Avatar Posted by feedmuncher 189 days ago (http://www.actionforex.com)
Category: Fundamentals
Bernanke also made it plain that banks have still not recovered fully from the credit crisis and are not pulling their weight by becoming more relaxed about lending. Unemployment is still rising as suggested by continuing claims and industrial produ forex news :: view details »

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Avatar Posted by feedmuncher 175 days ago (http://www.actionforex.com)
Category: Fundamentals
Personal consumer expenditure (PCE) rose 0.2% in April in line with market expectations. This represented a slowing in growth from the 0.4% gain seen in March. Personal income rose 0.2%, a touch faster than market expectations, although down from th forex news :: view details »

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Avatar Posted by feedmuncher 174 days ago (http://www.actionforex.com)
Category: Fundamentals
German Retail Sales plunged -1.7% versus an expected 0.6% gain dragging EURUSD below the 1.5500 figure for the first time in 10 days. When adjusted for inflation German consumers spent less that last year as skyrocketing gasoline prices sapped purch forex news :: view details »

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Avatar Posted by feedmuncher 295 days ago (http://www.actionforex.com)
Category: Fundamentals
The dollar fell against major currencies on Wednesday after the Federal Reserve, as forecast, cut the Fed funds rate by 50 basis points to 3.0%, to prevent the US economy from slipping into a recession. The Fed said downside risks remain, stressing forex news :: view details »

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Avatar Posted by feedmuncher 270 days ago (http://www.actionforex.com)
Category: Fundamentals
Sentiment in the financial markets remains mixed but overnight stock markets in Asia rallied on speculation regarding a rescue plan targeting distressed US bond insurers. The rescue plan is supposedly aimed at helping bond insurers - including AMBAC forex news :: view details »

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Avatar Posted by feedmuncher 262 days ago (http://www.actionforex.com)
Category: Fundamentals
ECB comments could trigger a more substantial Euro correction, but will not be able to trigger a trend reversal in isolation. The Euro pushed to a new record high around 1.5270 against the dollar on Monday, but was unable to sustain the gains and di forex news :: view details »

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Avatar Posted by feedmuncher 262 days ago (http://www.actionforex.com)
Category: Fundamentals
The Bank of Canada unexpectedly slashed rates by 50bps to 3.50 percent - the sharpest cut since 2001 - as the bank saw some downside risks to the Canadian economy "intensifying" as "the deterioration in economic and financial conditions in the Unite forex news :: view details »

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Avatar Posted by feedmuncher 262 days ago (http://www.actionforex.com)
Category: Fundamentals
Euro dollar hit a record high over $1.5275 yesterday, threatening to dampen exports just as the U.S. slowdown dims the region's growth outlook. The euro's advance complicates the work of the European Central Bank, which meets on interest rates this forex news :: view details »

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Avatar Posted by feedmuncher 261 days ago (http://www.actionforex.com)
Category: Fundamentals
The ECB would probably welcome the move also. Its officials have been bemoaning the strength of the Euro and the instability makes it tougher for the CB to hike rates to counter-act inflationary pressures. forex news :: view details »

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Avatar Posted by feedmuncher 261 days ago (http://www.actionforex.com)
Category: Fundamentals
Today however investors will be focusing on the ADP employment report and the ISM service index from the US. The latter fell sharply in January but although prospects for growth have deteriorated over the past months and turbulence in the financial forex news :: view details »

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Avatar Posted by feedmuncher 248 days ago (http://www.actionforex.com)
Category: Fundamentals
The federal open market committee decided to lower the benchmark interest rate 75 basis point driving rates down to 2.25%, maybe a little bit not satisfying to a lot of investors who actually thought rates will go down to 2.00%. the discount rate wa forex news :: view details »

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Avatar Posted by feedmuncher 237 days ago (http://www.actionforex.com)
Category: Fundamentals
Sterling sentiment will remain weak, but a substantial amount of bad news has been priced in which should limit further losses. The UK CBI retail survey indicated that sales were slightly stronger than expected in March. The expectations component w forex news :: view details »

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