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Swiss Franc Falls on SNB Announcement
The Swiss franc lost ground to most of the major currencies today, after the Swiss National Bank announced that it would maintain current interest rate levels. The Bank noted that it was seeing more &... Read More
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US Trade Deficit Closes as Imports Decline
The US Commerce Department said today that a 6.6. percent decline in imports in January, resulted in a reduction of the US trade deficit to $37.3 billion, from $39.9 billion in December. A dramatic re... Read More
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Canada’s Largest Bank Says Economy to Grow 3.1%
The Royal Bank of Canada – the country’s largest financial institution – released a report today predicting that Canada’s economy will grow by 3/1 percent this year, followed b... Read More
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China to exit stimulus plans?
Governor Bollard from the RBNZ stated last night that they do not anticipate ‘hiking interest rates until mid-year’. With the SNB this morning, the market will be focusing on their policy on FX interv... Read More
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FSA Requests Additional Stress Testing
Britain officially emerged from its two-year recession in the final quarter of 2009, but a recent communiqué from the country’s main financial regulator, suggests that a return to recession is not out... Read More
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A Reader…
Of course it’s fake, but I wonder who exactly had the Photoshop time to make it? I did not do it! SHARETHIS.addEntry({ title: "A Reader…", url: "http://www.michaelcovel.com/2010/03/10/a-r... Read More
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UK Industrial Output Declines 0.4%
Further evidence to the weak pace of recovery in the UK came today in the form of the latest industrial output figures. For the month of January, output unexpectedly fell by 0.4 percent compared to th... Read More
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China Records 46% Increase in Exports
China recorded a remarkable 46 percent increase in exports in February compared to the same month one year ago. The actual result was considerably higher than the earlier predictions of 35 to 40 perce... Read More
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Greek’s woes passé?
The market has been grasping at straws with little data to use as fodder, especially in the North American trading sessions. Risk-on, risk-off has been moving on hearsay. China may decouple the Yuan f... Read More
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Greek’s woes passé?
The market has been grasping at straws with little data to use as fodder, especially in the North American trading sessions. Risk-on, risk-off has been moving on hearsay. China may decouple the Yuan f... Read More
