Technical Analysis
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 [...]
Euro Breaks $1.50 Mark
The Euro strengthened to more than $1.50 dollars for the first time in the short history of the Euro currency.
Speculation that Bernanke will cut US interest rates further brought further weakness to the USD. German business confidence unexpectedly strengthened in February which lessened predictions of an ECB rate cut.
The USD also fell to an all-time [...]
RIM Shares Rise
Research In Motion (RIM:TOR) the Canadian company behind the successful BlackBerry device saw a sharp rise in share value yesterday after forecasts for subscription growth and strong sales over the holiday period.
Much of the success has been felt with the addition of devices aimed at non-Business users, such as the Blackberry Curve and BlackBerry Pearl [...]
Gold May Rebound With US Economy Slowing
The slowing US economy may lead to higher Gold prices as the Federal Reserve lowers interest rates.
Gold is typically a commodity that becomes more appealing during times of economic slow-down or as a means of risk aversion.
“Eighteen of 31 traders, investors and analysts surveyed by Bloomberg advised buying gold, which fell 1.8 percent last week [...]
GM Performing Outside The USA
GM (GM:NYQ) announced losses of $1.5bn last year in the US; the CEO Rick Wagoner revealed profits of $744 million in far east countries including China and India.
GM was organised as a company one hundred years ago in 1908, yet GM didn’t reach the Chinese market until 1992. This shows a sharp growth in a [...]
Loonie Falls On Rate Cut Expectations
Last Friday saw a big charge for the Canadian Dollar (known to some as the Loonie), as much better than expected employment figures were released.
The Canadian Employment Change came out 36,000 above expectation which sent the USD over 90 points down against CAD. The price moved from 1.0072 to 0.9984 within the first few minute [...]
Euro’s Embraced In The Big Apple
New York City is seeing some shops and retailers accepting payments in Euro’s and other foreign currency as the USD continues to weaken across the board.
As foreign currency continues to strengthen against the greenback, more and more foreign tourists are flocking to the Big Apple, and taking their foreign currency with them.
Although shops and businesses [...]
Poor Job Data Drops USD Further
Unexpectedly poor figures for US jobs caused the USD to fall further, nearing the all-time low of $1.4968 in November 2007.
Non-Farm Payroll figures (often referred to as NFP) showed a January fall in employment of 17000, contradicting market expectation of a rise of 70000 jobs.
This below expectation data caused the USD to fall to [...]
US Tech Stocks To Watch
Despite marked declines in the US Economy, the credit crunch crisis and poor performance on Wall Street, a number of Tech stocks have gone against the tide by performing well during these troubled times.
Forbes has a list of America’s 25 Fastest-Growing Tech Companies, with a breakdown of performances for each. The list is made up [...]
