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Crude Oil Falls After US Supplies Increase to 16-Month High

posted by juanpablo 1228 days ago in Oil made popular 1228 days ago

Crude oil fell after a U.S. government report showed that stockpiles climbed to a 16-month high as fuel demand tumbled. Inventories of crude increased 1.14 million barrels to 326.6 million last week, the highest since Aug. 31, 2007, the Energy De

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Looms and ERM risks rise!

posted by AnnJ 1228 days ago in Technical, Daily made popular 1228 days ago

A while back we started talking about the risk to breakup of the European Exchange Rate Mechanism (ERM). Of course the usual howls of disbelief we usually get when we look in the opposite direction of the consensus. But the reality is, spreads

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Retail sales plummet 2.7 percent in December

posted by odell 1228 days ago in USD, Fundamental, Retail Sales made popular 1228 days ago

Retail sales plunged far more than expected in December, ending a dismal holiday season with a record sixth straight monthly decline, and there's no relief in sight as consumer demand remains weak.

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EUR/USD - Continued Freefall

posted by jameschen 1228 days ago in USD, EUR, Technical

EUR/USD has continued its freefall of the past several days, breaking support level after support level in its potential quest to re-test long-term lows

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Capitalism at Risk: Live Free Or Die

posted by odell 1229 days ago in USD, Fundamental, Weekly

The Federal Reserve (Fed) has gone beyond playing with fire, and may have indeed set the house on fire. It’s one thing to push interest rates to near zero to stimulate the economy; it’s another to “monetize the debt” by printing money to buy gove

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Top 10 Currency Trading Tips From Deutsche Bank

posted by JayP 1233 days ago in Technical, Fundamental, Trading Psychology made popular 1232 days ago

Top 10 Currency Trading Tips From Deutsche Bank

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Manufacturing Sinks in U.K., Germany

posted by freshmint 1233 days ago in EUR, GBP, Manufacturing made popular 1232 days ago

The recession in the U.K. manufacturing sector deepened in November, with output plunging a larger-than-expected 2.9% on the month, the Office for National Statistics said Friday.

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Hungary, Romania Lead 2009 Slump for Emerging Europe Currenc

posted by penpip 1233 days ago in EUR, Fundamental made popular 1233 days ago

The Romanian leu tumbled to a record low against the euro and the Hungarian forint dropped to its weakest level since October as a cut in gas supplies heightened concern that an economic slowdown in the region will deepen.

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Jobs data helps USD

posted by chuzzle 1233 days ago in USD, Fundamental made popular 1232 days ago

The US dollar strengthened in relation to the euro Friday after the Labor Department’s official jobs numbers showed that the United States economy only lost 524,000 jobs in December, fewer than expected and many fewer than a private report showed

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Chart of the Day - 1/09/2009 - AUD/USD

posted by jameschen 1233 days ago in USD, AUD, Technical made popular 1231 days ago

Price action on the AUD/USD daily chart, as shown, is currently within the boundaries of a thin parallel uptrend channel

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Firing at the big firms has only just begun

posted by realtrade 1233 days ago in USD, Fundamental, Daily

We have all heard the ominous announcements regarding job cuts going into 2009. The ADP report paints an even scarier picture: it is unlikely that the labor market has internalized much the announced job cuts over the last few months; and the lis

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U.S. Dollars Inevitable Demise, Doom and Gloom,

posted by chloegurl 1233 days ago in USD, Special made popular 1232 days ago

"There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe

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