36 votes
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More Americans living in poverty
US President Barack Obama speaks on his 447 billion USD jobs plan to boost growth in the sluggish economy. Photo: AFP WASHINGTON: The number of Americans living in poverty jumped a record 2.6 million last year to 46.2 million people, the highest number ...
2 votes
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Samson Oil & Gas to Present to Delegates at the Rodman & Renshaw Annual Global ...
Samson has a total of 1996 million ordinary shares issued and outstanding (including 250 million options exercisable at AUD 1.5 cents), which would be the equivalent of 99.8 million ADSs. Accordingly, based on the NYSE AMEX closing price of US$2.50 per ...
39 votes
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Euro drops broadly, may stay pressured this week
Money markets have consequently priced in an interest rate cut from the European Central Bank by year-end. Strategists believe the euro could drop to $1.30 in fairly short order as euro zone officials muddle through the region's sovereign debt crisis, ...
4 votes
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Tokyo stocks up 1.53% by noon
Mitsubishi UFJ Financial Group rose 3.29 per cent to 345 yen. Among technology shares, Sony jumped 4.03 per cent to 1703 yen. The market was unmoved by earlier data showing that Japan's jobless rate stood at 4.7 per cent in July, up 0.1 percentage ...
35 votes
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USD/JPY back below 77.00, loses 1% on the day
You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ...
37 votes
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Euro Near 3-Week High Before Sarkozy, Merkel Meet on Debt Crisis
The trend of the weaker dollar and stronger yen is likely to continue. The Fed said in an Aug. 9 statement that it's prepared to use a range of policy tools to boost the economy, including keeping its benchmark interest rate near zero through ...
27 votes
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ECB buying up
We anticipate that the weekend's downgrade from S&P will be positive news for USD in the short term (0-1M), with a risk of a slight USD weakening today and tomorrow. Basically, we are still not concerned about USD until EUR/USD moves above 145.80. ...
30 votes
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Volatile Price Action On BoJ Intervention, ECB Rate Decision
The USD/JPY pair is up 2.54 percent on the day; similarly, as the flight to safe haven continues, market participants merely shifted funds out of the Yen and into the Swiss Franc, with the European safe haven up by 2.49 percent against its Asian ...
38 votes
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ECB and BOE Rate Decisions on the Heels of JPY Intervention
Market players continue to trade in a difficult environment after yesterday's interest rate move by the SNB to lower the value of the CHF and today's intervention by the BoJ to weaken the yen. The BoJ began selling yen on the open market overnight with ...
4 votes
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AUD/USD, bearish tone favors retest of 1.0680 V.Bednarik
The ausse lost ground against its American counterpart for a 5th consecutive day on Wednesday, dipping to as low as 1.0677 before recovering most of its daily losses and closing the American trade at 1.0752, 25 pips below ...
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GBP/USD giving up 1.6300
Despite a minor correction from yesterdays sharp losses in early trade over North America, the GBP/USD seems unable to sustain to the upside of 1.6300 just prior to the European session and is testing a daily low at 1.6290. ...
43 votes
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Will the Reserve Bank of Australia surprise the markets?
In the event where no rate hike occurs, it will all depend on what the central bank has to say to determine AUD moves in the near term. It is not an easy decision for the central bank. Recent economic data was disappointing triggering the question of ...


