Archive for 'Forex News'
The Price for a Barrel of Crude Oil Drops beneath $46
Posted on04. Dec, 2008 by admin.
Crude Oil prices have continued to fall since the beginning of the week, and have now dropped beneath $46 a barrel. It was recently reported that fuel demand in the U.S. has dropped 7.9% further than this same time period last year, causing the psychological wheels to turn faster and faster. The price of $40 [...]
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OPEC May Cut Production in December
Posted on03. Dec, 2008 by admin.
The price of Crude Oil fell a small amount during yesterday’s trading session and closed just under $48.00 a barrel. Oil suffered a sharp drop in price during the last several months. It went down almost $100 from the record high seen in mid-July as the growing global economic crisis lowered demand in the United [...]
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Crude Oil Prices Shrink as OPEC Delays its Decision to Cut Production
Posted on02. Dec, 2008 by admin.
Crude Oil prices descended bellows $49.00 a barrel yesterday after the Organization of Petroleum Exporting Countries (OPEC) delayed their decision on new supply cuts until later this month. Crude prices have tumbled since July as the economic crisis reduced demand in the United States, and other large energy consuming nations. Following their meeting last week, [...]
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Non-OPEC Producers asked to Lower Crude Oil Output
Posted on01. Dec, 2008 by admin.
As anticipated, the Organization of Petroleum Exporting Countries (OPEC) has asked that non-OPEC Oil producing countries, such as Russia and Mexico, to reduce production in order to contain the downward moving price of Crude Oil.
Prior to the close of trading last Friday, the price of Crude Oil jumped $3.00 a barrel to end the trading [...]
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American Economy Takes Center-Stage
Posted on03. Oct, 2008 by admin.
Economic News
USD
All eyes look to the U.S. House of Representatives as the $700 billion bailout plan, passed in the Senate yesterday, is put forward for a second round of voting. This bill was killed the first time it reached the House since congressmen were not yet in agreement over the various stipulations included in the [...]
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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 [...]
