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Dollar Erases Drop Versus Yen on Gain in Consumer Confidence

posted by pippinallnite 1096 days ago in USD, JPY, Consumer made popular 1096 days ago

The dollar erased its drop against the yen after a report showed consumer confidence rose this month to the highest level since September.

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Pick of the Day: GBP/USD

posted by keiragabe 1109 days ago in USD, GBP, Fundamental

Good morning! I've got my sights on a simple technical setup on "Cable." Today's economic events have brought in sellers to GBP/USD...will the push lower continue?

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Gold Heads for Biggest Weekly Drop in Over 28 Years on Dolla

posted by pippinallnite 1311 days ago in USD, Daily, Gold made popular 1307 days ago

Gold headed for its steepest weekly decline in more than a quarter-century in London as the rising dollar and plunging equities curbed investor demand for the precious metal.

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Canada's Inflation Rate Dips to 3.4% in September

posted by milkyway 1311 days ago in CAD, Fundamental, Inflation made popular 1307 days ago

Canada's inflation rate edged down to 3.4% in September, despite sharply higher prices for food and gasoline, Statistics Canada reported Friday.

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Five Trading Behaviors I'm Seeing Among Traders Making Money

posted by fxhottie 1311 days ago in Trading Psychology made popular 1307 days ago

As I'm writing this, the ES futures are lock limit down and my email count is off the charts. Lots of fear, not much greed: fear, not only for one's trading, but for retirement savings and the economy. Most of people's money is tied up in some co

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Has the Dollar Topped Out?

posted by fxhottie 1311 days ago in USD, Oil, Employment made popular 1307 days ago

In the face of Thursday’s 200 point positive and negative swings in the Dow, it could be argued that the US dollar has been relatively stable if you

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Fed Move Signals Possible 50 Point Cut

posted by pippinallnite 1312 days ago in USD, Sentiment, Daily made popular 1307 days ago

The U.S. Federal Reserve’s decision on Wednesday to alter the formula it uses to determine the interest rate paid to depositary institutions on excess balances may signal another 50 basis point rate cut next week, according to Scotia Capital.

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Oil Falls Below $67 as OPEC Mulls Supply Cut

posted by pippinallnite 1312 days ago in USD, Daily, Oil made popular 1307 days ago

Oil fell below $67 a barrel on Thursday ahead of an emergency OPEC meeting expected to consider supply cuts after a 45 percent drop in prices from record highs hit in July.

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Jobless Claims Rise More Than Expected

posted by MarcB 1312 days ago in USD, Fundamental, Employment made popular 1307 days ago

The number of U.S. workers filing new claims for jobless benefits rose by a larger than expected 15,000 last week, government data on Thursday showed, reinforcing evidence about the weak state of the labor market.

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Foreign Currency Doesn't Suffer from a Global Recession

posted by thegearedinvestor 1312 days ago in Sentiment, Special, Trading Psychology made popular 1307 days ago

I just took a look at the headlines and noticed that the Nikkei just plummeted more than 7% in early Japanese trading because of global recession fears. News flash: This isn't breaking news. Situations like this make me so glad that my financi

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Dollar to Drop 8% Against Yen as Carries Unwind, Barclays Sa

posted by MarcB 1312 days ago in USD, JPY, Daily made popular 1307 days ago

The yen may strengthen 8 percent by March 2009 to 90 per U.S. dollar as investors dump higher- yielding assets funded in Japan and bring their cash home, Barclays Capital said.

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BoJ Holds Key Interest Rate

posted by pippinallnite 1327 days ago in JPY, Fundamental, Inflation made popular 1327 days ago

Tuesday, the Bank of Japan maintained its key interest rate in October, while the Bank Indonesia hiked the policy rate for the sixth straight month. Official data showed inflation slowed in the Philippines.

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