One dollar on verge of 100 yen - April 1, 2009 9:06

One dollar currently sits at 99.08 yen and touched 99.49 in early Tuesday evening Asian trade. The upward move for the greenback is an impressive and sharp reversal of a sharp fall off to open the new currency trading week Sunday evening and Monday morning. The dollar fell from around 98.5 yen as trade started […]

Eggertsson Theory, Armstrong and Timing - March 27, 2009 21:03

An Occasional Letter from the Collection Agency. Eggertsson Theory, Armstrong and Timing. Who’s that knocking on the door? Who’s that ringing the Bell? It’s time for another visit by your friendly Collection Agency to offer timely advice and to remind you of his previous excellent record. You should all know by now that the Collection […]

Jobless claims a sign of worsening recession? - March 27, 2009 8:07

There are now more Americans accepting unemployment claims benefits than at any other time in history. According to data Thursday (March 26) from the Department of Labor, there are 5.56 million people now collecting unemployment benefits. This was well above the project number of 5.48 million and marks a new record high of continued jobless […]

Gold “Looks Stable, Downside Unlikely” - March 25, 2009 16:42

THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start.

Stocks pull oil and gas prices higher - March 25, 2009 10:26

Despite a 115 point drop in the Dow on Tuesday (March 24), the stock market continues to ride the wave of a tremendous 2-week rally that has left the blue chip index around 1,000 points higher than its near-term low water mark. Following stocks higher have been the prices of oil and gasoline.

Euro bounces against the dollar - March 20, 2009 11:47

So much for sub-$1 euros. The euro is headed higher against the dollar and made a powerful move Wednesday and Thursday (March 19) as US financial markets centered on the credit sector. Wednesday, the Fed announced that interests would be left near zero per cent, which put pressure on the greenback.

Credit sector back in focus - March 18, 2009 10:07

Stocks continue to ride the wave of a financial sector rebound. After a hesitation on Monday, the market picked back up with a rally that is now about a week long. The Dow gained 179 points on Tuesday (March 17). The main driver of the recent gains has been the battered credit sector.

Gold Slips with Dollar - March 16, 2009 14:19

THE PRICE OF GOLD slipped 1% early Monday in London, falling alongside the US Dollar as world stock markets jumped. By lunchtime in London, the FTSE100 index stood back at this month’s opening level – and more than 9% above the six-year low hit on March 5th – after the weekend’s G20 meeting of leading […]

Oil nears $50 per barrel - March 13, 2009 13:51

With some modest signs of economic life and with a third consecutive day of stock gains that have pushed the Dow higher by over 600 points since Monday, crude oil prices are on the rise. Light sweet crude futures contracts for April delivery climbed $4.70 on Thursday to settle at $47.03 per barrel in New […]