New Year’s economic resolutions

December 30, 2009 | Comments Off

Heading into the new decade, it appears as though some big changes could be in store for the economy, stocks and several other major financial sectors and investments. The dollar appears primed for a major upward move, which would effect the trend in many speculative investments including currencies, oil, gold, and more. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Dollar surges against Euro, Pound

December 23, 2009 | Comments Off

The dollar has fallen back slightly Wednesday (December 23) morning against major global currencies after disappointing news on the home sales front. However, the dollar still remains relatively strong in the short and medium term against its major European competitors. Read more

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Oil slides back toward $74

December 18, 2009 | Comments Off

As temperatures plummet with the winter months in many parts of the US, some speculators appear to be expecting increased crude demand to result. Benchmark crude oil prices were up $1.22 to $73.87 in early Friday (December 18) morning trade on the New York Mercantile Exchange. Read more

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Dollar remains near two month high

December 16, 2009 | Comments Off

The US dollar fell back a bit Wednesday (December 16) morning as analysts believe the Fed is likely to leave its key interest rate at zero. New data on consumer prices show little change after 10 months of increases, suggesting inflation is not a big enough concern at this point to warrant an immediate rise in rates. Read more

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Auto and gasoline sales help boost November retail growth

December 11, 2009 | Comments Off

Despite initial reports from many retailers that the start to the holiday season has been relatively sluggish, the Commerce Department reported Friday (December 11) morning that retail sales climbed by 1.3 per cent in November. This follows a 1.1 per cent boost in retail performance during October. Read more

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Oil down near $70

December 9, 2009 | Comments Off

After failing to cruise past the $80 level in recent weeks, crude oil has drifted lower toward the $70 mark. A report Wednesday (December 9) that indicated an unexpected drop in US crude supplies helped push the price of a barrel of crude oil back above $73 a barrel in early morning trade Wednesday. Still, oil remains relatively low in the near-term. Read more

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$2,000 gold is coming

December 4, 2009 | Comments Off

The price of an ounce of gold continues to remain above $1,200 after reaching a new all-time high at $1,218.25 to start the final month of 2009. In early Friday (December 4) morning trade, the spot rate for gold is $1,205.40. Read more

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Japanese yen reaches 14 year high against dollar

December 3, 2009 | Comments Off

The US dollar continues to find major low points to reach against major foreign currencies and other speculative investments. Gold is now over $1,200 with some top analysts calling for a quick move through the $2,000 level in the near future. Oil remains near $80. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

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