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Facebook Heat could turn Wall Street from Sour to Sweet
Ahead of the Facebook IPO – due to launch within the next few days – the heat’s been kicked up a notch and appetite for social networks stock whetted on the news that Groupon’s share price rose 18.54% in the overnight hours. According to the pres
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German steelmakers give gloomy outlook
Kloeckner & Co, Europe's biggest independent steel trader, warned last week it would only reach its 2012 profit target if Europe's economy improved in the second half of the year. ThyssenKrupp posted a net loss of 587 million euros in its fiscal second ...
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Euro hits near 4-month low; bleak prospects seen
The euro fell to its lowest in nearly four months ...
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GBP/USD Staying Resilient in a Risk Averse Environment
The Sterling has been resilient some treating it as a safe haven amidst uncertainty in the Eurozone. It has been sliding against the USD, but not as much as other currencies such as the EUR or AUD. The 4H chart shows the market holding above the
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Can Facebook IPO overcome European Debt Woes?
The top two headlines over the past week or so have been the ever-enduring debt saga in the Eurozone and the imminent launch of what could be the largest tech-based IPO ever for social media behemoth Facebook. In isolation, one is a major concern
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GBP/USD Downtrend May Extend, Next Target 1.6
On Friday Pound/Dollar resumed decreasing with 80 pips. The Cable depreciated from 1.6143 to 1.6061 yesterday, in line with the negative money flow sentiment at almost -7%, closing the week at 1.6060. Today the British Pound declined further, ...
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USD Exchange Rate Climbs as Greece to Face Re-Election?
The US and Canadian dollars have gained ground against the pound and euro, as speculation builds that Greece will need a second general election to form a government. This could bolster the support of anti-euro parties in Greece.
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Australian Dollar Falls Below Parity Against U.S. Dollar On Greece Woes
The Australian dollar that ended Friday's trading at 1.0014 against the US dollar slipped to 0.9998 in early Asian deals. If the aussie-greenback pair weakens further, it may target the 0.990 level. The Australian currency has been declining against ...
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Inflation will be contained but non-mining sector will remain weak: Lowe
The disinflationary impact of the high Australian dollar was expected to weaken over time, but at the same time, domestic sources of inflation risk were expected to ease, Mr Lowe said. The Australian dollar has risen by 70 per cent since 2008, ...
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Singapore Stocks-May open up as China moves to boost growth
----------------------MARKET SNAPSHOT @ 0015 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1353.39 -0.34% -4.600 USD/JPY 80.03 0.09% 0.070 10-YR US TSY YLD 1.8307 -- -0.010 SPOT GOLD 1580.72 0.15% 2.420 US CRUDE 95.58 -0.57% -0.550 DOW JONES ...
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Oil Prices – Weekly Outlook May 14-18
Crude oil prices continued their descent and mostly declined during the month (so far). The reports from OPEC and IEA might suggest the oil market is loosening up. The Brent premium over WTI slightly rose to $14 -$15 range.
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Gold & Silver | Weekly Recap May 7-11
This news weakened the Euro and as a result metals also suffer from the strengthening of the USD. The industrial production output of China and India may have also adversely affected commodities rates. Several US reports came out during the week but ...


