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More bears are coming

Written by A Forex View From Afar on Thursday, January 03, 2008

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It seems that the ADP came lower then expected, and what is worst, it showed that hiring in the goods production industry was down for 13 months in a straight and a 16.000 loss of workers in the manufacturing industry.
This combined with the ISM numbers (link for that post here) is starting to give me a hunch that Exporters aren’t doing so well after all.
It just a premonition, we’ll need more time to see the truth.

On the other part of the Atlantic, the German steam engine showed the lowest unemployment in 15 years especially in the manufacturing industry, as Marco related in thelfb.com subscription newsletter.
It seems that a strong euro isn’t so bad for Germany (until now)

Let’s see what the wind brings us tomorrow, at the NFP release…

Ps. Thanks to our great trading team, yesterday we caught 100 pips.

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Fundies and Trading
There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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