Posts Tagged ‘strong’
“Doubt is not a pleasant condition, but certainty is absurd.” ~ Voltaire Good morning. A fresh multi-month low has been reached by EUR against USD at $1.2665 before pulling back to $.12720 at time of writing. Angela Merkel and Nicolas Sarkozy meet today in Berlin to finalise a deal to increase fiscal coordination and discuss ways to boost growth in [...]
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This is economic data released after the month ends, first Friday of next month. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity of the country;
Last month job gains occurred in professional and business services, health care, and mining. In manufacturing sector, Employment continued growth. [...]
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“On the other hand a rise in Chinese consumption could cause both the Chinese current account surplus and the US current account deficit to decline. In that case of course China would buy fewer US dollar assets and so fewer US government bonds. This is more or less Martin Feldstein’s scenario.
“But in that case the [...]
NEW YORK (CNNMoney) — Microsoft likes to talk about how its business doesn’t rely on personal computer sales to consumers. It proved the point this quarter.
While consumer PC sales dropped 8%, Microsoft’s profit rose 31%. The company’s overall sales were up 13%, to $16.4 billion.
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“Despite the mixed PC environment, we delivered strong results,” [...]
Price action on AUD/USD (a 4-hour chart of which is shown) as of Thursday (4/21/2011) has risen dramatically to reach and surpass its 1.0700 price target, establishing a new record high just above 1.0770. This occurs on a sharp bullish move that originated near the beginning of this week. A pullback/correction could soon be in [...]
SNB official Danthine says very cautious monetary policy is still needed and that inflation is moderate.
EUR/CHF continues to march higher as the market sheds safe-havens. It’s now at 1.3165.
