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Oil, Metals, Crops Fall on Concern U.S. Bailout Plan May Fai

posted by maximumpips 1335 days ago in Oil, Metals

Commodities fell, led by oil, copper and lead, on concern the U.S. plan to spend $700 billion propping up America's banks won't unlock credit markets and avert a slowdown in the world's largest economy.

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GDP growth revised lower to 2.8% in second quarter

posted by pipsmgee 1335 days ago in USD, Fundamental, GDP made popular 1335 days ago

The U.S. economy was not as strong in the second quarter as previously believed, held back by weaker spending by consumers and businesses alike, the Commerce Department reported Friday.

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Income Increases By More Than Expected, Spending Unchanged

posted by fxmasta 1335 days ago in USD, Fundamental made popular 1335 days ago

Monday morning, the Department of Commerce released its report on personal income and spending in the month of August, showing that income increased by much more than expected while spending unexpectedly came in unchanged.

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Eurozone Sept Economic Sentiment Falls To 7-Year Low

posted by lovethefx 1335 days ago in EUR, Fundamental made popular 1335 days ago

Eurozone economic sentiment in September weakened to the lowest since 2001, reinforcing fears of recession in the economy as the strain of high interest rates and banking crisis in the US are beginning to have an impact.

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Pound Tumble Against Dollar as Governments Bail Out Banks

posted by fxhottie 1335 days ago in EUR, GBP, Fundamental made popular 1335 days ago

The pound fell the most against the dollar in 15 years and the euro weakened after European governments bailed out banks and investors lost confidence in the region's financial institutions.

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Japan Likely To Return To Sustainable Growth Path

posted by MarcB 1335 days ago in JPY, Fundamental, Inflation made popular 1335 days ago

The Japanese economy is likely to return eventually on to a sustainable growth path with price stability after a period of sluggish growth and higher inflation, deputy governor of the Bank of Japan Kiyohiko Nishimura said Monday.

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Dollar Rises as U.S. Lawmakers to Vote on Bank Rescue Packag

posted by MarcB 1336 days ago in USD, EUR, Fundamental made popular 1335 days ago

The dollar rose to a one-week high against the euro as U.S. lawmakers reached a breakthrough on a $700 billion package to revive credit markets by purchasing distressed debt from banks.

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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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