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Gold Advances on Investor Demand for Haven, Falling U.S. Dol

posted by sheryl 1368 days ago in Gold made popular 1367 days ago

Gold rose in London on demand for precious metals as a haven from housing-related financial losses and an alternative investment to the declining dollar.

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Thai Central Bank Raises Key Interest Rate; Says Risks To In

posted by jonnycakes 1368 days ago in Fundamental, Special made popular 1367 days ago

Wednesday, in a widely expected move, the Bank of Thailand raised its key interest rate in order to reduce rising inflationary pressures and to support economic growth.

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NZ growth should start again 'from early 2009'

posted by warrenbuffet 1369 days ago in NZD, Special, GDP made popular 1368 days ago

Investment bank JP Morgan expects the New Zealand economy will start growing again in early 2009, after a series of interest rate cuts by the Reserve Bank.

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UK economy 'as bad as the seventies'

posted by warrenbuffet 1369 days ago in GBP, Fundamental, GDP made popular 1364 days ago

Pressure is mounting on Britsh Prime Minister Gordon Brown to find help for hard-pressed families as the new deputy governor of the Bank of England warned that the financial situation was at least as bad as the 1970s.

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Managers predict 3.6 per cent inflation

posted by warrenbuffet 1369 days ago in NZD, Inflation made popular 1368 days ago

Business managers expect inflation to be 3.6 per cent in a year - well up on the New Zealand Reserve Bank's 1 per cent to 3 per cent target range.

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Construction falls as Aussie economy slows

posted by warrenbuffet 1369 days ago in AUD, Housing made popular 1368 days ago

The volume of construction work, after adjustment for price changes and regular seasonality, fell by 2.6 per cent in the quarter, the Australian Bureau of Statistics (ABS) said.

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CB's Stark sees broad-based 2nd round effects

posted by warrenbuffet 1369 days ago in EUR, Inflation

Recent wage rises show the euro zone is now suffering from broad-based second-round inflationary effects, European Central Bank Executive board member Juergen Stark said in a newspaper interview released late on Tuesday.

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Hurricane Gustav Hits Haiti; Gulf Coast Faces Threat

posted by badbeets 1369 days ago in Oil made popular 1368 days ago

Recent update of hurricane Gustav which is expected to reach the Gulf of Mexico August 31. So far, this storms trajectory threatens gulf oil platform production.

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Canadian Dollar Strengthens to a Three-Week High as Oil Gain

posted by JayP 1369 days ago in USD, CAD, Oil made popular 1368 days ago

Canada's currency climbed to the highest in almost three weeks as the price of crude oil erased an earlier loss and increased on forecasts showing Hurricane Gustav may enter the Gulf of Mexico.

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Australian, New Zealand Dollars Fall on Credit-Market Concer

posted by JayP 1369 days ago in AUD, NZD made popular 1368 days ago

The Australian and New Zealand dollars declined for a second day against the yen as concerns credit-market turmoil will widen prompted investors to sell higher-yielding assets funded in the Japanese currency.

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OANDA One click trading went live

posted by viarail 1369 days ago in Special made popular 1368 days ago

Some traders were surprised with the updates due to some existing bugs but some were glad that it happened and welcomed the features.

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As gas prices go down, so will food, right? No

posted by ooogleemooglee 1375 days ago in USD, Consumer made popular 1375 days ago

As prices for crude oil and other commodities ease, Americans have gotten a small dose of relief at the gas pump. But don't expect less pain at the grocery counter.

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