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FX Market Watch - 04/01/2010

EUR/USD opened lower trading in a limited range during the shortened holiday week. The pair made a weekly high on Tuesday trading up to 1.4457 after release of U.S. housing data from S&P/Case-Shiller showed a 0.4% rise to a seasonally-adjusted 145.36 in October. The index was off 7.3% versus October of last year, slightly worse that the market's -7% Y/Y consensus. Also on Tuesday, European Central Bank Governing Council member and Luxembourg Central Bank head Yves Mersch wrote in a New Year's me...

Daily Forecast - 4/1/2010

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The Australian Dollar opens slightly higher on Monday at 0.8980. Traders squaring up for the New Year kept the Aussie in a tight range last Thursday against its U.S. counterpart.
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Icelanders petition president to veto Icesave bill

Nearly a quarter of Icelandic voters have signed a petition asking their president to veto a bill on repaying $5 billion lost by British and Dutch savers when the island's banks collapsed, organizers said on Saturday.
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Brown calls London meeting on Yemen

Prime Minister Gordon Brown has invited key international partners to a meeting to discuss how to counter radicalisation in Yemen after last week's failed attack on a U.S.-bound plane, his office said on Friday.
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Macro hedge funds tipped for 2010

Hedge funds making big bets on currencies, commodities and equities are favoured by fund selectors in what is likely to be a more testing 2010 after a bumper year for hedge fund returns.
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Five world market themes for 2010

Following are five big themes likely to dominate thinking of investors and traders in 2010 and the Reuters stories related to them.
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UK plays down report Iran directed hostage-taking

The government played down a report on Thursday that Iran masterminded the kidnapping in Iraq of a British man held hostage for more than 2-1/2 years, saying there was no firm evidence of direct Iranian involvement.
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Iceland parliament approves Icesave repayment bill

Iceland's parliament approved an amended bill late on Wednesday to repay more than $5 billion lost by savers in Britain and the Netherlands when the island's banks collapsed during the financial crisis.
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5 reasons to buy Gold

Is it advisable for a gold price of $ 1100 per ounce to buy? There would have been certainly better times in order of the timing. In the past the rising inflation pushed the gold price always upwards. National rescue programs for the global economy cost huge amounts and are financed on credit. The United States and Great Britain have already begun, to finance the new government debts by printing new money.
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Icelandic parliament approves repayment bill

Iceland's parliament approved an amended bill on Wednesday to repay more than $5 billion lost by savers in Britain and the Netherlands when the island's banks collapsed during the financial crisis.
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Daily Forecast - 31/12/2009

The Australian Dollar spent the majority of local trade yesterday above the 89 cent mark before a brief bout of profit taking late Sydney time took the Aussie down towards the low 89's.
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British hostage freed in Iraq

Briton Peter Moore, taken hostage in Baghdad in 2007, has been released alive, the Iraqi and British governments said on Wednesday.
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Cadbury gets three extra days to detail Kraft defense

Britain's Takeover Panel granted confectionery maker Cadbury three extra days to publish 2009 results that could become a key plank in its defense against Kraft Food's hostile 10 billion pound ($15.9 billion) bid.
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Asia stocks fade at year-end

Asian share markets fell on Wednesday as year-end trade dwindled, with profit-taking pulling down shares and bankruptcy worries about Japan Airlines weighing on the Nikkei, while the dollar rose broadly.
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Daily Forecast - 30/12/2009

The Australian Dollar held above the 88 cents mark yesterday as news out of China indicated that economic forecasts would keep pace with expectations in 2010 and that it would maintain stimulus polices currently in place.
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JPMorgan's Dimon complains to UK over bonus tax

JPMorgan Chase & Co Chief Executive Jamie Dimon called British Finance Minister Alistair Darling earlier this month to say Britain's 50 percent tax on bankers' bonuses punishes the bank unfairly, a person close to the bank said.
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GM's Opel 2009 new registrations up 31 pct

General Motors unit Opel said new registrations of its cars rose to the highest level in four years in 2009, when government-backed scrapping incentives bolstered a floundering European auto industry.
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Detroit scare sparks debate on full-body scanners

Technology exists that might have detected explosives hidden in the underwear of a Nigerian man accused of trying to blow up a plane over Detroit, but cost and privacy worries have until now prevented its widespread use.
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Miners drive FTSE up to pre-Lehman levels

Strength in mining stocks helped Britain's top share index recover on Tuesday to levels not seen since before the collapse of Lehman Brothers in September 2008, though banks were weak.
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Pro-government rallies reported across Iran

Tens of thousands of government supporters rallied on Tuesday, state media said, and a reformist party called on Iran's rulers to apologise to the nation two days after eight people were killed in anti-government protests.

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