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Brussels doubles EU recession forecasts for 2009

posted by fxlady 1118 days ago in EUR, Fundamental, GDP

The European Commission has revised economic forecasts sharply downwards and pushed recovery predictions out to the second half of 2010 in the face of the "deepest and most widespread recession in the post-war era".

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Pound Weakens From New Multi-Day Highs Against Majors

posted by fxlady 1118 days ago in USD, GBP made popular 1118 days ago

The British pound weakened from new multi-day highs against its US, Japanese, European and Swiss counterparts during Monday's early European deals.

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Australian, New Zealand Dollars Rise as Slump May Be Easing

posted by fxlady 1119 days ago in AUD, NZD, Fundamental made popular 1119 days ago

The Australian and New Zealand dollars rose for a second day as optimism that the world recession is easing spurred demand for the nations’ higher-yielding assets.

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AUD/USD Technical Analysis

posted by fxlady 1121 days ago in USD, AUD, Technical made popular 1121 days ago

The Aussie continues to be well supported as risk appetite remains stable in the markets for now. Manufacturing data out of China was encouraging, thus spurring demand for high yielding currencies.

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GBP/USD Daily Commentary - April 27, 2009

posted by fxlady 1125 days ago in USD, GBP, Daily made popular 1125 days ago

The Cable is under pressure just as the EUR/USD due to the global threat of the Swine Flu. As we explained in our EUR/USD commentary, the disease could have dire economic consequences if it were to reach a pandemic proportion.

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Canadian Dollar Gains on Absence of Immediate Easing Comment

posted by fxlady 1129 days ago in CAD, Fundamental, Inflation

Canada’s dollar gained the most in three weeks after central bank policy makers didn’t commit today to using so-called credit and quantitative easing to spur growth and lift the economy from a recession

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Consumers see glimmer of hope for economy

posted by fxlady 1129 days ago in CAD, Employment, Consumer

Canadian consumers are seeing a glimmer of hope that economic downturn could be coming to an end, according to a national confidence survey.

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Yen Advances on Speculation U.S. Banks Will Reveal More Loss

posted by fxlady 1130 days ago in USD, EUR, JPY

The yen gained against the euro and dollar for a second day on speculation U.S. banks will reveal additional losses, spurring demand for the Japanese currency as a refuge from the global financial crisis.

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CAD Weekly Commentary 04/10/09

posted by fxlady 1138 days ago in CAD, Weekly

The Canadian dollar ended the week up 0.2% versus the US dollar as risk aversion slipped by end of the week as equities recovered. A weak Canadian jobs report for March checked some of gains. The unemployment rate rose to a seven-year high at 8%

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US: Obama Meeting with Economic Advisers

posted by fxlady 1142 days ago in USD, Fundamental made popular 1142 days ago

President Barack Obama meets with his top economic advisers today as the U.S. recession shows signs of abating.

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Canadian Dollar Higher Against Most Majors

posted by fxlady 1165 days ago in USD, CAD, Inflation

The Canadian dollar slipped against the yen but recovered early losses against the US dollar during Thursday's early deals.

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Bank of England embarks on quantitative easing

posted by fxlady 1178 days ago in GBP, GDP

The Bank of England moved aggressively Thursday to prevent a deflationary spiral, cutting its key lending rate nearly to zero and launching an unprecedented program to effectively print money by buying 75 billion pounds ($106 billion) of commerci

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