Crude Oil Surges on Renewed Supply Cut Fears
February 27, 2009 12:27 pm by AylonCrude Oil experienced a sharp rise in prices yesterday as the Organization of Oil exporting Countries (OPEC) signaled it may be ready to make more supply cuts in the future. The price of Crude Oil jumped close to 5% yesterday ...
GBP Moves on British Bank Bailout
February 27, 2009 12:21 pm by AylonThe GBP appears to have offered some stability in Thursday's trading. This comes about as Britain announces its most recent banking bailout. Yesterday, the British government unveiled a plan to protect banks from future losses related to bad debt. The ...
U.S. Budget Deficit Set to Hurt the Dollar
February 27, 2009 12:19 pm by AylonPresident Barack Obama's announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow constant daily developments ...
Crude Oil Jumps Above $43 a Barrel
February 26, 2009 9:44 pm by Natalie R.Crude Oil climbed 6% to above $42 a barrel on Wednesday, after a U.S. government report showed a sharp drop in gasoline inventories in the world's top consumer.
German Economy May Prove to be EUR Positive
February 26, 2009 10:17 am by Natalie R.The German economy is the largest economy in the Euro-Zone and carries one of the largest impacts on the EUR, this region's primary currency. As such, Thursday's release of various data regarding the German economy could prove today to be ...
Existing Home Sales Report – January 2009
February 25, 2009 3:11 pm by Greg HoldenThe U.S. Existing Home Sales report is a leading economic indicator used to measure the number of already existing homes that were sold during the previous month. This report predominantly acts as a precursor for other housing reports, such as ...
Yen Declines against Dollar and EUR
February 24, 2009 11:37 am by AylonThe Yen recorded losses against all of its major currency crosses in yesterdays trading. This came about for several reasons. Primarily among them is that Japan's economy continues to decline at an alarming rate as the global recession continues to ...
European Currency Declines on Deepening Recession
February 24, 2009 11:32 am by AylonThe EUR declined as fears about an accelerating recession in the Euro-Zone took its toll in Monday's trading. The EUR recorded losses against most of its currency pairs, which was also compounded by Wall Street's record drop yesterday. The European ...
Dollar Rises as Wall Street Tumbles
February 24, 2009 11:31 am by AylonThe Dollar rose against its main currency pairs in yesterday's trading while Wall Street recorded some big losses. The Dow Jones dived by a massive 250 points, reaching a 12-year low.
The Aussie Dollar: Is the Bottom Dropping Out?
February 23, 2009 7:33 pm by Natalie R.Asian Market Forecast, February 2009 JPY: The Japanese currency dropped to a six-week low against the Dollar on Wednesday on growing concerns about a steep contraction in Japan's economy and after the Obama administration released a plan to tackle the U.S. housing ...
