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Dollar and Yen Take a Breathe after Strong Rally

posted by pippinator 1311 days ago in USD, JPY, Daily made popular 1311 days ago

Markets stabilize a bit in early US session, digesting strong gains in dollar and yen. The greenbacks surged to 5 year high against Sterling and 4 year high against Canadian dollar. Yen, on the other hand, reached a 6 year high against Euro. Econ

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Weekly Jobless Claims Increase By More Than Expected

posted by pippinator 1311 days ago in USD, Fundamental, Employment made popular 1307 days ago

Indicating continued weakness in the labor market, initial jobless claims increased by much more than expected in the week ended October 18th, according to a report released by the Department of Labor on Thursday.

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Leading Indicators Index Unexpectedly Increases In September

posted by pippinator 1314 days ago in USD, Fundamental, Inflation made popular 1313 days ago

Monday morning, the Conference Board released its report on leading economic indicators in the month of September, showing that its leading indicators index unexpectedly increased for the first time in the past five months.

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Markets Consolidate in Tight Range

posted by pippinator 1318 days ago in USD, Fundamental, Daily

The forex markets are basically staying in tight range in early US session. Rally in dollar and yen lost some steam after European stock markets recover some of the earlier losses. US stocks are mixed at open as market digests yesterday's losses.

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Crude Oil Closes Below $75

posted by pippinator 1319 days ago in Oil made popular 1319 days ago

Crude oil closed below $75 a barrel for the first time in nearly 14 months as demand expectations continued to diminish amid the global credit crisis. Light sweet crude for November delivery ended the session at $74.54, down $4.09 for the session

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Is Earnings Season Bringing Back Recession Fears?

posted by pippinator 1320 days ago in USD, Fundamental

The feel good factor in the markets was relatively short-lived with the 400 point rally in the Dow Tuesday morning turning into a more than 76 point decline by the end of the US trading session.

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German Investor Confidence Tumbles; UK Inflation Fastest Sin

posted by pippinator 1320 days ago in EUR, Fundamental made popular 1320 days ago

Tuesday saw inflation reports from a number of European economies, including the UK, France, Spain and Italy. Among other data, the German ZEW economic sentiment report and Eurozone industrial production were also in the news.

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Dollar Holds Firm, Less Affected by Volatility

posted by pippinator 1321 days ago in USD, Fundamental, Daily made popular 1321 days ago

Global stock markets have traded higher after central banks from the US, Eurozone, UK and Switzerland worked in coordinated effort to pump unlimited US dollars (which used to be capped) into the global financial system Monday, and following the a

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Central Banks In Joint Effort Again

posted by pippinator 1321 days ago in EUR, Fundamental, Daily made popular 1321 days ago

Monday, the week started with a coordinated action by central banks, the latest in a string of joint measures to tackle the fast spreading global financial market crisis.

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The G7's Unified Approach and Market Implic

posted by pippinator 1322 days ago in Fundamental, Special

While the G7 did not provide a unified plan to deal with the credit crisis (because no one plan can be made applicable to all countries at the same time), it is clear that U.S. and European Union, in part as a response to the U.K. plan, are shift

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French Industrial Production Falls; Swiss Jobless Rate Holds

posted by pippinator 1324 days ago in EUR, Fundamental, Manufacturing

Friday, many European countries released industrial production and inflation data at the end of the week. The French industrial production declines less than expected, while production decline worsened in Italy. In Switzerland, the jobless rate r

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UK Trade Deficit Contracts In August

posted by pippinator 1325 days ago in GBP, Fundamental, Trade made popular 1324 days ago

UK’s total trade deficit narrowed slightly in August after widening in July, official data showed.

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