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Yen Trades Near Strongest Since 2002 on Global Economic Conc

posted by maximumpips 1206 days ago in EUR, JPY, Daily made popular 1202 days ago

The yen traded near the highest level against the euro since 2002 as global economic turmoil led investors to sell higher-yielding assets and pay back low-cost loans in Japan's currency.

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The Yen Continues To Rise, The Carry Trade Is Dead

posted by czarinacleopatra 1206 days ago in JPY, Special made popular 1206 days ago

The yen continues to rise against both the dollar and the euro. The entire universe of the FX trade complex is in a roaring collapse as the old status quo of the Japanese carry trade violently unwinds. This is exposing all the hedge schemes and o

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Weekly jobless claims rise 15,000 to 478,000

posted by pipsmgee 1206 days ago in USD, Fundamental, Employment made popular 1201 days ago

Jobless claims moved higher last week, pointing the way to an increase in the nation's unemployment rate, economists said Thursday.

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Reality in the Economy

posted by chloegurl 1206 days ago in CAD, Special made popular 1206 days ago

The vast majority of Canadians are woefully unprepared for the world that is emerging around them. This is not simply because the savings rate in the country has fallen, year by year, nor is it because their financial assets have been shredded an

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Bank of Canada sees sluggish growth until 2010

posted by twilight 1206 days ago in CAD, Fundamental made popular 1206 days ago

Canada's economic performance is expected to be sluggish through the first quarter of next year, the country's central bank said Thursday.

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EUR/USD Falls Further Following Overnight Session

posted by xjessicax 1206 days ago in USD, EUR made popular 1206 days ago

The euro is currently off new two-year lows against the U.S. dollar on Thursday morning, due in part to dovish comments by European Central bankers.

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Euro, Pound Tumble on Bets European Central Banks to Cut Rat

posted by maximumpips 1207 days ago in EUR, Fundamental, Daily made popular 1207 days ago

The euro fell below $1.28 for the first time since November 2006 and the pound tumbled to a five- year low on speculation European central banks will cut interest rates as the global economy heads for recession.

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Dollar Soars To 2-Year Peak Versus Euro As Recession Talk He

posted by fxmasta 1207 days ago in USD, EUR, Fundamental made popular 1207 days ago

The dollar skyrocketed versus most other majors overnight before leveling off Wednesday morning, but continued to move lower versus the broadly stronger yen. Traders are selling off higher-yielding currencies on favor of the dollar and yen amid g

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BoE October Minutes Show MPC Voted Unanimously To Cut Bank R

posted by lovethefx 1207 days ago in GBP, Fundamental made popular 1207 days ago

Policymakers stood united in deciding on a rate cut as the UK economy apparently entered recession. The minutes of the Bank of England’s rate setting session released on Wednesday revealed that the members voted unanimously to reduce the bank rat

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Euro and Sterling Hardest Hit in Dollar and Yen Rally

posted by emmypiu 1207 days ago in EUR, GBP, Daily made popular 1207 days ago

Dollar continues to maintain strong momentum today on a couple of factors with dollar index soaring to as high as 85.91. Firstly, there are increased speculations that other major central banks in the world will cut rates faster than Fed.

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Euro Hits Rock Bottom: Technicals Say Enough is Enough

posted by thegearedinvestor 1207 days ago in EUR, Technical, Trading Psychology made popular 1207 days ago

I have been quite surprised lately with the continued weakness of the Euro. Strictly based on fundamentals, the collective countries of Europe appear to be in even worse shape than the United States. With growth slowing at disturbing rates and

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Canadian dollar slumps to new multi-year lows against dollar

posted by Valerie 1207 days ago in USD, JPY, CAD made popular 1207 days ago

During early deals on Wednesday, the Canadian dollar plunged to new multi-year lows against the US dollar and the Japanese yen. Meanwhile, the loonie showed strength against the currencies of Europe and Australia. The Canadian currency climbed to

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