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Bank of England: Inflation to fall below 2 pct.

posted by odell 1291 days ago in GBP, Fundamental, Inflation made popular 1291 days ago

The Bank of England warned Wednesday that it expects inflation to fall below the government's target of 2 percent next year as the economy contracts further, stoking expectations that the Bank will lower its benchmark interest rate -- possibly to

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The Day Ahead Europe & UK: British Employment & Inflation

posted by kulas 1292 days ago in EUR, GBP, Fundamental made popular 1291 days ago

UK employment and the BOE's Quarterly Inflation Report are the main macroeconomic releases of the European session. The euro zone is also expected to receive industrial production data for September.

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EUR/USD intraday: consolidation

posted by blitz 1292 days ago in USD, EUR, Technical made popular 1291 days ago

Our preference: Short @ 1.279 with targets @ 1.2675 & 1.264 in extension.
Alternative scenario: Above 1.28 look for further upside with 1.29 & 1.292 as targets.

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More Canadians Plan to Spend Less on Holiday Shopping

posted by strawberry 1292 days ago in CAD, Retail Sales, Consumer made popular 1291 days ago

More than a third of Canadians plan to spend less on holiday shopping this year compared 2007, but according to a new survey, retail sales are still expected to match or even surpass last year's levels.

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Dollar rises on recession fears

posted by twilight 1292 days ago in USD, Fundamental, GDP made popular 1291 days ago

The dollar resumed its climb against other major currencies for a second day in a row Tuesday as recession fears took center stage.

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Recession comes to Canada, 100,000 jobs to be lost

posted by xjessicax 1292 days ago in CAD, Fundamental, Employment made popular 1291 days ago

Canadians are in store for a harsh winter of economic news with substantial job losses mounting in the next few months as recessionary times take hold, the Global Insight forecasting firm says.

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Investors Still Worried About German Economy

posted by keiragabe 1292 days ago in EUR, Fundamental, GDP made popular 1291 days ago

Despite the upside surprise in German investor sentiment for November, economists still see Germany in a technical recession and expect Q3 preliminary estimates scheduled for release on Nov. 13 to support that argument.

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Nationwide predicts 25% fall in house prices

posted by princesa 1292 days ago in GBP, Fundamental, Housing made popular 1291 days ago

Nationwide maintained a gloomy outlook on the housing market on Monday, saying house prices would fall by a total of 25 per cent and there might be no bounceback until 2010.

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The Economic Crisis and Its Aftermath: A Detailed Analysis

posted by MarcB 1292 days ago in USD, Fundamental, Daily made popular 1292 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

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Dollar Stays On Track Versus Other Majors Tuesday Morning

posted by scorpio 1292 days ago in USD, EUR made popular 1292 days ago

The dollar saw little movement versus other majors Tuesday morning in New York, inching to a 2-week high versus the sterling while holding steady against the euro.

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Canada's Dollar Little Changed as Trading `Poor' on Holiday

posted by stephenie 1292 days ago in USD, CAD made popular 1292 days ago

Canada's currency was little changed against the U.S. dollar as liquidity was described as ``poor'' on the Remembrance Day holiday.

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German Investor Confidence Unexpectedly Increased

posted by kulas 1292 days ago in EUR, Fundamental made popular 1292 days ago

German investor confidence unexpectedly rose in November as governments and central banks stepped up efforts to fight the turmoil on financial markets.

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