Archive for 'Forex Market'
Crude Falls Below $76
Posted on04. Dec, 2009 by admin.
U.S. crude prices fell toward $75.70 a barrel on Thursday as weak U.S. service sector data and rising U.S. oil inventories outweighed losses in the dollar. Data showed the U.S. services sector unexpectedly contracted in November, with an index measuring activity fell to its lowest reading since July and put pressure on U.S. stocks and [...]
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Crude Falls below $77 Following U.S. Inventory Report
Posted on03. Dec, 2009 by admin.
Following the release of a U.S. government report detailing the supply and consumption levels of Oil in America, Crude prices dropped below the $77 mark in trading on Wednesday. The report showed that gasoline supplies rose 4 million barrels, while consumption levels dropped 3.2% from a year ago in the world’s largest energy consumer.
Oil also [...]
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Crude Trades Around $78 Ahead of EIA data
Posted on02. Dec, 2009 by admin.
Crude Oil pared gains on Wednesday to trade almost half a percent lower after industry data showed that U.S. crude stocks rose much more than expected, more than offsetting weakness in the U.S dollar.
Crude gained after reports yesterday showed signs of increased manufacturing output in the U.S. and China, responsible for about 32 percent of [...]
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Crude Oil Prices Up on Improved Economic Outlook
Posted on01. Dec, 2009 by admin.
Crude for January delivery rose $1.23, or 1.6%, to end at $77.28 a barrel on the New York Mercantile Exchange Monday. Further boost to Oil prices came after the Institute for Supply Management Index for the Chicago area climbed to 56.1, the highest level since August 2008. Furthermore, China’s manufacturing growth maintained the fastest pace [...]
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USD Saga Continues
Posted on24. Apr, 2008 by admin.
Economic News
USD
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses. The USD gained almost 0.9% and closed trading around 1.5850 vs. the EUR after it previously dropped to 1.6019, the lowest level ever. The dollar gained after a weak printing of the European [...]
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USD Reaches All Time Low
Posted on23. Apr, 2008 by admin.
Economic News
USD
The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers signaled they may raise Interest Rates due to inflation concerns. The USD extended its drop against the [...]
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US Core CPI On Tap
Posted on16. Apr, 2008 by admin.
Economic News
USD
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses on the back of surprisingly strong U.S inflation and manufacturing data releases. The greenback added 0.35% to its value against the EUR locking the session below the rate of 1.58, after the first [...]
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U.S PPI On Tap
Posted on15. Apr, 2008 by admin.
Economic News
USD
The dollar responded yesterday to Sunday’s opening session by recovering against most of its major currency rivals. What was interesting to see was the small recovery, which was made, despite a day of positive economic figures. At the opening of the market this week the EUR/USD pair opened 150 pip below its closing point [...]
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U.S. Retail Sales On Tap
Posted on14. Apr, 2008 by admin.
Economic News
USD
Last week we saw the return of significant volatility to the Forex market. Amidst fears of Recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became weary of the dollar. The last part of March heading into April saw the greenback swing up [...]
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Interest Rate Announcements Expected For EUR & GBP
Posted on10. Apr, 2008 by admin.
Economic News
USD
Yesterday, the greenback fell to its lowest mark since the beginning of April decreasing sharply against a majority of it’s currency rivals. The EUR/USD pair shot up 150pts yesterday, crossing the key psychological rate of 1.5800 for the first time since the positive ISM Manufacturing Index release on April 1st. Expectations for the near [...]
