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Argentinian unemployment rate rises

Forexpros - The unemployement rate in Argentina rose last month, official data showed on Tuesday.In a report, Instituto Nacional De Estadistic y Censos said that Argentinian Unemployment Rate rose to a seasonally adjusted 7.2%, from 7.1% in the preceding month.Analysts had expected Argentinian Unemployment Rate to rise to 7.2% last month. Forexpros

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Crude oil rallies on central bank intervention speculation

Forexpros - Forexpros - Crude oil futures surged higher Tuesday, hitting a new 3 month high, as increased euro zone central bank intervention speculation boosted demand for the commodity complex. On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD97.11 a barrel during U.S. afternoon trade, rallying 0.88%. Earlier in the day, prices rose by as...

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EUR/USD surges against the greenback as intervention hopes continue

Forexpros - Forexpros - The euro exploded higher by over 1% against the U.S. dollar Tuesday, as European Central Bank intervention speculation sparked the risk on trade.EUR/USD hit 1.2473 during U.S. trade, the pair's highest since July 5; the pair subsequently consolidated at 1.2470, surging1.02%. The pair was likely to find support at 1.2341, the session low and resistance at 1.2537, the...

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Natural gas turns lower amid ongoing concerns over ample supply

Forexpros - Natural gas futures turned lower during U.S. morning hours on Tuesday, falling to the lowest levels of the session as market players continued to focus on bloated inventory levels in the U.S.Market players continued to monitor weather forecasts for the rest of August to gauge the strength of future demand expectations for the fuel, as well as tropical storm activity in the Gulf...

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Forex - EUR/USD rallies more than 1% on ECB talk

Forexpros - The euro rallied more than 1% against the U.S. dollar on Tuesday, as risk appetite was bolstered by speculation that the European Central Bank will soon intervene to stem the debt crisis in the euro zone.EUR/USD hit 1.2473 during U.S. morning trade, the pair's highest since July 5; the pair subsequently consolidated at 1.2470, gaining 1.02%.The pair was likely to find support at...

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U.S. stocks higher, Apple continues to rise; Dow Jones up 0.06%

Forexpros - U.S. stocks opened higher on Tuesday, as market sentiment was boosted by new hopes for action by the European Central Bank to tackle the sovereign debt crisis in the euro zone, while investors eyed the minutes of the Federal Reserve's latest meeting on Wednesday.During early U.S. trade, the Dow Jones Industrial Average added 0.06%, the S&P 500 index rose 0.21%, while the...

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Gold surges above key resistance to hit 11-week high; silver up 2%

Forexpros - Gold futures rallied to an 11-week high during U.S. morning trade on Tuesday, as the U.S. dollar weakened broadly amid improved hopes for fresh measures by the European Central Bank to tackle the region's ongoing debt crisis.Market participants were also anticipating the minutes of the Federal Reserve's August policy meeting later in the week, amid speculation over how close the...

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Canadian wholesale sales decline unexpectedly in June

Forexpros - Canadian wholesale sales unexpectedly declined in June, decreasing for the first time in five months, official data showed on Tuesday.In a report, Statistics Canada said wholesale sales fell by 0.1% in June, confounding expectations for a 0.4% increase.Wholesale sales rose by an unrevised 0.9% in May.Canadian wholesale sales totaled CAD49.9 billion in June. Following the release...

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Forex - GBP/USD hovers close to 2-month high

Forexpros - The pound held gains against the U.S. dollar on Tuesday, hovering close to a two-month high as risk sentiment remained supported by hopes for a fresh intervention by the European Central Bank to stem the debt crisis in the euro zone.GBP/USD hit 1.5778 during European afternoon trade, the pair's highest since June 20; the pair subsequently consolidated at 1.5754, adding...

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Forex - EUR/USD remains higher amid ECB hopes

Forexpros - The euro remained higher against the U.S. dollar on Tuesday, trading close to a two-week high as market sentiment improved after a successful Spanish government bond sale and amid hopes for fresh action by the European Central Bank.EUR/USD hit 1.2428 during European afternoon trade, the pair's highest since August 7; the pair subsequently consolidated at 1.2420, climbing...

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U.S. futures rise on EU optimism; Dow Jones up 0.22%

Forexpros - U.S. stock futures pointed to a higher open on Tuesday, as fresh hopes for progress in tackling the euro zone's debt crisis boosted market sentiment, while investors eyed U.S. data later in the week for further indications on the strength of the country's economic recovery.Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.22% gain, S&P 500 futures...

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Forex - USD/CHF hits 2-week low as ECB hopes buoy sentiment

Forexpros - The U.S. dollar fell to a two-week low against the Swiss franc on Tuesday, as market sentiment was boosted by optimism that the European Central Bank will soon intervene to ease the debt crisis in the euro zone.USD/CHF hit 0.9964 during European morning trade, the pair's lowest since August 7; the pair subsequently consolidated at 0.9966, shedding 0.65%.The pair was likely to...

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Grains rally with U.S., Russian crop conditions in focus

Forexpros - U.S. grain futures rallied during European morning hours on Tuesday, with corn and soy prices marching higher amid ongoing concerns over dismal crop conditions in the U.S. Midwest and Great Plains-region.Meanwhile, wheat prices were higher for the fifth consecutive day as worries over a disruption to supplies from Russia boosted the grain.On the Chicago Mercantile Exchange, corn...

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Copper gains more than 1% on ECB hopes, China stimulus plan

Forexpros - Copper futures were sharply higher during European morning hours on Tuesday, boosted amid improved hopes of decisive action by the European Central Bank to ease borrowing costs.Reports that China was planning fresh economic stimulus for the second half of the year further boosted sentiment on the industrial metal.On the Comex division of the New York Mercantile Exchange, copper...

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Dollar broadly lower vs. rivals amid EU optimism

Forexpros - The U.S. dollar was broadly lower against its major counterparts on Tuesday, as investors eyed a series of highly anticipated euro zone meetings throughout the week, amid growing hopes for fresh action to tackle the region's debt crisis.During European morning trade, the dollar was lower against the euro, with EUR/USD climbing 0.50% to 1.2406.The euro rose to a 2-week high...

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