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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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What Is the Fed Waiting For?

posted by Avatar trade2win 1326 days ago in USD, Fundamental made popular 1326 days ago

Before the US stock markets opened Tuesday morning, the Federal Reserve announced a plan to buy commercial paper directly from issuers in yet another attempt to unfreeze the credit markets. Although this led to a rally in US stocks, USD/JPY and o read more
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Oil Falls as U.S. Supplies Climb Amid Concern of Waning Dema

posted by Avatar maximumpips 1326 days ago in Oil made popular 1325 days ago

Crude oil fell to the lowest in 10 months after the U.S. government reported a bigger-than-expected gain in crude and gasoline inventories as the global economic crisis curbed demand. read more
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Fed, major central banks slash rates

posted by Avatar pipsmgee 1326 days ago in USD, Fundamental made popular 1326 days ago

The U.S. Federal Reserve and other major central banks moved in concert Wednesday to slash key interest rates as part of an ongoing effort to quell financial turmoil that has threatened to flatten the international economy. read more
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Major Central Banks Cut Rates; UK Announces Rescue Package F

posted by Avatar lovethefx 1326 days ago in EUR, GBP, Fundamental made popular 1326 days ago

Wednesday, a coordinated interest rate cut by world’s major central banks to control financial market crisis and its impact on the global economy and a GBP50 billion rescue package announcement by the UK government for its banking sector grabbed read more
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UK Govt. Announces Financial Support to Banking Industry

posted by Avatar MarcB 1326 days ago in GBP, Fundamental, Daily made popular 1326 days ago

Wednesday, UK Government announced that it is bringing forward specific and comprehensive measures to ensure financial stability and to safeguard ordinary savers, depositors, businesses and borrowers. read more
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Dollar Falls Versus Euro on Joint Rate Cuts by Central Banks

posted by Avatar JayP 1326 days ago in USD, EUR, GBP made popular 1326 days ago

The dollar declined the most against the euro in more than two weeks after global central banks made joint cuts in borrowing costs, reducing demand for the U.S. currency as a haven from credit market turmoil. read more
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More Weak Housing Data Expected, UBS Says

posted by Avatar dfxguy 1327 days ago in USD, Fundamental, Housing made popular 1326 days ago

The August pending home sales index will be reported on Wednesday; we are below consensus, note the analysts at UBS. Existing home sales and the pending home sales index have shown signs of bottoming in recent months, although we expect sales wil read more
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Bernanke hints at possible interest rate cut

posted by Avatar dooly 1327 days ago in USD, Fundamental made popular 1327 days ago

Federal Reserve Chairman Ben Bernanke opened the door on Tuesday for a possible interest rate cut in the near future. read more
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Big Troubles for the Euro

posted by Avatar trade2win 1327 days ago in EUR, Fundamental, Special made popular 1327 days ago

The Euro has been falling recently versus the Dollar. Why? There have been many theories proposed, but I want to offer my own theory this evening. Fiat currencies are political creatures, and are only as strong as the political entity issuing read more
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German Factory Orders Recover; UK Manufacturing Output Decli

posted by Avatar lovethefx 1327 days ago in EUR, Fundamental made popular 1327 days ago

Tuesday saw some key economic data releases from European economies, of which German factory order data and UK manufacturing output report for August were in the focus. read more
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Oil Rises as Traders Buy Crude Amid Speculation of OPEC Cut

posted by Avatar maximumpips 1327 days ago in Oil made popular 1327 days ago

Crude oil rose as traders took advantage of the cheapest prices in eight months to buy oil, amid speculation OPEC will cut output. read more