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Coordinated Rate Cuts: Too Little, Too Late? The Forex Angle

posted by 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

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The Day Ahead Canada and U.S.: U.S. Initial Jobless Claims,

posted by 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.

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Pending Home Sales Unexpectedly Show Substantial Increase In

posted by 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

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Markets Shrug off Coordinated Rate Cuts

posted by sheryl 1326 days ago in Fundamental, Special made popular 1326 days ago

Federal Reserve, European Central Bank, Bank of England, Bank of Canada, Swiss National Bank and Sweden's Riksbank join forces today in a historical, emergency, coordinated global rate cuts by 50bps ease save the world's economies from the worst

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What Is the Fed Waiting For?

posted by 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

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Oil Falls as U.S. Supplies Climb Amid Concern of Waning Dema

posted by 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.

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Euro Gains Versus Dollar And Sterling

posted by fxmasta 1326 days ago in EUR, Technical, Daily made popular 1326 days ago

The euro gained on the dollar and sterling as traders mulled over the coordinated interest rate cut among several major banks around the world. The European currency touched a fresh multi-year low against the yen as Japan did not reduce its rates

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Major Central Banks Cut Rates; UK Announces Rescue Package F

posted by 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

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UK Govt. Announces Financial Support to Banking Industry

posted by 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.

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Dollar Falls Versus Euro on Joint Rate Cuts by Central Banks

posted by 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.

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More Weak Housing Data Expected, UBS Says

posted by 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

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German Factory Orders Recover; UK Manufacturing Output Decli

posted by 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.

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