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UK Trade Deficit Contracts In August

posted by pippinator 1325 days ago in GBP, Fundamental, Trade made popular 1324 days ago

UK’s total trade deficit narrowed slightly in August after widening in July, official data showed.

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Can the Bank of Japan Provide Global Financial Guidance at

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

On October 10, the G7 will hold a meeting of Finance Ministers in Washington DC - all day - to discuss the current state of affairs within global markets, central bank intervention and what the future could potentially hold.

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Gold Futures Drop on Bets Global Slump to Cut Commodity Dema

posted by dollardude 1325 days ago in Gold made popular 1324 days ago

Gold fell for the first time this week on speculation that a global economic slump will reduce demand for commodities. Silver gained.

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U.S. may take ownership stake in banks

posted by dooly 1325 days ago in USD, Fundamental made popular 1325 days ago

In another attempt to loosen credit markets and restore confidence in the financial system, the Treasury Department is considering a plan to take ownership stakes in many U.S. banks, both healthy and troubled, according to a media report Wednesda

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End of the Dollar's Rally?

posted by simitpatel 1325 days ago in USD, Agriculture made popular 1324 days ago

A look at if the US dollar's rally is over, and if the commodity bull market is returning.

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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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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 index rises 7.4% in August: NAR

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

Despite the credit crunch gripping the U.S. economy, the National Association of Realtors reported Wednesday that an index of sales contracts on previously owned homes rose 7.4% in August from the prior month

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