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Yen Falls as Lehman Speculation Boosts Demand for Higher Yie

posted by Avatar odell 1355 days ago in USD, JPY made popular 1355 days ago

The yen weakened on speculation Lehman Brothers Holdings Inc. will survive a credit-market slump, prompting investors to increase holdings of higher- yielding assets funded in the Japanese currency. read more
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Oil Rises After OPEC President Calls for End to Overproducti

posted by Avatar odell 1355 days ago in USD, Oil made popular 1355 days ago

Crude oil jumped in New York as OPEC President Chakib Khelil called on members to stop producing more than the group's set quota, a move that would reduce supplies by 520,000 barrels a day. read more
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Japan annual wholesale inflation near 27-yr high

posted by Avatar odell 1355 days ago in JPY, Inflation made popular 1355 days ago

August, matching expectations and reinforcing views that high raw material costs are hurting companies as the nation heads into a recession. read more
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China inflation drops, trade surplus hits record

posted by Avatar odell 1355 days ago in JPY, Trade made popular 1355 days ago

China's consumer inflation fell in August to a 14-month low of 4.9 percent, giving policy makers more room to pump up the world's fourth-largest economy if growth slows abruptly in coming months. read more
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GFT Daily Market Commentary

posted by Avatar wiredprg 1355 days ago in Daily made popular 1355 days ago

Forex Market Commentary for September 10, 2008 by Cornelius LucaGFT Daily Market Commentary Despite the massive sell-off in the US equity indices, oil & co. and carry trades, the European currencies ended little changed on Tues... read more
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Yen Rallies as Equity Drop Reduces Demand for Higher Yields

posted by Avatar pippinallnite 1355 days ago in USD, EUR, JPY made popular 1355 days ago

The yen rose against the dollar, euro and the 14 other most widely traded currencies as a drop in global stocks raised speculation that investors will reduce holdings of higher-yielding assets and pay back loans in Japan. read more
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Canadian Dollar Lacks Direction Versus Majors

posted by Avatar pippinallnite 1355 days ago in CAD, Housing made popular 1355 days ago

The loonie posted lackluster performances against the euro and greenback, including pulling back from a multi-month high versus the euro. Traders considered a report showing Canadian housing starts in August rose more than expected. read more
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EUR/USD Update - Traversing a Down Channel

posted by Avatar jameschen 1355 days ago in USD, EUR, Technical made popular 1355 days ago

As of early Tuesday morning, New York session, price on the EUR/USD 4-hour chart, as shown, has been rising within a relatively new parallel downtrend channel read more
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Chart of the Day - 9/09/2008 - AUD/USD

posted by Avatar jameschen 1355 days ago in USD, AUD, Technical made popular 1355 days ago

As noted late last week, price action on AUD/USD (a daily chart of which is shown) has recently stalled in its virtual freefall of the last month and a half read more
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Pending Home Sales Fell By More Than Expected In July

posted by Avatar MarcB 1355 days ago in USD, Fundamental, Housing made popular 1355 days ago

Pending home sales fell by more than expected in the month of July, according to a report released by the National Association of Realtors on Tuesday, with the decrease likely to add to recent concerns about the strength of the housing market. read more
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Buffett: Treasury 'Did Exactly the Right Thing'

posted by Avatar fxhottie 1356 days ago in USD, Housing made popular 1356 days ago

In stepping in to bail out and recapitalize collapsing home mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Hank Paulson "did exactly the right thing," said billionaire investor Warren Buffett. read more
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Bank of New York Reduces U.K. Pound Forecast on Rates

posted by Avatar JayP 1356 days ago in GBP, GDP made popular 1356 days ago

The pound will trade at $1.70 by the end of 2008, about 3.8 percent lower than current levels, as the slumping U.K. economy prompts the Bank of England to cut interest rates, according to Simon Derrick at Bank of New York Mellon Corp. read more