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US recession forecast to drag on

posted by mintchocolate 1130 days ago in USD, Fundamental, Inflation made popular 1130 days ago

The US recession is likely to drag on well into 2009 with a "moderate recovery" in 2010, according to forecasts from the US Federal Reserve.

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Oil Curve Steeper Than ‘99 Shows Possible Gain in ‘09

posted by stephenie 1132 days ago in Oil made popular 1132 days ago

The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide.

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2009 seen to be year of global recession with worst ahead

posted by sassygirl 1132 days ago in USD, GBP, Fundamental made popular 1132 days ago

The global financial system in 2008 experienced its worst crisis since the Great Depression of the 1930s. Major financial institutions went bust. Others were bought up on the cheap or survived only after major bailouts.

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Gold may shine again in 2009

posted by odell 1132 days ago in Special, Gold made popular 1132 days ago

Huge government deficits, low interest rates and rapidly growing money supply all add to the likelihood of renewed inflation - and a rising gold price. How high? Very.

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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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Greenspan Warns Of "Significant Rise" In Unemployment

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

Former Federal Reserve Chairman Alan Greenspan addressed what he termed a "once-in-a century credit tsunami" Thursday before the House Committee on Oversight and Government Reform.

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Forex Meltdown Intensified by Fears of Recession

posted by trade2win 1206 days ago in Fundamental, Special made popular 1206 days ago

The Forex meltdown took a life of its own in Asian and European trade, reflecting further deleveraging in equity and credit markets, and especially intensified by the fall out in emerging market currencies and prolonged reaction to remarks from B

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Canada's economy still better than U.S.: StatsCan

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

Canada's economy remains in better shape than the U.S. economy in a variety of areas, and recent indicators suggest the gap between the two has been widening, according to a Statistics Canada analysis 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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Canadian Dollar Weakness Catches Up, Dollar and Yen Firm

posted by pipsmgee 1207 days ago in CAD, Daily made popular 1201 days ago

The Canadian dollar's weakness is catching up with other major currencies after the release of worse than expected retail sales report. Headline sales dropped -0.3% mom in Aug comparing to expectation of -0.2%. Ex-auto sales also dropped -0.3% ve

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First Comes Deflation, Then Comes Inflation

posted by trade2win 1207 days ago in Fundamental, Special made popular 1201 days ago

The key to my fundamental analysis of the markets is money supply: is money supply going up (inflation) or down (deflation)? As I've noted in a previous article I wrote for SeekingAlpha, I'm very much in the inflation camp.

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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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