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Japan revises growth up, but China stays on top

posted by twilight 19 hours ago in JPY, Fundamental made popular 16 hours ago

Japan's economy expanded more than first thought in the April-June quarter, government data showed Friday, soothing fears that a fragile recovery could grind to a halt.

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Oil Falls a Third Day as European Debt

posted by twilight 2 days ago in Oil made popular 2 days ago

Oil declined for a third day in New York amid speculation that Europe’s debt crisis may worsen, hampering global growth and crimping fuel demand.

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Japan capex stabilising, strong yen a threat

posted by twilight 2 days ago in JPY, Fundamental

Japanese machinery orders surged by the most in seven months in July, but economists worry that a surging yen and a slowdown in overseas economies could snuff out a gradual recovery in capital expenditure.

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Obama launches big week on economy

posted by twilight 4 days ago in USD

President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.

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The Euro continues its attempts to incline

posted by twilight 4 days ago in EUR, Fundamental made popular 4 days ago

The euro continued to incline versus its major counterpart the dollar during the Asian session, with a limited trading, which prevents the pair to break resistance levels that they are facing. The growth data for the German economy (which is the

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US Housing Dip Deepens As Artificial Support Wanes

posted by twilight 6 days ago in USD, Housing

The Double-Dip recession I’ve been predicting for some time is deepening. And nowhere is the emergence of this powerful economic force more clear than in the housing market.

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Risk currencies firm, await U.S. jobs report

posted by twilight 7 days ago in USD, EUR made popular 7 days ago

The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data due later in the day.

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US fears mean risk for European Central Bank

posted by twilight 8 days ago in USD, EUR made popular 8 days ago

Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the US.

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Federal spending rises a record 16% in 2009

posted by twilight 9 days ago in USD made popular 9 days ago

Federal domestic spending increased a record 16 percent to $3.2 trillion in 2009, the Census Bureau reported Tuesday, largely because of a boost in aid to the unemployed and the huge economic stimulus package enacted to rescue the sinking economy

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June Service Index Rises 1.4%

posted by twilight 14 days ago in GBP, Fundamental

Overall UK service sector index increased 1.4% in June from a year ago month. The largest contribution to the increase was 1.7% in the business and finance services.

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Factors to Watch on August 26

posted by twilight 15 days ago in EUR, Fundamental made popular 15 days ago

Greece's economy will contract by less than 4.0 percent this year and government guarantees extended to banks are aimed at ensuring adequate credit expansion, the country's finance minister said on Wednesday.

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Weak retail sales add to gloom

posted by twilight 16 days ago in CAD, Fundamental, Retail Sales made popular 16 days ago

Weak Canadian retail sales and plunging U.S. home sales added further fuel to concerns over a slowing North American economy, sending markets into a tailspin and the Canadian dollar to a seven-week low on Tuesday.

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