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Currency Positioning and Technical Outlook: Stick to the Paths of Least Resistance Currency Positioning and Technical Outlook:  Stick to the Paths of Least Resistance Reviewed by Marc Chandler on February 02, 2013 Rating: 5
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Great Graphic: Asset Class Peformance in January

February 01, 2013
This Great Graphic was on the Economonitor,  It was originally posted on Capital Spectator by James Picerno. 
Clearly, as an asset class, equities did well in January, encouraged perhaps by global investors continuing to return to Europe, the avoidance of the fully brunt of the US fiscal cliff and more signs that the Chinese economy has stabilize…
Great Graphic: Asset Class Peformance in January Great Graphic:   Asset Class Peformance in January Reviewed by Marc Chandler on February 01, 2013 Rating: 5
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Jobs Data Will Dampen Talk of US Recession, but does Dollar No Favors

February 01, 2013
The January nonfarm payrolls 157k increase was in line with expectations, but the back month revisions were worth another 127k and average hourly earnings rose 0.2% a bit more than expected.  The risk in the unemployment rate to 7.9% from 7.8% reflects two things--the participation rate and the incorporation of new census data.

The revisions mea…
Jobs Data Will Dampen Talk of US Recession, but does Dollar No Favors Jobs Data Will Dampen Talk of US Recession, but does Dollar No Favors Reviewed by Marc Chandler on February 01, 2013 Rating: 5
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Great Graphic: Must See- Euro Head and Shoulders Higher

February 01, 2013
This Great Graphic, made on Bloomberg, shows a very positive technical development that has taken place on the week bar charts.  We mention this possibility in our weekly technical note (here), but given this recent price action, it was worth showing it graphically.  
What you are looking at here is a possible head and shoulders bottoming pattern…
Great Graphic: Must See- Euro Head and Shoulders Higher Great Graphic:  Must See- Euro Head and Shoulders Higher Reviewed by Marc Chandler on February 01, 2013 Rating: 5
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Drivers Tighten Grip

February 01, 2013
The latest developments are serving to strengthen existing forces driving the foreign exchange market and producing a clear divergence of performances against the US dollar.  
The firmness in the US 10-year yield near 2%, the lack of much push back from G7 officials about the yen's weakness,a nd soft Japanese economic data (unexpected rise in …
Drivers Tighten Grip Drivers Tighten Grip Reviewed by Marc Chandler on February 01, 2013 Rating: 5
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