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Video: Risk-On Fueled by Euro Output Data Dented by Greece

posted by FXTimes 712 days ago in EUR, Fundamental, Manufacturing made popular 712 days ago

Overnight the risk rally from last week was extended as we had stronger than expected industrial production data from the Euro-zone and quarterly manufacturing report from Japan. The Euro, Pound and commodity currencies rallied against the Dollar

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Strong New Zealand Dollar Makes Alan Bollard Unhappy

posted by commodityblog 712 days ago in USD, NZD, Fundamental made popular 712 days ago

The New Zealand dollar extended its rally today, making Alan Bollard, the governor of the Reserve Bank of New Zealand, unhappy as he worries that the strong currency impedes the economic recovery.

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Why Today's Greek Downgrade Shouldn't Hurt the Euro Too Much

posted by fahrell 712 days ago in EUR

News that Moody's cut Greece's credit rating to Ba1 from A3 is encouraging the market to do what it was already doing and that is paring the euro's earlier sharp gains.

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CAD Looks For Direction as EU Concerns Weigh on Outlook

posted by fahrell 714 days ago in USD, CAD, Fundamental made popular 713 days ago

The Canadian dollar looks to have extended last week’s rally against the U.S. dollar, finishing as the third best performing G-10 currencies through Friday’s close. Strong rallies in crude oil prices fueled the USD/CAD advance and sent it to the

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Oil ends down after U.S., China data disappoint

posted by ezir 714 days ago in USD, Oil made popular 714 days ago

U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.

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Gold to Rise?

posted by sophia 714 days ago in USD, Gold made popular 714 days ago

So with the credit crunch and economic slump still with us, oil still sliding (and giving confusing pricing signals) what will gold do this year? The inflation bears look at all the government debt and say, it’s good news for us, even though pric

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Top fund veteran's take on euro woes

posted by morgan 714 days ago in EUR made popular 714 days ago

Europe once offered relative safety to investors with an international appetite. Lately, however, the seemingly familiar terrain has become shaky ground. Emerging markets in South America and Asia seem stable by comparison.

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Gold price hits record high as key commodities rebound

posted by fahrell 714 days ago in USD, Gold made popular 714 days ago

The price of gold struck a record high above 1,250 dollars an ounce this week as investors nervous about the weak state of the global economy sought safety in the precious metal.

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Bank commission calls for 'profound reform' of banks

posted by peekaboo 714 days ago in GBP, Fundamental made popular 714 days ago

Risk-free "safe haven" accounts guaranteed by the government should be set up as part of a "profound reform of the banking system", an inquiry found.

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Inflation may force Bank to raise rates

posted by vinia 714 days ago in GBP, Inflation made popular 714 days ago

THE Bank of England could be forced to abandon its “highly expansionary” monetary policy — and raise interest rates — in the second half of the year, according to a member of its monetary policy committee.

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Europe's troubles far from over

posted by MonteAmor 714 days ago in EUR, Fundamental made popular 714 days ago

Problems with Greek debt were certainly a catalyst for weakness in bank shares in April, but now it is clear that the problem for Europe is much broader. The financial sector faces its biggest threat since October 2008, but for the European Centr

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Did somebody say ‘decoupling’?

posted by recessionfear 714 days ago in Fundamental made popular 714 days ago

There is a growing worry for investors as they head towards the second half of the year — will governments’ increased appetite for budget cutting knock the nascent global economic recovery off track?

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