DailyMarkets.com - Forex – EUR/USD Weekly Outlook: February 7-11

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• Forex – EUR/USD Weekly Outlook: February 7-11
• U.S. Economy: 12 Years To Fill The 12.4 Million Job Gap?
• Believing In The “Magic Of The Marketplace”
• Forex – GBP/USD Weekly Outlook: February 7-11

Forex – EUR/USD Weekly Outlook: February 7-11 Posted: 06 Feb 2011 08:12 AM PST Forex Pros – Last week the euro fell from a 12-week high against the U.S. dollar after European Central Bank President Jean-Claude Trichet quashed hopes for a near-term interest rate hike after he said inflation risks were balanced. EUR/USD hit 1.386 on Wednesday, the pair's highest since November 9; the pair subsequently consolidated at 1.3582 by close of trade on Friday, down 0.02% on the week. The pair is likely to find support at 1.3448, the low of January 21 and resistance at 1.3824, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Economy: 12 Years To Fill The 12.4 Million Job Gap? Posted: 06 Feb 2011 08:00 AM PST The Labor Department said on Friday, February 04, 2011 the U.S. economy added a paltry 36,000 jobs in January–the fewest in four months.  But somehow, the unemployment rate managed to drop 0.4% in January to 9%, the lowest level since April 2009. With the way Bureau of Labor Statistics (BLS) is doing its math, we literally need to be a Sherlock Holmes to sort things into proper perspective.  As of January, the labor participation rate also dipped to 64.2%– a 26-year low, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Believing In The “Magic Of The Marketplace” Posted: 06 Feb 2011 07:51 AM PST President Reagan's visit to the NYSE in 1985 marked the first time a sitting president had visited the Exchange. “We who live in free market societies believe that growth, prosperity and, ultimately, human fulfillment are created from the bottom up, not the government down. Only when the human spirit is allowed to invent and create, only when individuals are given a personal stake in deciding economic policies and benefiting from their success – only then can societies remain alive, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Weekly Outlook: February 7-11 Posted: 06 Feb 2011 07:39 AM PST Forex Pros – The pound closed higher against the U.S. dollar last week, after better-than-expected economic data added to speculation that the Bank of England may increase interest rates as soon as May. GBP/USD hit 1.6277 on Thursday, the pair's highest since November 5; the pair subsequently consolidated at 1.6109 by close of trade on Friday, gaining 1.4% over the week. Cable is likely to find support at 1.6008, last Tuesday's low and resistance at 1.6171, last Friday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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