Post Tagged with: "Oil Prices"
Forex Daily Analysis – January 13th 2009
The second day of this week sees the dollar strengthening on almost all fronts: only the Japanese Yen makes gains against the dollar. USD/JPY is now at 89.13. The big event today is Bernanke’s speech. Oil prices have fallen significantly, now under $37 a barrel. The Gaza war currently isn’t flaring the whole middle east,
Forex Daily Analysis – January 8th 2009
Big day today in the Forex market: The BOE will publish new interest rates in Britain, Ivey PMI in Canada, Unemployment Claims in the US, and many important speeches. Oil prices fell yesterday to$42.23 after the Crude Oil Inventories rose to 6.7M, much higher than expected. This large storage of oil eases oil prices, and weakens
Forex Daily Analysis – January 7th 2009
The peak of the day is the ADP Non-Farm Employment Change in the USA, building up expectations for the Non Farm PAyrolls on Friday. Important economic data begins early on Wednesday: In Austtralia, the monthly Retail Sales Trend is expected to show stability, at 0.1%. Also the HIA New Home Sales is a good indicator of the
Oil above $50 as Gaza War Escalates
The price of oil is now above $50 per barrel, as the war in Gaza escalates. This affects the Ausralian and Canadian dollars. AUD/USD is now at 0.7101, and USD/CAD is at 1.1884 as oil price sits above $50. Hammas rockets have reached further into Israel. The Israeli army is operating deeper inside the Gaza
Gaza War – Israel Began Full Scale Invasion
In the middle of the weekend, Forex traders are tuning up to the news from the middle east: the war in Gaza has turned into a full scale conflict, with Israeli ground forces now operating in the Gaza strip. This is a major escalation in the Gaza war, that might make oil prices jump around the
Forex Daily Analysis – December 30th 2008
The Gaza conflict continues to dominate the news around the world: A ground offensive by Israel is due soon, after Hammas escalated rocket attacks. The price of oil is certainly moved by the voilence in the middle east. WTI Crude now trades at $40, after reaching $43. Oil prices will shake even more if the
Forex Daily Analysis – December 29th 2008
Trading in this short holiday week began with a drop in the rate of the USD. It weakened against almost all the currencies. EUR/USD jumped to 1.4339, USD/JPY is flirting again with the 90 mark, and also the USD/CHF dropped to 1.0433. The gains that the Swiss Franc made came despite of the KOF Economic Barometer
Forex Weekly Outlook – December 29th 2008 – January 2nd 2009
This week, is still a holiday week. The year is changing Wednesday night. Januray 1st is a holiday, and the volume is usually low at this time of the year. But this time, the flames in the middle east are looming over the forex traders. The violent conflict in Gaza, that broke out 36 hours
Gaza War Widens just before Forex Trade Resumes
The conflict in the Gaza strip widens. Israel began moving tanks and infantry towards the Gaza strip. In addition, the Israeli government announced that over 6,000 reserve soldiers will be drafted for fighting in Gaza. The military collision that began yesterday is currently remote: Israeli airforce striked Hammas posts, and Hammas launched rockets as far
Gaza War Will Make Oil Prices Higher
Today, Israel made a blitz attack on the Hammas strongholds in the Gaza strip. This is a big move in an ongoing conflict. Without getting into the complicated mideast politics, a violent conflict somewhere in the middle east always moves oil prices higher. There’s always a fear that a war in Gaza could flare up