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Pick of the Day: USD/JPY

posted by odell 17 days ago in USD, JPY, Technical made popular 17 days ago

After a bit of correction, it looks like USD/JPY is giving a possible short opportunity right out of the gates. Let's take a look shall we....  read more

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U.S. Economy: Jobless Rolls Reach 25-Year High,Exports Slump

posted by twilight 6 days ago in USD, Fundamental, Employment made popular 6 days ago

The global economic slowdown is deepening, according to reports today that showed the number of Americans collecting jobless benefits jumped to a 25-year high and U.S. exports plunged.  read more

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Evidence of a recession piles even higher

posted by eriathwen 18 days ago in USD, Fundamental, Inflation made popular 18 days ago

Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won't buy stock in the financing arms of auto companies to prop them up.  read more

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British PM seeking billions to boost IMF reserves

posted by aranel 18 days ago in USD, GBP, Fundamental made popular 18 days ago

British Prime Minister Gordon Brown, on a tour of the Gulf, said he is seeking hundreds of billions of dollars to boost the International Monetary Fund's reserves to bail out financially stricken countries.  read more

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Jobless rate climbs to 6.5%

posted by keiragabe 12 days ago in USD, Fundamental, Employment made popular 11 days ago

The U.S. unemployment rate rose to the highest level since 1994 as companies slashed payrolls, setting the stage for the steepest economic decline in decades and a tough start for Barack Obama's presidency.  read more

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U.S. Dollar Makes Fresh Gains Against Canadian Dollar

posted by twilight 5 days ago in USD, CAD, Fundamental made popular 5 days ago

A brief break towards session-open levels ended abruptly for a bearish CAD/USD on Friday morning, as equities sold off following the release of U.S. consumer sentiment and business inventories reports.  read more

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Retailers Report a Sales Collapse

posted by odell 13 days ago in USD, Retail Sales, Consumer made popular 13 days ago

Sales at the US’s largest retailers fell off a cliff in October, casting fresh doubt on the survival of some chains and signaling that this will probably be the weakest Christmas shopping season in decades.  read more

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Canada adds 9,500 jobs, U.S. loses 240,000

posted by kulas 12 days ago in USD, CAD, Employment made popular 12 days ago

The Canadian jobless rate held up remarkably well compared to the United States in October, as one country managed to add jobs while the other suffered yet another steep decline, new data showed on Friday.  read more