GDP and consumer spending offer hope - November 25, 2009 15:43

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.

Dollar-yen on the brink - November 21, 2009 0:35

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.

Gold tries to hang on to $1,100 - November 13, 2009 19:23

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.

Euro clears $1.50 - November 11, 2009 15:44

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 […]

October unemployment report to spark market - November 6, 2009 9:50

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.

Dollar still looks weak in the short-term - November 4, 2009 15:45

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.

Home sales climb despite drop in mortgage applications - October 28, 2009 20:45

Despite the fact that mortgage applications are falling because of uncertainty about the ongoing potential for first-time home buyer credits, home sales are expected to have risen by 2.6 per cent during September when the report is issued later Wednesday (October 28) morning. This is according to a consensus from Thomson Reuters analysts.

Mortgage rates remain affordable - October 21, 2009 15:36

While most banks aren’t currently offering rates at the historically low levels seen earlier this year, overall, mortgage rates are still very affordable. According to bankrate.com, the national average cost for a 30-year fixed rate loan Wednesday (October 21) is 5.23 per cent, compared to 4.99% one week ago.

Euro and Pound rebound on weak dollar - October 16, 2009 22:34

The same weak dollar that has helped oil break out from a trading range to sit near $77, and gold surge to historic highs well over $1,000, has helped contribute to renewed interest in leveraging other foreign currencies against the greenback.