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Labor Market Is SteadyingTitle:
Dukascopy Morning Forex Overview : 20/01/2012
Fundamental Analysis
EUR
"Spain is showing the market there’s ample demand for their paper"
- Padhraic Garvey, head of developed markets debt strategy at ING Bank NV
France and Spain, both downgraded by Standard & Poor’s last week, paid lower borrowing costs on Thursday, compared to their previous auctions, a sign the ECB’s refinancing operation alleviated market concern over the Europe’s debt crisis.
USD
"You’ve got a gradual improvement in the labor market"
- Brian Jones, a senior U.S. ...
Title:
Investing in India: Optimism in the New New World
We arrived at the Oberoi Hotel in Mumbai after President Obama had left.
As we were leaving, President Sarkozy was arriving.
It is a Grand Hotel. They come. They go. Nothing ever changes.
One of the problems with traveling so much is that you spend much of your time in a jet-lag fog. It was hazy when we left Mumbai. It is hazy in Kuala Lumpur. Was it the weather…or us?
But when we read the news, our eyes opened wide. Friday’s jobless numbers were shocking.
The latest figures show ...
Title:
Unemployment claims fall, but still elevated
(Reuters) - New claims for unemployment benefits slipped last week, but stayed at a stubbornly high level that underscored the labor market recovery was having trouble gaining traction.
Initial claims for state unemployment aid dropped 11,000 to 457,000, the Labor Department said on Thursday, a touch more than the fall to 459,000 that financial markets had forecast.
Analysts say new applications for jobless benefits, which have trended sideways for much of this year, have to drop to a 400,000- ...
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