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European Central Bank and European Leadership Need to Step Up Now

posted by Avatar edzy 10 days ago in EUR

It is true that in the grand scheme, Greece is a rather small threat to the broader economy, but if investors started to expect such exits from other countries as a result, this would truly be an unwelcome development which would significantly ... read more
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Three Currency Pairs to Trade for a Weak Global Economy

posted by Avatar edzy 16 days ago in EUR, Economic Indicators made popular 16 days ago

Also, a weak Euro has been one of the biggest consequences of the deflating European economy. The EUR/USD Dollar cross rate has been extremely weak over the last 10 months, trading down from a high of near 1.49 last summer to today's level of 1.2955, ... read more
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European Banks' Dollar Funding Costs Rise From Nine-Month Low

posted by Avatar edzy 24 days ago in EUR made popular 23 days ago

The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 44 basis points below the euro interbank offered rate at 8:30 am in London, data compiled by Bloomberg show. The measure was minus 43.5 ... read more
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US data lifts C$ to session high

posted by Avatar edzy 25 days ago in USD made popular 25 days ago

The US Institute for Supply Management report showed the pace of growth in the US manufacturing sector picked up in April to its highest level in 10 months, suggesting the economy still had some resilience after indications it had lost momentum at the ... read more
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Europe Factors to Watch-Shares set to halt bounce after Spain downgrade

posted by Avatar edzy 30 days ago in all made popular 30 days ago

S&P, citing expectations Spain's finances will deteriorate even more than previously thought due to the recession and the country's ailing banking sector, downgraded Spain to BBB-plus from A and put a negative outlook on the credit, ... read more
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Jitters ease further after Spain's auction, relatively good macroeconomics

posted by Avatar edzy 39 days ago in USD, EUR, JPY, CAD, AUD

Meanwhile, the euro zone inflation figures on the consumer front over yearly basis remained stable at 2.7% while March reading showed prices accelerated at 1.3% rate from 0.5% in February above estimates of 1.2% rise. On the sentiment side, ... read more
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Investments drop to USD 2bn in First FY quarter

posted by Avatar edzy 48 days ago in USD made popular 48 days ago

Mumbai, April 8 (TruthDive): Global consultancy firm Grant Thornton report states that corporates in India inked deal worth USD 20.4 billion in the first quarter of this year ending March. The same period last year had deals worth USD 21 billion . read more
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USD/CAD flat ahead of FOMC minutes

posted by Avatar edzy 53 days ago in CAD

Ahead in the week, unemployment rate (7.5% exp.), Building Permits (+2.2% exp.) and the Ivey PMI (64.8 exp.) are expected. At the moment the cross is back to the positive ground, advancing 0.06% at 0.9910, with the next resistance at 0.9938 (MA21d) ... read more
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India can become middle-income nation by 2025: Rangarajan

posted by Avatar edzy 60 days ago in Economic Indicators made popular 60 days ago

Slowdown in agriculture and manufacturing is likely to pull down India's economic growth to a three-year low of 6.9 per cent in 2011-12. "Inflation, especially food inflation, balance of payment or current account deficit (CAD) and fiscal consolidation ... read more
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The world's reserve currency doesn't have to be the dollar

posted by Avatar edzy 60 days ago in CHF made popular 60 days ago

Your Choices are as follows: USD, Euro, Yen, Yuan, CHF, CAD or even a basket of currencies. None of the options above sound appealing considering they all based on the same flawed system of government monopoly fiat currency. Even if you put gold or oil ... read more
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Bernanke Sends USD down and Gold Up

posted by Avatar edzy 61 days ago in USD, Commodities

Once again, Fed Chairman Bernanke sent the dollar plummeting and gold soaring. Many investors have begun to trade the Bernanke System. Each time he speaks he either pushes gold up or down and the opposite to the USD. In his surprising speech today, ... read more
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C$ firms on Bernanke comments, German data

posted by Avatar edzy 61 days ago in all made popular 61 days ago

The Canadian dollar firmed against the US currency on Monday, continuing to rebound after touching a ... read more