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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ECB’s Constancio says Europe inflation may be below expectations
ECB’s Constancio feels euro zone inflation in 2009 may come in below expectations, but that it doesn’t mean deflation and no deflationary spiral is expected for 2010. Speaking at a banking conference the official said “Inflation levels now foreseen for this year are very low,...
USDJPY trades higher
USDJPY has overcome the offers at 97.50-60 to take out small stops above 97.60. Its still looking bid after the morning market seems to have got itself short trying to trigger sub 97.00 stops. Look for an attempt at 98.00 going into...
FOREX Expo 2007 & Bootcamper Jamboree!
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Strong Sell Signal - EUR/USD - June 12th 2009
There is a very strong bearish sell signal on the Eur/Usd as shown in the following chart: EURUSD Signal Source: Tradign...
Friday 1/20 Insider Buying Report: MVC, FLIC
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a...