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GDP contracts 3.8% as inventories limit downturn

posted by mateo 1212 days ago in USD, GDP made popular 1212 days ago

The U.S. economy contracted at a 3.8% annualized rate in the fourth quarter, Commerce Department data showed Friday -- a decline that would have been worse except that the government counts an unwanted buildup of goods on store shelves as growth.

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Gold rallies 2% on haven buying, hits euro high

posted by mateo 1212 days ago in EUR, Gold

Gold rallied more than 2 percent in Europe on Friday to a three-month high, as investors once again sought the safety of bullion from volatility in other assets.

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EUR/USD - Technical Analysis 01-30-2009

posted by mateo 1213 days ago in USD, EUR, Technical

1,2903. EUR USD broke 1,3040 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pr

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Kiwi dollar tumbles to 6-year low

posted by mateo 1213 days ago in USD, NZD

The New Zealand dollar dropped to a six-year low against the US dollar after the Reserve Bank of New Zealand delivered a more aggressive interest rate cut than expected after its policy meeting.

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Canada’s Currency Drops as USD Rallies, Crude Oil Falls

posted by mateo 1213 days ago in USD, CAD, Oil

Canada’s dollar weakened as its U.S. counterpart gained against most major currencies after the Federal Reserve yesterday warned of a prolonged global slowdown, reviving aversion to higher-yielding assets.

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USD/CHF - Technical Analysis 01-29-2009

posted by mateo 1214 days ago in USD, CHF, Technical

1,1544. USD CHF broke 1,1460 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration.

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Today's Commodity Prices Forecast Tomorrow's Inflation

posted by mateo 1214 days ago in Gold, Oil, Inflation

I know this is a hard one to believe, being that we are obviously in the middle of a deflationary period, but savvy institutional players are already starting to position themselves for inflationary times ahead.

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AUD Gains on U.S. Rescue Plan, N.Z. Dollar Steady

posted by mateo 1214 days ago in AUD, NZD made popular 1214 days ago

The Australian dollar advanced and New Zealand’s currency traded near a one-week high on speculation the U.S. will outline its financial rescue plan next week and create an institution to take on banks’ toxic debt.

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Australian dollar up on higher metal prices

posted by mateo 1215 days ago in AUD, Metals

THE dollar was firmer at noon after an upturn in investors risk sentiment gave a boost to growth-sensitive currencies.

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Corning to Cut 3,500 Jobs, 13 Percent of Workforce

posted by mateo 1215 days ago in Employment made popular 1215 days ago

Corning Inc. said it plans to reduce its workforce by about 3,500 employees, or 13 percent, before the end of the year.

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Gold, platinum rise on brisk buying

posted by mateo 1220 days ago in Gold, Metals made popular 1219 days ago

Precious metals including gold and platinum advanced in early Asian trade Friday as investors sought a store of value amid tumbling equity markets.

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