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 ...
University of Michigan (UoM) Report Underlines Growing Pessimism
June 17, 2011 8:51 pm by Greg HoldenThe University of Michigan’s (UoM) preliminary consumer sentiment report, published this afternoon, underlined recent talk of growing pessimism in the American economy by domestic consumers. The report, which is a survey of about 500 consumers, asks respondents to rate the ...
Silver and Gold Prices Slump with Strengthening US Dollar
June 13, 2011 1:26 pm by Russell GlaserCommodities in general are beginning to feel the pinch as weak Chinese economic data combined with declines in equity markets and a strengthening dollar have begun to weigh on both spot gold silver prices.
Dollar Declining as FX Markets Look Past Greek Debt Crisis
May 30, 2011 12:54 pm by Russell GlaserGreece remains the key question going forward though towards the end of last week the debt crisis was beginning to weaken its impact on the FX markets and the euro.
UoM Consumer Confidence Reading on the Rise
May 13, 2011 4:46 pm by Greg HoldenThe University of Michigan (UoM) released its preliminary monthly consumer confidence report this afternoon revealing solid growth in outlook among consumers. This report is a composite index based on surveyed consumers which asks respondents to rate the relative level of ...
Osama bin Laden Killed, Dollar Receives Support as Silver Tumbles
May 2, 2011 9:31 am by Russell GlaserA media frenzy followed the report of the death of Osama bin Laden and traders supported the dollar in overnight trading. Silver prices slid 10% before the commodity recovered after futures margins were increased. UK and many European markets are ...
US Dollar Stabilizes as Britain Celebrates Royal Wedding
April 29, 2011 5:00 pm by Greg HoldenThe price of the US dollar versus a number of its primary currency rivals appears to have leveled off on Friday. The recent plummet brought about by the Federal Reserve’s latest policy statement may still have momentum, but today’s suppressed ...
US Dollar Heading for Recovery, or Further Bearishness?
February 24, 2011 6:34 am by Greg HoldenToday promises to be a heavy trading session, as significant news out of the US is set to create major market volatility. The USD has recently seen some significant losses against its main currency rivals. Whether today's news will help ...
Potential Reversal for NZD/USD
February 16, 2011 8:54 am by Anton EljwizatThe NZD has dropped significantly versus the USD in the past 2 weeks, and it is currently traded around 0.7540. And now as evident in the data below, the daily chart is giving bullish signals, indicating that NZD/USD pair might ...
USD Forecast to Continue Bullish as Market Uncertainty Rises
February 11, 2011 7:00 pm by Greg HoldenWith the US dollar still rising against its primary currency rivals, many expectations appear to point towards a continuation of strength heading into next week. But is this really the case?
