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Dollar Rally Continues
Posted by Bob Slade on Fri, 06/13/2008 - 8:17am in
Good Morning:
The dollars rally continued-as the dollar had its best trading week in 3 years.
Posted by Bob Slade on Wed, 05/07/2008 - 8:13am in
Wed. May 7, 2008
Good Morning:
The dollar pushed up as comments by Fed President Hoenig regarding inflation and interest rates, along with a drop in European retail sales helped the greenback today.
World equity markets were mixed, with Asia lower and Europe higher. US futures are lower this morning-ahead of the data on home sales this morning.
Oil: $122.22
Gold: $871.60
Data Today:
Posted by Bob Slade on Thu, 05/01/2008 - 8:12am in
Thursday May 1, 2008
Good Morning:
The greenback advanced after the Fed lowered the benchmark interest rate to 2%.
Speculation the Fed will pause lowering interest rates helped the dollar to rise.
Today’s market activity overseas was very thin as many European and Asian markets are off for the May Day holiday.
Most world equity markets were closed today for the May Day holiday.
UK markets and US futures are higher this morning.
Oil: $113.18
Posted by Bob Slade on Wed, 04/30/2008 - 8:10am in
Wed April 30, 2008
Good Morning:
The greenback is stronger across the board as speculation that the Fed may signal an end to its easing policy after today’s FOMC meeting.
Also today the euro weakened as German unemployment fell less than expected.
World Equity markets were lower as earnings from Time Warner and SAP disappointed investors.
US Futures are also lower following the Time Warner earning report.
Oil: $115.73
Posted by Bob Slade on Tue, 04/29/2008 - 8:23am in
Tuesday April 29, 2008
Good Morning:
The dollar advanced today as the FOMC begins a 2 day meeting, culminating in an interest rate announcement on Wed April 30. Speculation that the Fed may signal they are close to pausing their interest rate reductions caused the dollar to rise.
Equities in Asia and Europe dropped as earnings forecasts are disappointing investors.
Oil: $117.55
Gold: $885.30
We have data on consumer confidence at 10AM
Economic Calendar
