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Crude Oil Inventories Drop For Fifth Straight Week

posted by fxmasta 1340 days ago in Oil made popular 1339 days ago

Crude oil inventories fell for a fifth straight week, according to data released Wednesday by the Energy Information Administration. Gasoline stocks were also sharply lower. Crude oil prices dipped modestly after the report but remained significa

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Gold Bull Market Trend Forecast

posted by pippinallnite 1340 days ago in USD, Technical, Gold made popular 1340 days ago

The powerful break above the $850 previous high is a clear trigger that signals a significant rally, initially targeting the next high of $989. However, despite the increase in volatility, gold's most recent action has seen gold retrace to back b

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U.S. home prices down 0.6% in July

posted by pipsmgee 1341 days ago in USD, Fundamental, Housing made popular 1339 days ago

Even as Washington debates a massive rescue plan to cure the housing market's ills, the government reported Tuesday that U.S. home values declined 0.6% in July.

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Oil Falls First Time in Week on Concern Over U.S. Bailout Pl

posted by maximumpips 1341 days ago in Oil made popular 1339 days ago

Crude oil fell for the first time in a week on skepticism that a U.S. government bailout plan for financial companies will bolster economic growth and fuel consumption.

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Crude Oil Drops Below $108

posted by fxmasta 1341 days ago in Oil made popular 1339 days ago

Crude oil dropped on Tuesday as November takes over as the front-month contract. Light sweet crude moved at $107.88, down $1.49 on the session. Prices hit as low as $106.07 in earlier trading.

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Commodities Should Profit from the Bailout Plan

posted by trade2win 1342 days ago in Gold, Oil, Metals

The actions of this last week will go down in history as the end of the U.S. as an economic superpower. I realize that’s a harsh view to take. And I love this country dearly. But the writing is now on the wall. The regulators—SEC, Treasury, Feder

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Oil Rises for Fourth Day as U.S. Bailout Plan May Spur Deman

posted by maximumpips 1342 days ago in Oil

Crude oil rose for a fourth day in New York on speculation the U.S. government's proposed $700 billion rescue plan for the finance industry will spur demand.

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GFT Daily Market Commentary

posted by wiredprg 1353 days ago in Daily made popular 1353 days ago

Forex Market Commentary for September 12, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar encountered choppy trading on Thursday amid volatile equity and oil prices, while everyone is looking for the resolve of the new...

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Get a Life

posted by spoonman 1353 days ago in Trading Psychology made popular 1352 days ago

Olympic athletes are not superstars forever. Similarly, professional athletes have their prime and then they retire. So spending one’s youth building up skills makes sense since there is a “critical period” in life to make one’s mark. But traders

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ECB's Papademos Says Europe Likely to Avoid Recession

posted by fxhottie 1353 days ago in EUR, GDP, Inflation made popular 1353 days ago

European Central Bank Vice President Lucas Papademos said the economy is likely to escape a recession and there are signs higher energy costs are driving up wages on a broad front.

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BoE says it can't give banks long-term support

posted by nancypants 1353 days ago in GBP, Fundamental, Inflation made popular 1353 days ago

Bank of England governor Mervyn King warned Thursday that planned money market reforms by the central bank will not provide long-term assistance to banks facing tougher lending conditions, arguing that was a government responsibility.

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Gold Falls Below $750 on Dollar's Surge; Silver Plummets

posted by nancypants 1353 days ago in USD, Gold, Metals made popular 1353 days ago

Gold fell below $750 an ounce, marking the longest slump in eight years, as the dollar's surge reduced demand for the precious metal as an alternative investment. Silver dropped to the lowest since June 2006.

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