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Day: December 7, 2012
December 72012
Dollar Trims Gains After US Nonfarm Payrolls
The US dollar rallied today but trimmed gains after US nonfarm payrolls came out much better than was expected. At the same time, the greenback completely erased gains versus the Japanese yen after the employment report. US employment grew by 146,000 jobs last month, beating analysts’ forecasts of 86,000, and the unemployment unexpectedly fell by 0.2 percentage point to 7.7 percent. The Dollar Index advanced 0.1 percent to 80.355, reaching […]
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December 72012
Loonie Gets Boost as Jobs Improve in the United States
Earlier, the Canadian dollar was slightly lower, dropping on concerns about the eurozone economy and worries about the US fiscal cliff. The latest jobs report out of the United States, though, is changing that situation, and risk appetite is creeping back into the markets. Statistics Canada reported that the Canadian economy added 59,000 jobs in November, and the jobless rate fell slightly. This happened at the same time that the US economy […]
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December 72012
Euro Drops as Economic Outlook Comes Into Focus
Euro is dropping today, falling to a nine-day low against the US dollar as Forex traders consider the disappointing economic outlook for the eurozone. A great deal of the concerns is coming from news out of Germany. Earlier today, Germany’s central bank cut its economic growth outlook. As the largest economy in the 17-nation eurozone, Germany has a great deal of influence on the performance of the euro. It didn’t help that this revised growth outlook […]
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December 72012
Yen Rises as Earthquake Strikes Japan, Gains Limited
The Japanese yen advanced today after an earthquake struck Japan, reminding the catastrophe of 2011, when a tremor was followed by a tsunami and a disaster on a nuclear plant. The yen tends to advance during times of fear. A tsunami alert was issued today after a magnitude 7.3 earthquake hit the country. The previous disaster caused Japan to shift away from nuclear power, leading to increasing imports of fuel and resulting in the change of the trade balance from net […]
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December 72012
Ringgit Drops on Fears of Recession
The Malaysian ringgit fell today, following other Asian currencies in losses, as fears of recession in the United States and the European Union deterred investors from buying riskier assets of emerging economies. Traders fear that the fiscal cliff will push the US economy into recession. Europe’s economy is already in decline and the European Central Bank predicted that it will stay that way next year. US nonfarm payrolls that […]
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December 72012
EUR/USD Drops on Growth Forecast, Trims Losses on US Payrolls
EUR/USD dropped today as Germany’s Bundesbank lowered its growth forecast. The currency pair trimmed losses after US nonfarm payrolls came out much better than was anticipated. Many Forex traders still look into the future with a degree of pessimism, but the good US employment data improved the outlook a bit. Nonfarm payrolls grew by 146k in November, much more than analysts have predicted (89k). The October […]
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December 72012
Social Reminder
Our Twitter page is updated since September 2009. Since October that year, you can follow EarnForex.com via Facebook and also like and share particular posts there. Now, it is time to invite you to our Forex community on Google Plus. You are free to join and participate by making your own posts and sharing your own ideas on trading. Forex community If you would like […]
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