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Has gold earned its place in RRSPs?

posted by annie 840 days ago in USD, EUR, Gold

In What is America?: A Short History of the New World Order, author Ronald Wright argues that the plunder of the Americas' gold helped finance Europe's industrial revolution, leading to a surplus population on that continent that in turn led to t

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5,000 US Jobs Created in Jan

posted by annie 841 days ago in USD, Employment made popular 841 days ago

Ahead of the US nonfarm payrolls data, Dodge Dorland from Landor & Fuest Capital Managers told CNBC he expects an increase of 5,000-6,000 jobs in January, with the unemployment rate coming in at 10.1%. He sees the S&P 500 index dropping another 2

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USD keeps broad gains, Euro teeters at 7-mth low

posted by annie 846 days ago in USD, EUR made popular 846 days ago

The dollar held at its highest levels in six months on Monday, while the euro huddled near seven-month lows on fiscal concerns, and higher yielding currencies remained pressured by the closing of leveraged trades.

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Energy prices fall despite GDP growth

posted by annie 846 days ago in USD, Oil, GDP made popular 846 days ago

Crude oil futures slipped below $73 a barrel for West Texas Intermediate late Friday as a temporary boost from strong GDP figures failed to last and let prices sink to a one-month low. Earlier in the week, China, weak refinery demand and slumping

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Gold falls for third straight week on liquidation

posted by annie 847 days ago in USD, Gold made popular 847 days ago

Gold prices fell on Friday, posting a third straight week of declines as strong economic data boosted the dollar and commodity investors remained cautious of a U.S. proposal to limit bank risks.

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JPY crosses lower on renewed China move

posted by annie 852 days ago in JPY made popular 852 days ago

The talk is that China has told some of the major banks to alter their lending practices again. More to come but the JPY crosses have had the wind well and truly taken out of their sails.

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Euro May Fall to 7-Month Low Against Dollar

posted by annie 852 days ago in USD, EUR, Technical made popular 852 days ago

The euro may fall to a seven-month low of $1.38 should it close below so-called support at $1.4118, said Pak Lai Ng, a technical analyst at Forecast Pte in Singapore, citing trading patterns.

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Gold prices drop in global market

posted by annie 854 days ago in USD, Gold made popular 853 days ago

Gold prices fell below $1,100 despite a weaker U.S. dollar. Gold for February delivery was sinking another $12.50 to $1,090.70 an ounce at the Comex division of the New York Mercantile Exchange.

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Dollar slides on Obama bank plan

posted by annie 855 days ago in USD made popular 855 days ago

The dollar took a beating Friday as US President Barack Obama's tough bank reform plans heightened fears about recovery in the sector and the overall economy.

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Pace of manufacturing job losses slows down

posted by annie 857 days ago in GBP, Employment, Manufacturing

The pace of job losses in the UK manufacturing sector is falling, according to the latest official labour market figures published by the Office for National Statistics today

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Consumer confidence in AU economy jumps to highest level

posted by annie 857 days ago in AUD, Sentiment, GDP

The sentiment index climbed 5.6 percent to 120.1 points, with the surge in confidence in the Australian economy coming during Australia’s biggest hiring period as many companies expand within the mining and energy sectors.

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Oil price slips to around $79 as cold spell eases

posted by annie 862 days ago in USD, Oil

Oil slipped to around $79 per barrel yesterday and was set for its first weekly drop in more than a month on disappointing economic data and expectations for reduced heating demand in the United States.

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