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Petrol Prices Must Drop: AU Commissioner

posted by emmypiu 1309 days ago in AUD, Fundamental, Oil made popular 1309 days ago

THE Federal Government's petrol commissioner has put the big oil companies on notice that he expects prices to come down this week. Commissioner-elect Joe Dimasi, in charge of the Government's FuelWatch scheme, said he had been reviewing pri

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UK's food sales fall for first time in 20 years

posted by emmypiu 1311 days ago in GBP, Retail Sales, Consumer made popular 1307 days ago

Food sales have fallen for the first time in two decades after British shoppers cut back on their spending amid rising unemployment and slow income growth.
The Office for National Statistics said sales volume for food stores dropped 0.1% in the

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The U.S. Dollar Death Dance

posted by emmypiu 1311 days ago in USD, Sentiment, Daily made popular 1311 days ago

The USDollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, p

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Oil rises 2 percent as OPEC weighs supply cut

posted by emmypiu 1311 days ago in Fundamental, Daily, Oil made popular 1307 days ago

Oil prices rose on Thursday on expectations that OPEC will cut output at an emergency meeting Friday, after slowing demand and the growing financial crisis sent prices crashing from record highs above $147 a barrel. The slumping global economy ha

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US working on plan to help homeowners refinance

posted by emmypiu 1311 days ago in USD, Fundamental, Housing made popular 1311 days ago

Federal regulators told Congress Thursday they're working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that Federal Reserve Chairman Alan Greenspan warned will get worse before it gets bette

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Gold strikes 13-month low as dollar surges

posted by emmypiu 1312 days ago in USD, Daily, Gold made popular 1312 days ago

Gold extended a 6-percent decline in New York to hit its weakest in 13 months on Thursday, after the U.S. dollar rallied to its highest in two weeks against the euro.

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Oil Is Steady After Falling to 16-Month Low on Demand

posted by emmypiu 1312 days ago in Fundamental, Oil made popular 1307 days ago

Crude oil was little changed after falling more than $5 a barrel to a 16-month low yesterday as weakening fuel consumption outweighed prospects of a production cut by OPEC at a meeting this week.

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Canada August retail sales drop 0.3 % on autos

posted by emmypiu 1312 days ago in CAD, Retail Sales, Consumer made popular 1312 days ago

Canadian retail sales in August dropped for the first time in six months, slipping by 0.3 percent from July on lower sales in the automotive sector, Statistics Canada said on Wednesday.
Market analysts had on average forecast a 0.2 percent fall

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US copper hits 3-year low on dollar, economic woes

posted by emmypiu 1312 days ago in USD, Daily, Metals made popular 1312 days ago

The price of copper deteriorated to a 3-year low in New York futures trade early Wednesday as an extended rally in the U.S. dollar and worries over global economic growth again depressed values.

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Euro and Sterling Hardest Hit in Dollar and Yen Rally

posted by emmypiu 1312 days ago in EUR, GBP, Daily made popular 1312 days ago

Dollar continues to maintain strong momentum today on a couple of factors with dollar index soaring to as high as 85.91. Firstly, there are increased speculations that other major central banks in the world will cut rates faster than Fed.

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Executives join jobless in NZ's capital

posted by emmypiu 1313 days ago in NZD, Employment made popular 1313 days ago

Figures due out from Statistics New Zealand tomorrow show a quarterly 25 per cent increase in Wellington's unemployed, a third of whom are recently jobless.
1056 people had been added to Work and Income's database in the past 13 weeks, while tot

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Gold steadies, hovers around $770

posted by emmypiu 1313 days ago in Daily, Gold made popular 1313 days ago

TOKYO, Oct 22 (Reuters) - Gold steadied on Wednesday but remained vulnerable to downward pressure after falling 4 percent in the previous session when a dollar rally triggered a bout of long liquidation.
-- Spot gold inched up to $771.65 an oun

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