Crude Oil prices dropped further today as there has been some speculation over strategic supply releases.The Price of Crude on NYMEX fell 0.5% to $102.48 per barrel, cancelling out the modest gains made during the Asian trading session.
Crude Oil ende…
Forex (Currency)
Crude Oil Drops Over Worries of Strategic Supply Release
April 2nd, 2012Euro Up as EU Boost Firewall
March 30th, 2012Good news for the 17-nation currency as Europe’s finance ministers met today to discuss a possible increase in the rescue fund.As a result of the meeting, European stocks extended the biggest first-quarter gains since way back in 2006 and the Eu…
Precious Metals Outlook
March 29th, 2012Prices of both gold and silver steeply declined during yesterday’s trading and therefore cancelling out the gains made in the beginning of the week.The price of the yellow metal fell on Wednesday by 1.61% to $1,660 while silver also showed a dec…
Euro Back Up While Gold Sinks
March 28th, 2012 Even though we saw the U.S Dollar show some gains over the Euro during Wednesday’s trading, news out of the Euro-zone has been comforting for the 17 nation currency.
The Euro was 0.4% shy of a one-month high after European finance ministers are …
Aussie Dollar Falls Whilst Greenback Sees Gains
March 28th, 2012 A drop in Chinese equities saw the Australian dollar fall to a new year low.
The Aussie Dollar dropped 0.7% to $1,0375 right back to the rate it was traded at the beginning of the year.China, the worlds second largest economy receives a large amount o…
Precious Metals Outlook For Today
March 28th, 2012 Both Gold and Silver rallied during Monday’s trading after showing quite calm price movements last week.However, the two metals did not do much during yesterdays’ trading, and both Gold and Silver are currently traded down.
The price of go…
Sharp Rises for Gold and Silver
March 27th, 2012 For the second consecutive business day, both Gold and Silver saw sharp gains, reducing the overall losses the two metals have experienced throughout March.
The key report that may have been responsible for the sharp gains in the bullion market was Fe…
Aussie Dollar Falls on Chinese Growth Concerns
March 27th, 2012The Australian Dollar weakened against all of its 16 Major counterparts due to concerns over the pace at which China’s economy will grow, reducing demand for smaller nation’s commodities.In other words, a slow down in China’s economi…
Dollar Takes A Hit After Bernankes’ Speech
March 26th, 2012The dollar fell and the euro hit its highest point in almost 4 weeks after Federal Reserve Chairman Ben Bernanke voiced some doubts regarding the pace of job creation in the United States, this could perhaps mean that the central bank could still re…
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