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· Euro-zone PPI rises at the quickest annualized pace on record, addiing fuel to speculation of an ECB rate hike. · US labor market data reveals massive job cuts and sets the stage for sixth consecutive month of negative NFP results.

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LONDON (Thomson Financial) - The euro extended gains against the dollar, hitting a two-month high after weak U.S. ADP jobs data, with market players looking ahead to Thursday’s interest rate decision by the European Central Bank.

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* Dollar falls on signs of weakness in labor markets

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KUALA LUMPUR, July 2 (Bernama) — The ringgit closed lower against the US dollar Wednesday in subdued trading on concerns over escalating oil prices and increasing inflationary pressures, dealers said.

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JAKARTA (Thomson Financial) - Indonesia’s foreign exchange reserves grew 3.5 percent to $59.45 billion at the end of June from a month earlier, Bank Indonesia said in a report published on its website on Wednesday.

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How do I calculate forex pivot points? Pivot points were originally developed by floor traders in the equity and commodity exchanges. They are calculated based on the high, low and closing prices of previous trading sessions, and are used by traders to predict support and resistance levels in the current or upcoming session.

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FxSpyder LLC completes program integration to offer API trading to the retail forex spot trader through OANDA CORPORATION. The first software developer to offer an independent, trader controlled forex trading platform to the marketplace, FxSpyder LLC hopes to eventually make its universal platform available to any trader trading with and through forex dealers offering API access.

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The FX market is a growing asset class for global investors. TriGlobal FX, professional money managers, have launched an FX Hedge Fund called Cable Forex Funds. [PR.com - July 01, 2008]

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This week is shaping up to be very exciting – and short – for the forex markets, as a slew of important economic releases and the Independence Day holiday in the US could lead to an influx in volatility from Monday – Thursday.

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Rosenthal Collins Group, LLC (RCG), a leading independent futures clearing firm, and GAIN Capital Group, LLC, a market leader in retail foreign exchange (forex) trading, announced today that they have embarked on a reciprocal initiative for offering clients their market-leading products and services. RCG has just introduced RCG ForexTrader, a white label version of GAIN’s online spot forex …

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