Euro Pares Gain ahead of EU Finance Ministers Meeting and Ireland Budget Vote
Euro pares gain against dollar today as markets are concerned on the uncertain outcome from EU finance ministers meeting today.
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Oil price continues to rise as the cold weather, demand in consumer goods manufacturing and a weak US dollar fuel demand
Oil has continued to climb higher in recent weeks, breaking the previous resistance level of $88.54 in which traders sold off positions and went short. From a purely technical perspective this was due mostly to a Fibonacci projection at play where the re-tracement found support at the 38.2% level. Sellers looking to come into the markets looked for the 138.2 projection level to enter the markets.
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Expansion of Beach Bend Park in Bowling Green nears completion
Despite delays caused by flooding last May, Beech Bend Park in Bowling Green is completing a multi-million dollar expansion that includes a new amphitheater, three new water park attractions and two new amusement rides that will open for the 2011 season starting in May.
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US Dollar rises: Thanks Europe!
Critics who worried that QE2 would crush the dollar have been silenced, thanks in part to a widening debt crisis in Europe.
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Daily forex forecast – 01/12/2010
The Australian dollar is struggling to hold its own above 96 cents of late as economic headlines are dominated by risk.
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Oil higher despite stronger dollar
Oil prices rose on Monday after the European Union agreed on a bailout plan for Ireland. |||
New York – Oil prices rose on Monday after the European Union agreed on a bailout plan for Ireland, which offset some concern that a financial crisis could surface in Portugal and Spain.
The gain came even as the dollar was stronger against other currencies. Since oil and other commodities are priced in dollars, a stronger dollar makes them more expensive for buyers who use foreign currencies.
Benchmark crude for January delivery rose $1.97 to settle at $85.73 a barrel on the New York Mercantile Exchange.
The dollar soared against the euro. In late trading in New York, the euro dropped to $1.3116 from $1.3237 late on Friday. It had earlier fallen below $1.31 for the first time since September 21. – Sapa-AP
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Australia, NZ dollars plumb lows as risk shed; bonds firm
The Australian dollar sank to two-month lows on Monday as a faltering euro led investors to shun riskier currencies on doubts the bail-out for Ireland would not plug Europe’s debt crisis.
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Tajikistan: China and Russia trade in rubles and Yuan, farewell to the U.S. dollar
Prime Ministers of both countries agree to trade with their currencies, to affirm the importance at the expense of the dollar. Meanwhile, the two countries take part in the meeting of the SCO in Tagik…
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Dollar falls most in more than a month
The Canadian dollar fell the most in more than a month Friday amid growing concern about the European debt crisis and tensions between North and South Korea.
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Gold on Verge of Major Decline; Commodity Currencies Warn of Trend Shift
The US Dollar has been well bid over the past several weeks and we are now nearing the point at which we will soon find out if the rally in the Greenback has been more of a corrective rally within a broader USD downtrend, or if the Buck is attempting to mount a significant longer-term across the board appreciation.
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- Fitch downgrades Greek sovereign debt
- Clinton urges Americans to invest in Myanmar, names ambassador
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- GM CEO: Earnings good, but not good enough
- Chinese companies buying automaker Saab
- Suzuki demands VW return shares after alleged contract breach
- Chrysler has best September since 2007
- Honda recalls million cars worldwide
- General Motors to manufacture plug-in Cadillac ELR plug-in hybrid electric car
- GM earnings soar 92 percent on global sales
- Volkswagen postpones MAN supervisory board takeover
- Business Loans
- Consumer credit card debt down
- Remittances to developing countries rebound
- Fixed mortgage rates steady near 4 percent
- Bank fee hike gives credit unions a boost
- Study: Canadians want to retire at 63
- Study: Growing number of college grads filing for bankruptcy protection
- Survey: Canadians expect to be free from debt when they reach 55
- Monthly Payments Lowered on Defaulted Debt?
- Number of hacked Citi credit card accounts rises to 360,000
- Virgin Atlantic pilots vote to strike over lack of pay increase
- Private Personal Loans
- personal loans
- Fitch downgrades Greek sovereign debt
- U.S. Treasury should make $15 billion profit on AIG bailout
- Costco to offer mortgages
- Medicare to tie doctors’ pay to quality, cost of care
- Report: E-books encouraging reading in America
- Justice Dept. Broadens Investigations of Terrorism in Private Records
- Gold falls following Fed policy decision
- Average rate on 30-year fixed mortgage falls to 3.9 percent
- Stocks cross 13,000 for first time since May 2008
- CIA site down, Anonymous claims responsibility
- Personal and Business Loans
- Initial jobless claims remain unchanged
- Fitch downgrades Greek sovereign debt
- Moody’s downgrades credit of 26 Italian banks
- Initial unemployment claims drop by 1,000
- Fannie Mae not seeking new bailout funds after good quarter
- Mortgage rates fall to record low
- Spain, economic data weigh on U.S. stocks
- Costco to offer mortgages
- U.S. stocks mixed Thursday on weak jobless claims
- Short sales up in housing market
