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G-20 Meeting Stresses Fiscal Consolidation
Over the weekend, G20 Finance Ministers and Central Bank Governors clashed over various solutions regarding the global economic recovery.
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Germany and UK Follow G-20 by Pushing Spending Cuts
Today, German Chancellor Angela Merkel’s Cabinet will meet to hammer out a plan to cut government spending. The budget cuts will shape government policy for years and will try to cut €10 billion ($12 billion) of government spending per year. Davi
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The Koala System Forex Review 31 May - 1 Jun 10
Get that extra edge!
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Video: German Factory Orders Help Euro Climb from 4-Year Low
German factory orders surprised forecasts, posting a strong reading for the month of April. Orders rose 2.8% on the month when forecasts had orders declining 0.4%. The positive fundamental data was able to stem the decline in the EUR/USD after it
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House prices fall
House prices in May were 6.9% higher on an annual basis according to latest data from the Halifax. This was the largest increase in the annual rate of change – measured by the average for the latest three months against the same period a year ear
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Euro Ministers Fix Terms For Emergency Loan Pact
Euro-zone finance ministers were on Monday fixing terms of access to 440 billion euros in emergency government loans and negotiating new rules for cross-border governance anchored in tough penalties.
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Asian Market Update – 6/7/10
- Asian equity markets are deep in the red as perceptions of a US-recovery backstop counterbalancing the slowdown in China and fiscal crisis in Europe were undone by the disappointing Friday jobs report. Nikkei225 is leading the collapse with a 3
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EU Morning Report – Non Farm payrolls disappoint the markets
Markets on Friday had another down day due to the very disappointing Non Farm Payrolls report. The number was expected to show that the US created 523K jobs for the month of may, however the report only indicated that the US created just over 400
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Stability in the outside markets should bring support to the
Good morning. ..I think? Stability in the outside markets along with a large decline in open interest in both hogs and cattle seems to be the feature early today. Asian stocks traded sharply lower last night but the European stock market rebounde
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USD/CHF - Buy at 1.1560
USD/CHF - 1.1630Original strategy :
Buy at 1.1570, Target: 1.1670, Stop: 1.1520
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Hoarding Treasuries Helps Dealers as Europe Woes Rise
Wall Street’s biggest bond firms are buying the most Treasuries in two years, driving the biggest rally in government bonds in at least seven years, as Europe’s sovereign-debt crisis worsens.
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Gold prices dip as euro rises slightly
Gold took a pause from its recent run-up Wednesday as the euro strengthened. Investors are pulling money out of gold as the euro bounces off of a four-year low. Investors see gold as a safe alternative to the European common currency, which has b


