Commodity Chart Of The Day: Crude Oil

 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.                                                    ...

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Dollar down; triple-dip recession fears sink pound

By William L. Watts and Carla Mozee, MarketWatch LOS ANGELES (MarketWatch) — The dollar slipped versus most major rivals Tuesday, while the British pound tumbled after dismal U.K. industrial production figures underlined fears of a triple-dip recession. The ICE dollar index ...

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Cross Assets Analysis Suggests That A Weaker EUR/USD Is A Done Deal

The disconnect suggests that the EUR/USD should be around 1.28. The problem is, gold already sent several wrong signal in October and December 2012. Any negative feelings on the EUR/USD should be accompanied by a similar vision (bearish) on the S&P 500. The correlation is good, as can be seen in the chart below, and the disconnect is only recent and limited. Continue read ... click follwing http://seekingalpha.com/article/12...

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G20 exchange rate policies need to be better aligned: U.S. official

MOSCOW (Reuters) - There is better understanding among Group of 20 nations that the foreign exchange rate systems of the world's largest economies need to be better aligned, a senior U.S. administration official said on Saturday after G20 finance leaders met in Moscow. While the Group of Seven industrialized countries - the United States, Britain, Italy, Germany, Japan, France and Canada -...

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Yen Falls 2nd Day as Abe Urges BOJ on Inflation Target

The yen weakened for a second day and neared a 2 1/2 year-low against the dollar after Prime Minister Shinzo Abe urged Bank of Japan (8301) Governor Masaaki Shirakawa to double the central bank’s inflation goal. Shirakawa said yesterday the BOJ was in close cooperation with the government, raising speculation policy makers will boost stimulus when they meet Jan. 21-22. Japan’s currency...

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Shenhua Energy Leads China Coal Stocks Lower as Equities Swing

Chinese stocks swung between gains and losses as declines by energy companies overshadowed gains by industrial companies. China Shenhua Energy Co. and China Coal Energy Co. led coal producers lower. China Cosco Holdings Co. (601919), the world’s largest operator of dry-bulk ships, advanced 1.8 percent as better-than- estimated export data raised speculation demand for marine transport...

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Noble to Lift Aspire Stake to Increase Mongolia Coal Shipments

Noble Group Ltd. (NOBL), Asia’s biggest listed commodity supplier, agreed to boost its stake inAspire Mining Ltd. (AKM) and to help fund the explorer’s railway in northern Mongolia as seeks to expand coal shipments from the nation. The Hong Kong-based trader will pay A$2.8 million ($2.9 million), or 8 cents a share, to increase its holding to 15 percent from 10 percent, Perth-based Aspire...

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