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Euro rises to session high vs dollar on stocks

posted by gonepippin 1311 days ago in EUR, Fundamental made popular 1311 days ago

The euro rebounded versus the dollar on Thursday as U.S. stocks extended gains on bargain hunting in the energy sector, prompting some profit-taking against the greenback.

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Sterling slides vs broadly rising dlr; data weighs

posted by gonepippin 1314 days ago in USD, GBP, Fundamental made popular 1313 days ago

Sterling lost its lustre after initially rising more than one percent against the dollar on Monday as the greenback gained broadly late in the session.

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Philly Fed Index Indicates Substantial Contraction In Octobe

posted by gonepippin 1318 days ago in USD, Fundamental, Manufacturing

Thursday morning, the Federal Reserve Bank of Philadelphia released its report on manufacturing activity in the mid-Atlantic region in the month of October, showing that activity contracted at a much faster than expected pace.

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Pending Home Sales Unexpectedly Show Substantial Increase In

posted by gonepippin 1326 days ago in USD, Fundamental, Housing made popular 1325 days ago

Pending home sales unexpectedly showed a substantial increase in the month of August, according to a report released by the National Association of Realtors on Wednesday, with the pending home sales index rising to its highest level in over a yea

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Russia injects $36 billion in cash to shore up banks

posted by gonepippin 1327 days ago in Fundamental, Daily made popular 1326 days ago

Hours after Russian regulators halted trading for a second day, President Dmitry Medvedev took another step to stabilize his nation’s floundering banking system Tuesday, pumping almost a trillion rubles to help thaw frozen credit markets.

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ISM Survey shows Service sector grew slightly in September

posted by gonepippin 1328 days ago in USD, Fundamental, Manufacturing made popular 1328 days ago

An industry report released Friday showed that the country’s services industries saw growth slow to near-stagnant levels in September.

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Does the U.S. Have to Worry About Its Credit Rating?

posted by gonepippin 1346 days ago in USD, Fundamental made popular 1345 days ago

With news Wednesday that credit default swaps on U.S. government debt have risen to a record level -- essentially meaning that there is growing nervousness about U.S. creditworthiness -- it's time to take a closer look. After all, many are newly

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How Does the Euro’s Trading Range Measure Up Historically?

posted by gonepippin 1347 days ago in USD, Technical, Special made popular 1346 days ago

Since the beginning of the year, the EUR/USD has had a trading range of 21 big figures or 2100 pips.

The high of 1.6038 was set back in July and while the low (so far) of 1.3882 was hit last Friday.

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Best 'Currency' Right Now? It Might Be Gold

posted by gonepippin 1348 days ago in USD, Gold made popular 1347 days ago

One day, the Dow rises nearly 300 points. The next day, it gives it all back. United Airlines (UAUA) is down 99% one minute. A few hours later, it's back to even. In the evening, Lehman (LEH) is solvent. By the next morning, the company has filed

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Investors On Edge Tuesday Morning Ahead of Fed Rate Call; Fi

posted by gonepippin 1348 days ago in USD made popular 1348 days ago

US stocks were indicated to open slightly higher Tuesday morning in New York, but investors remained extremely anxious after Monday’s massive sell-off was sparked by turmoil in the financial sector. Against the backdrop of Lehman Brothers’ demise

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New York Fed Index Indicates Weakness In September

posted by gonepippin 1349 days ago in USD, Fundamental made popular 1347 days ago

After seeing some growth in the previous month, business activity in the New York state manufacturing sector has shown a notable contraction in the month of September, according to a report released by the Federal Reserve Bank of New York on Mond

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Sterling hits fresh lows; bearish UK sentiment persists

posted by gonepippin 1361 days ago in GBP, Fundamental made popular 1361 days ago

Sterling's dismal run showed little sign of letting up on Wednesday as it fell to new lows on continued gloom surrounding the UK economy and as falling oil prices gave a boost to the U.S. dollar.

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