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Global stocks hit 5-1/2 year lows

HONG KONG (Reuters) - A rout in Asia pushed world stocks to their lowest in 5- years on Thursday, while oil fell to below $53 a barrel and safe havens such as the yen gained as economic data indicated a global recession could get even uglier.

Forex News - Recap of today and preview of tomorrow Nov 20th 08

FXDD Today is now available for download.  The concise one day report, gives a snap shot of the market near the close of trading.  It also gives a picture of the trend of the major economic releases due out over the next 24 hours.  To access the report click on the following link

CLICK HERE FOR FXDD TODAY

Brought to you by Alan’s Forex Blog

Yahoo, T-Mobile announce mobile search deal

SAN FRANCISCO (Reuters) - Yahoo Inc announced an expansion of its mobile Web portals to T-mobile, so its smart phone users who get data will have Yahoo search by default.

U.S. probing Golden West lending, sale: prosecutor

SAN FRANCISCO (Reuters) - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.

Asian Currencies Tumble Lower, Triggering Government Intervention Throughout the Pacific Region

Regional currency intervention has been seen through the day with reports that S. Korea is the latest to intervene with the currency trading to 11 year...

Short-Term Forex Technical Outlook: USD/CAD

Falling oil prices paired with increased demands for the U.S. dollar continues to favor a bullish outlook for the USDCAD, and we may see the pair work...

Overnight Interest Rate Update 11.20.08

Current Yesterday USD 0.43750 0.40000 GBP 3.00000 3.00000 EUR 2.93375 2.97625 JPY 0.53250 0.52750 CHF 0.98333 0.99167 AUD 5.62500 5.75000 CAD 2.55833 2.56667 NZD 6.70000 6.78750

A Drop in U.K. Retail Sales Would Confirm Bearish Pound Technical Outlook

U.K. retail sales are expected to have declined for the second month in a row in October. Economists are predicting that consumer consumption drop 0.9%...

Prospect for auto bailout dims as Senate races clock

WASHINGTON (Reuters) - Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out U.S. automakers would receive enough backing from Democrats to pass before the end of this week.

Identifying Trades with DailyFX 11.20.08

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