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Goldman analysts: Credit crisis only halfway over

posted by MarcB 1265 days ago in USD, Fundamental, Sentiment made popular 1265 days ago

Back in April, Goldman Sachs CEO Lloyd Blankfein said that the credit crisis, if it were a football game, was "probably in the third or fourth quarter." Eight months later, Goldman analysts are saying the current credit cycle has only now reached

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Short EUR/CHF Idea

posted by MarcB 1275 days ago in EUR, CHF, Technical made popular 1275 days ago

Got a "Turkey Day" special trade idea, one that wets the palettes of my longer term trading friends. EUR/CHF has seen a fantastic run higher after hitting lows around 1.43, but has the rally run out of steam and is the pair ready to reverse lower

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Pick of the Day: USD/JPY

posted by MarcB 1279 days ago in USD, JPY, Technical made popular 1279 days ago

Looks like we only have time for maybe one trade this week as we approach "Turkey Day" here in the US and USD/JPY may be a winner. Quite a few technical setups going on indicating we may see a reversal back to the downtrend. Let's take a look.

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EUR/GBP

posted by MarcB 1283 days ago in EUR, GBP, Technical made popular 1283 days ago

Technical long play idea on EUR/GBP

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Pick of the Day: USD/JPY

posted by MarcB 1285 days ago in USD, JPY, Technical made popular 1283 days ago

Technical short idea on USD/JPY

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The Economic Crisis and Its Aftermath: A Detailed Analysis

posted by MarcB 1292 days ago in USD, Fundamental, Daily made popular 1292 days ago

Since this is a political season, and with the economic crisis, I think everyone in finance understands there is a sort of “silly season” that ensues. We certainly noted the sort of irrational behavior that would immediately make an economist que

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Service Sector Contracts In October, But At Slower Than Expe

posted by MarcB 1298 days ago in USD, Fundamental, Employment made popular 1298 days ago

Activity in the service sector contracted in October after two consecutive months of growth, according to a report released by the Institute for Supply Management on Monday, although the pace of contraction was not as fast as economists had been

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UK Economy Contracts For First Time Since 1992

posted by MarcB 1310 days ago in EUR, GBP, Daily made popular 1307 days ago

Friday, the pound slumped to a new record low against the euro after a report showed that the UK economy contracted for the first time since 1992 in the third quarter. The third quarter GDP also dropped more than economists expected. The pound al

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Yen Rises to 13-Year High as Investors Exit High-Yield Asset

posted by MarcB 1310 days ago in USD, EUR, JPY made popular 1307 days ago

The yen climbed to a 13-year high against the dollar as the prospect of a global recession prompted investors to dump higher-yielding assets funded in Japan. The dollar rose to a two-year high versus the euro.

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Jobless Claims Rise More Than Expected

posted by MarcB 1311 days ago in USD, Fundamental, Employment made popular 1307 days ago

The number of U.S. workers filing new claims for jobless benefits rose by a larger than expected 15,000 last week, government data on Thursday showed, reinforcing evidence about the weak state of the labor market.

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Dollar to Drop 8% Against Yen as Carries Unwind, Barclays Sa

posted by MarcB 1311 days ago in USD, JPY, Daily made popular 1307 days ago

The yen may strengthen 8 percent by March 2009 to 90 per U.S. dollar as investors dump higher- yielding assets funded in Japan and bring their cash home, Barclays Capital said.

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Oil Climbs Above $73 A Barrel

posted by MarcB 1314 days ago in USD, Daily, Oil made popular 1314 days ago

Oil prices climbed again on Monday as traders showed they expect the Organization of Petroleum Exporting Countries to lower production later this week. Light sweet crude for November delivery moved to $73.52, up $1.67 for the session. Crude touch

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