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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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Markets Convinced US Federal Reserve Will Cut Interest Rates

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

The market seems convinced that the Federal Reserve will cut interest rates at their next meeting on October 29th. The question, it seems, is by how much. According to pricing of Fed Funds futures contracts, traders are pricing in an 84% chance t

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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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Home Sales Probably Fell, Trade Gap Ebbed: U.S. Economy Prev

posted by nancypants 1329 days ago in USD, Fundamental, Housing made popular 1328 days ago

The U.S. housing slump probably showed no sign of ending and the trade deficit shrank in August, a month before the turmoil in financial markets came to a head, economists said before reports this week.

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Yen Unbeatable as Credit Seizure Kills Carry Trades

posted by pippinallnite 1329 days ago in JPY, Fundamental, Daily made popular 1328 days ago

The same credit market collapse that drove Lehman Brothers Holdings Inc. into bankruptcy and sent bank borrowing costs in Europe to record highs is making the yen unbeatable.

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Job Losses Pushing U.S. Economy Into `Significant' Recession

posted by MarcB 1329 days ago in USD, Fundamental, Daily made popular 1328 days ago

The U.S. may be heading for its worst recession in at least a quarter century as the credit crisis forces employers across the country to cut workers and ratchet back spending.

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Oil Closes Slightly Lower, Loses $13 For The Week

posted by MarcB 1329 days ago in USD, Fundamental, Gold made popular 1328 days ago

Oil closed a choppy session slightly lower on Friday in U.S. trading. Light sweet crude for November delivery moved to $93.88, down 9 cents on the session. Prices fell to a two-week low of $91.30 at the start of the session but later climbed as h

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Gold Drops Sharply Lower After Rescue Plan Passes

posted by JayP 1329 days ago in USD, Gold made popular 1328 days ago

Gold prices closed down sharply again on Friday after the House of Representatives passed the $700 billion rescue bill by a comfortable margin. December gold closed at $833.20, down $11.10 on the session.

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Fannie and Freddie Did Not Cause This Financial Crisis

posted by JayP 1329 days ago in USD, Fundamental, Daily made popular 1328 days ago

An article in the NY Times, "Pressured to Take on Risk, Fannie Hit a Tipping Point," is causing many people to wonder if Fannie and Freddie caused the financial crisis.

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The Second Bailout Plan: What is REALLY Going to Happen

posted by thegearedinvestor 1331 days ago in Sentiment, Special, Consumer made popular 1328 days ago

There are times to act on investing opportunities, and there are times to sit back and reflect while minimizing market exposure. If you've been arou

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Chart of the Day - 10/03/2008 - USD/CHF

posted by jameschen 1331 days ago in USD, CHF, Technical made popular 1330 days ago

Price action on the USD/CHF daily chart, as shown, has just hit resistance at the level of the last major swing high, before retreating back down

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