Key Economic Events Taking Place Next Week
April 6, 2012 1:40 pm by ElliotThere will be a number of economic events expected to stir up the financial markets in the second week of April. The reports include the U.S and Canadian Trade Balance,U.S consumer price index,Bank of Japans Rate Decision and monetary policy,Federal Budget ...
Crude Oil Drops Over Worries of Strategic Supply Release
April 2, 2012 1:37 pm by ElliotCrude Oil prices dropped further today as there has been some speculation over strategic supply releases.The Price of Crude on NYMEX fell 0.5% to $102.48 per barrel, cancelling out the modest gains made during the Asian trading session.
Crude Oil Weekly Outlook
March 26, 2012 12:35 pm by ElliotCrude Oil prices remain high even though we did not see too much movement throughout March.The main issue affecting crude oil prices are the tensions between Iran and the West,which to this day remain all but over. The global oil supply ...
Price of Crude Oil On the Rise
February 13, 2012 11:27 am by Dan EduardAfter a brief dip in value last week, the price of crude oil rose back up this morning. Fears regarding the possibility of Greek austerity measures not being passed drove prices down toward the end of last week. With the ...
EUR Comes off Two-Month High to Close Out Week
February 10, 2012 1:03 pm by Dan EduardThe EUR/USD came off a two-month high today, following fresh concerns that Greece could soon default on its debt. The pair spiked as high as 1.3322 yesterday, after Greece reached a deal on austerity measures late in the European ...
Russian Ruble Advances from Gains in Crude Oil
October 12, 2011 4:53 pm by Greg HoldenA sudden surge in crude oil values yesterday brought about resurgence in a recently-weakened Russian ruble (RUS). The value of the RUS was brought down by strong dips in global stocks last week as traders sought the safety of more ...
German GDP Supports Euro while Sterling Struggles
May 13, 2011 1:12 pm by Russell GlaserOn the back of stronger than expected German GDP data the euro found support as did commodities and European Equities prior to the US CPI release.
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 ...
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 ...
