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ECB Monthly Bulletin Notes Easing Inflation, Downside Risks

posted by milkyway 1290 days ago in EUR, Fundamental, Inflation made popular 1290 days ago

The outlook for price stability has improved further, with inflation likely to reach the target level of 2% over 2009, while the intensification and widening of the ongoing financial crisis is likely to hinder euro zone and global economic growth

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ECB's Stark Says Economic Outlook Remains Uncertain

posted by chloegurl 1290 days ago in EUR, Fundamental made popular 1290 days ago

Speaking at the Central Bank of Luxembourg's 10th anniversary, European Central Bank Executive Board member Jurgen Stark said the financial crisis is wreaking havoc and that the economic outlook is difficult to assess.

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EUR/CHF - Euro Swiss Franc, European Session

posted by eriathwen 1291 days ago in CHF, Technical made popular 1290 days ago

1,4817. EUR CHF is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration.

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'High chance' of Scots recession

posted by ceronueve 1291 days ago in GBP, Fundamental made popular 1290 days ago

There is a "high probability" that the Scottish economy will go into recession next year, it has been warned.

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European markets fall, led by financials, commodities

posted by grink 1291 days ago in GBP, CHF, Special made popular 1290 days ago

The European markets fell for the second day on Wednesday, as growing concerns about the economic crisis hit financial stocks and falling crude oil and copper prices drove commodity stocks lower.

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Europe’s largest economy in recession

posted by andes 1291 days ago in GBP, GDP, Inflation made popular 1290 days ago

Official figures show that Germany, Europe’s largest economy, is now in recession after gross domestic product (GDP) fell by 0.5% in the third quarter.

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Euro Falls as German Economy Enters Worst Recession in 12YRS

posted by andes 1291 days ago in GBP, GDP, Inflation made popular 1290 days ago

The euro fell to a two-week low against the dollar after Germany's economy entered its worst recession in at least 12 years, spurring speculation the European Central Bank will cut interest rates.

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Another Bad Day for Sterling as $1.48 Beckons

posted by sassygirl 1291 days ago in USD, GBP, Special made popular 1290 days ago

Sterling has fallen over 5 cents on yesterday's opening level versus the US dollar, hit hard by the release of a dovish inflation report from the Bank of England, which has reinforced the market view that UK interest rates have a lot further to f

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BOE will cut another full point in December

posted by eriathwen 1291 days ago in GBP, Fundamental, Weekly made popular 1291 days ago

While a shock and awe approach to rate cutting Thursday saw the Bank of England cut the key rate 150 basis points to 3% briefly lent the British pound support, weak economic data piled up and left the currency down 2.5% against the greenback at t

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Swiss franc ended the week down 1.8% against the US dollar

posted by princesa 1291 days ago in CHF, Technical, Weekly made popular 1290 days ago

The Swiss franc ended the week down 1.8% against the US dollar on signs of a modest recovery in risk taking activity and unwinding of safe haven trades including long francs against euros (had an indirect negative impact on franc versus the US$).

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US non-farm payrolls in October

posted by sassygirl 1291 days ago in USD, Technical, Weekly made popular 1290 days ago

In the coming week the US releases data on employment costs, international trade, weekly jobless claims, retail sales, consumer sentiment, and business inventories.

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1% Bank may be forced to slash its rates

posted by sassygirl 1291 days ago in GBP, Fundamental, Inflation made popular 1290 days ago

Interest rates will be cut to an all-time low of one per cent to combat spiralling unemployment, experts predicted yesterday.

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