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Daily Chart Art - April 26, 2011
Rise and shine, forex folks! Start your day with a fresh serving of my chart art. I threw in some 4-hour charts with a couple of retracement plays today, check 'em out!
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Dollar, Yen Decline as Stocks Snap Losses Before GDP Report
The dollar and the yen declined as U.S. stock-index futures rose before a report that may show the world’s biggest economy exited the recession in the third quarter, stoking demand for higher-yielding currencies.
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Homeowners should brace for increased debt
BANK OF CANADA governor Mark Carney has repeated his concern that Canadians may be getting in over their heads in the purchase of homes, saying the government has ways of slowing the market.
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EUR/USD - Euro Dollar - Technical Analysis - 02 Sept
1,4213. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened.
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Japan Industry production up 1.9%
Japan's factory output rose for the fifth straight month in July as manufacturers gained confidence in the country's nascent recovery.
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U.S. data signals economic recovery
The U.S. manufacturing sector grew in August for the first time in over a year and a half, while pending home sales surged to a two-year high in July, adding to mounting evidence the longest economic slowdown since the Great Depression is ending.
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U.S. manufacturing activity, new orders grow in August
The U.S. manufacturing sector grew in August for the first time in 19 months, adding to evidence that the recession is ending.
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Gold Price Appreciation in Reserve Currencies
You had to own brass, well, er, um, somethings last week if you wanted to trade British pounds for gold. Sterling's purchasing power dropped 2.2% against the yellow metal in a dramatic reversal of this year's trend.
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Obama: Manufacturing growth an important sign of recovering
President Barack Obama says a promising report on the state of U.S. manufacturing is a sign that the hurting economy is moving in the right direction.
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Negative Week for Canada’s Currency as Risk Aversion Rises
The Canadian currency entered its third day of consecutive losses as a new intense wave of risk aversion is creating bearish patterns in the main two loonie’s vectors, the crude oil and stocks.
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Euro area jobless rate at 9.5 pc in July; highest in 10 yrs
The unemployment rate in the Euro zone soared to a ten-year high of 9.5 per cent in July, even as the region is slowly showing signs of economic recovery.
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Eurozone jobless numbers pass 15 million
The fragile nature of Europe's economic recovery was laid bare Tuesday as unemployment burst through the 15 million barrier in the single currency eurozone.


