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Central banks in coordinated effort to boost liquidity

posted by pipsmgee 1345 days ago in USD, Fundamental

Overnight borrowing costs fell Thursday after the world's biggest central banks announced they would pump billions of dollars into the financial system to soothe distressed money markets.

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Oil Falls After Natural Gas Supplies Rise More Than Expected

posted by JayP 1346 days ago in USD, Oil made popular 1345 days ago

Crude oil fell after a U.S. Energy Department report showed that natural gas supplies rose more than expected last week.

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LS-Nikko Expects Average Copper Price to Fall in 2009

posted by sheryl 1346 days ago in Metals made popular 1345 days ago

S-Nikko Copper Inc., the world's second-biggest buyer of copper concentrate, said average copper prices may be lower next year because global financial turmoil will probably reduce consumption.

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Chart of the Day - 9/18/2008 - USD/CAD

posted by jameschen 1346 days ago in USD, CAD, Technical made popular 1345 days ago

USD/CAD (a daily chart of which is shown) has once again reached a critical juncture

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Fed still has lots of firepower

posted by pipsmgee 1346 days ago in USD, Fundamental

As the Federal Reserve pours ever more money into the crippled financial system, the obvious question arises: When will the Fed run out of ammunition?

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GFT Daily Market Commentary

posted by wiredprg 1347 days ago in Daily

Forex Market Commentary for September 18, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar fell across the board on Wednesday, as the last minute government bailout of the key financial player AIG failed to support the ...

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GBP/USD Update - Massive Gains

posted by jameschen 1347 days ago in USD, GBP, Technical

As seen on the accompanying GBP/USD 4-Hour chart, the pair has made very substantial gains on Wednesday (as of Wednesday’s New York session close).

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Eurozone Trade Deficit Widens; BoE Minutes Reveal MPC Split

posted by dollardude 1347 days ago in EUR, Fundamental made popular 1346 days ago

Wednesday, official data showed that trade deficit in the 15-nation Eurozone economy widened in July. A slew of reports were released for the UK economy that revealed a split in the Bank of England rate-setting body over the September rate decisi

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How Does the Euro’s Trading Range Measure Up Historically?

posted by gonepippin 1347 days ago in USD, Technical, Special made popular 1346 days ago

Since the beginning of the year, the EUR/USD has had a trading range of 21 big figures or 2100 pips.

The high of 1.6038 was set back in July and while the low (so far) of 1.3882 was hit last Friday.

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Gold Gains in London as Crude Oil Strengthens, Dollar Weaken

posted by sheryl 1347 days ago in Gold made popular 1346 days ago

Gold gained in London as higher crude-oil prices and a weaker dollar spurred demand for the metal as a hedge against inflation and further declines in the U.S. currency. Platinum rebounded from a 23-month low.

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Chart of the Day - 9/17/2008 - USD/CHF

posted by jameschen 1347 days ago in USD, CHF, Technical made popular 1346 days ago

Within the context of the up-and-down consolidation in the majors in the last few days, the USD/CHF pair (a daily chart of which is shown) has been bouncing between two significant support/resistance factors

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Fed holds rates steady

posted by pipsmgee 1347 days ago in USD, Fundamental, Inflation made popular 1347 days ago

Trying to project an appearance of calm and stability amid the unprecedented turmoil in the financial markets this week, the Federal Reserve on Tuesday held its benchmark fed funds rate at 2.0%, ignoring calls for rate cut to boost the struggling

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