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Yen rallies as S&P cuts US financial firms ratings

posted by pipsmgee 1454 days ago in JPY, Fundamental, Daily made popular 1454 days ago

The yen surged on Monday after Standard & Poor's cut ratings on three big U.S. securities firms and a British lender gave a grim assessment of the UK mortgage market, igniting fears of more pain from the global credit crisis.

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U.S. doing a better job restraining money growth than euro z

posted by pipsmgee 1454 days ago in USD, Daily made popular 1454 days ago

Currency traders know Albert Einstein was right: All things -- especially in the currency market -- are relative.
You can't talk about one currency in isolation. Headlines tell us that the dollar is down. That means other currencies are up. But

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Eight reasons higher prices will do us a world of good

posted by pipsmgee 1456 days ago in Fundamental, Oil made popular 1456 days ago

For one of the nastiest substances on earth, crude oil has an amazing grip on the globe. We all know the stuff's poison, yet we're as dependent on it as our air and water supplies -- which, of course, is what oil is poisoning.

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Inflation wipes out income gains in April

posted by pipsmgee 1457 days ago in USD, Fundamental, Inflation made popular 1457 days ago

Inflation erased all the gains in disposable personal income in April, while U.S. consumer spending was flat after adjusting for higher prices, the Commerce Department estimated Friday.

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First-quarter GDP revised up to 0.9%, as expected

posted by pipsmgee 1458 days ago in USD, Daily, GDP made popular 1458 days ago

The U.S. economy grew at a sluggish pace in the first quarter, held back by the biggest slump in housing in 26 years and the first decline in final domestic sales in 17 years, the Commerce Department reported Thursday.

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Canada's Flaherty upholds economic growth outlook

posted by pipsmgee 1459 days ago in CAD, Fundamental, Daily made popular 1458 days ago

Canadian Finance Minister Jim Flaherty maintained on Wednesday his forecast for economic growth of 1.7 percent in 2008 but warned the economy faces serious challenges amid the U.S. slowdown.

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Fed wants to take a breather, Kohn suggests

posted by pipsmgee 1459 days ago in USD, Fundamental, Inflation made popular 1459 days ago

Interest rates are now low enough for the Federal Reserve to pause and take a wait-and-see stance in coming weeks, Fed Vice Chairman Donald Kohn said Tuesday.

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Dollar gains ground after three-day U.S. break

posted by pipsmgee 1460 days ago in USD, Fundamental, Daily made popular 1458 days ago

The dollar was off its session highs but still maintaining gains against major rivals Tuesday, taking its cue from weak German consumer confidence data as well as a drop in crude-oil futures.

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Gold futures scores a nearly 3% gain on week

posted by pipsmgee 1461 days ago in USD, Daily, Gold made popular 1461 days ago

Gold futures closed higher Friday to log a weekly gain of almost 3%, as weakness in the U.S. dollar and strength in oil prices fueled concerns about inflation.

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Oil's tense trading scene may sway a move to Dubai

posted by pipsmgee 1462 days ago in Oil made popular 1461 days ago

The Dubai Gold & Commodities Exchange will launch trading of crude-oil futures on Tuesday, a timely move given the astronomical prices for oil and talk of U.S. regulation of speculators in the commodity markets.

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Gas roars higher, pressuring holiday travelers

posted by pipsmgee 1463 days ago in Fundamental, Oil, Inflation made popular 1462 days ago

As consumers began hitting the road Friday for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12

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Unsold houses rise to 23-year high in April

posted by pipsmgee 1463 days ago in USD, Fundamental, Housing made popular 1463 days ago

The U.S. housing market weakened further in April with a flood of homes coming on the market even as sales and prices declined, the National Association of Realtors reported Friday.

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