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Consumer cut in spending the most since 1980

posted by Avatar odell 1198 days ago in USD, Fundamental, Retail Sales made popular 1198 days ago

Scared and out of money, Americans stopped buying everything from cars to corn flakes in the July-September quarter, ratcheting back spending by the largest amount in 28 years and jolting the national economy into what could be the most painful r read more
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Pick of the Day: EUR/USD

posted by Avatar joemama 1199 days ago in USD, EUR, Technical made popular 1198 days ago

The FOMC cut rates by 50 basis points yesterday, which was enough to push EUR/USD further up to my entry orders at 1.3000. Unfortunately, it pushed it up way more than that as the rally took the pair as high as 1.33 during the Asian session befo read more
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Federal Reserve and IMF are Getting Good with Handouts

posted by Avatar joemama 1199 days ago in USD made popular 1198 days ago

Does the 'establishment of temporary reciprocal currency arrangements' mean anything to you? Yeah, it kind of went by me in a blur the first time I read it. Basically, this has become one of the side shows for the Federal Reserve. read more
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European markets rise on strong earnings, rate cuts

posted by Avatar kulas 1199 days ago in EUR, Fundamental, Daily made popular 1198 days ago

The European markets rose for the third day on Thursday after Deutsche Bank, AstraZeneca and Metro reported better than expected earnings and central banks from Washington to Hong Kong cut interest rates. read more
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Inflation dashes hopes of Reserve Bank rate cuts

posted by Avatar LadyGodiva 1199 days ago in AUD, Inflation made popular 1198 days ago

The Reserve Bank of Australia has moved to hose down expectations of another interest rate cut, warning high inflation remains an issue and could limit its ability to move. read more
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Gold, oil fall due to demand fears

posted by Avatar Valerie 1199 days ago in Gold, Oil made popular 1198 days ago

Gold and oil fell on Thursday, giving up gains, as the dollar trimmed losses against the euro and recession threats offset a brief outbreak of optimism about the global economy fuelled by a U.S. interest rate cut. read more
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Dollar, Yen Fall as Rate Cuts

posted by Avatar czarinacleopatra 1199 days ago in USD, JPY, Fundamental made popular 1198 days ago

The dollar and the yen fell against most major currencies as global interest-rate cuts sparked a rally in stocks, boosting demand for higher-yielding assets. read more
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Dollar, yen slip on renewed risk appetite

posted by Avatar Romantiq 1199 days ago in USD, JPY, Fundamental made popular 1198 days ago

Renewed risk appetite in the wake of the Federal Reserve's interest-rate cut and efforts to shore up emerging economies left the U.S. dollar and the Japanese yen on the defensive Thursday, traders said. read more
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GDP falls 0.3% in third quarter on dive in spending

posted by Avatar czarinacleopatra 1199 days ago in USD, GDP made popular 1198 days ago

The U.S. economy contracted at a 0.3% annualized rate in the third quarter, as consumer spending declined at the fastest rate in 28 years, the Commerce Department estimated Thursday. read more
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Initial jobless claims rise: US weak fundamentals

posted by Avatar Valerie 1206 days ago in USD, Fundamental, Employment made popular 1206 days ago

New Zealand's central bank cut interest rates by a record 1 percentage point to 6.5%, saying tight credit conditions and market turmoil called for sharply lower rates. read more
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Gold sinks below $700 for first time in 14 months

posted by Avatar 1206 days ago in Fundamental, Gold made popular 1206 days ago | admin links

Gold prices fell below $700 an ounce for the first time in 14 months Thursday as investors fearful of a protracted global slowdown unloaded their holdings in the precious metal.
Gold for December delivery fell $20.50 to settle at $714.70 an ounc read more
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The U.S. Dollar Death Dance

posted by Avatar emmypiu 1206 days ago in USD, Sentiment, Daily made popular 1206 days ago

The USDollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, p read more