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Crude Oil trading high and may reach $70 today

posted by wizardfx 1088 days ago in Oil made popular 1088 days ago

Crude oil traded high in New York on expectations that fuel demand will rise amid signs the global economy is improving.

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U.K. Companies’ Credit Supply Deterioration Slows

posted by wizardfx 1090 days ago in GBP

U.K. companies’ credit supply deteriorated at a slower pace in the past three months and lending conditions may start to stabilize, the Confederation of British Industry said.

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Technical Analysis EUR/USD - May 29, 2009

posted by wizardfx 1093 days ago in USD, EUR, Technical

The battle between bulls and bears reflected on the level of resistance 1.4000 and the trend line on the 1 hour chart, which was won by the buyers yesterday. As a result the trend line support was broken upwards.

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Brown sees UK in Europe's mainstream

posted by wizardfx 1095 days ago in EUR, GBP, Fundamental made popular 1095 days ago

In an article in the Financial Times, Gordon Brown says that the furore over MPs' conduct should not make British politicians "lose sight" of their essential work to tackle issues such as the economy.

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Why Interest Rates Will Go Up

posted by wizardfx 1097 days ago in Special, Inflation made popular 1097 days ago

How much longer can global central banks depress the true cost of money? If the business world has become a riskier place, then the cost of borrowing should be going up.

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U.K. Retail Sales Rose for a Second Month in April

posted by wizardfx 1101 days ago in GBP, Fundamental, Retail Sales

U.K. retail sales rose for a second month in April by more than economists forecast, evidence that the recession’s grip on the economy may be loosening.

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U.S. may lose out on billions as TARP is repaid

posted by wizardfx 1103 days ago in USD made popular 1103 days ago

The race to repay federal bailout money could end up reducing the amount that taxpayers eventually get back.

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AUD/USD Technical Analysis

posted by wizardfx 1108 days ago in USD, AUD, Technical made popular 1108 days ago

The Aussie was sharply lower yesterday after equity markets turned negative following disapointing U.S. retail sales.

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USD/JPY Daily Commentary - May 7, 2009

posted by wizardfx 1115 days ago in USD, JPY, Daily

The USD/JPY is trying to wrestle free of its right shoulder with the S&P running past 900. While the USD/JPY has managed to stay above our 2nd tier uptrend line, the currency pair continues to have issues with our 3rd tier downtrend line.

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EUR/USD Daily Commentary for May 6, 2009

posted by wizardfx 1116 days ago in USD, EUR, Daily made popular 1116 days ago

The EUR/USD’s rally topped out yesterday as we expected, with the S&P futures hesitating at 900 while investors await Thursday’s flood of stress test news and economic data.

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Pound Hits1.51 as Data Improves Markedly

posted by wizardfx 1117 days ago in EUR, GBP made popular 1117 days ago

With Tokyo closed for the second day of the Golden week holidays, it was another lackluster night of trade in the FX markets with profit taking the main theme in EUR/USD which slipped below 1.3400 to hit 1.3320 before rebounding in early Europea

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Canada finance minister sees signs of recovery

posted by wizardfx 1129 days ago in CAD, GDP

Canadian Finance Minister Jim Flaherty sounded an upbeat note on the North American and global economies on Wednesday, saying he detected small signs of encouragement amid all the uncertainty.

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