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Yen Bounces Back Against Major Rivals
The Japanese yen rebounded on Monday in New York and regained much of its Sunday night slump. The yen got back almost all of its losses against the sterling and euro and also edged higher versus the dollar.
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Chart of the Day - 9/08/2008 - EUR/USD
Price action on the EUR/USD daily chart, as shown, has pulled back up to the long-term uptrend support line that it broke on Thursday of last week
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USD/CAD Update - Wedge Alert
As we can see on the accompanying USD/CAD daily chart, price has formed a tentative rising wedge consolidation.
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EUR/USD Update - Pullback after Breakdown
After breaking down below the long-term uptrend support line late last week, price action on the EUR/USD (a daily chart of which is shown) has pulled back up to the line and retreated back down.
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UK Output Prices Record Largest Monthly Fall Since 1986
Monday, output prices in the UK showed the largest monthly fall since 1986 as the economic growth came to a standstill and fuel prices eased in August. Meanwhile, annual output price inflation slowed after hitting a record high in July.
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Australian Economy Not In Recession, RBA Governor Says
The Australian economy might be in a period of slow growth - but it's definitely not in recession, Reserve Bank of Australia Governor Glenn Stevens told the House of Representatives on Monday in Melbourne.
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Economic Crisis Becoming Increasingly Broad-Based
Trader sentiment over economic conditions vacillated between hope and despair, as economic reports continued to relay mixed messages. Last week's reports were bordering on negative, with the bulk of the negativity stemming from weak readings on t
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Australian, N.Z. Dollars Rise on U.S. Rescue of Fannie, Fred
The Australian and New Zealand dollars rose against the yen after the U.S. government seized control of Fannie Mae and Freddie Mac, restoring confidence among investors to buy higher-yielding assets.
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Yen Declines After US Government Takes Over Fannie, Freddie
The yen fell by the most in seven weeks against the euro and dropped versus the dollar on speculation the U.S. government's takeover of Fannie Mae and Freddie Mac prompted investors to buy higher-yielding assets.
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Trader Sentiment is changing - Could this be an important turning point?
I'm going to keep it short and sweet this week and just say that if this isn't an important turning point on most pairs we are very close. Market sentiment is extreme and we should now see a strong reversal. See this article for market ...
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GFT Daily Market Commentary
Forex Market Commentary for September 8, 2008 by Cornelius LucaGFT Daily Market Commentary The unemployment data didn’t let us down, triggering aggressive, but divergent reaction of the dollar against different currencies. La...
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The Week Ahead for U.S.
In the Week Ahead in U.S. financial markets, Joe discusses upcoming FED talk and key economic releases.


