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Philly Fed Survey: Will The Good Numbers Keep Coming?

posted by willfx 1319 days ago in USD, Fundamental made popular 1319 days ago

July, August and September have seen a steady increase in this number. September actually broke the zero line coming in at 3.8, which is a shocking 13.8 over the estimated negative 10 reading.

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Fed Says Economic Activity Weakened Across The Country

posted by jonnycakes 1319 days ago in USD, Fundamental made popular 1319 days ago

A report issued by the U.S. Federal Reserve said Wednesday that economic activity slowed in all parts of the country during September, with several regions showing increased pessimism about the economic outlook.

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Currency Markets Calm for October 15th

posted by thegearedinvestor 1319 days ago in Sentiment, Daily, Inflation made popular 1319 days ago

As I sit here looking at currency charts this morning I notice something that I haven't seen in weeks. The currency markets appear much more calm and are taking direction after all of the volatily caused by the $700 billion promised to the finan

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U.K. Jobless Claims Reach Highest in Almost Two Years

posted by sassygirl 1319 days ago in GBP made popular 1319 days ago

U.K. unemployment rose to the highest level in almost two years in September as the prospect of a recession and the global financial crisis prompted a spate of job cuts from banks to construction companies.

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BOJ drains funds from money market

posted by czarinacleopatra 1320 days ago in JPY made popular 1319 days ago

Japan’s central bank said it drained excess funds of 2.2 trillion yen (USD 21.6 billion) from the Tokyo money market as credit market tensions eased.

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Global market rally loses steam

posted by czarinacleopatra 1320 days ago in EUR, JPY made popular 1319 days ago

Asian stocks were mostly lower Wednesday as a global market rally lost momentum amid growing fears of recessions in some of the world's biggest economies.

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Japan unveils measures to support stock market

posted by czarinacleopatra 1320 days ago in JPY

TOKYO: Japan announced a package of measures Tuesday to support the ailing stock market, including a loosening of restrictions on companies buying back their own shares.

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Which past crisis tells us what lies in store?

posted by czarinacleopatra 1320 days ago in USD, EUR, JPY

At the end of the tunnel of this financial crisis lies not light, but the gloom of a recession. As surely as smoke follows fire, what comes after a financial meltdown is an economic downturn. Can history tell us how bad this one is likely to be?

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Hong Kong and Japan step in to help banks

posted by czarinacleopatra 1320 days ago in JPY

HONG KONG: Regulators in two of the biggest Asian financial centers stepped up their efforts Tuesday to ensure liquidity and insulate their respective banking systems from the turmoil in global credit markets.

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Australia, NZ Dollars Fall as Stocks, Commodities Drop

posted by mags23 1320 days ago in AUD

The Australian and New Zealand dollars fell as stocks and commodity prices declined on concern a $3 trillion effort to shore up the global financial system will fail to prevent a global economic recession.

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Exports may not rescue UK economy

posted by sassygirl 1320 days ago in GBP made popular 1320 days ago

Hopes that the plunging pound may boost UK exports have been questioned by new research into currency movements.

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Why the Swiss economy is still as safe as –er– a Swiss bank

posted by sassygirl 1320 days ago in CHF made popular 1320 days ago

The Swiss are natural-born savers, says Harry de Quetteville, and consider banks to be emblematic pillars of society.

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