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Gordon Brown hints at further tax cuts

posted by princesa 1293 days ago in GBP, Inflation made popular 1292 days ago

One day we have suggestions of tax cuts, the next day we have a dismissal of claims and then the next day it seems as though tax cuts are back on the agenda.

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Sterling tumbles to all-time low against the single currency

posted by sassygirl 1293 days ago in GBP, GDP, Inflation made popular 1292 days ago

Sterling plunged to an all-time low against the euro yesterday, as last week's one-and-a-half-point cut in UK base rates and expectations of further significant reductions weighed heavily.

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Short NZD/USD

posted by JayP 1293 days ago in USD, NZD, Technical made popular 1292 days ago

Hello! The week started off with a bit of a scare as NZD/USD gapped up at the open of trading. There was a surge of risk appetite after the Chinese government pledged a huge stimulus package, over $500 billion

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US jobless rate soars to highest since 1994

posted by eriathwen 1293 days ago in USD, Fundamental, Employment made popular 1293 days ago

The US unemployment rate rose to the highest level since 1994 last month as companies slashed payrolls, setting the stage for the steepest economic decline in decades and a tough start for Barack Obama’s presidency.

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Buying of EURO/GBP today helping to lift the EURO today

posted by sassygirl 1293 days ago in USD, Technical, Daily made popular 1293 days ago

The USD opens New York mixed after a quiet two-way overnight session aided by non-USD cross spreading; minor economic news helped to underpin the majors as the week gets underway.

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Oil, Metals Rise as China Announces Economic Stimulus Packag

posted by stephenie 1293 days ago in Fundamental, Oil, Metals made popular 1293 days ago

Crude oil climbed more than $3 a barrel and metals rose after China announced a 4 trillion-yuan ($586 billion) stimulus package that may spur economic growth and consumption of raw materials.

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ECB’s recession fight plan: keep on cutting rates

posted by chloegurl 1293 days ago in EUR, Fundamental made popular 1293 days ago

Faced with a looming recession and rapidly falling inflation, the European Central Bank (ECB) delivered a hefty 50-basis point rate to 3.25 percent cut on November 6, leaving the door open to further reductions in borrowing costs in the coming mo

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Canada October Home Starts Fall Less Than Forecast to 211,80

posted by kulas 1293 days ago in CAD, Housing made popular 1293 days ago

Canadian new-home starts fell less than anticipated in October, on detached houses and multiple- family dwellings such as apartments.

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Real-estate reality: Canada will suffer, too

posted by scorpio 1293 days ago in CAD, GDP, Housing made popular 1293 days ago

That burst the speculative bubble, but the same hasn't happen in Canada. Banks were more careful about whom they lent to. Still, the Canadian economy is teetering on the edge of a recession and real estate will suffer, experts agree.

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Canadian Dollar Falls Slightly on Canadian Housing Starts

posted by stephenie 1293 days ago in CAD, Fundamental, Housing made popular 1293 days ago

The Canadian dollar is modestly lower despite a higher-than-expected result in October's housing starts release on Monday.

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Italian Industrial Production Weaker than Expected in Sept

posted by milkyway 1293 days ago in EUR, Fundamental, Manufacturing made popular 1293 days ago

Italian industrial production fell 2.1% in September in seasonally adjusted terms after rising 0.4% previously, the National Institute of Statistics (ISTAT) said on Monday. Economists had expected a 1.6% decline.

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ECB Will Not Be Changing its Monetary Policy View

posted by chloegurl 1293 days ago in EUR, Fundamental made popular 1293 days ago

European Central Bank President Jean-Claude Trichet said that the ECB will not be changing the way it views monetary policy.

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