Dollar Continues Lackluster Performance Amid Disappointing U.S. Data
Thursday, July 29th, 2010 Posted in Market Comments | Comments Off• Euro Tumbles Against Most Major Currencies as Bank Lending Remains Tight, Euribor Pushes Higher • British Pound Looks for Direction as Comments by Governor Mervyn King Raises Concerns of Stagflation • Australian Dollar Dips Back Below 200-Day SMA as Traders Pare Bank ...
Crude Oil Inventory Watch: Surge in Imports Brings Inventories Near 10-Year Highs
Thursday, July 29th, 2010 Posted in Market Comments | Comments OffInventories The Department of Energy reported that in the week ending July 23, 2010, US crude oil inventories increased by 7.3 million barrels, gasoline inventories were close to unchanged, distillate inventories increased by 0.9 million barrels, and total petroleum inventories increased ...
GBP/USD: Trading the Change in U.K. Mortgage Approvals
Thursday, July 29th, 2010 Posted in Market Comments | Comments OffAs bank lending in the U.K. is expected to weaken in June, the data is likely to reinforce a weakened outlook for future growth, which could spur a reversal in the British Pound as investors weigh the prospects for a ...
Japanese Market Trades Weak
Thursday, July 29th, 2010 Posted in Market Comments | Comments OffTracking cues from Wall Street, where stocks drifted lower overnight following a decline in durables goods orders and the Federal Reserve's none too encouraging remarks about the U.S. economy, the Japanese stock market is trading weak on Thursday.