Crude Oil at 1-Year High
October 22, 2009 8:07 am by Greg HoldenCrude Oil finally reached its 1-year high mark yesterday with a closing price just over $81 a barrel. With little bearish news emerging from US inventory data yesterday, traders reattached themselves to the USD and equities, while buying into commodities ...
New Zealand Interest Rates and OPEC Meetings Today
September 9, 2009 10:20 am by Natalie R.There are two important events happening in today's trading. The first is the sudden drop in value of the USD yesterday and the subsequent corrections we may see today. The second is the break-through past the $1000 resistance level for ...
CAD Movements During the Week
August 28, 2009 11:54 pm by Natalie R.The Canadian dollar strengthened the most in 2 weeks versus its U.S. counterpart, reversing an earlier decline as Crude Oil and stocks erased losses and rose. The currency, nicknamed the loonie, appreciated 0.8% to C$1.0885 per Dollar, from C$1.0973 yesterday. ...
CB Confidence Could Solidify Week’s USD Trends
August 25, 2009 10:00 am by Natalie R.As world stocks leveled off yesterday, currencies felt mixed results. Summarizing yesterday, we can say that the GBP lost, the EUR gained, the JPY gained more, and the USD was mixed. These trends may crystallize after today's CB Consumer Confidence ...
