Dollar struggles again after latest job, housing news

January 13, 2010 | Comments Off

Exchange rates have not been favorable for the US dollar in the early part of the week as the greenback has been hit again following disappointing news of late on the job and housing sector fronts. Read more

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Gold price spikes as jobs disappoint

January 8, 2010 | Comments Off

Just when it appeared that the gold price was ready to reverse its long-running and fast-paced upward trend, speculators have begun to jump back in. After falling to a 60-day low of $1,080.50, the price of gold reached its highest point in just over a month at the close of New York trade on January 6th. Read more

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Oil prices back near $82

January 6, 2010 | Comments Off

Oil prices have started the New Year with a bang as the price of a barrel of crude oil currently sits just below $82 in early Wednesday (January 5th) trade on the New York Mercantile Exchange. Read more

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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

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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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