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Tag: middle
2008-12-30 13:36:19| FXstreet.com The Foreign Exchange Market
1 minute with ForexSurvivor (30 December US) Latest Impact: The Influence of Middle East Conflict on FX The market will raise a new spook this week not only we have an economic crisis that led to the deterioration of the Global financing system, but also we have to consider the escalating violence in the Middle East [Gaza]. While the former event caused the commodity market and energy market to
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2008-12-30 07:22:10| FXstreet.com The Foreign Exchange Market
Last week the US Dollar continued its decline against the Euro, pinning down at 1.4060 amid glooming prospects to the American economy. US figures re GDP 3Q, -0.5% has proved to be consistent with the shrinking number of jobs, and a growing number of unemployed (586,000 which is 34,000 higher than previously expected). The US Fed is trying its utmost to fight a likely recession but it remains to be seen if cutting down its interest rate to 0-0.25% will make much of a difference in the
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2008-12-30 02:29:39| FXstreet.com The Foreign Exchange Market
Oil Surges on Middle East Conflict 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 before being sold back to $38. USD losses were pared back though as the Dow rallied off lows helping the USD/JPY to reclaim the key 90 level. In U.S. share markets, the NASDAQ was down 19 points (-1.3%) and
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2008-12-28 18:39:22| PMFORUM Breaking News
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