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Day: January 4, 2008
January 42008
Pound is Recovering on Good PMI Data
The Great Britain pound recovered the part of its recent losses against the euro, the dollar and the yen today after the U.K. services index for December (reported by the Chartered Institute of Purchasing and Supply) unexpectedly rose. Financial market analysts expected the PMI index (services index) to be reported at 51.6 for December, slightly lower than the November’s 51.9, but it has exceeded everyone’s expectations and was reported at 52.4, showing a gain of confidence in the services […]
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January 42008
EUR/USD Soars on Disastrous Employment Data
EUR/USD showed a growth of more than 100 pips in one hour immediately after the employment data from the United States were released today. While trading flat and even falling a little during the day, EUR/USD broke through its own record level setting a new historical maximum to 1.4824. Nonfarm payrolls growth was expected to fall from 94k in November to 70k in December, but the released data was a real […]
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