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Economy still weakening, data expected to show

posted by pipsmgee 1475 days ago in USD, Fundamental, Daily

"The economy is far from being 'out of the woods,'" wrote Brian Bethune and Nigel Gault, economist for Global Insight. The economic indicators in the coming week will show "an economy that is still struggling."

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Dollar under pressure as crude surges to new high

posted by pipsmgee 1478 days ago in USD, Daily, Oil

The dollar slipped against most major rivals Friday, after crude oil surged to another record and more bad news emerged from the financial sector.

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Wall Street jumps on miners, oil

posted by pipsmgee 1479 days ago in Fundamental, Oil made popular 1475 days ago

Stocks rose on Thursday as a surge in global commodity prices propelled mining and energy shares higher, while technology shares gained after a top strategist said they were a good value.

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Dollar slips after ECB, BOE hold rates steady

posted by pipsmgee 1479 days ago in USD, Fundamental, Daily

The dollar was modestly lower early Thursday, losing ground to the euro and the pound after both the European Central Bank and the Bank of England stood pat on interest rates.

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Fed's Hoenig says inflation troublesome and too high

posted by pipsmgee 1480 days ago in Fundamental, Inflation made popular 1480 days ago

A veteran U.S. central bank official said Tuesday he's worried about a deteriorating inflationary environment, and suggested that when the Federal Reserve begins to raise rates, it could do so swiftly.

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Housing picture worsens as Fannie sees price drop

posted by pipsmgee 1481 days ago in Fundamental, Housing made popular 1479 days ago

The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices this year.

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Dollar lower, as surging crude and economic concerns weigh

posted by pipsmgee 1481 days ago in USD, Fundamental, Daily made popular 1480 days ago

The dollar was weaker Tuesday, pressured by surging crude oil futures prices as well as a warning from Federal Reserve Chairman Ben Bernanke that increasing home foreclosures could further harm the economy.

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Federal Reserve reports tighter bank lending standards

posted by pipsmgee 1482 days ago in USD, Fundamental, Daily made popular 1481 days ago

The Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis.

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Oil futures near $120 to end at a fresh record

posted by pipsmgee 1482 days ago in Oil made popular 1481 days ago

Crude futures climbed to uncharted territory in New York Monday as concerns about supply disruptions in Nigeria and weakness in the U.S. dollar helped lift prices to nearly $120 a barrel at the close.

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Consumer spending up mainly because of sharp price increases

posted by pipsmgee 1486 days ago in Fundamental, Inflation made popular 1486 days ago

Don't be fooled by a larger-than-expected increase in consumer spending. People aren't buying more -- they're just paying more for what they buy

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UK Interest and Exchange Rate Outlook

posted by pipsmgee 1486 days ago in GBP, Fundamental, Monthly made popular 1486 days ago

fiELCOME TO OUR LATEST BULLETIN WHICH PROVIDES
INFORMATION ONLY COMMENTARY ON THE ISSUES AFFECTING
INTEREST AND EXCHANGE RATES.

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Oil futures fall sharply as supply concerns ease

posted by pipsmgee 1488 days ago in Oil made popular 1488 days ago

Crude-oil futures fell more than $3 Tuesday, as strength in the U.S. dollar and news that BP's Forties pipeline will restart operation within days pressured energy prices.

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