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Gold's recent slump bewilders investors

posted by dooly 1206 days ago in Gold made popular 1201 days ago

Gold is often seen as an investment safe haven whose price tends to rise when the economy falls into troubles, but its recent slumps have defied conventional wisdom.

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Mad Currency Machinations Continue

posted by dooly 1209 days ago in Fundamental, Daily made popular 1207 days ago

Now and then I like to post an update on the mad post-bailout machinations in currency markets, so here is a quick look. It is still a tale of pain against the U.S. dollar for everything but the Japanese yen, and even it has flattened out a littl

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Why Isn't the EUR/USD Rallying?

posted by dooly 1212 days ago in USD, EUR, Fundamental

Unlike the other major currencies, the EUR/USD has not joined in the rally today. For currency traders looking for an explanation, the answer is OIL.

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Retail sales tumble 1.2% in September

posted by dooly 1213 days ago in USD, Fundamental, Retail Sales made popular 1213 days ago

U.S. retail sales fell 1.2% in September, the worst drop in three years and the third decline in a row, a further sign that the economy has sunk into a recession led by an exhausted consumer.

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U.S. government to give $250 billion to banks

posted by dooly 1215 days ago in USD, Fundamental

Treasury Secretary Henry Paulson announced an extraordinary investment by the federal government in the American banking system on Tuesday, laying out an unprecedented plan to give $250 billion to banks to repair the faltering financial system an

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U.S. stocks join global rally on government plans

posted by dooly 1216 days ago in USD, Fundamental made popular 1215 days ago

U.S. stocks on Monday sprang back, with the Dow Jones Industrial Average on track for its largest daily jump ever, with shares of General Motors Corp. buoyed by merger talk amid a widespread global rally after government actions to heal the finan

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World rolling out emergency financial moves

posted by dooly 1217 days ago in Fundamental, Special made popular 1217 days ago

Nations across the globe moved on new emergency measures Sunday to recapitalize banks, guarantee bank deposits and stabilize the world banking system amid fear of a global financial meltdown, reports said.

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U.S. trade gap narrows as global economy stalls

posted by dooly 1219 days ago in USD, Fundamental, Trade made popular 1219 days ago

The U.S. trade deficit narrowed in August, as consumers curbed their spending on imported goods, a government report showed Friday.

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U.S. may take ownership stake in banks

posted by dooly 1220 days ago in USD, Fundamental made popular 1220 days ago

In another attempt to loosen credit markets and restore confidence in the financial system, the Treasury Department is considering a plan to take ownership stakes in many U.S. banks, both healthy and troubled, according to a media report Wednesda

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Pending home sales index rises 7.4% in August: NAR

posted by dooly 1221 days ago in USD, Fundamental, Housing made popular 1220 days ago

Despite the credit crunch gripping the U.S. economy, the National Association of Realtors reported Wednesday that an index of sales contracts on previously owned homes rose 7.4% in August from the prior month

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Bernanke hints at possible interest rate cut

posted by dooly 1222 days ago in USD, Fundamental made popular 1222 days ago

Federal Reserve Chairman Ben Bernanke opened the door on Tuesday for a possible interest rate cut in the near future.

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Payrolls sink 159,000, worst job loss in 5 years

posted by dooly 1223 days ago in USD, Fundamental, Employment made popular 1222 days ago

The U.S. economy lost 159,000 jobs in September, the worst since March 2003, the Labor Department reported Friday.

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