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The FX Market is Growing Worldwide

posted by MarcB 1397 days ago in USD, EUR, GBP made popular 1397 days ago

Last year, the Bank of International Settlements announced that FX market volume increased 71 percent between 2004 and 2007 and amidst all of the financial market turmoil, trading is on the rise once again.

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Oil Falls Below $124 from Earlier Highs

posted by MarcB 1397 days ago in USD, Oil made popular 1397 days ago

Oil pared gains to trade below $124 a barrel on Tuesday after edging higher earlier as disruption to Nigerian output raised supply concerns, but signs of weakening U.S. demand limited gains.

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Stock Futures Turn Higher as Merrill Takes Writedown

posted by nancypants 1397 days ago in USD, Sentiment, Consumer made popular 1397 days ago

US stocks were poised to bounce back Tuesday morning in New York after Merrill Lynch said it would raise new capital and sell some of its riskier assets.

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Dollar Advances as U.S. Stock Futures Gain, Crude Oil Declin

posted by nancypants 1397 days ago in USD, Oil made popular 1397 days ago

The dollar rose against the euro for the first time in three days as U.S. stock futures increased and crude oil prices dropped, reducing concern the economy may fall into a recession.

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Are the Tides Turning for the Canadian Dollar?

posted by trade2win 1398 days ago in CAD, Fundamental made popular 1390 days ago

In 2007, the Canadian Dollar was named Time Magazine’s Canadian Newsmaker of the year. Having hit a high of 0.9059 against the US dollar, it smoked its US counterpart. At the time, the Loonie skyrocketed because of a booming economy and skyrocket

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Oil Is Steady After Gaining on Attack on Shell Nigeria Pipel

posted by maximumpips 1398 days ago in Oil

Crude oil was little changed after rising yesterday as Royal Dutch Shell Plc reduced Nigerian production because of an attack on a pipeline by militants.

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U.S. to post record-high budget deficit in 2009

posted by pipsmgee 1398 days ago in USD, Fundamental, Trade

The U.S. is on track to post a record-high budget deficit in 2009 thanks to the ongoing economic slump and stimulus checks to consumers, the White House announced Monday.

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Yen Slightly Higher Versus Major Rivals

posted by fxmasta 1398 days ago in JPY, Fundamental, Daily

The Japanese yen saw moderate strength against the other major currencies on Monday in New York. The yen inched higher against the dollar and sterling, and was range-bound with the euro. Monday saw very few economic releases from Asian economies

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New Zealand's Dollar Trades Near Year Low on Credit Concerns

posted by halfwatertest 1398 days ago in Daily

New Zealand's dollar traded near its
lowest for the year on concern that global credit-market losses
will widen after the International Monetary Fund said there was
no end in sight for the U.S. housing slump.

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Pound Falls, Gilts Rise as House Prices Drop Most Since 2001

posted by halfwatertest 1398 days ago in Daily made popular 1397 days ago

The pound fell against the euro and
gilts rose after U.K. house values dropped in July by the most
in at least seven years, increasing concern the economy is
headed toward a recession.

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Dollar Steady Versus Other Majors Monday Morning

posted by nancypants 1398 days ago in USD, Fundamental, Employment made popular 1398 days ago

The dollar was on pause versus other major currencies Monday morning in New York as traders looked ahead to later this week for key data on the labor market.

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Pound Falls, Gilts Rise as House Prices Drop Most Since 2001

posted by pippinallnite 1398 days ago in GBP, Fundamental, Housing made popular 1398 days ago

The pound fell against the euro and the dollar and gilts rose after U.K. house values dropped in July by the most in at least seven years, increasing concern the economy is headed toward a recession.

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