Half a million jobs were lost in the US economy over the past 2 months, driving the unemployment rate to a 14 year high. Even though October non-farm payrolls fell short of our -300k expectation, the 240k drop and the revision from -159k to -284k fo forex news :: view details »

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U.S. nonfarm payrolls declined by 240K in October, following the downwardly revised 284K drop in September (previously reported as -159K) - which is now the cyclical low. The 3-month moving average has now fallen to -217K from -159K, which is the lo forex news :: view details »

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The recessionary dynamics are now taking a firm hold on the labour market. The employment report revealed a job loss of -240K (DB: -210K, Consensus: -200K) in October, but also carried net revisions of -179K for August and September. Unemployment co forex news :: view details »

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After being buffeted by risk aversion flows all day longyesterday, the dollar was weaker across the board in early European trade as equity markets staged a mild rally and currency tradersprepared for the US Non- Farm payroll number due at 13:30 GMT forex news :: view details »

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German September industrial production dropped 3.6% m/m. We had been looking for a drop of 1.5% m/m and our median was 1.8% m/m, so data were much weaker than expected, but not a total surprise after yesterday's 8.0% m/m decline in manufacturing ord forex news :: view details »

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U.S. Dollar Trading (USD) in another very volatile day on the markets the USD was helped to week highs against multiple currencies on both safe haven flows and falling commodity prices. The ECB, SNB and BOE all cuts rates helping to close the gap be forex news :: view details »

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Rate cuts from the BoE, ECB and SNB sent stock markets into a tailspin, which heightened sentiment for the dollar and yen against the higher-yeilders. One trend noticed as of late is that the Swiss franc (in part because it yields 100 basis points m forex news :: view details »

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The US dollar surged on Thursday as risk aversion triggered flight-to-quality and sharp declines in US stocks for the second day in a row. However, on Friday morning, US non-farm payrolls are anticipated to fall by a whopping 200,000 or more for the forex news :: view details »

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The euro and British pound both edged lower on Wednesday, and while all the European economic data in the world argues in favor of weakness for the two currencies, the price action we've been seeing lately has had more to do with the very broad tren forex news :: view details »

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The Bank of England could cut rates as much as 100 basis points at its meeting on Thursday in an effort to stave off the worst U.K. recession since the early 1990's, but the potential effects on the pound are likely to be driven by investors' appeti forex news :: view details »

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In the US, the ADP report showed the economy shedding 157K private sector jobs, led by a sharp fall in the goods-producing sector. The figure was worse than expectations and casts a dark cloud over Friday's non-farm payroll report. In a second piece forex news :: view details »

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A 2.6-point decline in Euroland's service-sector PMI score in October was followed today by even gloomier news that the U.S. counterpart tumbled 5.8 points. Each index, 45.8 in Euroland and 44.4 in the United States was sufficiently below the 50-lin forex news :: view details »

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