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598,000 Jobs are Lost in Jan. Due to Recent Economic Crisis

posted by keiragabe 1204 days ago in USD, Special, Employment made popular 1204 days ago

As per the latest report from the Labor Department in US, 5,98,000 has been lost during the month of January in USA and there is an erosion of almost 3 million jobs since the beginning of the recession in Dec 2007.

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Cowabunga System Daily Update: Thursday, 02/05/09

posted by odell 1206 days ago in JPY, GBP, Technical made popular 1206 days ago

Today was another good day for me as I was able to grab +75 pips off of 1 trade today. See how it all went down in today's Cowabunga Surf Report.

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Vital Information You need Before You Start

posted by odell 1207 days ago in Trading Psychology made popular 1206 days ago

Since BabyPips is mainly a trading community for traders in training, I thought I would do a series of posts, over the coming weeks, covering some basic stuff. So let's gets started by finding a good source of Forex education. In this article, I

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Cowabunga System Daily Update: Wednesday, 02/04/09

posted by odell 1207 days ago in GBP, Technical

See how the Cowabunga System worked out for me in today's Cowabunga Surf Repor

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Euro Falls on Russia Downgrade - Why?

posted by doctorE 1207 days ago in EUR, Fundamental made popular 1207 days ago

One of the big stories in the currency market this morning is news that ratings agency Fitch downgraded Russia’s debt to BBB, which is the second lowest investment grade. The Euro immediately sold off on the announcement as investors fear that th

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US: Companies bleed jobs, service slump slows

posted by ananais 1207 days ago in USD, GDP, Employment made popular 1207 days ago

The U.S. economy is hemorrhaging jobs and may not stop bleeding for at least another year, even if the government acts quickly to stimulate the economy, according to reports released on Wednesday. The U.S. private sector cut more than half a mill

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Canadian dollar slips as risk aversion returns

posted by jirachi 1207 days ago in CAD made popular 1207 days ago

The Canadian dollar slipped versus the greenback on Wednesday as uncertainty around the U.S. stimulus package and a downgrade of Russia sparked a renewal of safe-haven buying.

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U.S. jobless rate to rise even with stimulus

posted by annie 1207 days ago in USD, Employment made popular 1207 days ago

It is too late to prevent another significant rise in the U.S. unemployment rate even with an economic stimulus package, Joel Prakken, chairman of Macroeconomic Advisers, said on Wednesday.

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Oil Edges Up After Opec Hints at Cuts

posted by sophia 1207 days ago in Oil made popular 1207 days ago

Oil edged a little higher towards $41 a barrel on Wednesday despite the expectation weekly US data will show a build in crude stockpiles as demand for energy in the world's biggest oil consumer declines.

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Europe Oil Cos Suffer From Oil Price Plunge

posted by fahrell 1207 days ago in EUR, Oil made popular 1207 days ago

Collapsing oil prices likely took their toll on European oil and gas companies in the fourth quarter.

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The Dow Points Lower - Look for USD/JPY Breakdown

posted by MarcB 1208 days ago in USD, JPY, Technical made popular 1208 days ago

The Dow and USD/JPY are correlated charts. As the Dow weakens the USD/JPY moves lower. It's a sympathetic relationship. So this morning as I see the falling wedge pattern on the Dow, I expect lower lows, especially after yesterday's break of 8,00

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Americans start saving when economy needs them to spend

posted by odell 1210 days ago in USD, Fundamental, Special made popular 1210 days ago

mericans are hunkering down and saving more. For a recession-battered economy, it couldn't be happening at a worse time. Economists call it the "paradox of thrift." What's good for individuals — spending less, saving more — is bad for the economy

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