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Jobless rate fourth highest in the Eurozone

posted by domyouji 998 days ago in EUR, Employment made popular 998 days ago

The Republic of Ireland has the fourth highest unemployment rate out of the 16 countries that use the Euro. According to Eurostat figures for July the Republic’s unemployment rate is at 12.5% after Spain (18.5%), Latvia (17.4%) and Lithuania (16.

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Gold Prices to 'penetrate higher level' on inflation fears

posted by ceronueve 998 days ago in Gold, Metals, Inflation made popular 998 days ago

A senior figure at Standard Merchant Bank has claimed today (September 1st) that he can see Gold Prices rising when economic recovery begins to gather pace, Bloomberg reports.

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Unemployment rate ticks up in Europe

posted by butterscotch 998 days ago in EUR, Employment made popular 998 days ago

Unemployment in the 27-member European Union rose to 9 percent in July, Eurostat said Tuesday.

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USD rallies as equities slide

posted by BloodDiamond 998 days ago in USD, Housing, Manufacturing made popular 998 days ago

After an unusual day Monday which saw the USD, stocks and commodity prices all trade lower in tandem USD rebounded Tuesday. USD was supported by weaker equity market trade in Europe and the US, report of a fall in UK manufacturing PMI and the RBA

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Bernanke: Central Bankers' Bob the Builder?

posted by odell 1003 days ago in USD, Fundamental, Weekly made popular 1003 days ago

Axel argues Ben may want Bob's job - that's Bob the Builder, for those who know the children's character. While lighthearted in tone, the implications may be far from it.

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Euro Loses Sharp Gains Vs Dollar, But Up On Day

posted by odell 1005 days ago in EUR, Fundamental

The euro has reversed earlier advances against the dollar late Tuesday morning, but remains up on the day. Better-than-expected data releases had led the higher-yielding euro to it highest level this week against the dollar as traders sold the bu

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Picture Day

posted by aranel 1009 days ago in Technical, Fundamental, Special made popular 1009 days ago

S&P 500 divided by Gold...hmmm...it at least tells us the relative value of gold has risen dramatically compared to stocks, as we switched from the up with paper stock rally to the in with stuff commodities rally in 2000.

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EUR/JPY

posted by odell 1076 days ago in EUR, JPY, Technical made popular 1076 days ago

US Jobs data just came out and the US economy only lost 345K jobs (much less than forecast) and the unemployment rate came it at 9.4%. The markets took this as a sign that the recession is abating.

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Wachovia Weekly Economic and Financial Commentary

posted by odell 1098 days ago in Fundamental, Weekly made popular 1098 days ago

The dollar got smacked this week. For example, the euro rose to its highest level vis-à-vis the greenback since the beginning of the year (see graph at the left). The euro did receive a bit of a boost from some stronger-than-expected data.

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Market-Based Stress Test May Relieve Anxiety

posted by odell 1116 days ago in USD, Fundamental, Weekly made popular 1116 days ago

The stress test may be causing more harm than good. Why? Regulators should always have a good assessment of the health of financial institutions. If there are deficiencies in the process applied to regulate banks, then the process for the system

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Gold steadies, ETF hits another record high

posted by Jmario 1158 days ago in Gold

Gold steadied on Wednesday as a rally in equities stalled and dollar-selling eased, with a fresh record in the holdings of the world's largest gold-backed exchange-traded fund confirming healthy demand.

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US Dollar Declines as Durable Goods Gain Reduces Demand for

posted by AnnJ 1158 days ago in USD, Consumer made popular 1158 days ago

The dollar declined against the euro as a government report showed an unexpected gain in orders for durable goods last month, reducing demand for safety.

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