Tag Archives: Daily Market Analysis
Oil Prices Decline for 7th Day
Posted on11. Dec, 2009 by admin.
Crude levels declined for a seventh straight day, ending at a two month low Thursday as concerns of oversupply and low demand persist. Light, sweet Crude Oil for January delivery on the New York Mercantile Exchange settled down 13 cents at $70.54, the lowest level since Oct. 7th.
With renewed attention to supply and demand, confidence [...]
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Oil Falls again Despite a Weak Dollar
Posted on08. Dec, 2009 by admin.
Crude Oil continued its decline for the fourth consecutive trading session following Bernanke’s speech and estimations for lower inflation and a weak U.S. economy. The price of Crude ended the day down at $74.14 after an opening price of $75.60. This was a price drop of almost 2%. Today’s weaker dollar may have helped to [...]
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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 [...]
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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 [...]
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FOMC Meeting Minutes on Tap
Posted on08. Apr, 2008 by admin.
Economic News
USD
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the financial crisis might be over, encouraging investors to buy riskier assets. Yesterday, the U.S. currency advanced 0.3% [...]
