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Import prices spiked 2.8 percent in March, as imported petroleum prices surged 9.1 percent. Petroleum is now up 60 percent over the past year. Excluding petroleum, prices rose 1.1 percent and are up 5.4 percent year-to-year. The rise in import
In currencies, the market was expecting a subdued tone ahead of the weekend G7 meeting in Washington DC. However, the lower guidance provided by GE sent the USD broadly lower among the majors and instilled a degree of risk aversion
The common currency reclaimed some of yesterday's lost ground ahead of today's Group of Seven meeting in Washington, D.C. Most traders expect the G7 will probably reiterate its usual mantra about excessive currency volatility being undesirable and may not be
The US dollar trimmed losses against the euro but fell broadly against the yen. It was able to trim its losses versus the euro after an unexpected jump in March import prices pointed to inflationary pressures, which could limit the
Outlook in EUR/USD remains neutral as the pair is still limited below 1.5913 high with conflicting indicator readings. As discussed before, the structure of the rise from 1.5510 is not convincingly impulsive and is probably just corrective in nature. Hence,
AUD/USD's retreat from 0.9345 continues today and intraday outlook is turned neural for the moment with 4 hours MACD dragged below signal line. On the upside, above 0.9345 will indicate that rise from from 0.9031 has resumed for to retest
The long-term AUD/NZD WEEKLY chart, as shown, is displaying some strong support/resistance dynamics at play. Perhaps most importantly, the horizontal support/resistance level around the 1.1750 region, as represented on the chart by the long yellow line, signifies a key long-term
I think that the recent consolidation between 122.92 and 101.44 was in a bearish triangle. It was broken from the downside and we saw a fall to 100.00. However the forthcoming deep recovery to 102.25 has ruled out the possibility
Is Namibia planning to de-link its currency from the South African Rand? This was the question local financial analysts were asking on Thursday this week when the Bank of Namibia snubbed the South African Reserve Bank by maintaining its interest
Pricester.com, inc. is a company that according to their SEC filings only has $850 in the bank. And no that is not a typo. That is eight hundred and fifty dollars. This figure represents approximately 37.4% less than my gardener
The alternative and renewable energy does believe that AIM is the place where it could raise funds trough trading its stock. Prometheus Energy added that the expenses spent on AIM quotation outweigh the benefits gained from the London market.
The Bank of England's decision to cut base rates by 25bp to 5.0% and the ECB's decision to hold its repo rate at 4% came as no surprise yesterday, and so there was limited market impact. The only European data
The greenback is retreating as there are anticipations that G7 meeting officials will not likely support the US dollar as they meet today in Washington. As the trade deficit widened by $62.3 billion the dollar started to depreciate more than
Yen rises across the board as financial markets shift to defensive mode after General Electric reported a 6% decline in Q1 profits and lowered its 2008 guidance. The fact that the world's 3rd largest company has disappointed on both actual
Canada's housing market doesn't seem to be faltering under the credit crunch like its US and UK counterparts just yet. The third and final piece of housing data to cross the Canadian wires this week, the new home inflaiton report
U.S. import prices rose 2.8% in March, far exceeding economist's predictions of 1.9%. The increase follows a 0.2% appreciation in February, pulling the year-over-year gain to 14.3%, the highest since 1982. Rising energy costs and a weak dollar were to
The Reuters/University of Michigan consumer confidence survey unexpectedly plummeted to a 26-year low of 63.2 in April from 69.5 in March. Indeed, the index had only been anticipated to ease back to 69.0, but a major deterioration in consumer sentiment
