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Auto Makers to Get $17.4 Billion

posted by Cosmin 1149 days ago in Fundamental made popular 1149 days ago

The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.

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EUR/USD Short term (Intraday)

posted by rangesnet 1150 days ago in USD, EUR, Technical

1,4435. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Analyzing the 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD.

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Swiss Franc Commentary for the week of 12/12/2008

posted by commentary 1152 days ago in CHF, Weekly made popular 1152 days ago

The Swiss franc ended the week up 3.5% versus the US dollar more than making up for last week's 0.5% decline as the greenback suffered more generally from an improvement in confidence in the policy response to the global economic and financial cr

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ECB Delivers Biggest Rate Cut Ever as Economy Slumps

posted by JayP 1163 days ago in EUR, Fundamental, Daily made popular 1163 days ago

The European Central Bank cut interest rates the most in its 10-year history after the region’s economy suffered the first recession since the introduction of the euro.

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Oil slides under $US45

posted by LosingGain 1165 days ago in Oil made popular 1164 days ago

OIL prices tumbled under $US45 on Wednesday to reach their lowest level since February 2005 after more weak US economic data sparked concern about slowing global energy demand.

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U.S. recession could last into 2010

posted by makino 1165 days ago in USD, Fundamental, GDP made popular 1164 days ago

The economy's yearlong downturn, officially declared a recession Monday, could last well into next year or even beyond, challenging the government to devise new responses as traditional methods show limited results.

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