Posts Tagged ‘Higher’
This morning’s CPI reports showed that last quarter’s inflation was contained and as expected, yet that news helped propel oil prices to over $100. The chart below shows the price spike that occurred at exactly those announcements at 8:30AM EST.
Why would that happen? The answer is that inflation, particularly in commodites is coming. The Fed’s [...]
An interview this morning with Fed Governor Charles Evans produced a little more than the market expected. While not scheduled to speak in an official capacity, he was giving an interview to CNBC where he was extrememly candid. The interview did not inspire confidence in the economy or the Fed response to inflation, and as [...]
The British pound has been in stealth rally mode over the past week despite the risk aversion in the market and the declining economic picture in the UK which was exemplified by teh rioting that took place there recently.
Earlier this week, the release of the Bank of England rate policy meeting minutes revealed that the [...]
Source: ForexYard
The price of corn was seen plummeting Friday after a US Department of Agriculture (USDA) study found both stockpiles and seeded areas to be larger than market forecasts. The whopping 92.28 million acres of land seeded this spring was the largest since World War II, with farmers overcoming the relatively colder and wetter period [...]
Quote of the day: “Seize the moment of excited curiosity on any subject to solve your doubts; for if you let it pass, the desire may never return, and you may remain in ignorance.” - William Wirt
EURUSD – 1.4314 @06:48 GMT
Good morning. Euro’s recovery continues but doesn’t impress so far. On the hourly chart we can [...]
JG Summit Holdings or JGS in the Philippine Stock Exchange for a while had moved past its previous high at PHP 27.50. However, sellers are quick to bring it back towards PHP 27.00. Nonetheless, things still look rosy for JGS at least from a technical perspective at this point in time.
2011 [...]
Price action on EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance level last week. This continued upside surge extends and even accelerates the steep [...]
NEW YORK (CNNMoney) — Hey, rich folks! The American people are putting you on notice. They want you to pay higher taxes.
Two new polls suggest there is broad support for raising taxes on households making more than $250,000 a year, and all in the name of deficit reduction.
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Heck, even a majority of Republicans want the [...]
During times of economic uncertainty, buying and holding U.S. dollar-denominated assets has long been the standard “flight to safety” many investors have relied upon for shelter from the storm. In recent years however, this trend is waning and investors are turning more and more to the yen and Swiss franc to [...]
