The last two Retail Sales reports out of the US have surprised to the downside and there is reason to believe that Thursday’s report for May will be even more of a wild card than normal. This is because Wal-Mart, by far the largest retailer in the US, has stopped providing monthly sales figures since April and will make economist’s already varied guesstimates even more of a crap-shoot. Eur/Usd is having another attempt at offers into 1.4040/50 as stocks add to their gains. While Cable continues its impressive performance so far today, trying to trip stops above 1.6300
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A small heads-up on Thursday’s Retail sales report
June 9 2009, 9:15pm | Comments »
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FOREX-Dollar posts sharp gains after US jobs report
By Gertrude Chavez-Dreyfuss NEW YORK, June 5 (Reuters) - The dollar rallied on Friday, on track for its largest weekly gain in nearly two months against a ...
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June 5 2009, 10:05pm | Comments »
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U.S. Nonfarm jobs fall less than expected, Unemployment rate at 9.4%. US Dollar gains in Forex after report.
Friday, June 5th - The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 345,000 jobs in May...
June 5 2009, 7:16pm | Comments »
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FOREX-Dollar gains vs euro and yen after US job report
The market is bailing out of euros now," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey. "The view here is that these ...
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June 5 2009, 6:03pm | Comments »
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