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Forex Trading Terms: Cross Currency
What is a cross currency in FX trading?One of the forex trading terms you may run across is "cross currency." Sometimes, a cross currency in FX trading is referred to as "crosses." In any case, this represents a forex trading currency pair that does...
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Buyout Of Merrill And Bankruptcy Of Lehman Heightens Worry Of US ...
After a weekend in which the deepening US credit crisis sent one top investment bank to bankruptcy court and a second into the arms of a “White Knight” suitor, US stocks yesterday (Monday) recorded their worst day since...
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What Went Wrong With AIG And Wachovia, And What Could Go Wrong ...
It was a rough weekend for the US financial system. Investment banker Lehman Brothers Holdings Inc. (LEH) collapsed and, as I predicted last week, the problems were not confined to Lehman. As Money Morning detailed yesterday,...
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ECB And BOE Inject Billions, Bank of China Cuts Rates As Central ...
Central banks around the world, including the European Central Bank (ECB), the Bank of England (BOE) and the People’s Bank of China, scrambled yesterday (Monday) to shore up liquidity and protect domestic markets against...
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Facts and Figures from the Financial Turmoil
So far this morning, central banks around the world have injected more than $200B in the financial system. Here are the figures: And here are some facts about yesterday’s (9.15.08) price action: USD/JPY - Biggest one day drop in 9 years ...
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Market Update: US Consumer Price Index And Goldman Sachs Earnings
Good morning. The Fed has accepted another $50 Billion in overnight repo’s. The S&P futures are at 1177 right now. Oil prices continue to fall ($91.85), the US dollar declines, USD/JPY is at 103.72 and AIG (AIG) is still in...
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Financial Sage Roubini Warns Of “Slow-Motion Run On US Retail Banks”
Gold and silver rallied Monday as the crisis on Wall Street worsened with gold up $21.70 to $782 and silver up 28 cents to $11.02. Gold fell slightly in Asian trading but has risen in early European trading to $780/oz....
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Looking For Government Help? Here Is The Scorecard
If it were not so serious, it would be amusing. So many who generally believe in free markets and small government are suddenly unhappy whenever there is no government intervention. Whenever we hear a criticism like this, we try to look ... ...
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The Resilience Of American Finance: The Future Growth Of Financial ...
The turmoil in the financial markets will reorganize the financial landscape. But this does not mean the financial industry will shrink dramatically. In fact the current … ...
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Wachovia Daily FX Report
Gain a wider view of the factors behind current economic news with comprehensive analysis and commentary from Wachovia Economic Commentary and Currency Risk Management Groups
Click for the full report.
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New Overnight Developments Abroad: AIG Downgraded and Stocks Tumble Further
Both Moody?s and S&P reduced ratings on troubled AIG, which needs to raise a huge amount of capital today.
Fed and U.S. Treasury have not stepped in to help AIG. Markets are pricing in a 25-basis point Fed ease...
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Market Update from Trade The News
European market
Update: BOE favors slower economic growth to bring inflationary
expectations back to target; ZEW data better on lower oil and softer Euro curency
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ECONOMIC DATA ***
- (GE) August CPI M/M: -0.3% v -0.3%e; Y/Y: 3.1% v
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Forex Market Update
FOMC on tap after one of Wall Street's worst days in history. Will the Fed cut 100 bps?
ECB and BoE hopelessly behind the curve - will they begin to send the right signals soon as inflation likely to move to 0?
MAJOR HEADLINES ? PREVIOUS SESSION
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Forex & Economic Commentary by Lloyds TSB
The turmoil in financial markets is likely to overshadow economic releases today as market participants brace for the Fed FOMC rate decision tonight and the press statement of the Bank’s assessment of events of the last 48 hours in the US...
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Dukascopy Daily Forex Overview
On Monday, the dollar hit a two-month low against the yen as turmoil on Wall Street sent stocks plunging and led currency investors to unwind risky carry trades funded by the low-yielding yen.
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