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USD/CAD - Bumping Up Against Resistance
As of early Thursday morning in New York, price on the key USD/CAD daily chart, as shown, has just bumped up against the substantial resistance offered by the top of a key uptrend channel
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Global Growth Decelerating Rapidly In Face Of Financial Cris
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.
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Coordinated Rate Cuts: Too Little, Too Late? The Forex Angle
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,
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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Oil Falls as U.S. Supplies Climb Amid Concern of Waning Dema
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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UK Govt. Announces Financial Support to Banking Industry
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
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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MOT #63 - Change Is Always A Challenge
Don't forget to check out the new Mind of a Trader blog!http://www.tradingpostfinancial.com/mot-------The grass is always greener on the other side of the fence, yet we still need to cut, weed and water it.There are m...
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USD/JPY - Yen Strength
As of Tuesday evening in New York, price on the USD/JPY daily chart, as shown, has been characterized by substantial yen strength. Price has recently bounced up off of the significant 100.00 region (marked “A”) after having retreated from a signi
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More Weak Housing Data Expected, UBS Says
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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Home Sales May See Gradual Recovery, Barclays Capital
Pending home sales, which track signed but not closed contracts of existing home sales, have been volatile but generally stable over the last several months, say the analysts at Barclays Capital. We look for a small decline of 1.5 percent month-o
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Inflation Could Cure Our Economic Ills
Contracting credit should be an aspect of the business cycle. As the economy grows, credit booms, investments are made and price levels rise.


