Archive for March, 2008
Gold Advances As Hedge
Traders saw a rise in the value of gold, silver and precious metal stocks. The weakening US dollar led to traders investing in gold as a way to hedge against the currency downturn.
Gold made it’s third straight quarterly gain, making it a consistent hedging commodity during times of market volatility and the general economic downwards [...]
Tide Turns For USD
After two days of sharp declines for the US dollar, a recovery has been seen against the Euro.
The rise in USD against the Euro is likely based on speculation of the spreading credit crisis hitting Eurozone banks Technical charts confirmed the Euro rose too quickly after posting its biggest two-day gain since Jan 4-5, 2001.
Gloomy [...]
Further Fed Rate Cut Likely
It looks ever-more likely the Federal Reserve will again lower interest rates. The USD fell against the Euro on speculation of such a rate cut.
The Greenback fell the most in two weeks against the Euro after a private report showed US consumer confidence fell further than expected in March.
According to Samarjit Shankar, director of global [...]
Fed Rate Cut Looking Likely
The USD fell against the Euro for the fifth day on speculation of a Federal Reserve interest rate cut later today.
It is expected that the Fed will cut the interest rate by a full percentage point to steady the shaky economy.
The US economy hasn’t been helped with the news of Bear Stearns being bought [...]
Dollar Rebounds From $1.5651 Against Euro
The USD rose to $1.5565 after falling to an all-time low against the Euro of $1.5651.
The rise came after speculation that central banks will intervene for the first time in 13 years to strengthen the US dollar.
The rebound reduced the US dollars weekly losses which reached a 12 year low against the Japanese Yen, near [...]
Trading Currency After News Spikes
Today we have a classic example of a news spike. We can see a huge decline in the Euro against the USD, from highs in the region of $1.5490 all the way down to $1.5280. That marks a fall of around 210 points in only a matter of a few hours.
However, notice the 55-day moving [...]
Dollar Falls Against Pound
The USD fell against the GBP today after a report showed UK producer-price increases matched figures of 16 years ago.
Last week the pound closed at $2.0134 against the dollar, however, it rose to $2.0194 after the government report was released.
Elsewhere experts predict a bottom to USD decline against the Euro and Yen. Resona Bank Ltd. [...]
Dollar Decline Set To Continue
Further to our recent report on the USD record-breaking fall against the Euro, we have seen forecasts of further USD declines in 2008 against the Euro, Yen and GBP.
Morgan Stanley, the second largest US securities firm cut it’s forecasts with expectation that the USD will fall to $1.55.
Expectations of further Federal Reserve interest rate cuts [...]
Save By Switching From ‘Big Five’ Banks
The UK consumer banking sector has come under the scrutiny of various financial bodies with some interesting results.
Back in February we reported that the ethical bank Co-operative and Smile beat off competition from over 40 other banks and building societies for customer satisfaction.
A recent Which? Money reported that only nine of the 64 Which? Money [...]
