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Friday, March 4, 2011

MRKT ALERT 7.05 PM

Non-Farm Employment ChangeA192K F 191K P 36K Unemployment RateA 8.9% F 9.1%P 9.0% Average Hourly Earnings m/m A 0.0% F 0.2% P0.4% Data positive to USD

2 comments:

Unknown said...

Dear Sir: Among traders, few are blind traders, who do not even know a,b,c of economics. What does it mean that US Data which have just been released are +ve to US Dollar. Is it good for Copper to rise or the copper rates will go down. Please make us understand this critical example. Regards.

Should we hold copper or exist???

akshaya said...

sir, dats released periodically are econimic indicators and trends emergi is small ways from them, though ultimately we feel technicals overpower fundamentals; now positive for dollar means healthier us economy and good for base metals; pls follow levels given by us for entry and exits!
akshaya