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Trichet Says ECB May Need to Examine `New Steps' on Collater

posted by nancypants 1216 days ago in EUR, Daily made popular 1215 days ago

European Central Bank President Jean-Claude Trichet said the ECB will examine ways to widen its lending rules after governments asked it to set up a facility to buy commercial paper.

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German Factory Orders Recover; UK Manufacturing Output Falls

posted by nancypants 1222 days ago in EUR, GBP, Fundamental made popular 1222 days ago

Tuesday saw some key economic data releases from European economies, of which German factory order data and UK manufacturing output report for August were in the focus.

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Canadian Dollar Shows Weakness Against Majors On Lower Oil P

posted by nancypants 1223 days ago in USD, CAD, Oil made popular 1222 days ago

The loonie posted weak performances versus its major counterparts on Monday in New York. Investors pondered sinking U.S. oil prices.

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New Zealand to Record Higher Budget Deficit

posted by nancypants 1223 days ago in USD, NZD, Fundamental made popular 1223 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 1223 days ago in USD, Fundamental, Daily made popular 1223 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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Home Sales Probably Fell, Trade Gap Ebbed: U.S. Economy Prev

posted by nancypants 1223 days ago in USD, Fundamental, Housing made popular 1223 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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France slips into recession: official forecast

posted by nancypants 1226 days ago in EUR, Fundamental made popular 1226 days ago

French leaders scrambled to reassure consumers, voters and investors Friday, after the official statistics agency warned that the eurozone's second largest economy had slipped into recession.

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ECB opens door to rate cut as Trichet heads to crisis talks

posted by nancypants 1226 days ago in EUR, Fundamental, Daily made popular 1226 days ago

The European Central Bank has opened the door to a rate cut in the coming months as its president Jean-Claude Trichet prepares for high-level financial talks in Paris on Saturday, analysts said.

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Fed Rate Cuts Increasingly Likely, But Will It Matter?

posted by nancypants 1227 days ago in USD, Daily, GDP made popular 1226 days ago

This week’s data flow only confirms what was apparent last week – the US economy deteriorated as we headed into the third quarter. By now, there should be no doubt that the US consumer is devoid of resources to further propel spending. And withou

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More On Rising Dollar, Declining Gold

posted by nancypants 1227 days ago in USD, Daily, Gold made popular 1226 days ago

The price of gold has rebounded as the financial crisis drags on but the process of consolidating the weak with the strong is well advanced. How many more big names are left to implode and fuel further gains in the price of gold? The supply is dw

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Private Sector Cuts Fewer Jobs Than Expected: ADP

posted by nancypants 1228 days ago in USD, Fundamental, Employment made popular 1227 days ago

U.S. private employers cut a surprisingly low 8,000 jobs in September, a report by a private employment service said on Wednesday.

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Crude Oil Decline on Concern U.S. Bailout Plan May Fail

posted by nancypants 1230 days ago in USD, Oil, Metals

Commodities fell, led by crude oil, gasoline and copper, on concern the U.S. plan to spend $700 billion propping up America's banks will fail avert a

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