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Oil at $300 a barrel: Will it or won't it?

posted by sassygirl 705 days ago in Oil

I had earlier made a technical and time cycle case for crude oil’s last dip to $60 before it heads to $300, suggesting the commodity cycle was 30 years long and considering commodities worldwide bottomed around 2000, a continued upside of commodi

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Canada's economy is suddenly the envy of the world

posted by sassygirl 706 days ago in CAD, Fundamental made popular 706 days ago

Canada thinks it can teach the world a thing or two about dodging financial meltdowns.

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US wholesale prices down for second straight month

posted by sassygirl 710 days ago in USD made popular 710 days ago

US producer prices dipped in May for the second consecutive month, government data showed Wednesday, easing any immediate inflation concerns in the world's largest economy.

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British Pound cools against US Dollar

posted by sassygirl 710 days ago in USD, GBP made popular 710 days ago

But this morning the pound has come off its highs against the US Dollar with one commentator saying nervousness ahead of the budget will keep the currency in check.

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Australia Pauses Rate-Hike Cycle, Watching Europe

posted by sassygirl 712 days ago in AUD, Inflation made popular 712 days ago

Australia's central bank was able to leave interest rates unchanged in the near term as previous rate hikes gave it time to see how Europe's debt woes would affect the world economy and to wait for more information on domestic inflation.

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Is Deflation in the United States Possible?

posted by sassygirl 713 days ago in USD, Inflation

According to some analysts, a sharp decline in major commodity-price indexes has raised the specter of deflation. The Journal of Commerce's index (JCOM) fell by 8.5% in May from April while the Commodity Research Bureau's index (CRB) fell by 8.2%

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UK holds rates before budget cuts

posted by sassygirl 716 days ago in GBP, Inflation made popular 716 days ago

The Bank of England yesterday kept its bond stimulus programme in place and left its benchmark interest rate at a record low to aid the economy as UK Prime Minister David Cameron prepares the biggest budget cuts since at least the early 1980s.

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Consumer confidence slumps on mine tax uncertainty

posted by sassygirl 718 days ago in AUD, Consumer

Australian consumer sentiment dropped significantly for a second straight month in June, providing more evidence the Reserve Bank of Australia may remain on hold for the time being after raising rates aggressively in the past nine months.

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Obama's economic policy more unpopular

posted by sassygirl 718 days ago in USD made popular 718 days ago

A majority of U.S. Republicans now say President Obama's policies have made the U.S. economy worse, a poll released Tuesday said.

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U.K. Pound Posts Weekly Gain Against Euro

posted by sassygirl 721 days ago in EUR, GBP made popular 721 days ago

The pound rose for a second week against the euro as reports signalled the country’s economic recovery is gathering pace while the 16 economies that share the single currency falter amid the sovereign debt crisis.

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Britain lags in the race to recover

posted by sassygirl 722 days ago in GBP, Fundamental made popular 722 days ago

Britain's fragile economic recovery is likely to lag behind France and Germany this year, according to ratings agency Standard & Poor's.

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Job hopes rise on flurry of economic reports

posted by sassygirl 723 days ago in USD, Employment

Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can from lean staffs and may need to hire soon.

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