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Speculation mounts over global rate cuts

posted by pipsmgee 1327 days ago in Fundamental, Special made popular 1327 days ago

Fears that ongoing financial turmoil could wreck the world's banking system and worsen a global slump fueled speculation Tuesday that major central banks will deliver a rare round of coordinated interest-rate cuts if conditions don't improve.

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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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Payrolls sink 159,000, worst job loss in 5 years

posted by dooly 1328 days ago in USD, Fundamental, Employment made popular 1327 days ago

The U.S. economy lost 159,000 jobs in September, the worst since March 2003, the Labor Department reported Friday.

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Can Bernanke Give the Greenback Gusto?

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

I can see Bernanke speaking now, "Hey, hey! How about that economy huh? And that bailout too? The other day, I called Paulson and said, "Hey Paulson, I see you in the news every day now. What are you trying to be like Paris Hilton, or something?"

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Swiss Franc Mixed Against Majors

posted by jonnycakes 1328 days ago in CHF, Technical made popular 1328 days ago

The Swiss franc posted mixed results versus its major counterparts on Monday in New York, hitting a weekly high against the sterling, a multi-month high versus the euro and a multi-month low against the greenback.

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USD at Crossroads on many pairs

posted by dwinter 1328 days ago in USD, Technical, Weekly made popular 1328 days ago

USD is on breakout on many pairs. What is interesting is it is at such thresholds even though it is highly overbought and fundamentally it is difficult to understand why this move has been so dramatic considering the state of the US economy and t

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Response of Global Markets Indicates Crisis of Confidence

posted by trade2win 1328 days ago in USD, Fundamental made popular 1328 days ago

The US’ $700B bailout plan will not do the trick - at least that’s how the currency market feels Monday morning. Deleveraging, or the liquidation of risk, is happening on a global scale as investors question if guaranteeing funds and bailing out

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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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New Zealand to Record Higher Budget Deficit

posted by nancypants 1328 days ago in USD, NZD, Fundamental made popular 1328 days ago

With the economic slowdown and resultant slower tax growth, the New Zealand economy is expected to witness higher budget deficit as well as cash deficit over the coming years.

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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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Euro Falls to 14-Month Low as Credit Crisis Spreads

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

The euro had its biggest one-day drop against the yen since its debut in 1999 as the deepening credit crisis prompted European governments to pledge bailouts for troubled banks while stopping short of coordinated action.

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Sterling trims gains made on HBOS merger deal

posted by dooly 1346 days ago in GBP, Technical made popular 1345 days ago

Sterling trimmed gains in late European trade as the dollar benefited from a rebound in U.S. stocks triggered by coordinated central bank action to help beleaguered money markets.

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