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Obama Signs FinReg: 'No More Bailouts'
President Obama signed the financial reform bill into law today, issuing a strong, though not especially credible statement regarding future bailouts: "There will be no more taxpayer-funded bailouts. Period."
4 votes
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Stress Tests May Add to Swiss Bank Intervention Losses
The Swiss National Bank's intervention efforts aimed at weakening the franc relative to the euro has resulted in $13.3 billion dollars in losses. However, the real pain may still await the central bank ahead of the eurozone's stress test results
13 votes
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Merrill Lynch: USD/JPY to Test 14-Year Low
The US dollar may trade at a 14-year low against the Japanese yen, as diverging monetary policies between the Federal Reserve and the Bank of Japan take hold, according to Bank of America Merrill Lynch.
19 votes
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RBS: Euro Peaking Amid 'Fragile Confidence'
Royal Bank of Scotland warns that the euro is nearing its peak, as "fragile market confidence" remains at the fore.
16 votes
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Crude Oil Tests Resistance on Summer Demand Bet
Crude oil is rising for the second consecutive day, as traders bet that summer demand will outpace expectations.
17 votes
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Goldman Sachs Posts Huge Earnings Miss
Further evidence of weakness among global banks came in the form of a huge earnings disappointment issued by Goldman Sachs (NYSE: GS) earlier today.
8 votes
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BNP Paribas: USD/JPY Heading to 84.95
The US dollar may trade at an eight-month low against the Japanese yen, as concerns of a faltering US economy mount, according to BNP Paribas.
45 votes
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Daily Forex Signal: GBP/USD May Retrace Toward 1.50
The British pound is losing ground against the US dollar at this hour, as the decline from recent highs near the 1.55 handle continue in trading today.
36 votes
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Bank Stress Tests a 'Lose-Lose' for Euro
The euro will fall against all currencies ahead of the "lose-lose situation" that the bank stress tests in the eurozone create, according to High Frequency Economics.
4 votes
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George Soros: Too Early to Withdraw Stimulus
Renowned investor George Soros says that US lawmakers should refrain from ending stimulus measures, as the economy has yet to strengthen sufficiently to take it off of life support.
21 votes
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Karen Jones: EUR/USD May Reach 1.35
The euro may strengthen to 1.35 against the US dollar based on technical indicators, according to Commerzbank.
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Homebuilder Sentiment Worsens in July
The National Association of Home Builders index declined in July to a reading of 14 from a downwardly revised reading of 16 in June.


