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Carry Trade Shakeout - Opportunity?

posted by jameschen 1327 days ago in JPY, AUD, Technical made popular 1327 days ago

Virtually across the board, currency carry trades have unwound drastically, shaking out even the most determined yield-seekers at an almost unprecedented pace. The big question now is how much longer the freefall will last.

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Dollar Strong as Talk of Coordinated Rate Cut Looms

posted by anniemei 1328 days ago in USD, AUD, Daily made popular 1327 days ago

Riding to the rescue of this near-global near-free fall is, hopefully, a coordinated response by the world’s major central banks. No doubt led by the Fed, there is talk of at least 50 basis points being shaved off of key rates. It is doubtful we’

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Oil Declines Below $89 a Barrel on Concern Demand Will Weake

posted by dollardude 1328 days ago in Oil made popular 1327 days ago

Crude oil fell below $89 a barrel for the first time since February as the credit crisis deepened in Europe, adding to concern that global economic growth will slow and reduce demand for fuels

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Sterling tumbles vs dollar, yen as banking woes mount

posted by sheryl 1328 days ago in GBP, Technical made popular 1327 days ago

Sterling hit a 2 1/2-year low against the dollar and a seven-year trough versus the yen on Monday, as more worries about funding problems at European banks triggered a deep sell-off in the UK currency.

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Fed, Treasury move again to help financial markets

posted by pipsmgee 1328 days ago in USD, Fundamental made popular 1328 days ago

The Bush Administration and the Federal Reserve said Monday they are moving "with substantial force on a number of fronts" to shore up confidence in, and protect, the financial system.

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Global Markets Hammered As Recession Fears Mount

posted by fxhottie 1328 days ago in USD, EUR, Fundamental made popular 1328 days ago

Global stock markets plummeted Monday as concerns about the widening fallout from the credit crisis fueled fears about a world-wide recession.

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GDP growth revised lower to 2.8% in second quarter

posted by pipsmgee 1335 days ago in USD, Fundamental, GDP made popular 1335 days ago

The U.S. economy was not as strong in the second quarter as previously believed, held back by weaker spending by consumers and businesses alike, the Commerce Department reported Friday.

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Eurozone Sept Economic Sentiment Falls To 7-Year Low

posted by lovethefx 1335 days ago in EUR, Fundamental made popular 1335 days ago

Eurozone economic sentiment in September weakened to the lowest since 2001, reinforcing fears of recession in the economy as the strain of high interest rates and banking crisis in the US are beginning to have an impact.

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Pound Tumble Against Dollar as Governments Bail Out Banks

posted by fxhottie 1335 days ago in EUR, GBP, Fundamental made popular 1335 days ago

The pound fell the most against the dollar in 15 years and the euro weakened after European governments bailed out banks and investors lost confidence in the region's financial institutions.

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Dollar Rises as U.S. Lawmakers to Vote on Bank Rescue Packag

posted by MarcB 1336 days ago in USD, EUR, Fundamental made popular 1335 days ago

The dollar rose to a one-week high against the euro as U.S. lawmakers reached a breakthrough on a $700 billion package to revive credit markets by purchasing distressed debt from banks.

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New-home sales fall to weakest level in 17 years

posted by pipsmgee 1338 days ago in USD, Fundamental, Housing

Sales of new homes fell to a 17-year low in August, government data showed, raising further concern about conditions in the housing industry.

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Yen Jumps To 1-Week High Against Pound As Japan's Inflation

posted by fxmasta 1338 days ago in JPY, Technical

During Friday's early deals, the Japanese yen jumped to a 1-week high against the British pound as Japan's core inflation stayed at a decade high of 2.4 percent in August on higher oil and food prices. The yen also climbed against its other major

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