Archive for May, 2008
Tough Times For Financial Services Job Seekers
The fall-out from the credit crunch being felt across the US financial-services sector as well as in Europe; top banks and financial institutions in the US and Europe have been axing jobs and cutting back salaries in an attempt to steady-the-ship after the large-scale economic slowdown.
According to ShareCast, up to 40,000 jobs in the UK’s [...]
Long-term Investment with ETFs
Beating inflation is an important factor to become a successful investor. In the tougher economic conditions in the final quarter of 2007 through into 2008 Central Banks, retail banks, equity brokers and the worlds top exchanges are feeling the squeeze. High street retailers in the UK and US are under pressure as the price of [...]
Dollar Weakens Against Euro and Yen
The recent dollar weakness continued today hitting a three week low against the euro. The US dollar traded at $1.5657, from $1.5510, and also declined against the Japanese yen. The dollar declined from 104.33 yen to 103.91.
The decline came about after the IMF said the US housing slow-down still poses “serious risks” to financial markets.
Meanwhile [...]
US Confidence Data Sends Dollar Lower
The dollar fell against the euro and the yen after poor US consumer confidence data caused concern that the US economy may not rebound.
The USD traded at $1.5576 from a low of $1.5601 on May 16. The dollar also weakened against the yen from 104.04 to 104.03.
Despite a temporary rebound from record lows of $1.6019 [...]
Will The EURUSD Trend Favour The Dollar?
The Federal Reserve may lower interest-rates after a government report showed US consumer prices grew less than forecast for April.
Dustin Reid of ABN Amro Chicago said “The Fed may have more room to cut rates if deemed necessary. Inflation was a key driver behind the recent dollar rally.” - Bloomberg
The dollar reached $1.5462 today, after [...]
Retail Sales Boost Greenback
US government retail sales figures came out better than expected excluding autos. The figures showed an increase in April ahead of forecasts.
After positive data speculation has risen that the Federal Reserve will halt cutting the benchmark interest rate. The USD gained against the euro as well as the yen after the figures were released.
The dollar [...]
Is The Euro Ready To Retrace?
The US dollar has increased against the euro with speculation of a euro-zone slowdown. US productivity in March was better than expected, which led to a USD rally against the euro.
The pound also fell against the USD as UK consumer confidence fell to a four year low in March.
“Market sentiment is shifting to a more [...]
