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German Trade Surplus Falls; UK House Prices Log Big Decline

posted by Avatar JayP 1325 days ago in EUR, GBP, Daily

Thursday, external trade data was released from Germany and UK. The German trade surplus declined in August, while the UK trade deficit narrowed slightly. Further, survey data showed that UK house prices fell the most since 1983. read more
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Global Markets Fall Again As Credit Remains Frozen

posted by Avatar MarcB 1325 days ago in USD, Fundamental, Daily made popular 1325 days ago

After a tentative rebound, global stock markets turned lower as a coordinated rate cut by major central banks failed to unlock frozen credit markets, putting pressure on officials to take further read more
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Yen Tumbles as Global Interest-Rate Cuts Revive Risk Appetit

posted by Avatar MarcB 1325 days ago in USD, EUR, JPY made popular 1325 days ago

The yen fell the most in three weeks against the euro as a flurry of central bank interest-rate cuts helped revive investors demand for higher-yielding assets funded in Japan. read more
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Global Growth Decelerating Rapidly In Face Of Financial Cris

posted by Avatar 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. read more
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Coordinated Rate Cuts: Too Little, Too Late? The Forex Angle

posted by Avatar 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 read more
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The Day Ahead Canada and U.S.: U.S. Initial Jobless Claims,

posted by Avatar borex 1326 days ago in USD, Fundamental, Employment made popular 1325 days ago

On Thursday, U.S. markets will be interested to see if initial jobless claims and continuing claims remain in recession territory. read more
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Pending Home Sales Unexpectedly Show Substantial Increase In

posted by Avatar gonepippin 1326 days ago in USD, Fundamental, Housing made popular 1325 days ago

Pending home sales unexpectedly showed a substantial increase in the month of August, according to a report released by the National Association of Realtors on Wednesday, with the pending home sales index rising to its highest level in over a yea read more
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Copper Drops to 30-Month Low in N.Y. on Global Growth Outloo

posted by Avatar dollardude 1326 days ago in Metals made popular 1325 days ago

Copper tumbled to the lowest price since March 2006 on concern that a coordinated reduction in interest rates in the U.S. and Europe won't be enough to restore investor confidence and revive economic growth. read more
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Canadian Dollar Sinks Against Majors On Lower Oil Prices

posted by Avatar jonnycakes 1326 days ago in CAD, Daily, Oil made popular 1326 days ago

The loonie dropped to noteworthy lows versus the euro and greenback on Wednesday in New York. Investors weighed sinking U.S. oil prices and shrugged off a report showing Canadian housing starts unexpectedly climbed in September. read more
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Pending home sales index rises 7.4% in August: NAR

posted by Avatar 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 read more
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Merck: Recapitalizations - Rate Cuts - Yen a Hard Currency

posted by Avatar odell 1326 days ago in USD, Fundamental, Weekly made popular 1325 days ago

Europe was all but written off on Tuesday when Gordon Brown, the UK prime minister announced late in the day that £50 billion (about $85 billion) may be injected into several of the biggest banks. The details known so far... read more
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Chart of the Day - 10/08/2008 - USD/JPY

posted by Avatar jameschen 1326 days ago in USD, JPY, Technical

It is no secret that the yen has strengthened dramatically in the last few days, as shown on the accompanying USD/JPY daily chart read more