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Euro likely to hit dollar parity in 2011

posted by jerome 714 days ago in EUR, Inflation made popular 714 days ago

The euro is set to sink to parity with the dollar in 2011 because of the slow pace of economic recovery in Europe, if it has not broken up by then, a consultancy predicted. In a quarterly report, the London-based Centre for Economics and Business

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GOLD Loses Upside Momentum On Rejection Candle.

posted by FXTechstrategy 714 days ago in Technical, Weekly, Gold made popular 714 days ago

With a loss of upside momentum turning GOLD lower for most of the week to close marginally higher and form a shooting star candle, a tone for more weakness may have been set

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Euro crisis will not impact equity investments in India

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

Both the regions put together account for nearly 41-44 percent of global trade. The Euro region comprises Germany, France and Sweden with a robust recovery and GDP growth.

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Gold good for risk-averse investors

posted by Shawn 714 days ago in Gold made popular 714 days ago

Gold as an investment avenue has been in the news in the last few years because of the turbulence in the global economy.

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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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Gas prices continue their decline

posted by LosingGain 714 days ago in USD, EUR, Oil made popular 714 days ago

There is also latest news of the slumping euro, which fell to a four-year low against the dollar last week. That also has contributed to plunging prices at the pump, according to AAA.

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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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Market sentiment has been plagued for weeks by worries

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

On Friday, an official said the European Union has reached agreement with Greece on how to move forward with pension reform, while Spain's economy ministry said it has not made and will not make a request for economic aid from the EU.

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Platinum: How you can invest in it and its prospects

posted by pipOhoLic 714 days ago in Metals made popular 714 days ago

Precious stones and metals have always charmed Indians. But even as gold has gained weightage as an independent asset class over the decades, other metals have failed to catch the fancy beyond personal use.

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USD gains as retail sales slump data

posted by jerome 715 days ago in USD, GBP, Retail Sales

The dollar rose against the euro, Japanese yen and British pound on Friday after a weak retail sales report for the U.S. weighed on stocks and increasing the appeal of the greenback's relative safe haven status.

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US Dollar even as euro rally stalls

posted by erzon 715 days ago in USD made popular 715 days ago

The US dollar limited recent losses against the euro on Friday, pausing a three-day rise for the single currency. The euro traded at $US1.2112 by 2300 GMT (0900 AEST) in New York trade, the same level as a day before.

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$80 oil price 'is good for investment'

posted by neorix 715 days ago in USD, Oil made popular 715 days ago

A price range for oil of $70-80 per barrel was acceptable and good for maintaining investments, he said on the sidelines of a conference in Beijing yesterday, adding that oil prices were reacting to other factors such as euro zone financial troub

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