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Thursday, February 09, 2006

EUR/JPY: Double-Top Near All Time High

FX Pairs are essentially unchanged from recent sessions, heading into Thursday's trading day in the U.S. Today's initial jobless claims numbers were decent, rising only 4k to 277k (most estimates were calling for more claims). This brings the more telling 4-week average to a respectable 276.5K. There has been some suspicion that warmer weather has helped prevent seasonal claims from construction-related fields. Read More....