December’s employment report was somewhat of a disappointment. Many were expecting a small increase in employment to be reported for December, even though the consensus was calling for a small decline. Our own forecast called for a larger than consensus drop and we had repeatedly noted that the optimism so…
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With the New Year upon us, we see the circle of life that is likely to define the U.S. economy and markets through 2010. The U.S. labor market was much weaker than expected in December. While we did get a positive print for November after revisions, this paled in comparison…
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Australia dollar and Canadian dollar shined last week on strong rally in commodities and strength in global stocks. Dollar was lower following dovish FOMC minutes as well as disappointing job report. Rally in crude oil and rebound in gold also put some pressure on the greenback. But after all, the…
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