Crude Oil Prices Float in Anticipation of OPEC Meeting
Friday, November 28th, 2008 Posted in Commodities, Crude Oil | 1 Comment »Analysts 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
Thursday, November 27th, 2008 Posted in Crude Oil, Market Analysis | No Comments »The 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?
Wednesday, November 26th, 2008 Posted in Asian Markets, Currencies | 2 Comments »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.
Crude Oil Expects to Dip below $50 a Barrel by End of November
Thursday, November 20th, 2008 Posted in Commodities, Crude Oil | 3 Comments »Oil 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
Wednesday, November 19th, 2008 Posted in Indicator Reports | No Comments »U.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 Affect Oil Prices?
Wednesday, November 19th, 2008 Posted in Commodities, Crude Oil | No Comments »Recently 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
Tuesday, November 18th, 2008 Posted in Market Analysis | No Comments »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
Tuesday, November 18th, 2008 Posted in Currencies, Market Analysis | No Comments »It 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
Tuesday, November 18th, 2008 Posted in Currencies, Market Analysis | No Comments »Britain'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
Thursday, November 13th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »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 ...
G20 Urges Free Trade: A Step in the Right Direction
Tuesday, November 11th, 2008 Posted in Market Analysis | No Comments »It creates a sigh of relief to see countries around the world taking steps to ensure liquidity and, more importantly, increase trade. One of the primary fears of many economists is that a major exporting nation, such as the United ...
Silver Slips by Unnoticed
Tuesday, November 11th, 2008 Posted in Commodities, Market Analysis, Silver | No Comments »With all the excitement surrounding the financial crisis, silver has taken a back seat in the commodity-trader's consciousness. But quietly, behind the scenes, silver bullion is being increasingly accumulated by savvy investors around the world.
Bank of England Shocks Markets with Rate Cut
Tuesday, November 11th, 2008 Posted in Market Analysis | No Comments »Times look to be difficult for Britain. On Thursday, the Bank of England (BoE) made an extraordinary move, slashing their base lending rate by the largest amount since 1981.
Dollar Gains; Will it Hold?
Tuesday, November 11th, 2008 Posted in Currencies, Market Analysis | No Comments »Since the beginning of September, the Dollar has made hefty gains on the EUR, the Pound, and emerging market currencies. As the world's financial markets began to unravel, the Dollar started to head higher. Investors pulled money from emerging markets ...
October 2008 Non-Farm Employment Change Report
Thursday, November 6th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »The U.S. Non-Farm Employment Change, also known as "Non-Farm Payrolls" (NFP) and the "Employment Report," is a monthly economic indicator used to measure the change in the number of employed people, excluding the farming industry. Each month the Current Employment Statistics ...
Nuevos Saltos en el Petróleo
Thursday, November 6th, 2008 Posted in Analisis en Español, Commodities, Crude Oil | 1 Comment »Los precios del petróleo influenciado por el panorama financiero actual, han registrado valores muy variables en las ultimas horas. Estos acontecimientos han sido provocados por factores tales como: el debilitamiento de la moneda estadounidense a través de recortes de las ...
A New Member to the EUR?
Thursday, November 6th, 2008 Posted in Currencies, Market Analysis | No Comments »The Euro may have a new addition soon. The Danish government is pushing for a public referendum to allow the country to join the European Monetary Union.
Aussie Dollar to Continue Rising
Thursday, November 6th, 2008 Posted in Currencies, Market Analysis | No Comments »Despite early reports that the AUD was preparing for a significant downward price spike, traders are beginning to see a reversal. With a larger than forecasted rate cut from 6.00% to 5.25% analysts were predicting a drop in value for ...
The Canadian Dollar in Today’s Market
Thursday, November 6th, 2008 Posted in Currencies, Market Analysis | No Comments »The Canadian dollar closed 2% higher against the U.S. Dollar on Monday as traders felt the currency's steep October slide left it at more attractive levels. The rise by the Canadian dollar came on the heels of an 11.6 % slide ...
The Middle East and Oil (part 3)
Wednesday, November 5th, 2008 Posted in Commodities, Crude Oil | 1 Comment »So what is the third impact on the price of Crude Oil brought about by Middle Eastern conflict mentioned in Part 2? The answer is speculation. Now understand that investors speculate on almost anything that can, will, or might happen ...
The US Election vs. EU Talk of Reform
Tuesday, November 4th, 2008 Posted in Currencies, Market Analysis | No Comments »What effect do the elections in the United States have on the market compared to the impact of the decisions being made in Europe about covering the financial crisis and implementing reform across the European financial system? The answer: confidence, ...