Data released during the Christmas break paint a very bleak picture of the Japanese economy. According to industrial production figures, Japan is currently experiencing the fastest deceleration in industrial activity since the Second World War in th forex news :: view details »

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Home prices continued to make record declines, according to the 20-city composite S&P/Case Schiller home price index. Prices in the survey declined 18.0% in the year to October and made a new record low for a second consecutive month. Fourteen of th forex news :: view details »

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Overall, the market sold the dollar in the first part of the day, but reversed almost everything done earlier in the U.S. session. Lately, this is the usual pattern of trading, but rarely does it happen at such a strong magnitude. The dollar might a forex news :: view details »

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The Euro recovered to the 1.41 level in overnight trading after the sharp 450-pip tumble from the spike high at 1.4362. Germany's Consumer Price Index is set to print at the lowest in over 2 years in European hours, threatening recent strength in th forex news :: view details »

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The countdown begins and markets are starting to cap their years and seal the deal for this horrific year! The year that is going on records as one of the worst financial markets have seen and economies have lived in as it was one seasonal year that forex news :: view details »

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The Pound-Dollar pair fell 200 pips today, breaking below 1.47, and extending a down move that started around 1.57. Taking a look at the last two months we see that we are at the bottoms of a sideways channel with support from the middle of December forex news :: view details »

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U.S. Dollar Trading (USD) came under pressure initially as Oil and Gold surged in Asia on reports of escalating conflict in the Gaza Strip. Gold was up over $20 an ounce at one stage and Oil was steadily bought above $40 a barrel to highs above $42 forex news :: view details »

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With no US economic data on the calendar today, the dollar weakened against every major currency except for the British pound. Trading continues to be very thin with commodities being the only products that are really moving. The tensions in the Mid forex news :: view details »

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Stocks were declining on Monday as concerns regarding Middle East tensions and weak retail holiday sales grew. In recent trade, the DOW was down 130.07 points (-1.54%), the S&P was losing 13.90 points (-1.59% and the NASDAQ 34.29 points (-2.24%). Bo forex news :: view details »

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Speculators will continue to push for Euro parity against Sterling, but this will set the stage for a very sharp correction as the Euro will be over-extended. Sterling remained fragile ahead of the Christmas holiday and was unable to secure any resp forex news :: view details »

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As geopolitical tensions were reborn in the largest black gold area, the Middle East, along with the endless global crisis, it consequently caused the dollar to weaken further against the euro since the conflict between Palestine and Israel expanded forex news :: view details »

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The dollar depreciated in the markets ahead of scheduled housing data for tomorrow projected to show further weakness in the housing market while investors remain highly sensitive to any data from the housing sector as this was the start of the down forex news :: view details »

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