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Chart of the Day - 8/20/2008 - EUR/USD

posted by jameschen 1375 days ago in USD, EUR, Technical made popular 1375 days ago

In what amounts to a continuing low-volatility consolidation in the major pairs, EUR/USD (an hourly chart of which is shown) has formed a short-term parallel downtrend channel

1 Comment

Gold Tumbles to Lowest Since December as Dollar Strengthens

posted by halfwatertest 1384 days ago in Daily

Gold fell to the lowest price since
December as the dollar surged and energy costs plummeted,
eroding the appeal of the precious metal as an alternative
investment. Silver also declined.

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Euro Little Changed as ECB Official Cites Risk of Inflation

posted by halfwatertest 1384 days ago in Daily

The euro was little changed against
the dollar after a European Central Bank policy maker said the
bank remains focused on inflation and traders judged last week's
3.6 percent drop to be excessive.

Discuss

Chart of the Day - 8/11/2008 - EUR/JPY

posted by jameschen 1384 days ago in EUR, JPY, Technical made popular 1384 days ago

Price action on the key EUR/JPY cross (a daily chart of which is shown), has performed a throwback to the downtrend line (represented by the long red line) that it broke in early June.

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Nordic Currencies: Norway's Krone Rises as Inflation Quicken

posted by halfwatertest 1384 days ago in Daily

Norway's krone rose against the
dollar for the first time in five days and advanced versus the
euro as the fastest pace of inflation in 7 1/2 years raised
speculation policy makers will increase interest rates.

1 Comment

USD/JPY Update

posted by jameschen 1384 days ago in USD, JPY, Technical

After the dollar rally of last week, are we finally experiencing a respite in the strong breakout moves on the majors

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Euro Gains, Snapping Four-Day Drop, as ECB Cites Inflation

posted by odell 1384 days ago in USD, EUR, Inflation made popular 1384 days ago

The euro gained against the dollar, snapping a four-day decline, after policy makers said the European Central Bank remains focused on inflation and traders judged last week's 3.6 percent drop excessive.

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Gas prices drop: 24 days and counting

posted by DietSumo 1385 days ago in USD, Retail Sales, Consumer made popular 1384 days ago

The national average price for a gallon of gas slips to $3.818. Only 10 states are above $4 a gallon, AAA finds. Prices slide 15 cents in past two weeks, Lundberg Survey finds.

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Investors eye retail sales, oil this week

posted by DietSumo 1385 days ago in USD, Fundamental, Retail Sales made popular 1384 days ago

If it appears consumers are struggling severely, the recent decline in energy prices might not be enough to sustain a market rally.

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Gold May Extend Drop as Dollar Gains Against Euro

posted by pippinallnite 1385 days ago in USD, EUR, Gold made popular 1384 days ago

Gold may fall for a fifth straight week as the dollar strengthens against the euro, eroding the appeal of the precious metal as an alternative investment.

1 Comment

Oil Falls as Stronger U.S. Dollar Cuts Demand for Commoditie

posted by halfwatertest 1387 days ago in Daily

Crude oil fell below $115 a barrel for
the first time since May as the dollar gained the most since 2001
against the euro, reducing the appeal of commodities as an
inflation hedge.

Discuss

Canadian Dollar Rises Against Majors

posted by halfwatertest 1412 days ago in Daily made popular 1412 days ago

The loonie advanced versus its major counterparts on Monday in New York, including rallying to a multi-week high against the greenback. Today's buying interest came amid increased risk appetite
among investors as the White House and Federal Rese

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