GDP and consumer spending offer hope

November 25, 2009 | Comments Off

In two days, sentiments on the economy have improved dramatically thanks to a pair of economic reports. Tuesday (November 24), the gross domestic product was said to have risen by 2.8 per cent from the second to the third quarter. Read more

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Dollar-yen on the brink

November 21, 2009 | Comments Off

As the dollar remains weak across the board thanks to renewed concerns about the strength of economy recover, the dollar-yen ratio currently sits just above major long-term support in the 87-88 yen range. Read more

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Gold tries to hang on to $1,100

November 13, 2009 | Comments Off

While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com. Read more

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Euro clears $1.50

November 11, 2009 | Comments Off

Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The same dollar weakness has pushed the Pound back near $1.67, kept oil near or above the $80 per barrel level, and has sent the spot rate of gold soaring past $1,100 to a current rate of $1,115 per ounce. Read more

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October unemployment report to spark market

November 6, 2009 | Comments Off

Friday (November 6), the Labor Department is expected to release date on October unemployment. Forecasts call for 175,000 job cuts during the month, according to a poll of analysts by Reuters.
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Dollar still looks weak in the short-term

November 4, 2009 | Comments Off

With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles