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Strong North American Jobs Data Sends Both Dollars Higher

December 07, 2012
The US and Canada reported much stronger than expected employment data and this is lifting the respective currencies. The data stands in contrast not only to expectations, but also the poor news stream emanating from Europe.
The US created a net 146k jobs in November, well above the 85k consensus forecast. The BLS said the storm not substanti…
Strong North American Jobs Data Sends Both Dollars Higher Strong North American Jobs Data Sends Both Dollars Higher Reviewed by Marc Chandler on December 07, 2012 Rating: 5
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Dollar Stays Bid: Take Five

December 07, 2012
The US dollar extended yesterday's gains and remain bid ahead of the November jobs report.   The deterioration of the economic and political situation in the euro area appears to be the single biggest factor behind the greenback's sharp recovery.   The dollar is little changed against the yen as the market grapples with the implication of…
Dollar Stays Bid: Take Five Dollar Stays Bid: Take Five Reviewed by Marc Chandler on December 07, 2012 Rating: 5
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Currencies Churn, Awaiting New Incentives

December 06, 2012
A consolidative tone threatening to emerging in the foreign exchange market, as prices churn awaiting not only today's press conference following the ECB meeting, but also tomorrow's US employment data and prospects for an expansion of QE3+ at next week's FOMC meeting. 
Five major central banks were to meet this week, with only the Res…
Currencies Churn, Awaiting New Incentives Currencies Churn, Awaiting New Incentives Reviewed by Marc Chandler on December 06, 2012 Rating: 5
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Great Graphic: What the Euro Bulls are Looking At

December 06, 2012
Here is a Great Graphic we created on Bloomberg.  It shows how the euro is moving above a year and a half old down trend line.  This is what euro bulls are excited about.  
The  $1.3150 area contained the euro's rally in September and October and that corresponds to the 38.2% retracement of the  down move from May 2011. 
Assuming the offers i…
Great Graphic: What the Euro Bulls are Looking At Great Graphic: What the Euro Bulls are Looking At Reviewed by Marc Chandler on December 06, 2012 Rating: 5
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Great Graphic: Robot Penetration

December 06, 2012
This Great Graphicwas posted by Sam Ro on Business Insider.  He got it from Credit Suisse Research. 
Even though the charts focus on robots, the first thing that jumps out is that huge productivity difference between US and Chinese manufacturing workers.   
China has seven times the number of workers and the dollar value of their output is about…
Great Graphic: Robot Penetration Great Graphic: Robot Penetration Reviewed by Marc Chandler on December 06, 2012 Rating: 5
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