Crude Oil Prices Float in Anticipation of OPEC Meeting
November 28, 2008 1:48 pm by Greg HoldenAnalysts have been ramping up this weekend's meeting between the Organization of Petroleum Exporting Countries (OPEC) as there is a prediction that they will decide on a rather large production cut. Adding to this speculation was a recent statement made ...
Crude Oil Price Slump May Help Consumer Spending
November 27, 2008 2:59 pm by Greg HoldenThe recent financial and economic crisis has generated one of the largest price drops on record for Crude Oil. Climbing as high as $147 a barrel in July, the price of Crude Oil now sits near $50; an almost $100-a-barrel ...
Can China Save Western Capitalism?
November 26, 2008 3:00 pm by Natalie R.It is not a secret that most rich economies in the West are now facing a wide-spread economic recession. The resent financial turmoil that originated in the U.S is spreading now to the European and Asian markets. As the global ...
Crude Oil Expects to Dip below $50 a Barrel by End of November
November 20, 2008 3:07 pm by Greg HoldenOil is currently priced at just below $53 a barrel, down from its high of $147.27 in the middle of July. The price of Crude is set to continue its downward spiral. According to analysts, this is in response to ...
November 2008 US Unemployment Claims
November 19, 2008 3:23 pm by AylonU.S. Unemployment Claims, also known as Jobless Claims, is a survey used to measure the number of individuals who filed for unemployment insurance for the first time during the past week within the United States. It is released on a ...
Does piracy in somalia affect trade?
November 19, 2008 12:07 pm by Greg HoldenRecently we have begun seeing reports of increased piracy in the waters off the coast of Somalia. It seems these pirates have become more brazen in their tactics after successfully seizing a Saudi Arabian super-tanker carrying over $100 million in ...
Preparing For the Next Economic Crisis – Credit Cards
November 18, 2008 2:40 pm by Natalie R.While the United States is still struggling with the mortgage disaster, consumers should look ahead for another economic crisis: credit cards. At the end of last year, U.S. consumers owed more than $961 billion in credit card debt.
ForexYard Helps Explain Why the U.S. Dollar is so Strong
November 18, 2008 2:34 pm by Yan PettersIt has been about 4 months since the USD began appreciating with no apparent stops, and several of our traders are finding themselves a bit confused in light of these radical changes. Let's try to understand what the main reasons are ...
Britain Expects 3 Million Unemployed by 2010
November 18, 2008 1:51 pm by AylonBritain's economy is set to continue its downward spiral into mid-2010. Economists previously forecast that Britain's economy will recover by the third quarter of 2010. However, forecasts have been adjusted due to the worse than previously expected financial crisis that ...
November 2008 US Retail Sales
November 13, 2008 9:23 am by Natalie R.What is the U.S. Retail Sales Indicator? U.S. Retail Sales is a leading economic indicator used to measure the percentage change in the total value of sales at the retail level during the previous month. It is a leading indicator of ...
