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US trade gap widens in Dec to $40.2bn

posted by hachibi 836 days ago in USD, Oil, Trade made popular 836 days ago

The US trade deficit widened unexpectedly in December to $40.2 billion, fueled by the highest oil prices since October 2008, the Commerce Department said yesterday.

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USD Lower, CRB Rebounds

posted by hachibi 838 days ago in USD, EUR, Trade made popular 838 days ago

USD traded mixed Monday with the main focus on sovereign debt risks in Europe. EUR experienced a modest recovery as EU officials and central bankers from the G7 said they were confident that Greece will be able to cut its deficits.

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Bank to cut UK growth forecast

posted by hachibi 840 days ago in GBP, GDP, Inflation made popular 840 days ago

THE Bank of England is set to cut its growth forecasts for the UK economy in 2010 and raise its inflation expectations in the wake of recent economic data.

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USD Strengthens Versus Yen After Unemployment Rate Declines

posted by hachibi 841 days ago in USD, JPY, Employment made popular 841 days ago

The dollar gained against the yen after a government report showed the U.S. unexpectedly lost jobs last month while the unemployment rate declined.

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Scottish house prices on the rise

posted by hachibi 841 days ago in GBP, Housing

Official figures have shown that house prices rose in the final three months of last year by 1.3% compared with the same period last year.

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House prices likely too remain flat in 2010

posted by hachibi 842 days ago in GBP, Housing made popular 842 days ago

House prices rose for the seventh month in a row, according to the latest data from the Halifax. But the mortgage lender also warned that overall house prices were likely to be flat for most of 2010.

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The impact on gold of the dollar and the U.S. economy

posted by hachibi 844 days ago in USD, Gold made popular 844 days ago

It's now nearly two months since gold registered an all-time high of $1,227 an ounce, following a five-month run during which the metal rose more than $300 an ounce. From a long-term perspective, this is a remarkable 380 percent trough-to-peak g

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Is Gold a Good Inflation Hedge?

posted by hachibi 846 days ago in USD, Gold, Inflation made popular 846 days ago

In light of the large amount of fiscal stimulus, monetary easing, and credit creation in the form of new dollars that have all taken place recently in the United States, many are concerned about the dollar, its buying power and the inevitable hig

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USD Breaks Out While Gold, Yen Hold Steady

posted by hachibi 846 days ago in USD, JPY, Gold made popular 846 days ago

The U.S. dollar index is only trading back to levels from last summer. However, from a technical standpoint, the dollar has broken out: the short-term downtrend has ended, and the current move has considerable upside potential.

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US Dollar goes up

posted by hachibi 847 days ago in USD made popular 847 days ago

The US Dollar included 0.2 percent in overnight trading as stocks dropped following frank Rochdale Securities LLC analyst Robert Bove reduced Wells Fargo Bank, the biggest US home lender, after the firm issued what seemed to be a key of 3rd-quart

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Oil prices rise, remain below $74

posted by hachibi 848 days ago in USD, Oil

World oil prices advanced on Friday but remained below 74 dollars as concerns about demand and a strengthening US dollar kept a hold on prices, analysts said.

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Technical Analysis: Euro May Slide Against Pound

posted by hachibi 849 days ago in EUR, GBP, Technical made popular 849 days ago

The single European currency might initially depreciate to 81.70 pence, the 50 percent Fibonacci retracement of the 2007- 2008 euro “bull market,” said Paul Day, chief market analyst at MIG in Neuchatel, Switzerland. A “potential ABC Elliott Wave

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