Canadian Housing Sector Anticipating Sharp Downturn
June 7, 2011 1:16 pm by Greg HoldenThe agency Statistics Canada yesterday published a report on Canadian building permits which revealed a sharp monthly downturn in the approval rating for the construction of new buildings. The data is also suggestive of a decline in applications for the ...
Sterling and Spot Silver Make Gains
May 25, 2011 1:16 pm by Russell GlaserA drop off in risk overnight fueled by rumors of a crack election in Greece faded as the day went on but the euro continues to trade lower. Sterling was bid this morning as was spot silver with markets awaiting ...
Corn Price in Steep Decline as Supply High, Demand Low
May 17, 2011 1:26 pm by Greg HoldenThe price for a pound of corn fell from its recent nominal high of $7.83 to a current price of $6.96 after reports showed supply for the commodity above expectations. Alongside the supply figures was also an estimate showing a ...
Euro and Silver Comes Off of Lows as Markets Look Towards US Inflation Numbers
May 13, 2011 7:47 am by Russell GlaserYesterday’s late bounce in the euro and silver continued this morning after German and French GDP numbers showed strong growth in the two largest EU economies. All eyes will now turn to US inflationary data that could show increased food ...
Dollar Correction Continues to Build Strength with Declines in Silver
May 12, 2011 1:48 pm by Russell GlaserThe rally in the dollar continues to build on last week’s gains as silver prices have fallen below last week’s low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen ...
Commodities Move Sharply Lower on Euro Decline
May 5, 2011 8:53 pm by Russell GlaserThe euro is in a free fall versus the dollar following a speech by ECB President that was absent of the typical wording to prepare markets for an interest rate hike. The pause in ECB tightening fed into risk aversion ...
Silver Plunges Creating Potential Buying Opportunity
May 3, 2011 8:45 pm by Russell GlaserIn a volatile New York trading session the EUR/USD tested the 1.4900 level and the USD/CHF fell to a new all-time low. Spot silver plunged lower but may have created a buying opportunity. Tomorrow US unemployment data will be released ...
Swedish Krona Top Performer, Oil Dip Weighs on Norway’s Krone
May 3, 2011 7:11 am by Greg HoldenLittle appears to be rumbling on the surface in the currency world of Scandinavia since last week. Sweden still dominates the forex market with record gains against all of its currency rivals. Norway has been growing steadily as oil ...
USD/CAD Rebounds as Election and Oil Price Dip Weigh on CAD
May 2, 2011 6:47 pm by Greg HoldenThe North American currency pair, USD/CAD, has rebounded from its recent three-and-a-half year high of 0.9445 to currently trade near the 0.9500 mark. Monday’s elections in Canada have pushed and pulled investors and speculators into and out of the Loonie ...
Crude Oil Prices Dip, Silver Rebounds
May 2, 2011 12:36 pm by Russell GlaserA quiet European trading session has been highlighted by a decline in crude oil prices following the announcement of Osama bin Laden’s death. Spot silver prices rebounded after the commodity sold off after an increase in margin requirement fueled profit ...
