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Daily Forex Commentary November 12

posted by LadyGodiva 8 days ago in Fundamental, Daily made popular 8 days ago

Australian Dollar: Another day, another 3-cent range for the Australian Dollar which opens at 0.6577. Not helping the local unit was yesterday's release of the NAB monthly business survey for October which revealed the lowest level of confidence  read more

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Further Weakness in GBP on Poor Housing Numbers

posted by DannyBly 8 days ago in GBP, Fundamental, Daily made popular 8 days ago

U.K. home sales slumped for the month of October - declining to the lowest level in three decades while home prices continue to fall. Last week the Bank of England cut the benchmark interest rate to 3% - the lowest since 1955, in an effort to boo  read more

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Daily currency analysis - Nov 11

posted by InvestorsChoice 8 days ago in Daily made popular 8 days ago

The Euro pushed stronger in Asian trading on Monday and looked to extend the gains in Europe with a peak near 1.2930.  read more

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Reality Hits Oil Market, Dollar Could Benefit

posted by twilight 9 days ago in USD, Technical, Daily made popular 8 days ago

Even though the lack of meaningful US economic data has kept the US dollar in flux, there is one commodity that is continuing to grind lower. Oil prices fell to the lowest level in 20 months as exporters wake up to reality that crude prices may s  read more

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The Economic Crisis and Its Aftermath: A Detailed Analysis

posted by MarcB 9 days ago in USD, Fundamental, Daily made popular 9 days ago

Since this is a political season, and with the economic crisis, I think everyone in finance understands there is a sort of “silly season” that ensues. We certainly noted the sort of irrational behavior that would immediately make an economist que  read more

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European markets likely to open lower on weak global cues

posted by xjessicax 9 days ago in EUR, Fundamental, Daily made popular 9 days ago

The major European markets are likely to open lower due to the negative lead from the rest of the global markets.  read more

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Gold Rallies as Goldman Sachs Share Price Crash

posted by Jmario 9 days ago in Daily, Gold made popular 9 days ago

Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed. Oil and most commodities were somewhat higher on news of the Chinese $0.6 trillion stimulus injection while the dollar was flat and the pound fell again (rea  read more

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A somber day, a somber USD.

posted by AnnJ 9 days ago in USD, Daily made popular 9 days ago

The Recession word is being thrown about as liberally as bailout monies for companies like AIG. Imagine a 1/5th of what the Chinese is proposing to stimulate its economy is being earmarked for one insurance company. Headline losses are staggering  read more