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Moneylet.com where you decide financial news!
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Stability at Low Altitude
robert 17 hours ago (via fxstreet.com)
U.S. Review Stability at Low Altitude This week’s data suggest that the economic dive that goes by the alias “double dip” remains a low probability outcome. This view is reinforced by policy presentations suggesting that any future weakness would be met with further monetary easing. The roots of the current negative sentiment are found in the disappointing economic and jobs outlook relative
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Calm week ahead for U.S. markets amid lack of fundamentals
robert 17 hours ago (via fxstreet.com)
The U.S. economy will be kicking off its week on Tuesday, as Americans enjoy the Labor Day holiday on Monday, while this week has little to offer, since few fundamentals will be released from the world’s largest economy, and the data due to be released this week won’t change investors’ perspective over the outlook. The start dear reader will be with the Federal Reserve Bank’s Beige Book, w
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London Gold Market Report
robert 17 hours ago (via fxstreet.com)
Gold "Steals Silver's Limelight" at $20/Oz as Economic Uncertainty Boosts Precious Metals Investment THE PRICE OF GOLD in wholesale dealing held in a tight range around last week's close as New York re-opened after the Labor Day holiday on Tuesday, trading at $1247 an ounce while European stock markets fell and government bonds rose. Silver fell almost 2% from Monday's breach of $20 an ounce – a
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China economic growth to slow to 8.2% in Q4
robert 17 hours ago (via fxstreet.com)
Asian Market Update: Equities bid on improved risk-appetite following better than expected US jobs reprot As of 12:30amET: - Nikkei225 +1.5% - S&P/ASX +0.5% - Kospi +0.4% - Taiex +0.9% - Shanghai Composite +1.0% - Sept S&P Futures +0.2% at 1,105 - Oct Gold -0.1% $1,248/oz - Oct Crude oil -0.4% $74.27/brl - Dec Wheat -0.1% at $7.40 Economic Data - (AU) AUSTRALIA AUG TD SECURITIES INFLATION
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Tipped over the edge
robert 17 hours ago (via fxstreet.com)
Note: this report was prepared before the 7.1 magnitude earthquake that struck the Canterbury region over the weekend. Please see our Bulletin “Shaky isles” for our assessment of the economic impact of this event. We have shifted our forecast to no change in the OCR in September and October. Nearly all economists are now picking a pause next week, and interest rate markets are pricing only a o
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Straddle-seller sees range-bound shares for Avanir Pharmaceuticals
robert 17 hours ago (via fxstreet.com)
AVNR - Avanir Pharmaceuticals, Inc. – Shares of the pharmaceuticals firm fell as much as 9.6% this afternoon to an intraday low of $2.64 on news the company filed for a mixed shelf offering for up to $75 million. Options volume on the stock surged late in the session after one strategist sold a straddle in the December contract. The short straddle suggests the trader expects AVNR’s shares to t
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Bulls feed on Tyson Foods, Inc. call options
robert 17 hours ago (via fxstreet.com)
TSN – Tyson Foods, Inc. – Call options on the food products company are a hot commodity this morning for bullish players positioning for a near-term rally in the price of the underlying shares. Tyson Foods’ shares rallied as much as 1.7% at the start of the session to an intraday high of $16.31. Shares of the producer and distributor of chicken, beef, pork, prepared foods and other products
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The Last Chapter
robert 17 hours ago (via fxstreet.com)
In this issue: The Last Chapter Let's Look at the Rules Six Impossible Things Killing the Goose This week you will get a kind of preview as this week's letter. I am desperately trying to finish the first draft of my book and am one chapter away from having that draft. I have promised my editor (Debra Englander) that she would see a rough draft next week, and the final version will be delivered on
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EMU: Retail sales rise for the 3rd straight month
robert 17 hours ago (via fxstreet.com)
US: payrolls show upward surprise in August According to the official payrolls report, US employment fell by 54 000 in August, significantly less that expected, while also the previous two figures were considerably upwardly revised (from -131 000 to -54 000 in July and from -221 000 to -175 000 in June). All revisions taken into account, the payrolls were 174 000 above expectations. While the outc
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Focus on Australia as Labor PM Gillard retains govt in 76-74 final split
robert 17 hours ago (via fxstreet.com)
Asian Market Update: Focus on Australia as Labor PM Gillard retains govt in 76-74 final split; RBA on hold, more cautious on 2011 growth in US and EU As of 2:00amET: - Nikkei225 -0.8% - S&P/ASX flat - Kospi -0.2% - Taiex -0.1% - Shanghai Composite -0.4% - Sept S&P Futures -0.01% at 1,103 - Dec Gold flat $1,251/oz - Oct Crude oil -0.3% $73.88/brl - Dec Wheat +0.5% at $7.45 Economic Data - (
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