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Edgy Capital Pours Back Into Japan, and Yen Soars

posted by Avatar Romantiq 1307 days ago in JPY, Fundamental made popular 1307 days ago

Tumbling stock markets and cratering currencies are causing global concern, but the Japanese yen is generating high-level anxiety for rising too much. The yen surged as much as 10 percent against the dollar last week. Over the last month, it has read more
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Sept. new home sales worst since 1981

posted by Avatar olivia 1307 days ago in USD, Fundamental, Housing made popular 1307 days ago

Sales of newly constructed homes rose in September, according to the monthly report from the U.S. Census Bureau, inching up 2.7% from August to an annualized rate of 464,000. read more
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Fed begins business lending program

posted by Avatar LadyGodiva 1307 days ago in USD, Fundamental made popular 1307 days ago

The Federal Reserve started buying so-called commercial paper on Monday to jumpstart a critical but faltering lending market used by banks and big businesses. read more
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Euro rises to session high vs dollar on stocks

posted by Avatar gonepippin 1311 days ago in EUR, Fundamental made popular 1311 days ago

The euro rebounded versus the dollar on Thursday as U.S. stocks extended gains on bargain hunting in the energy sector, prompting some profit-taking against the greenback. read more
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Gold Up, Dollar Down Before Bernanke Speech

posted by Avatar Romantiq 1311 days ago in USD, Gold made popular 1311 days ago

As the weak dollar boosted the appeal of precious metals as an alternative asset it gave gold a lift from the lowest level it’s ever been, raising it for the first time in a month. read more
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US working on plan to help homeowners refinance

posted by Avatar emmypiu 1311 days ago in USD, Fundamental, Housing made popular 1311 days ago

Federal regulators told Congress Thursday they're working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that Federal Reserve Chairman Alan Greenspan warned will get worse before it gets bette read more
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Elliott Wave - EUR/USD, GOLD

posted by Avatar 1311 days ago in USD, Technical, Gold made popular 1311 days ago | admin links

Gold broke to new lows on Wednesday so count number #2, discussed yesterday is the case. Strong dollar moves due to credit market liquidity have also influenced oil prices, with a large percentage decline that dropped $3 on crude. Usd/Chf also we read more
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Euro Levels Off Versus Dollar And Yen, Up Versus Pound

posted by Avatar LadyGodiva 1311 days ago in USD, EUR, JPY made popular 1311 days ago

The euro leveled off Thursday in New York after experiencing sharp weakness against the dollar and yen earlier in the week as traders moved to lower-yielding currencies amid the financial crisis. The European currency continued to edge higher aga read more
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US: People nervous now, but expect economy to improve

posted by Avatar skushno 1311 days ago in USD, Fundamental made popular 1311 days ago

People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story -- and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing.
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Bank of Canada's October Monetary Policy Report

posted by Avatar chloegurl 1311 days ago in CAD, Fundamental, Daily made popular 1311 days ago

After slashing the overnight rate by 50 basis points (bps) in concert with other major central banks on Oct. 8th, the Bank of Canada (BoC) eased by another 25bps on Tuesday, leaving the overnight rate at 2.25%. More than the decision itself, it w read more
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Sterling slides vs broadly rising dlr; data weighs

posted by Avatar gonepippin 1314 days ago in USD, GBP, Fundamental made popular 1313 days ago

Sterling lost its lustre after initially rising more than one percent against the dollar on Monday as the greenback gained broadly late in the session. read more
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Dollar Hits Fresh 52-Week High

posted by Avatar olivia 1314 days ago in USD made popular 1313 days ago

The S&P 500 is trading at its best level of the afternoon, and is modestly below session highs. read more