Asian bourses have ended trading, hitting four-month lows as weaker US data added to rising worries over Europe. Commodities and their currency sensitive pairings are not immune to the surround sound of contagion fears. Gold has been able to dig itself out of Mondays bear market trap, ending on a…
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RBA Rate Cut Squeezes AUD
RBA Rate Cut Squeezes AUD
Asian bourses have ended trading, hitting four-month lows as weaker US data added to rising worries over Europe. Commodities and their currency sensitive pairings are not immune to the surround sound of contagion fears. Gold has been able to dig itself out of Mondays bear market trap, ending on a…
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Speculators’ Bet On EUR’s Fall Hit A Near Record High -CFTC
Speculative traders on the Chicago Mercantile Exchange set a near record high for their bet on the EUR’s fall, data from the Commodity Futures Trading Commission showed on Friday.
Traders increased their open short EUR position by 18% from a week earlier to reach a net of $ 27.7 billion – near the…
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Monetary Policy Week in Review – 19 May 2012
The past week in monetary policy was relatively quiet on the interest rate front, with just Iceland changing rates; adding 50 basis points to 5.50%, and Chile’s central bank holding its interest rate unchanged at 5.00%. Outside of monetary policy decisions there was monetary policy committee…
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Manhattan Penthouse Sale At Luxury Tower Sets Record
The deal is the second this month to break a record as trophy apartment hunters clamor for a limited number of units in New Yorks ultra-luxury market. Howard Marks, chairman of Oaktree Capital Group LLC (OAK), paid $ 52.5 million for a duplex at 740 Park Ave., the most ever for a Manhattan co-op,…
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Stocks Log Worst Week in 2012; FB Closes Flat
Stocks closed near lows Friday, with all three major averages posting their worst weekly drop this year, as investors were cautious ahead of the weekend amid fears over the euro zone and as euphoria over Facebook’s trading debut faded.
Facebook eked out a tiny gain after fighting to stay in posi…
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Sterling Gets Trapped In The Euro Vortex
Like Dorothy, sterling appears to have been swept away by a tornado.
And this one is called the euro.
Rather than being viewed as a safe haven for investors seeking refuge from the problems of the euro zone as it has been for many months, sterling is now being closely allied with the single …
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French President Hollande says he makes growth a key issue at the G8 meeting
BREAKING
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