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Oil prices below $78 as Fed meetings conclude
June 23, 2010As analysts and investors await the Federal Reserve’
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Gold sets new record high over $1,260
June 18, 2010As soon as investors think it is safe to invest in growth opportunities and more risky plays, economic concerns pop up somewhere in the world. The US is still trying to figure out if it is truly in economic recovery mode with job worries remaining and Europe is burdened with debt-ridden economies. The same has [...]
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Euro stabilized as worst credit fears subside
June 17, 2010The Euro appears to be relatively stable this week, with a current rate of $1.2304. It actually reached a Wednesday morning (June 16) high of $1.2355 before receding a bit in the mid morning trade. At its high point for the day, the Euro was up nearly five pips over its long-term low of $1.1876 [...]
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Was That The Best Exchange Rates We Will Get This Year?
June 15, 2010With the currenct sharp bounce on the Euro and British Pound we have to now be asking the question, will we get better rates of exchange this year compared these recent low levels? Or is there further weakness to come? For the Europeans we are heading fast into holiday season, and with that time comes [...]
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Despite poor retail sales, oil prices near $75
June 11, 2010US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s. US jobless claims numbers helped encourage investors this [...]
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Mortgage rates extremely low as interest rate policy tension mounts
June 9, 2010The average interest rate for a conventional 30-year fixed loan in the US is a remarkably low 4.82 per cent Wednesday (June 9) morning, compared to a 4.91 per cent average rate on Wednesday of last week, according to the Bankrate.com survey of mortgage lenders from across the country. A 15-year fixed loan offers an [...]
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Dollar gains on Euro as rate hike talk picks up
June 7, 2010The Euro has fallen to levels not seen since the first half of 2006 against the dollar as talk of pending interest rate hikes pick up in the United States. One Euro is currently worth $1.2058 after falling as low as $1.2017 in early Friday (June 4) morning US trade. The next important level of [...]
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Euro in wait-and-see mode
May 29, 2010The Euro remains in a vulnerable position with a lot of economic and environmental factors affecting Europe, Asia, and US markets. One Euro is currently worth $1.2313 in mid-day Asia currency trade. The significant debt crisis affecting European economies including Greece, Spain, and Portugal, has impacted the Euro the most in the last few weeks. [...]
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Oil prices back above $73
May 27, 2010Crude oil prices climbed significantly early Thursday (May 27) morning in New York Mercantile electronic trading. After dipping below $70 for a few days thanks to European troubles and the BP oil spill, oil has returned to the $73 level based on speculator expectation for positive US economic news. While the top kill effort to [...]
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Euro gains as Germany finalizes support package
May 21, 2010German lawmakers have moved very quickly to officially put into a place a loan assistance package for debt ridden European Union countries. Citing the growing despair in the marketplace, German leaders noted that making the support package official was important to concerned consumers and investors. For its part finance ministers in the Union met Friday [...]
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Oil prices, European currencies fall
May 19, 2010Oil prices have dropped below $70 per barrel for light sweet crude as the Euro and British Pound are both getting crushed amidst the mounting pressure from the debt crisis that has hit many major European economies. As Greece, Spain and Portugal headline the growing list of countries in Europe that are seeking assistance, facing [...]
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Gold soars to new high on global concerns
May 14, 2010Growing concerns about the value of more risky investments in light of the economic crisis in much of Europe and continue issues in the US and other parts of the world have prompted another run up in gold prices. The early 2010 pullback in gold did not last long as gold pushed to a new [...]
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Oil below $80 after Euro fall
May 7, 2010Crude oil prices have been sinking this week with the plunge in the Euro resulting from serious concerns over the credit worthiness of major European economies including Greece, Spain, and most recently, Portugal. One barrel of crude oil fell $1.88 to $75.23 in mid-day New York Mercantile Exchange trade Friday (May 7). This is quite [...]
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Euro implodes as economic concerns intensify
May 6, 2010As leading European economies are being singled out one by one by Moody’
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Can the housing market grow with no tax credits?
April 30, 2010Home buyers have been frantically trying to close deals as April ends and two major tax credits that have benefitted new and repeat buyers cease Friday (April 30). Some top housing market experts and economic analysts have questioned just how much the credits have helped boost jumps in new and existing home sales in recent [...]
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Dollar mixed after Fed leaves rates unchanged
April 29, 2010The Fed concluded its Board meeting Wednesday afternoon (April 28) by announcing that it was leaving interest rates unchanged with the key funds rate near zero per cent. The announcement is not surprising given most of the Central Bank leaders’
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Dollar shines after upbeat unemployment and housing news
April 23, 2010Two very positive reports on the economy Thursday (April 22) morning have helped strengthen the dollar against major currencies and commodities. Home sales were relatively strongly during the month of March and last week’
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Dollar wins as $18 billion jobless benefits bill becomes law
April 16, 2010The dollar made gains on Thursday (April 15) against most major currencies and also put a wrap on driving oil prices and gold prices. The dollar’