econmists Expectations, Unemployment Rate...

Posted 09-03-2010 at 09:46 AM by DailyFX

Nonfarm payrolls in the world’s largest economy tumbled 54,000 in August after falling a revised 54,000 the previous month amid economists’ expectations of -105,000. At the same time, the unemployment rate rose to 9.6 percent from 9.5 percent in July. In turn, the Japanese yen, and the U.S. dollar lost ground against all major currencies as sentiment shifted gears. Meanwhile, U.S. futures pushed higher subsequent to the report, and indeed, risk appetite maybe the main theme going into the North...
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Another day...

Posted 09-02-2010 at 06:28 PM by JEHs

I haven't had time to trade lately at all, but today I managed to fit a coupe in...

http://mydaytradingcharts.blogspot.c...2_archive.html
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S&P Futures Calm Following Surge

Posted 09-02-2010 at 04:19 PM by fastbrokers

The S&P futures surged higher yesterday, posting a remarkable defense of our previously highlighted key long-term uptrend line and the psychological 1050 level. Buying in the S&P futures returned with avengeance after U.S. manufacturing PMI data came in at 56.3, topping analyst expectations of 53.2. Considering investors have only been receiving negative U.S. data recently, the encouraging PMI reading gave bulls ammo to take advantage of oversold conditions. Wednesday’s impressive rally...
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U.S. Dollar Continues To Lose Ground, European Central Bank Holds Rate at 1.00%

Posted 09-02-2010 at 08:59 AM by DailyFX

Euro showed little reaction to the European Central Bank interest rate decision as policy makers held the benchmark interest rate at 1.00% in September, but the slew of data scheduled for the U.S. trade is likely to stoke increased volatility in the exchange rate as investors weigh the outlook for future growth.

Talking Points

* Japanese Yen: Gains Ground Against Most Counterparts
* Pound: Manufacturing Expands at Slower Pace
* Euro: 2Q Growth...
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Australian Dollar Soars as Q2 GDP, Chinese PMI Top Expectations

Posted 09-01-2010 at 09:30 AM by DailyFX

Australian Dollar Soars as Q2 GDP, Chinese PMI Top Expectations

The Australian Dollar surged against all of its major counterparts after second-quarter Gross Domestic Product figures showed the economy added 1.2 percent in the three months through June, topping economists’ forecasts calling for a 0.9 percent increase and marking the largest increase in three years.

The currency was already on its way higher ahead of the GDP report after Chinese Manufacturing PMI figures...
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