UNITED STATES

FX Summary - Mar 25

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A fresh bout of weak US economic data undermined the recent recovery in the dollar, pushing the currency beneath the 2-level against the sterling and falling past the 1.56-mark versus the euro. The reports revealed further deterioration

Gold once again on track

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By Jon NadlerNew York spot gold was up most of the morning and was showing a $10.00 gain at last check, quoted at $920.00 per ounce, as participants treaded lightly and awaited mid week economic statistics
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US to become a major exporter of coal in 2008

Commodity Online NEW YORK: Steady demand from utilities and surging global demand for coal will push up prices of coal in United States, the one fossil fuel the country has in abundance.
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Commodity Prices may be Down, but not Out

Commodity prices falling almost as fast as they rose this year raise questions again on the wisdom of investing in such markets, but those in the game for long will say it's worth it, a market researcher said. Some are asking if commodity prices in general had gone up too high, too fast, leading to a bubble.
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Gold prices decline but above 1 month lows

Commodity Online SINGAPORE: Gold prices declined but stayed above a 1 month low hit the previous day, while Tokyo's precious metals futures tumbled amid declines in commodities markets.
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Gold Drops, Heading Towards One Month Low

Gold futures dropped sharply on Thursday, sliding further after their worst one-day drop in nearly two years, as a broad sell-off in commodities such as crude oil continued, spurred by dollar strength and further interest rate cuts.
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U.S. stocks gain as inflation fears ease

U.S. stocks gained on Thursday as declining gold and oil prices eased inflation concerns, while an analyst said more mortgage purchases by Fannie Mae and Freddie Mac will help stabilize the home-loan market causing them to surge for a third day on hopes they will stabilize the housing market.
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How far away is US recession

By Adrian AshBarely a generation after the worst recession in US history, backing labor over capital like this and thereby nabbing labor's far weightier vote meant JFK got to kick Richard Nixon around at the ballot box
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What's wrong with gold and silver mining stocks

By Adrian AshCentral bankers destroy the value of cash first with sub inflation interest rates, and then with unlimited credit aimed at bailing out bad investments across the banking sector
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Crude Oil Falls $6 after Fed Rate Cut, Weak Demand

Crude oil had its biggest decline since December 1994 on Wednesday, falling more than $6 per barrel after the Federal Reserve cut interest rates yesterday and a report today stated demand in the United States dropped.
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This Week In Petroleum - Mar 19

With crude oil prices over $100 per barrel and cold weather in many parts of the country driving up demand, heating fuel prices have been setting new record highs. With residential prices from the beginning of winter to mid-March
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U.S. Stocks Drop, Financials Gain

U.S. stocks dropped on Wednesday, failing to extend the market's best day in nearly five years led mainly by energy and mining companies as oil dropped more than $4 a barrel while gold fell the most in nearly two years.
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FTSE plunges following Bear Stearns sale

The FTSE 100 dropped a staggering 217.3 points down to 5,414.4 points (minus 3.9 per cent) on Monday following the shock sale of US bank Bear Stearns to rival JPMorgan Chase. The index finished at its lowest point since late 2005.
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Japan Stocks Recovered 12,000 Line

Japan stocks recovered 12,000 line Wednesday due to eased concerns for U.S. economy and a weaker yen after an overnight equity surge on Wall Street. Securities, iron and steel, high-tech issues were soared while oil companies and some insurance issues decreased.
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Gold silver gain in Asian trade

Commodity Online TOKYO: Gold s plunge in the US did not affect its futures in Asia as it gained along with silver on Wednesday.
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Oil futures rise on Fed cut impact

Commodity Online NEW YORK: US Feds decision to cut lending rates had its impact in crude futures as it soared Tuesday and end a little above 109 US dollars.

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