The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed surprising result, only this time it was positive surprise. EUR/USD trades currently at 1.2818. ADP unemployment rate posted…
EUR/USD Rises on US Unemployment & Construction Spending
Source: www.earnforex.com
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WORLD FOREX: Dollar Falls Versus Yen, Euro On Profit-Taking
... stimulus spending and ultra-low 0-0.25% policy rate, said Yuzo Sakai, manager of foreign exchange business promotion at Tokyo Forex & Ueda Harlow. ... See all stories on this...
Regarding wedges and triangles
I’ve attached a 4 hourly EUR/JPY chart with a perfect wedge/triangle formation. A friend of mine insists that this formation loses its effectiveness once prices get past the 3/4 length of the wedge and near the apex. My feeling has always been that the pattern builds up strength as it nears...
Estonian PM: Does not expect devaluation in Latvia
The Estonian Prime Minister Andrus Ansip is in upbeat mood. He does not expect his Baltic neighbour Latvia to have to devalue the lat and sees signs the situation there is improving. He believes Latvia will continue to cut expenditures. Even if there were a Latvian devaluation, Ansip...
Daily Dividend Report; SLB, HPQ, TXN, COV, D
Schlumberger Limited (SLB) announced its quarterly dividend of 27.5 cents per share, an increase of about 10% over its prior dividend in November...
Dukascopy Morning Forex Overview - Sept 01 09
Previous session overview EURUSD has ended the month of August at high levels above 1.4330. This morning in Asia the Euro remained bid, climbing up to 1.4370 before the European open. This year’s high seen in July is not far away at 1.4440. Cable, which has underperformed in late August has...