Forex Trader Top 3: Dollar Bulls, U.S. Productivity Incline,
On Tuesday, Kansas Federal Reserve President Thomas Hoenig made specific comments towards inflation - and the potential need for rate hikes - to an audience in Denver, Colorado.On Tuesday, non-farm business productivity growth exceeded expect
Oil Prices Soar, DOE Ups Price Predictions
As crude oil prices soar to new records, the U.S. Department of Energy is predicting the price of a gallon of diesel will average close to $4 per gallon in 2008, and Democrats in the U.S. Senate are proposing measures to address the situation.
ECB's Trichet warns again on inflation, high energy prices
European Central Bank chief Jean-Claude Trichet stressed again Thursday that inflation was a longer term problem for the 15-nation eurozone and said people should get used to higher energy prices.
Trichet Holds His Hawkish Tone Despite Ongoing Financial...
Less than an hour after the European Central Bank announced the benchmark rate would be held at 4.00 percent, President Jean Claude Trichet delivered his usual commentary to an attentive public.
Dollar slips after ECB, BOE hold rates steady
The dollar was modestly lower early Thursday, losing ground to the euro and the pound after both the European Central Bank and the Bank of England stood pat on interest rates.
Euro rallies from 2-month low vs dollar on Trichet
The euro rebounded from a two-month low against the dollar on Thursday, after the European Central Bank left interest rates unchanged and its president focused more on inflation than some had expected.
Pound higher as Bank leaves rates on hold
The pound pulled higher from a 10-week low against the dollar on Thursday after the Bank of England left UK interest rates on hold following its monetary policy committee meeting.
Crude Extends Record High With Afternoon Rally
Oil surged in the late afternoon and again extended its record highs. Light sweet crude for July delivery closed at $123.69, up 16 on the session. Oil touched as high as $124.57, taking out its daily highs reached in overnight transactions.
Forex Trader Top 3: Crude Topping and AIG Trading Outlook
Crude has spiked to $125 a barrel, the trade could be nearing a short-term top.AIG (AIG | news | PowerRating | PR Charts ) reported dismal first quarter earnings - with a loss of $7.8 billion - due to massive losses of credit derivatives. To
Dollar down as credit market concern rises
The dollar fell on Friday as another round of credit market losses prompted investors to reduce exposure to risky assets and heightened concern about the health of the U.S. economy.
Bank of Japan “”extremely watchful” of risk
TOKYO — Bank of Japan Gov. Masaaki Shirakawa said Monday that the central bank is now focused on threats to Japan's economic health, reaffirming sentiment that the country's low interest rates won't be raised any time soon.
Pound boosted as British producer prices surge
LONDON (MarketWatch) - A record surge in a gauge of wholesale inflation pressures boosted the British pound Monday, while the dollar rose against most other major counterparts on signs of "verbal intervention" by U.S. officials seeking to boost t


