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Strategies & Market Trends : Befriend the Trend Trading

SPY 676.47

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Dec 18 4:00 PM EST

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From: Dr. Stoxx	4/30/2005 10:57:20 AM
	Read Replies (1) of 39683

All 20 dealers polled by Reuters expect the FOMC to approve a quarter-percentage-point rate increase on Tuesday, while 19 of the 20 dealers expect another 25-basis-point rate hike at the FOMC's June 30 meeting. On Friday, the U.S. government will release the monthly employment report for April. The forecast calls for April non-farm payrolls to rise by 170,000 jobs, according to economists polled by Reuters. In March, only 110,000 jobs were created. The April U.S. unemployment rate is expected to hold steady at 5.2 percent. Any disappointment in the week's economic numbers could trigger a sell-off in the stock market, analysts and traders said. "It (the market) could go a lot uglier very fast," said Peter Schiff, president of Euro Pacific Capital.

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