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 […]

Tuesday’s stock market may offer reasons to buy - March 11, 2009 13:14

One of the common adages of investing is that market tops are developments and market bottoms are events. If Tuesday’s nearly 6 per cent Dow spike and 7 per cent NASDAQ climbs are any indication, the “big event” may have occurred Monday when the Dow dropped to 6,547. But was it really the bottom?

Hope Now: Once More, with Feeling - March 7, 2009 11:45

“Any house bought for ‘No Money Down’ should become a no money home, a free gift to the debtor. How’s that for putting a floor under prices…?”

US automakers back in the news - March 6, 2009 11:00

General Motors and leading banks sent another major ripple through US equities Thursday. GM warned of a possible bankruptcy which was not welcomed news given that the company has already received a significant amount of bailout funding. The company says that it is burning through cash so quickly that it might not be able to […]

Gold Bounces as Stocks, Oil & Euro Show Strong Correlation - March 4, 2009 16:10

THE SPOT PRICE of physical gold rose Wednesday lunchtime in London, cutting yesterday’s 2.6% loss in half as world stock markets also bounced hard.

Dollar gaining on Euro and Pound - March 4, 2009 10:36

The dollar has made a surge against the Euro and Pound, along with several other major currencies, in the last few days. Even as the Dow fell sharply below 7,000 points, closing at 6,726 Tuesday (March 3), the dollar remains poised to break through near-term highs against its European counterparts.