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Daily Forex Commentary November 12
Australian Dollar: Another day, another 3-cent range for the Australian Dollar which opens at 0.6577. Not helping the local unit was yesterday's release of the NAB monthly business survey for October which revealed the lowest level of confidence
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Further Weakness in GBP on Poor Housing Numbers
U.K. home sales slumped for the month of October - declining to the lowest level in three decades while home prices continue to fall. Last week the Bank of England cut the benchmark interest rate to 3% - the lowest since 1955, in an effort to boo 7
Daily currency analysis - Nov 11
The Euro pushed stronger in Asian trading on Monday and looked to extend the gains in Europe with a peak near 1.2930. 5
Reality Hits Oil Market, Dollar Could Benefit
Even though the lack of meaningful US economic data has kept the US dollar in flux, there is one commodity that is continuing to grind lower. Oil prices fell to the lowest level in 20 months as exporters wake up to reality that crude prices may s 11
The Economic Crisis and Its Aftermath: A Detailed Analysis
Since this is a political season, and with the economic crisis, I think everyone in finance understands there is a sort of “silly season” that ensues. We certainly noted the sort of irrational behavior that would immediately make an economist que 7
European markets likely to open lower on weak global cues
The major European markets are likely to open lower due to the negative lead from the rest of the global markets. 10
Gold Rallies as Goldman Sachs Share Price Crash
Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed. Oil and most commodities were somewhat higher on news of the Chinese $0.6 trillion stimulus injection while the dollar was flat and the pound fell again (rea 10
A somber day, a somber USD.
The Recession word is being thrown about as liberally as bailout monies for companies like AIG. Imagine a 1/5th of what the Chinese is proposing to stimulate its economy is being earmarked for one insurance company. Headline losses are staggering 
