US Inflation Report – 30 April 2009
April 30, 2009 6:31 pm by Yan PettersThose of you who are anxious to earn extra profits before the weekend should focus their attention to the U.S Institute for Supply Management's (ISM's) Manufacturing Purchasing Managers' Index (PMI); also know as the ISM Manufacturing PMI.
Yen Plummets as Economy Improves
April 30, 2009 7:00 am by Dan EduardThe Yen plummeted yesterday against its major currency pairs as the current economic recession in the world's second largest economy seems to be bottoming out. The JPY slid over 60 pips Yen to 97.54 Yen per Dollar as the Yen's ...
EUR Soars Versus the USD
April 30, 2009 7:00 am by Dan EduardThe EUR experienced a bullish day of trading yesterday, mainly due to the European Consumer Confidence figures, showing its first month on month rise in 11 months. This added to the news from across the developed economies from the U.S. ...
Crude Oil Jumps 4%
April 30, 2009 7:00 am by Dan EduardThe price of Crude Oil ascended by $2 or 4% yesterday to $51.44 a barrel. The increase comes despite the higher-than-forecasted Crude Oil Inventories data release. Much of the black gold's bullishness was owed to the weak Dollar and optimism ...
Dollar Drops Against the Majors as Equities Rally
April 30, 2009 7:00 am by Dan EduardThe Dollar recorded an extremely volatile day of trading as a variety of factors helped push up the demand for riskier assets, whilst reducing the demand for safe-haven positions. Equity markets in the U.S. rallied as many companies in the ...
RBNZ Official Cash Rate – April 2009
April 28, 2009 7:55 pm by Dan EduardThis coming Wednesday, 29 April, there is the Official Bank Rate which is set to be released at 21:00 GMT by the Reserve Bank of New Zealand (RBNZ). It currently stands at 3%, one of the highest rates of the ...
US Federal Funds Rate – April 2009
April 28, 2009 7:47 pm by Yan PettersLooking ahead to the most interesting fundamental event expected later on this week – The U.S Interest Rate announcement, also called the Federal Funds Rate.
Halifax HPI Housing Report – May 1 2009
April 28, 2009 12:00 pm by Dan EduardThe figures for the Halifax HPI (also known as the House Price Index, Halifax Bank of Scotland) are set to be released at 8:00 am GMT this coming Friday. These results are set to have a very high significance on ...
Commodities Weekly Forecast – Week of 27 April 2009
April 27, 2009 3:11 pm by Natalie R.Gold Gold, which has registered 4 straight sessions of gains, has risen 5% over the past week and is 8% below an 11-month high above $1,000 hit in February. On Monday, Gold jumped to its highest in almost 4 weeks as ...
European Currency Forecast – 27 April 2009
April 27, 2009 6:39 am by Dan EduardGBP The Pound has faced a tough week of trading against its major currency crosses. This comes about as Britain's Chancellor of the Exchequer delivers his annual budget. As soon as it was released the Pound reacted negatively yesterday. However, as ...
