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Area home sales heated in May

posted by jerome 602 days ago in USD, Housing

"The federal tax credits provided a temporary boost to the housing market," said Amit Batabyal, an economics professor at Rochester Institute of Technology. "These credits did increase demand, they pushed demand forward a couple of months."

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All That Glitters IS GOLD when its selling at $1258.30 OU

posted by Flexie 602 days ago in USD, Fundamental, Gold made popular 602 days ago

Some of us who need money quick may be rethinking that seeming TV scam about cash for gold, especially when gold soared $1258.30 per ounce today.

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China Signals End to Yuan’s Two-Year Peg to Dollar

posted by eddie 602 days ago in USD, Fundamental made popular 602 days ago

China said it will allow a more flexible yuan, signaling an end to the currency’s two-year-old peg to the dollar a week before a Group of 20 summit.

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The Market Week Ahead

posted by WebMarket 602 days ago in Fundamental made popular 602 days ago

Shhh ... the stock market just had 2 consecutive winning weeks (and the 3rd gain in 4)!

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China to allow more exchange rate flexibility

posted by PipChecker 602 days ago in USD, Fundamental made popular 602 days ago

China's central bank promised Saturday to allow more exchange rate flexibility, suggesting a possible break from the Chinese yuan's two-year peg to the U.S. dollar, but it ruled out any large-scale appreciation.

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Oil’s Irreplaceable Role in the Global Energy economy

posted by ColdFire 602 days ago in USD, Fundamental, Oil made popular 602 days ago

Back in 2006, George W. Bush declared that the US is “addicted to oil.” Since then, that phrase has been repeated ad nauseum by politicos on both the Left and the Right.

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Australian and New Zealand Dollar Currencies Gain

posted by InvestorsChoice 602 days ago in AUD, NZD, Fundamental made popular 602 days ago

The prices of the Australian and New Zealand dollars increased and reached the highest levels in the last one month. The main reason for the increase was attributed to easing of concerns that European crisis will lead to the derailment of global

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The Return of the Aussie Bulls?

posted by lytman02 602 days ago in AUD, Technical, Daily made popular 602 days ago

In my blog last June 15, I asked whether the AUDUSD will head lower or higher. It turned out that the pair had moved north, at least for the time being, against the odds. As you can see, the pair had previously slid from a double top formation. E

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Unemployment falls in Md. in May:

posted by cathlyn 602 days ago in USD, Employment made popular 602 days ago

Maryland's unemployment rate dropped sharply in May as employers added more than 11,000 jobs, marking the third month of gains after a long downward slide.

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Gold Hits Record High on Safe-Haven Demand

posted by jerome 603 days ago in USD, Gold made popular 603 days ago

Gold rallied to a record high near $1,260 an ounce on Friday as momentum triggered by buying of the metal as a haven from sovereign and financial risk pushed prices through technical resistance to near their previous peak.

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EUR & GBP Momentum is Deflating Against the USD

posted by FXalhabib 603 days ago in Technical

The EUR USD is still on a slightly bullish momentum but the the 1.2451 resistance line is holding strong. The EUR has lost some momentum and breaking of 1.2166 resistance line would push the currency back to .....

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USD/CAD Ready for Parity Once Again

posted by forexcrunch 603 days ago in CAD

Foreign Securities Purchases, which express the level of confidence that foreigners put in Canada, jumped to 12.36 billion, much higher than 2.87 billion Canadian dollars that was expected. This keeps USD/CAD in the lower range it reached, eying

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