Dollar under pressure as crude surges to new high
The dollar slipped against most major rivals Friday, after crude oil surged to another record and more bad news emerged from the financial sector.
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
Economy still weakening, data expected to show
"The economy is far from being 'out of the woods,'" wrote Brian Bethune and Nigel Gault, economist for Global Insight. The economic indicators in the coming week will show "an economy that is still struggling."
Six Signs of a Range Bound Market
Here are several cues I rely upon in gauging a possible range day. Not all of these are present on all of the days, and not all of these pertain to yesterday
Yen under pressure as equity markets trade higher
The yen traded lower across the board as markets' risk appetite picked up with equities trading higher and bond yields falling.The Japanese currency has fallen ever since stocks in Asia turned higher overnight, with European and U.S. equit
Gold Futures Slip; Dollar Is Mixed
Gold prices slipped Monday as the greenback strengthened and speculators trimmed their holdings.Benchmark bullion futures were down $6.10 at $879.70 an ounce in recent action on the Comex division of the New York Mercantile Exchange. Over tim
Crude oil hits new record above $126, then pulls back on
NEW YORK (AP) - Oil prices briefly spiked to a new record above $126 a barrel Monday but later retreated as investors cashed in profits and a massive earthquake in China raised the possibility of a drop in demand.
Dollar Rally Runs Out of Gas
After reaching 1.5283 in early Wednesday trade the dollar rally ran out of gas for the rest of the week as uber hawkish Jean Claude Trichet dismissed any possibility of near term rate cuts causing a quick short covering rally in the EURUSD.
Gold ends lower, as traders eye dollar, crude moves
Gold futures closed lower Monday, pressured by some strength in the U.S. dollar and a retreat in oil prices, but the precious metal held its ground above the $880-an-ounce level after gaining more than 3% last week


