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Pound Declines 11th Day Against Dollar, Slides for 4th Week

posted by odell 1379 days ago in USD, GBP made popular 1379 days ago

The pound slid for an 11th day against the dollar yesterday, the longest run of declines in at least 37 years, on speculation a recession will force the Bank of England to cut interest rates.

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Kiwi will keep on falling: experts

posted by warrenbuffet 1381 days ago in NZD, Fundamental, Special made popular 1381 days ago

The New Zealand dollar closed below US70c for the first time in 11 months last night and with more Reserve Bank rate cuts on the way there is little to stop it falling further, currency watchers say.

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Global confidence bouncing back, slowly

posted by warrenbuffet 1381 days ago in Sentiment made popular 1381 days ago

Confidence in the global economy rose from a 10-month low in August as the retreat in oil prices made Americans less pessimistic, a survey of five continents showed.

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Recession shows its face - NZ retail sales fall

posted by warrenbuffet 1381 days ago in NZD, Fundamental, Retail Sales made popular 1381 days ago

Retail sales fell a seasonally and inflation-adjusted 1.5 per cent in the June quarter, providing further strong indications that New Zealand is in a recession.

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Australia housing affordability stuck at record lows

posted by warrenbuffet 1381 days ago in AUD, Housing made popular 1381 days ago

Housing affordability remains at a 24-year low and is unlikely to significantly improve in the short term even if mortgage rates fall, the Housing Industry Association warns.

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RBA confirms rates will fall - but when?

posted by warrenbuffet 1381 days ago in AUD, Special, Inflation made popular 1381 days ago

The central bank has given its loudest signal yet that it is about to cut interest rates, as data shows wage inflation remains under control.

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Japan firms' confidence hits 5-yr low

posted by warrenbuffet 1381 days ago in JPY, Fundamental, Manufacturing made popular 1381 days ago

Japanese manufacturers' sentiment sank to a fresh five-year low in August, a Reuters poll showed, suggesting the closely watched Bank of Japan tankan will show further pessimism amid growing signs of recession.

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Is the whole world slowing?

posted by warrenbuffet 1381 days ago in USD, EUR, Special made popular 1381 days ago

With Europe now joining the United States, Japan and Canada in the dumps, none of the Group of Seven economies is growing anywhere close to their potential.

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Gold Drops Below $800 an Ounce in Asia as Dollar Strengthens

posted by warrenbuffet 1381 days ago in USD, Gold made popular 1381 days ago

Gold tumbled below $800 an ounce in Asian trading as the dollar headed for its longest winning streak in more than two years, reducing the appeal of the metal as an alternative investment to U.S. assets.

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Dollar Heads for Weekly Gain Before Consumer Confidence Data

posted by warrenbuffet 1381 days ago in USD, EUR, Consumer made popular 1381 days ago

The dollar headed for a fifth weekly gain against the euro, its longest winning streak in more than two years, before a report forecast to show U.S. consumer confidence increased for a second month.

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More Thoughts on Mindful and Mindless Trading

posted by supertrader 1381 days ago in Trading Psychology made popular 1381 days ago

I was pleased to see that my recent post offering thoughts on trading stress and emotions generated a bit of controversy. I appreciate comments to the posts, including those that push back and stimulate a little more consideration of the issues i

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Cocoa Falls in N.Y. as Dollar Gains, Gold, Crude Pushed Lowe

posted by halfwatertest 1381 days ago in Daily made popular 1381 days ago

Cocoa fell in New York as the dollar
gained, damping demand for commodities including gold and crude
oil as hedges against inflation.

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