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Australia, New Zealand Join The Deposit Guarantee Club

posted by lovethefx 1321 days ago in AUD, Fundamental, Daily made popular 1321 days ago

The Australian and New Zealand governments announced measures to lessen the impact of the global financial market rout on their banking systems, over the weekend. The move came in response to similar efforts agreed by G-7 nations to stabilize fin

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Warren Buffett's Reassuring Words On the Future

posted by MarcB 1321 days ago in USD, Daily made popular 1321 days ago

As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.

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Yen to Rise to 95 on Carry-Trade Unwind

posted by MarcB 1321 days ago in JPY, Sentiment, Daily made popular 1321 days ago

The yen may extend gains against the U.S. dollar as Japanese investors start selling some of their more than $1.3 trillion in overseas assets to bring money home because of a global slump in equities, JPMorgan Chase & Co. said.

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Time to come clean

posted by mags23 1322 days ago in AUD made popular 1321 days ago

Australia's Big Four banks are all exposed to the default of Lehman Brothers via credit default swaps (CDS) - a noxious bull-market derivative which threatens further contagion in the ailing global financial system.

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Get-Well Card from Central Banks Doesn't Cure the Underlying

posted by trade2win 1325 days ago in Fundamental, Special made popular 1325 days ago

Today’s coordinated cut in interest rates warmed the cockles of investors’ hearts as though they’d received a personal eCard from the world’s bankers, telling them that they indeed cared about investors’ feelings and that they were doing everythi

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Oil Falls More Than $1 on Signs Rate Cuts Won't Bolster Econ

posted by maximumpips 1325 days ago in Oil made popular 1325 days ago

Crude oil fell more than $1 a barrel in New York on concern that the coordinated cut of interest rates by central banks yesterday may be insufficient to prevent a prolonged global recession.

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Crisis is serious but can be solved, IMF head says

posted by pipsmgee 1325 days ago in Fundamental, Special made popular 1325 days ago

The global economic crisis is "very serious" but can be solved with quick, forceful and cooperative policies, the head of the International Monetary Fund said Thursday ahead of the fund's annual meeting.

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Global Growth Decelerating Rapidly In Face Of Financial Cris

posted by forexjunkie 1326 days ago in Fundamental, Special made popular 1325 days ago

The United States is heading towards a deep recession, the International Monetary Fund said Wednesday. Warning that the global economy will slow sharply in 2008 and through 2009, the IMF cut its growth projections for the U.S. and the world.

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Coordinated Rate Cuts: Too Little, Too Late? The Forex Angle

posted by dfxguy 1326 days ago in Fundamental, Special made popular 1325 days ago

We have been literally begging the Federal Reserve, the European Central Bank and the Bank of England to work together to stem the bleed in equities, and they have finally done it (What is the Fed Waiting For? And Panic Selling in FX Begs Coordin

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The Day Ahead Canada and U.S.: U.S. Initial Jobless Claims,

posted by borex 1326 days ago in USD, Fundamental, Employment made popular 1325 days ago

On Thursday, U.S. markets will be interested to see if initial jobless claims and continuing claims remain in recession territory.

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G7 meeting to focus on market turmoil as 'global phenomena'

posted by piptographer 1326 days ago in Fundamental, Special made popular 1326 days ago

This weekend's G7 finance ministers meeting will focus discussion on the current market turmoil as 'global phenomena,' Treasury Undersecretary for International Affairs David McCormick said today.

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Pending Home Sales Unexpectedly Show Substantial Increase In

posted by gonepippin 1326 days ago in USD, Fundamental, Housing made popular 1325 days ago

Pending home sales unexpectedly showed a substantial increase in the month of August, according to a report released by the National Association of Realtors on Wednesday, with the pending home sales index rising to its highest level in over a yea

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