A decline in US oil stockpiles by 5.3M barrels led to a steady rise in Crude Oil prices yesterday. As of this morning, the price for a barrel of crude was trading at $90.65. Analysts have forecast...
The euro fell once again yesterday, following concerns that Portugal and Greece might face a credit downgrade within the near future. This also had a positive impact on commodities, especially crude oil, which is now trading near...
The euro traded near a two-week low against the dollar on speculation some European nations and banks will struggle to raise funds amid the region’s debt crisis. The euro also fell to a series of fresh all-time...
Confusion over if and when the Irish bailout will occur, has caused the euro to extend its losses from last week in overnight trading. Against the USD, the 16-nation currency dropped as low as 1.3126 before staging...
A threat by Moody’s to downgrade Spanish sovereign debt sent investors flocking to the dollar which in turn sparked a sell off in gold and silver prices. Crude oil prices were resistant to the commodity selling as...
The unexpected positive movement in the Japanese Tankan survey this morning helped to boost the yen against some of its European rivals in today’s trading, despite its downward movements against the CHF and USD. Traders should expect...
The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. The Fed Statement is expected to provide an assessment of the current economic...
The main topic for this week’s trading session continues to be the European debt crisis. It is now broadly accepted that the Irish financial bailout has failed to calm markets and the possible debt contagion continues to...
The euro traded near its lowest mark in more than a week against the dollar as concerns over Europe’s debt crisis still linger and dampened demand for the region’s assets. The 16-nation currency also headed for a...
The US dollar saw gains against most of its main currency rivals yesterday, as investors chose to focus their attention on the prospect that tax cuts will be extended in the US. The hope is that the...
