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Weekly jobless claims rise 15,000 to 478,000

posted by pipsmgee 1206 days ago in USD, Fundamental, Employment made popular 1201 days ago

Jobless claims moved higher last week, pointing the way to an increase in the nation's unemployment rate, economists said Thursday.

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Canadian Dollar Weakness Catches Up, Dollar and Yen Firm

posted by pipsmgee 1207 days ago in CAD, Daily made popular 1201 days ago

The Canadian dollar's weakness is catching up with other major currencies after the release of worse than expected retail sales report. Headline sales dropped -0.3% mom in Aug comparing to expectation of -0.2%. Ex-auto sales also dropped -0.3% ve

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Bernanke endorses fiscal stimulus

posted by pipsmgee 1209 days ago in USD, Fundamental made popular 1209 days ago

Another shot of fiscal stimulus may be needed now to help the U.S. economy recover from what could be a drawn-out slowdown, Ben Bernanke said Monday.

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Credit crisis squeezes factories in Philly region

posted by pipsmgee 1212 days ago in USD, Fundamental, Manufacturing made popular 1207 days ago

Turmoil in the credit markets has spilled over with a vengeance into the factory sector in the Philadelphia region, the Philadelphia Federal Reserve said Thursday.

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Consumer prices flat in September

posted by pipsmgee 1213 days ago in USD, Fundamental, Inflation

There's good news on the inflation front, as the Labor Department reported Thursday that U.S. consumer prices were unchanged in September, with energy prices declining and food prices rising.

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Retail sales tumble 1.2% in September

posted by pipsmgee 1214 days ago in USD, Fundamental, Retail Sales

U.S. retail sales fell 1.2% in September, the biggest 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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Economic signs pointing down

posted by pipsmgee 1215 days ago in USD, Fundamental

The U.S. recession has been nearly forgotten in all the anxiety about the financial meltdown in the past few weeks. For those who care about the fundamentals, however, the coming week will feature a lot of data about the economy, much of it rathe

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U.S. stock futures rally on government plans

posted by pipsmgee 1216 days ago in USD, Fundamental, Daily

U.S. stock futures and world stock markets rallied on Monday, as agreements reached in Paris and Washington D.C. to bolster the banking system restored some confidence after a week in which stocks dropped by nearly 20% in the U.S. and by more aro

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Crisis is serious but can be solved, IMF head says

posted by pipsmgee 1220 days ago in Fundamental, Special made popular 1220 days ago

The global economic crisis is "very serious" but can be solved with quick, forceful and cooperative policies, the head of the International Monetary Fund said Thursday ahead of the fund's annual meeting.

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Fed, major central banks slash rates

posted by pipsmgee 1221 days ago in USD, Fundamental made popular 1221 days ago

The U.S. Federal Reserve and other major central banks moved in concert Wednesday to slash key interest rates as part of an ongoing effort to quell financial turmoil that has threatened to flatten the international economy.

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Speculation mounts over global rate cuts

posted by pipsmgee 1222 days ago in Fundamental, Special made popular 1222 days ago

Fears that ongoing financial turmoil could wreck the world's banking system and worsen a global slump fueled speculation Tuesday that major central banks will deliver a rare round of coordinated interest-rate cuts if conditions don't improve.

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Fed, Treasury move again to help financial markets

posted by pipsmgee 1223 days ago in USD, Fundamental made popular 1223 days ago

The Bush Administration and the Federal Reserve said Monday they are moving "with substantial force on a number of fronts" to shore up confidence in, and protect, the financial system.

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