Biggest Fall in Oil Since 2004

After worries that growing tensions between Russia and the US over Georgia could degenerate into a war led to higher prices this week there has been a big reversal, a fall in the price of oil of 5.4%. Conversely, the dollar is up."Crude oil prices fell more than 5.4 percent...

Russia investors flee after conflict

"Investors have pulled funds out of Russia at the fastest rate since the country's 1998 debt crisis, in the wake of the conflict with Georgia, official figures have shown.Official figures from the Central Bank of Russia showed yesterday that the country's foreign exchange...

Beware the sucker’s rally in the US dollar, buy gold and silver « Peter J....

The bullish crowd from Wall Street would have us believe the dollar’s fall is over and that stabilization at two per cent interest rates will spark a rally after eight months of falling rates. It would be nice to think this is true. But the dollar is going to $2 per euro...

HSBC on Currencies « Peter J. Cooper’s Weblog

The Federal Reserve Bank lowered interest rates by 25 basis points to 2.00 percent on Wednesday and left the door open for further easing, which helped to put pressure on U.S dollar against major currencies, as investors were expecting that FED may pause in its easing...

U.S. Stocks in for a shock today

This just came in and it doesn't look pretty. "LONDON (AP) -- European and Asian markets tumbled and Wall Street headed for a sharply lower opening Thursday as Carlyle Capital appeared close to collapse, the dollar plunged against foreign currencies and oil hovered near...

Technical Analysis Spotlight: American International Group Ticker Symbol AIG

In these dark and gloomy days of rampant bears, it is rare to find a buying opportunity, more so among financials. American International Group (NYSE ticker symbol AIG) may just be the odd man out. Here’s why. If you draw a trend-line joining the lows of 1998-10-08 and...

Unrest, Asian growth and speculation explain $100 oil: analysts

"Oil prices have quadrupled in five years, propelled by geopolitical tensions, surging demand from Asia and new buying interest from investment funds, analysts say. The weakening US dollar, which fell again on the foreign exchange market on Wednesday, is also to blame because...

Oil prices gain slightly in quiet Asian trade

"Jason Feer, of energy market analysts Argus Media Ltd, said that with New York floor trading closed there was "thin volume, and no real news that would've drawn people in." Crude oil prices have surged by about 64 percent since the start of 2007, supported by supply...

New blow to dollar amid U.S. growth fears

"The dollar sank Thursday, with the euro rising above $1.40 for the first time, a significant milestone in its gradual decline against other major currencies across the globe over the past six years."this is really innovative,r

US Home Sales Lowest in 18 Years

US existing home sales fell by the largest magnitude in 18 years in March (down 8.4%), and US consumer confidence fell...

US Service Growth Cools Down Further

Another piece of USD-negative data. US ISM non-manufacturing report showed the weakest level of expansion since the 50.7 reading in April 2003, the employment number was the weakest since July 2004, while prices..

US New Home Sales Lowest Since 2000

The catalyst today in the forex market was US new-home sales, which unexpectedly fell in February, falling a second month in a row to the lowest level since 2000 as the housing sector showed more weakness. Sales of single-family homes decreased by 3.9% to a seasonally...