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Crude Oil Falls Below $101

posted by JayP 1353 days ago in USD, Oil made popular 1353 days ago

Oil plunged again on Thursday and threatened to cross below the key $100 a barrel mark. Light sweet crude for October settlement closed at $100.87, down $1.71 on the session. Prices dipped as low as $100.10 in mid-morning trading.

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Dollar Rises to One-Year High Against Euro on Global Outlook

posted by JayP 1353 days ago in USD, GDP made popular 1353 days ago

The dollar rose to a one-year high against the euro on signs global growth is slowing, and the yen strengthened on speculation investors will sell higher-yielding assets funded by loans in Japan.

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CNBC: Don't Rule Out Another Fed Rate Cut This Year

posted by odell 1353 days ago in USD, Special, Inflation made popular 1353 days ago

Though there’s virtually no chance the Fed will change interest rates at its meeting next Tuesday, there’s a growing likelihood it will make subtle changes in the language of its policy statement, placing greater emphasis on the risks to growth t

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MOT #56 - Small Steps Lead to Better Things

posted by wiredprg 1360 days ago in Trading Psychology made popular 1353 days ago

Don't forget to check out the new Mind of a Trader blog!http://www.tradingpostfinancial.com/mot-------It is always easy to hesitate, to slow down or to even quit.However, many of us might be looking at situations and ...

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MOT #57 - Don't Let Fear Conquer You

posted by wiredprg 1360 days ago in Trading Psychology made popular 1353 days ago

Don't forget to check out the new Mind of a Trader blog!http://www.tradingpostfinancial.com/mot-------Fear is a very powerful emotion and in trading it can lead us to large errors if we allow it to do so.If we truly u...

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MOT #58 - You Will Never Get Wet Unless You Jump In

posted by wiredprg 1360 days ago in Trading Psychology made popular 1353 days ago

Don't forget to check out the new Mind of a Trader blog!http://www.tradingpostfinancial.com/mot-------We all can probably remember a time early in our life when we were standing on the edge of a pool or a boat dock and being enco...

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Bernanke: Financial crisis taking toll on economy

posted by odell 1373 days ago in USD, Special, Inflation made popular 1371 days ago

Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability

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Crude Crushes the Dollar; Financials Threaten

posted by jkgreen 1373 days ago in USD made popular 1373 days ago

Oil prices are above $120 a barrel on geopolitical tensions and fears that Tropical Storm Fay will make landfall for the third time, which is an extremely rare occurrence.

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Pound Plummets As Growth Stalls, Euro Follows Suit

posted by JayP 1373 days ago in USD, EUR, GBP made popular 1373 days ago

The pound reversed yesterday’s gains after the second reading for 2Q GDP was flat. After reaching as high as 1.8797 during the U.S. session the sterling dropped over two hundred points to 1.8573. Growth in the U.K. was unexpectedly revised lower

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BoJ Minutes: Downside Risks Increase For Economy

posted by MarcB 1373 days ago in JPY, GDP made popular 1373 days ago

The Bank of Japan's board of governors agreed that the U.S. economic slowdown and heightened instability in equities markets have increased the downside risks to Japan's economy, monetary policy meeting minutes from July 14 and 15 revealed on Fri

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U.K. Economic Growth Stagnated in Second Quarter

posted by odell 1374 days ago in GBP, Fundamental, GDP made popular 1373 days ago

The U.K. economy stagnated unexpectedly in the second quarter, ending the nation's longest stretch of economic growth in more than a century.

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Japan's trade surplus falls 86.6 percent in July

posted by odell 1374 days ago in JPY, Fundamental, Trade made popular 1373 days ago

Japan's trade surplus in July fell 86.6 percent from a year earlier as spending on imports grew because of higher prices for oil and other commodities, the government said Thursday.

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