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Gold Falls for Fourth Day in London Trading on Dollar Streng

posted by maximumpips 1338 days ago in Gold made popular 1338 days ago

Gold fell for a fourth day in London as the dollar strengthened against the euro, diminishing demand for the metal as an alternative investment. Platinum also fell.

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German August Import Price Inflation Stable At Near 8-Year H

posted by lovethefx 1338 days ago in EUR, Fundamental made popular 1338 days ago

Germany’s import price inflation remained stable in August at its highest level in nearly eight years on higher energy prices.

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Bailouts, Inflation, Deflation, and Implications for Traders

posted by simitpatel 1339 days ago in Fundamental made popular 1338 days ago

A look at what causes the need for bailouts, and how traders can interpret monetary policy in such times.

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Canadian Dollar Reaches Highest in Seven Weeks on U.S. Plan

posted by nancypants 1339 days ago in USD, CAD, Fundamental made popular 1338 days ago

Canada's dollar touched the highest in more than seven weeks as the U.S. Congress moved closer to an agreement on a $700 billion financial rescue plan after President George W. Bush urged swift action to help avert a recession.

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Chart of the Day - 9/25/2008 - EUR/USD

posted by jameschen 1339 days ago in USD, EUR, Technical made popular 1338 days ago

Price action on the EUR/USD daily chart, as shown, is currently in somewhat of a consolidation mode, seemingly undecided as to the next directional push

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German Consumer Confidence Set To Improve In October

posted by MarcB 1339 days ago in EUR, Fundamental, Oil made popular 1338 days ago

Thursday, the German consumer morale unexpectedly improved in October backed by cheap oil and energy prices, results of a closely watched survey revealed.

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Dollar Falls Versus Euro as Traders Increase Bets on Fed Cut

posted by MarcB 1339 days ago in USD, EUR, Fundamental made popular 1339 days ago

The dollar fell against the euro for the first time in three days after traders increased bets the Federal Reserve will cut borrowing costs as banks' reluctance to lend threatened to slow economic growth further.

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Bernanke: Grave threat demands plan's passage

posted by pipsmgee 1340 days ago in USD, Fundamental made popular 1339 days ago

It is imperative that Congress pass the administration plan put forth by Treasury Secretary Henry Paulson to buy up to $700 billion in toxic debt because of the grave threat faced by a severe credit crunch, Federal Reserve Chairman Ben Bernanke s

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Oil Rises After Report Shows U.S. Crude Fell

posted by nancypants 1340 days ago in USD, Fundamental, Oil made popular 1340 days ago

Crude oil futures rose after a U.S. government report showed a decline in inventories of crude and gasoline. Supplies of crude oil fell 1.52 million barrels to 290.2 million in the week ended Sept. 19, the Energy Department said today in a weekl

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Bernanke: Financial Crisis Threatens US Economy

posted by nancypants 1340 days ago in USD, Fundamental made popular 1340 days ago

Federal Reserve Chairman Ben Bernanke on Wednesday said global financial markets were under "extraordinary stress" and threatening an already weak U.S. economy as he offered his bleakest outlook since a credit crisis set in last year.

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Yen Declines Against Euro on Fed Offer of Cash, Buffett Deal

posted by MarcB 1340 days ago in USD, JPY, Sentiment made popular 1340 days ago

The yen weakened against the euro after the Federal Reserve agreed to provide central banks with more cash to increase lending, encouraging traders to purchase higher-yielding assets funded in Japan.

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U.S. home prices down 0.6% in July

posted by pipsmgee 1341 days ago in USD, Fundamental, Housing made popular 1339 days ago

Even as Washington debates a massive rescue plan to cure the housing market's ills, the government reported Tuesday that U.S. home values declined 0.6% in July.

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