U.K. GDP sank 0.6% not annualized last quarter, five times faster than U.S. GDP. Such was the worst outcome in 71 quarters yet will look mild compared to what fourth-quarter and 1Q09 figures are likely to show. British personal consumption (-0.2%) w forex news :: view details »

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Existing home sales declined 8.6% in November to a 4.49 million annual pace, the national Association of Realtors (NAR) said today. For the year, sales dropped 10.6% after averaging 5.67 million in 2007. The median price dropped 13.2% to $181,300 fr forex news :: view details »

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Final revised figures show a 0.51% annualized drop of real GDP in the third quarter, as a negative 3.54 percentage point (ppt) drag from personal consumption (off 2.75 ppts) and investment (-0.79 ppts) was mitigated by net exports (+1.15 ppts), gove forex news :: view details »

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This week started with currencies trading within tight ranges, as Christmas Holidays took the stage and thin trading conditions are the theme from now until next week! The EUR/USD attempted to correct its Friday losses, by making a move to the upsid forex news :: view details »

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The Euro Zone Current Account report headlines the economic calendar in the coming session, with all signs pointing to a sixth consecutive monthly decline in annualized trading terms. Economists forecast that 2008 will mark the first year in seven t forex news :: view details »

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For whatever reason, US interest rates at the front of the curve have rallied sharply over the last couple of days from a low close to 60 bps last week. The US yield curve is flattening as yields at the long end of the curve were crushed over the la forex news :: view details »

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In narrow ranges in light pre-Christmas trading Monday, the greenback declined versus the euro but advanced against the yen. Sterling dropped against the dollar and fell to a record low on a trade-weighted basis, following Bank of England Deputy Gov forex news :: view details »

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U.S. Dollar Trading (USD) traded in a range against the majors but still managed to make small gains. Oil continued to fall but gold and copper gained on the news that China cut rates by 27bps. US Stocks fell but equity markets have been experiencin forex news :: view details »

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Warnings have begun that U.S. long-term interest rates will turn higher by the second half of 2009, possibly significantly, under the weight of massive government deficit spending. This of course did not happen in Japan, so a brief review of that ec forex news :: view details »

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Except for the pound, the majors advanced against the dollar during the overnight session. The market still moved a little slow in the European session, as was the case in the Asian session, due, in part, to today's light calendar. That trend contin forex news :: view details »

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In volume terms, exports plunged by an astonishing 14.5% m/m in November. This is the largest monthly drop in exports ever recorded since Japan started compiling this data in 1975. Import volumes fared better in November and only declined 2.3% m/m. forex news :: view details »

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Overall, except for the pound, the majors advanced against the dollar during the overnight session. The market still moved a little slow in the European session, as was the case in the Asian session, due, in part, to today's light calendar. forex news :: view details »

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