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ADP Says U.S. Companies Reduced Payrolls by 157,000
Companies in the U.S. cut an estimated 157,000 jobs in October, the most in almost six years, a private report based on payroll data showed today.
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Short EUR/JPY
What's Up! It looks like today's rally in risk is giving me an opportunity to play a Fibonacci setup on EUR/JPY today. A return to the downside this week?
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Short AUD/USD
Hello my Forex Friends! As I stated in my last post, I will revisit AUD/USD at the beginning of this week, and it looks like the pair is giving us another opportunity to short against the falling trendline.
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Australian, New Zealand Dollars Fall Amid Growth, Rates Conc
The Australian and New Zealand dollars fell to the lowest in more than a week on speculation their central banks will cut interest rates to combat slowing growth and declining prices for commodities the nations export.
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A "Once in a Century" Event?
Ten years ago, the New York Federal Reserve Bank called upon Lehman Bros. and a handful of other major players on Wall Street to rescue a high-flying hedge fund. The firms grumped and whined...but they came up with the money, $3.7 billion. The re
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Dollar Rises on Speculation the Retail Sales Gain
The dollar rose for the third day in four against the euro and yen on speculation a rebound in U.S. retail sales will support the Federal Reserve's case for raising interest rates.
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Canada's Dollar Falls to Lowest in a Month on Rate Forecast
Canada's dollar weakened to the lowest in more than a month as a slowing economy fueled speculation that the Bank of Canada will cut borrowing costs next week.
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Canadian Dollar Falls for Third Day on Economic Growth
Canada's dollar declined for a third straight day on concern that slowing economic growth in the U.S. and Canada will force the Bank of Canada to continue lowering borrowing costs.
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The Dollar Holiday Blues
What did not happen this past week was more interesting than what did. Jobless Claims did not deteriorate, the Dow did, oil boomed, the United States housing market swooned and for all the negative news the dollar gave ground only grudgingly agai
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IMF Urges BOJ to Keep Rate at 0.5% on Growth Concern
The International Monetary fund urged Japan's central bank to refrain from raising interest rates, the lowest in the industrialized world, until concern abates about the strength of the economy.
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Australian Dollar to Equal U.S. Dollar, Analysts Say
The Australian dollar will climb to equal value with the U.S. currency for the first time since 1982 as the central bank considers raising interest rates, say banks including RBC Capital Markets and ABN Amro Holding NV.
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Canada Wholesale Sales Rise Twice as Much as Expected
Canadian wholesale sales rose two times faster than economists predicted in March, led by building supplies and machinery and equipment.


