Dow Jones Tussles With April Highs as US Dollar Begins to Retrace - May 11, 2018 16:38

After a mixed to down first quarter the Dow Jones index and US stocks are back on the rise. The Dow Jones price has gained over 1000 points since the low in early May, and is now sitting exactly at the April highs as the middle of the month passes. The US Dollar finally gave […]

Initial Unemployment Claims Soar, Gold Plunges on Open - November 15, 2012 23:27

Let it not be said that rain or snow or a big freaking Hurricane will stop the U.S. government from issuing economic statistics on time regardless of the quality or even existence of data to calculate.  Such was the case this morning when the initial unemployment claims for the week were released and the number […]

Alcoa Kicks off Earnings Season While Tech Slumps - October 9, 2012 23:29

Alcoa (NYSE:AA) is the bellwether of bellwethers as it is the first major U.S. corporation to report.  A good report from Alcoa is usually a pre-requisite for a good earnings season.  Excluding one-time charges Alcoa earned $0.03 per share on significantly higher than expected revenues of $5.83 billion.  Fundamentally, commodity prices are going to be […]

Single Currency recovers as Euro Bonds Stabilize - November 18, 2011 23:49

The euro recovered on Thursday as the investors were optimistic on stabilization of euro bond yields. The yield on the Italian 10-year government bond fell back to 6.81 percent from 7 percent in reaction to which the euro touched its intraday high of 1.3540. However, the Spanish government‘s 10-year bond still traded above the yield […]

Crude Oil gains on Tuesday in reaction to Bullish Stock markets - August 24, 2011 23:58

Crude oil futures surged on Tuesday in reaction to performing US stock markets. Crude oil futures for October delivery jumped 1.2 percent or $1.02 to settle at $85.44 per barrel on New York Mercantile Exchange. London’s Brent crude for October also surged 0.9 percent or $0.95 to $109.31 per barrel on ICE Futures exchange. Stock […]