Unrest in Libya Boosts Crude Oil to $99.90
Last week’s most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While...
View ArticleUS Dollar Remains Weak despite Dip in Commodity Prices
This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today’s report on US...
View ArticleCrude Oil Trades Near 29-Month High as Middle East Unrest Continues
As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also being supported by the positive U.S. employment data which was...
View ArticleDollar Falls as Risk Appetite Rises
The euro gained against the U.S. dollar and Japanese yen in late trading Tuesday as stronger Japanese equities prompted investors to buy back the risk-sensitive currency, pushing it further off the...
View ArticleUSD May Turn Bullish Today
Following yesterday’s losses, the US dollar has the potential to stage a bullish correction today providing that this week’s Unemployment Claims figure comes in as predicted. Analysts are currently...
View ArticleUS Dollar gains from reduction in US federal deficit
A positive element to emerge from yesterday’s economic events from the United States was a reduction in the Federal Budget Balance, from a deficit of $150.4B to a deficit of $80.0B. Following this...
View ArticleEUR Dives from Investor Pessimism
The euro’s downturn against its rivals yesterday was brought on at the start of this week’s trading by reduced optimism regarding the EU rescue fund’s expansion. Some analysts were disappointed that...
View ArticleEuro Reaches Two-Month High Against USD
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6% rally in...
View ArticleFurther Bearish Movement Expected for USD Today
The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch of data is expected to show declines in the production,...
View ArticleDollar Rallies on US Employment Data
The dollar was up versus the major currencies following disappointing non-farm payrolls numbers, highlighting the difficulties the Federal Reserve faces in reducing US unemployment. USD Non-Farm...
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