Archive for June 2008

The Dollar continues its positive trend

Jun 5th, 2008 | By MichaelFox | Category: Forex Analysis

Unexpectedly US services and private-sector jobs data supported the speculation that the Fed can rise borrowing costs later this year, helping the Dollar’s bullish trend
The Dollar rose in the early trading for a third day against the Yen, after Federal Reserve Chairman Ben Bernanke stated an increase in inflation expectations is something to be worried [...]



Calm Before the Storm

Jun 5th, 2008 | By MichaelFox | Category: Forex Analysis

Trading volume and volatility have fallen in the currency markets as investors await tomorrow’s important U.S. Non-Farm Payroll report. Over the last few years, this report has come to dominate trader’s attention on the first Friday each month when it is announced.



Oil falls on India fuel hike, stronger dollar

Jun 5th, 2008 | By MichaelFox | Category: Forex News

LONDON — Oil prices yesterday fell below $124 a barrel to its lowest level in nearly three weeks after a fuel price rise in India, which is expected to curb demand. Yesterday’s losses added to a more than $3 slide on



UPDATE 3-Gold climbs as dollar dips ahead of Bernanke speech

Jun 3rd, 2008 | By Robert | Category: Forex News

LONDON, June 3 (Reuters) - Gold climbed on Tuesday as the dollar softened on worries over the deteriorating health of the U.S. economy, boosting the precious metal’s appeal as an alternative investment.
Gold is often bought as a hedge against a weakening dollar, and also becomes cheaper for holders of other currencies when the greenback loses [...]