september 2008 equities fall sharply

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Closing Market Recap: Equities Fall Sharply as Negative Sentiment Grows

(CEP News) - Fear has gripped every sector of the financial market as one negative report after the other has taken its toll on equities, which closed below key support levels today.The Dow Jones Industrial Average ended the day down 3.8%, while the S&P 500 ended the day down 4.5% and the NASDAQ closed down 4.2%. The Dow Jones industrial average closed down 241 points to 7609, the S&P 500 closed down 38 points to 789 and the Nasdaq closed

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Greenback up Sharply as Swine Flu Fears Mount

The U.S. dollar is up sharply on the back of a swine flu pandemic sparking fear around the globe.On Sunday, the World Health Organization called the deadly swine flu a stage three pandemic, having infected individuals from around the world who travelled to Mexico. Mexico has attributed 103 deaths to the virus, but no one has died outside of the country. Cases have been reported across Europe, Asia, the United States and Canada.U.S. equity market futures are

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USD/JPY fell sharply

FXstreet.com (Jakarta) - The USD/JPY fell sharply on surging risk aversion. The Japanese government downgraded Japan?s growth outlook and Larry Summers warned that the US economy will continue to deteriorate with sharp declines in employment for quite some time. The stock market took Summers? warning in stride and the Dow fell 51 points to 8,025. After breaking its uptrend last week, the USD/JPY is trading in a downward sloping trading channel. ?There are resistance at the 98-handle and support from

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Bernanke Says Fed Will Give Long Term Forecasts, Has Exit Strategy

(CEP News) - The Federal Reserve will start releasing longer five- to six-year forecasts in FOMC minutes, including long-term inflation forecasts, Fed Chairman Ben Bernanke said on Wednesday.In the near term, he said there is little risk of high inflation.Speaking to the National Press Club in Washington D.C., Bernanke touted the effectiveness of unconventional measures recently taken by the Fed and also the Fed's preparedness to exit them.He said the Fed took on

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U.S. Preview: Bernanke Testimony to be Closely Watched for Inflation Target

Federal Reserve Chairman Ben Bernanke's two-day testimony to the U.S. Senate and the House of Representatives, which begins Tuesday, will be closely-watched for any new revelations on government programs to rescue the U.S. economy.Most economists say Bernanke's testimony may not hold much new information last week's speech and Q&A session with the press as well as the release of minutes from the Jan. 28 Federal Open Market Committee meeting. Still, Bank of Tokyo-Mitsubishi economist Ellen Zentner said

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04/09/2008 - Eurusd - Probable Top Sur Le Dollar Index

Bonjour à Tous !Les niveaux importants du Jour:R3 : 1.4670R2 : 1.4615R1 : 1.4550Actuel : 1.4482S1 : 1.4430S2 : 1.4380S3 : 1.4350Commentaire: La paire reste bien orientée suite aux propos de M. TRICHET. Il est maintenant probable qu'un top soit en place sur le dollar index, laissant présager le début d'une correction daily sur l'euro

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Vers Un Libre Flottement Du Cours Du Rouble

Depuis le mois de février, le rouble s'est repris sur le marché des changes après avoir atteint des plus bas au cours de l'automne. La reprise du rouble face au panier « euro-dollar » a été l'occasion inespérée pour les responsables politiques russes d'afficher leurs ambitions : rappelons en effet que le président Medvedev envisage

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Will Euro Begin A New Down Trend?

The wave E was extended as the alternative showed. A strong candle down today is a break of the uptrend with a high in 1.2329. This need to be confirmed with to more waves down, as the active pattern require.Elliott Wave Analysis

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Forex - Dollar fell as US jobless rate surged and Crude Oil jumped to new highs

US crude oil futures jumped more than $10 per barrel to $139.12 high per barrel, sending stocks on Wall Street tumbling around 3 percent. The drop in equities pushed the Dollar lower versus the Yen and Swiss franc.The Dollar fell on Friday as an unexpected surge in the US jobless rate, 5.5% in May from 5% in April, revived fears of a deep

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