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Yen Rises Vs Dollar, Euro on Japan’s Growth, Deficit Plan
The yen advanced against the greenback and the euro as Japan’s ruling party announced a plan to restore growth, end deflation and shrink the budget deficit to contain the world’s largest public debt.
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New Highs for Gold - $1,260
Gold prices continue to surge in trading today, as the precious metal touches a new all-time nominal high.
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Loonie turns higher as oil prices rebound
The Canadian dollar edged higher on Friday as oil prices turned positive and stronger-than-forecast Canadian economic data and moderate gains on equity markets provided support.
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Gold Hits Record High on Safe-Haven Demand
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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Crude retreats as US jobless claims
Yesterday’s manufacturing and employment updates from the US have put pressure on stock markets on both sides of the Atlantic and sent oil prices south.
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Swiss Franc ETF Set to Soar
The fiscal woes of the eurozone have been well chronicled in recent weeks, with each crisis of confidence sending the common currency to new lows against the U.S. dollar.
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Short EURGBP, USDCHF and AUDCAD; Pending GBPJPY, GBPAUD
Price action over the past 12 hours has been very interesting. Volatility has increased significantly from yesterday and a few stand out currencies posting extraordinary moves. However, through this, there is little consistency in the fundamental
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Oil prices drop
Oil prices dropped below $US77 a barrel as investors lost confidence in a three-week rally amid signs of weak crude demand in the US, the world's biggest energy consumer, and a modest, uneven economic recovery.
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Asian Market Update – 6/17/10
After several days of global risk appetite in the face of fresh turmoil in the EU – namely rumors of Spanish banking system demanding a liquidity oriented €250B credit line – Asian equity markets are finally exhibiting a more cautious tone. Nikke
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European Market Update – 6/17/10
Equities: European equities opened the session mostly lower, following yesterday’s mixed session in the US and lower close in China. However, as of 5:40 EST, equities have moved higher on sharp gains in shares of BP and initial relief following S
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US Market Update – 6/17/10
Positive investor sentiment is waning in the wake of sour US economic data. Both initial and continuing weekly jobless claims rose over last week’s figures (which were revised higher), creating even more doubt over the US employment picture, whil
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Dollar’s Strength Subdued by Bad Macroeconomic Data
The U.S. dollar went down today after the set of the macroeconomic reports was released, which showed some rather unwelcome data, signaling that the U.S. economy expand at slower pace.


